5503, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5503, Paramount Tower Hotel & Residences Downtown
What is 5503 worth today?
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Source: Dubai Land Department. Updated 22 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 55th of 63
- Parking
- P4-14
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 3M · March 2024
About 5503, Paramount Tower Hotel & Residences Downtown
5503 is a two-bedroom apartment of 1,121 sqft on the 55th floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. It last sold on 22 March 2024 for AED 3,000,000, or AED 2,675 per sqft, 49% above the AED 1,792 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5503 over time
5503 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Paramount Tower Hotel & Residences Downtown, and where 5503 sits
All 329 2-beds →5503 last sold in March 2024 at AED 2,675 per sqft, 49% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,792). Over the last 12 months two-beds sold for AED 2,250,000 to 3,200,000, around AED 2,016 per sqft, and rent for AED 100,000 to 220,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 1,167 sqft | 2,350,000 | 2,013 | ||
| 13 Aug 202613 August 2026 | 1,364 sqft | 2,725,000 | 1,997 | ||
| 25 Jun 202625 June 2026 | 1,364 sqft | 3,200,000 | 2,346 | ||
| 6 May 20266 May 2026 | 1,364 sqft | 2,800,000 | 2,052 |
Paramount Tower Hotel & Residences Downtown
Building784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 33 sold in the last 12 months.
- Typical price per sqft
- AED 2,005 Up 3.3%
- Typical sale
- AED 2.35M
- Typical rent
- AED 151K /yr
- Typical yield
- 6.6%
Other units on the 55th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 2-bed | 1,339 sqft | AED 2.5MAED 2,500,000 · Jun 2023June 2023 | 180,000 /yr | |
| 5502 | 2-bed | 1,167 sqft | AED 2.01MAED 2,008,407 · Nov 2021November 2021 | 190,000 /yr | |
| 5504 | 2-bed | 1,121 sqft | AED 1.93MAED 1,929,241 · Sep 2021September 2021 | ||
| 5505 | 2-bed | 1,152 sqft | AED 2.08MAED 2,077,000 · Feb 2019February 2019 | 150,000 /yr | |
| 5506 | 3-bed | 1,586 sqft | AED 2.7MAED 2,700,508 · Oct 2021October 2021 | ||
| 5507 | 3-bed | 1,645 sqft | AED 2.89MAED 2,890,000 · Oct 2023October 2023 | 195,000 /yr | |
| 5508 | 3-bed | 1,644 sqft | AED 2.9MAED 2,900,000 · Nov 2024November 2024 | 220,000 /yr | |
| 5509 | 2-bed | 1,221 sqft | AED 1.61MAED 1,605,800 · Oct 2020October 2020 | 175,000 /yr | |
| 5510 | 2-bed | 1,186 sqft | AED 1.57MAED 1,566,706 · Mar 2020March 2020 | 165,000 /yr | |
| 5511 | 2-bed | 1,290 sqft | AED 2.1MAED 2,100,000 · Nov 2023November 2023 | 165,000 /yr | |
| 5512 | 1-bed | 681 sqft | AED 1.7MAED 1,700,000 · Mar 2025March 2025 | 147,500 /yr | |
| 5513 | 1-bed | 679 sqft | AED 1.4MAED 1,400,000 · Oct 2026October 2026 | 110,000 /yr |
5503, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 19 November 2015 for AED 2,314,656, last on 22 March 2024 for AED 3,000,000 (AED 2,675 per sqft).
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,005 per sqft.
Source: Dubai Land Department. Updated 22 March 2024.
Questions about 5503, Paramount Tower Hotel & Residences Downtown
What did unit 5503 last sell for?
AED 3,000,000 on 22 March 2024: AED 2,675 per sqft for 1,121 sqft. The unit has 2 registered sales; the first was AED 2,314,656 in November 2015.
How big is unit 5503?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 55th floor of a 63-storey tower completed in 2022.
What is unit 5503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000 to 3,200,000 in the last 12 months, around AED 2,016 per sqft.
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Mortgage on 5503, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3M, 22 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →