5504, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in September 2021, 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 5504, Paramount Tower Hotel & Residences Downtown
What is 5504 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 September 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 55th of 63
- Parking
- P4-15
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.93M · September 2021
About 5504, Paramount Tower Hotel & Residences Downtown
5504 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. The developer sold it on 5 September 2021 for AED 1,929,241, or AED 1,720 per sqft, 15% above the AED 1,500 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5504 over time
5504 has sold once; 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 5504 sits
All 329 2-beds →5504 last sold in September 2021 at AED 1,720 per sqft, 15% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,500). Over the last 12 months two-beds sold for AED 2,350,000 to 3,200,000, around AED 2,019 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. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /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 | |
| 5503 | 2-bed | 1,121 sqft | AED 3MAED 3,000,000 · Mar 2024March 2024 | ||
| 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 |
5504, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 5 September 2021 for AED 1,929,241, or AED 1,720 per sqft.
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,350,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,009 per sqft.
Source: Dubai Land Department. Updated 5 September 2021.
Questions about 5504, Paramount Tower Hotel & Residences Downtown
What did unit 5504 last sell for?
AED 1,929,241 on 5 September 2021, sold by the developer: AED 1,720 per sqft for 1,121 sqft. It is the only registered sale of the unit.
How big is unit 5504?
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 5504 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 2,350,000 to 3,200,000 in the last 12 months, around AED 2,019 per sqft.
Selling 5504? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5504, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.93M, 5 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,929,241
- Deposit, UAE resident (20%)
- AED 385,848
- Deposit, non-resident (40%)
- AED 771,696
- Monthly over 25 years at 3.7%
- AED 7,893
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →