5507, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in October 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5507, Paramount Tower Hotel & Residences Downtown
What is 5507 worth today?
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Source: Dubai Land Department. Updated 1 August 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 55th of 63
- Parking
- P1-23
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.89M · October 2023
About 5507, Paramount Tower Hotel & Residences Downtown
5507 is a three-bedroom apartment of 1,645 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 26 October 2023 for AED 2,890,000, or AED 1,757 per sqft, in line with the AED 1,765 three-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 220,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5507 over time
5507 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 5507 sits
All 78 3-beds →5507 last sold in October 2023 at AED 1,757 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,765). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 5507's AED 220,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 | |
| 5503 | 2-bed | 1,121 sqft | AED 3MAED 3,000,000 · Mar 2024March 2024 | ||
| 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 | ||
| 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 |
5507, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 27 June 2016 for AED 3,742,200, last on 26 October 2023 for AED 2,890,000 (AED 1,757 per sqft).
- Rented since April 2023 on 4 Ejari contracts, from AED 200,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 32,800 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 1 August 2025.
Questions about 5507, Paramount Tower Hotel & Residences Downtown
What did unit 5507 last sell for?
AED 2,890,000 on 26 October 2023: AED 1,757 per sqft for 1,645 sqft. The unit has 2 registered sales; the first was AED 3,742,200 in June 2016.
What is the rent for unit 5507?
AED 220,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2025, was AED 195,000; the unit has been rented since April 2023.
How big is unit 5507?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 55th floor of a 63-storey tower completed in 2022.
What is unit 5507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 5507, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.89M, 26 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,890,000
- Deposit, UAE resident (20%)
- AED 578,000
- Deposit, non-resident (40%)
- AED 1,156,000
- Monthly over 25 years at 3.7%
- AED 11,824
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →