5512, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in March 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5512, Paramount Tower Hotel & Residences Downtown
What is 5512 worth today?
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Source: Dubai Land Department. Updated 10 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 681 sqft
- Floor
- 55th of 63
- Parking
- P4-20
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.7M · March 2025
About 5512, Paramount Tower Hotel & Residences Downtown
5512 is a one-bedroom apartment of 681 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 28 March 2025 for AED 1,700,000, or AED 2,497 per sqft, 17% above the AED 2,130 one-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 10 January 2026, is AED 147,500 a year: a gross yield of 8.7% on the 2025 price, before the service charge of about AED 13,600 a year.
Sales and rents for 5512 over time
5512 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 5512 sits
All 174 1-beds →5512 last sold in March 2025 at AED 2,497 per sqft, 17% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,130). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year. 5512's AED 147,500 is at the top of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
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 | ||
| 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 | |
| 5513 | 1-bed | 679 sqft | AED 1.4MAED 1,400,000 · Oct 2026October 2026 | 110,000 /yr |
5512, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 7 March 2019 for AED 1,213,000, last on 28 March 2025 for AED 1,700,000 (AED 2,497 per sqft).
- Rented since April 2023 on 2 Ejari contracts, from AED 90,000 to AED 147,500 a year.
- At AED 147,500 a year the gross yield on the 2025 price is 8.7%, before a service charge of about AED 13,600 a year (AED 19.93 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 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 10 January 2026.
Questions about 5512, Paramount Tower Hotel & Residences Downtown
What did unit 5512 last sell for?
AED 1,700,000 on 28 March 2025: AED 2,497 per sqft for 681 sqft. The unit has 3 registered sales; the first was AED 1,213,000 in March 2019.
What is the rent for unit 5512?
AED 147,500 a year on the contract signed on 10 January 2026. The previous contract, from April 2023, was AED 90,000.
How big is unit 5512?
681 sqft (63.3 sqm): a one-bedroom apartment on the 55th floor of a 63-storey tower completed in 2022.
What is unit 5512 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
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Mortgage on 5512, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.7M, 28 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →