5606, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in June 2023, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5606, Paramount Tower Hotel & Residences Downtown
What is 5606 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 30 October 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 56th of 63
- Parking
- P1-25
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.72M · June 2023
About 5606, Paramount Tower Hotel & Residences Downtown
5606 is a three-bedroom apartment of 1,586 sqft on the 56th 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 14 June 2023 for AED 2,720,000, or AED 1,715 per sqft, in line with the AED 1,755 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 30 October 2026. The current contract, signed on 30 October 2026, is AED 200,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 31,600 a year.
Sales and rents for 5606 over time
5606 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 5606 sits
All 78 3-beds →5606 last sold in June 2023 at AED 1,715 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,755). 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. 5606's AED 200,000 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 56th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5601 | 2-bed | 1,339 sqft | AED 2.6MAED 2,600,000 · Jan 2025January 2025 | ||
| 5602 | 2-bed | 1,167 sqft | AED 2.2MAED 2,200,000 · Jul 2023July 2023 | ||
| 5603 | 2-bed | 1,121 sqft | AED 2.1MAED 2,100,000 · Mar 2023March 2023 | 190,000 /yr | |
| 5604 | 2-bed | 1,121 sqft | AED 2.69MAED 2,688,000 · Apr 2016April 2016 | ||
| 5605 | 2-bed | 1,166 sqft | AED 3.01MAED 3,011,550 · Oct 2015October 2015 | 141,750 /yr | |
| 5607 | 2-bed | 1,176 sqft | AED 2.3MAED 2,299,434 · May 2024May 2024 | ||
| 5608 | 3-bed | 822 sqft | AED 1.67MAED 1,674,243 · Jun 2024June 2024 | ||
| 5609 | 2-bed | 1,221 sqft | AED 1.61MAED 1,609,500 · Oct 2020October 2020 | ||
| 5610 | 2-bed | 1,186 sqft | AED 2.51MAED 2,513,700 · Dec 2015December 2015 | 175,000 /yr | |
| 5611 | 2-bed | 1,290 sqft | AED 2.01MAED 2,006,400 · Jun 2021June 2021 | 160,000 /yr | |
| 5612 | 1-bed | 681 sqft | AED 1.4MAED 1,400,000 · Oct 2024October 2024 | ||
| 5613 | 1-bed | 679 sqft | AED 1.1MAED 1,100,000 · Oct 2022October 2022 | ||
| 5607A | Studio | 466 sqft | AED 927KAED 927,000 · Jun 2019June 2019 | 70,000 /yr |
5606, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 7 September 2021 for AED 2,446,844, last on 14 June 2023 for AED 2,720,000 (AED 1,715 per sqft).
- Rented since October 2026 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 31,600 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 30 October 2026.
Questions about 5606, Paramount Tower Hotel & Residences Downtown
What did unit 5606 last sell for?
AED 2,720,000 on 14 June 2023: AED 1,715 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 2,446,844 in September 2021.
What is the rent for unit 5606?
AED 200,000 a year on the contract signed on 30 October 2026.
How big is unit 5606?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 56th floor of a 63-storey tower completed in 2022.
What is unit 5606 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.
Selling 5606? 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 5606, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.72M, 14 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,720,000
- Deposit, UAE resident (20%)
- AED 544,000
- Deposit, non-resident (40%)
- AED 1,088,000
- Monthly over 25 years at 3.7%
- AED 11,128
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →