5607, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in May 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 5607, Paramount Tower Hotel & Residences Downtown
What is 5607 worth today?
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Source: Dubai Land Department. Updated 27 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,176 sqft
- Floor
- 56th of 63
- Parking
- P4-27
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,400 /yr
- Last sold
- AED 2.3M · May 2024
About 5607, Paramount Tower Hotel & Residences Downtown
5607 is a two-bedroom apartment of 1,176 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 27 May 2024 for AED 2,299,434, or AED 1,954 per sqft, 11% above the AED 1,762 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5607 over time
5607 has sold 3 times; 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 5607 sits
All 329 2-beds →5607 last sold in May 2024 at AED 1,954 per sqft, 11% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,762). 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 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 | |
| 5606 | 3-bed | 1,586 sqft | AED 2.72MAED 2,720,000 · Jun 2023June 2023 | 200,000 /yr | |
| 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 |
5607, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 3 April 2019 for AED 2,114,000, last on 27 May 2024 for AED 2,299,434 (AED 1,954 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 27 May 2024.
Questions about 5607, Paramount Tower Hotel & Residences Downtown
What did unit 5607 last sell for?
AED 2,299,434 on 27 May 2024: AED 1,954 per sqft for 1,176 sqft. The unit has 3 registered sales; the first was AED 2,114,000 in April 2019.
How big is unit 5607?
1,176 sqft (109.3 sqm): a two-bedroom apartment on the 56th floor of a 63-storey tower completed in 2022.
What is unit 5607 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 5607, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.3M, 27 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,299,434
- Deposit, UAE resident (20%)
- AED 459,887
- Deposit, non-resident (40%)
- AED 919,774
- Monthly over 25 years at 3.7%
- AED 9,408
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →