5607A, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in June 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5607A, Paramount Tower Hotel & Residences Downtown
What is 5607A worth today?
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Source: Dubai Land Department. Updated 6 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 466 sqft
- Floor
- 56th of 63
- Parking
- P4-28
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 927K · June 2019
About 5607A, Paramount Tower Hotel & Residences Downtown
5607A is a studio of 466 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. The developer sold it on 13 June 2019 for AED 927,000, or AED 1,988 per sqft, 12% below the AED 2,269 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 6 March 2026, is AED 70,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 9,300 a year.
Sales and rents for 5607A over time
5607A has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Paramount Tower Hotel & Residences Downtown, and where 5607A sits
All 203 studios →5607A last sold in June 2019 at AED 1,988 per sqft, 12% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,269). Over the last 12 months studios sold for AED 630,000 to 1,295,000, around AED 1,579 per sqft, and rent for AED 65,000 to 90,000 a year. 5607A's AED 70,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20263 July 2026 | 477 sqft | 777,215 | 1,630 | ||
| 22 May 202622 May 2026 | 627 sqft | 960,367 | 1,531 | ||
| 22 May 202622 May 2026 | 520 sqft | 830,484 | 1,596 | ||
| 24 Feb 202624 February 2026 | 520 sqft | 1,295,000 | 2,489 |
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 | |
| 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, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 13 June 2019 for AED 927,000, or AED 1,988 per sqft.
- Rented since November 2022 on 4 Ejari contracts, from AED 55,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 9,300 a year (AED 19.93 per sqft).
- Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000–1,295,000 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 6 March 2026.
Questions about 5607A, Paramount Tower Hotel & Residences Downtown
What did unit 5607A last sell for?
AED 927,000 on 13 June 2019, sold by the developer: AED 1,988 per sqft for 466 sqft. It is the only registered sale of the unit.
What is the rent for unit 5607A?
AED 70,000 a year on the contract signed on 6 March 2026. The previous contract, from November 2024, was AED 55,000; the unit has been rented since November 2022.
How big is unit 5607A?
466 sqft (43.3 sqm): a studio on the 56th floor of a 63-storey tower completed in 2022.
What is unit 5607A worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000 to 1,295,000 in the last 12 months, around AED 1,579 per sqft.
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Mortgage on 5607A, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 927K, 13 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 927,000
- Deposit, UAE resident (20%)
- AED 185,400
- Deposit, non-resident (40%)
- AED 370,800
- Monthly over 25 years at 3.7%
- AED 3,793
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →