5701, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5701, Paramount Tower Hotel & Residences Downtown
What is 5701 worth today?
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Source: Dubai Land Department. Updated 4 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,341 sqft
- Floor
- 57th of 63
- Parking
- P3-37
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 26,700 /yr
- Last sold
- AED 2.3M · August 2024
About 5701, Paramount Tower Hotel & Residences Downtown
5701 is a two-bedroom apartment of 1,341 sqft on the 57th 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 13 August 2024 for AED 2,300,000, or AED 1,715 per sqft, 4% below the AED 1,789 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 4 April 2025, is AED 210,000 a year: a gross yield of 9.1% on the 2024 price, before the service charge of about AED 26,700 a year.
Sales and rents for 5701 over time
5701 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 5701 sits
All 329 2-beds →5701 last sold in August 2024 at AED 1,715 per sqft, 4% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,789). 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. 5701's AED 210,000 is in the upper half of that range.
| 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 57th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5702 | 1-bed | 951 sqft | AED 2.08MAED 2,080,000 · Jun 2025June 2025 | 145,000 /yr | |
| 5703 | 1-bed | 871 sqft | AED 1.79MAED 1,787,000 · Nov 2022November 2022 | 130,000 /yr | |
| 5704 | 1-bed | 922 sqft | AED 1.8MAED 1,800,000 · Feb 2024February 2024 | ||
| 5705 | 1-bed | 869 sqft | AED 1.8MAED 1,800,000 · Nov 2024November 2024 | 120,000 /yr | |
| 5706 | 3-bed | 1,584 sqft | AED 2.34MAED 2,344,320 · Apr 2021April 2021 | ||
| 5707 | 3-bed | 1,645 sqft | AED 2.92MAED 2,915,000 · Oct 2019October 2019 | 230,000 /yr | |
| 5708 | 3-bed | 1,644 sqft | AED 2.72MAED 2,719,000 · Dec 2020December 2020 | 220,000 /yr | |
| 5709 | 2-bed | 1,221 sqft | AED 2MAED 2,000,000 · May 2023May 2023 | 150,000 /yr | |
| 5710 | 2-bed | 1,190 sqft | AED 1.79MAED 1,786,220 · Mar 2020March 2020 | ||
| 5711 | 2-bed | 1,291 sqft | AED 1.6MAED 1,600,000 · Jun 2020June 2020 | 192,000 /yr | |
| 5712 | 1-bed | 683 sqft | AED 1.24MAED 1,244,000 · Nov 2019November 2019 | ||
| 5713 | 1-bed | 681 sqft | AED 1.24MAED 1,240,000 · Sep 2019September 2019 | 130,000 /yr | |
| 5705A | 1-bed | 952 sqft | AED 1.76MAED 1,755,000 · Sep 2019September 2019 | 120,000 /yr |
5701, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 7 November 2019 for AED 2,400,000, last on 13 August 2024 for AED 2,300,000 (AED 1,715 per sqft).
- Rented since April 2025 on 2 Ejari contracts, at AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2024 price is 9.1%, before a service charge of about AED 26,700 a year (AED 19.93 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 4 April 2025.
Questions about 5701, Paramount Tower Hotel & Residences Downtown
What did unit 5701 last sell for?
AED 2,300,000 on 13 August 2024: AED 1,715 per sqft for 1,341 sqft. The unit has 3 registered sales; the first was AED 2,400,000 in November 2019.
What is the rent for unit 5701?
AED 210,000 a year on the contract signed on 4 April 2025. The previous contract, from April 2025, was AED 210,000.
How big is unit 5701?
1,341 sqft (124.6 sqm): a two-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5701 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 5701, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.3M, 13 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →