5704, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 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 5704, Paramount Tower Hotel & Residences Downtown
What is 5704 worth today?
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Source: Dubai Land Department. Updated 27 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 922 sqft
- Floor
- 57th of 63
- Parking
- P3-40
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 18,400 /yr
- Last sold
- AED 1.8M · February 2024
About 5704, Paramount Tower Hotel & Residences Downtown
5704 is a one-bedroom apartment of 922 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 27 February 2024 for AED 1,800,000, or AED 1,953 per sqft, 17% below the AED 2,347 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5704 over time
5704 has sold twice; 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 5704 sits
All 174 1-beds →5704 last sold in February 2024 at AED 1,953 per sqft, 17% below what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,347). 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.
| 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 57th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5701 | 2-bed | 1,341 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | 210,000 /yr | |
| 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 | |
| 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 |
5704, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 11 July 2023 for AED 2,027,000, last on 27 February 2024 for AED 1,800,000 (AED 1,953 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 27 February 2024.
Questions about 5704, Paramount Tower Hotel & Residences Downtown
What did unit 5704 last sell for?
AED 1,800,000 on 27 February 2024: AED 1,953 per sqft for 922 sqft. The unit has 2 registered sales; the first was AED 2,027,000 in July 2023.
How big is unit 5704?
922 sqft (85.7 sqm): a one-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5704 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 5704, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.8M, 27 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →