1-bed · 952 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 57th floor · completed 2022

5705A, Paramount Tower Hotel & Residences Downtown

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in September 2019, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 5705A · DLD and Ejari recordsUpdated 1 October 2026

Last soldAED 1.76M5 September 2019

Current rentAED 120K /yr1 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5705A, Paramount Tower Hotel & Residences Downtown

Today

What is 5705A worth today?

Last sold for AED 1,755,000 in 2019

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1 Oct 2026

1 Oct 2026RentedRenewal

AED 120,000/yr12 months · AED 126 per sqft

1 Oct 2025

1 Oct 2025RentedRenewal

AED 125,000/yr12 months · AED 131 per sqft

1 Oct 2025

1 Oct 2025RentedNew contract

AED 125,000/yr12 months · AED 131 per sqft

5 Sep 2019

5 Sep 2019Sold by developerOff-plan

AED 1,755,000AED 1,844 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type: 1-bed apartment
Size: 952 sqft
Floor: 57th of 63
Parking: P3-42
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 19,000 /yr
Last sold: AED 1.76M · September 2019
Building: Paramount Tower Hotel & Residences Downtown

About 5705A, Paramount Tower Hotel & Residences Downtown

5705A is a one-bedroom apartment of 952 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. The developer sold it on 5 September 2019 for AED 1,755,000, or AED 1,844 per sqft, 3% above the AED 1,786 one-beds in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 120,000 a year: a gross yield of 6.8% on the 2019 price, before the service charge of about AED 19,000 a year.

Sales and rents for 5705A over time

Sales

Unit 5705A, each saleTypical one-bed in Paramount Tower Hotel & Residences Downtown

5705A has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 5705A, each contractTypical one-bed in Paramount Tower Hotel & Residences Downtown

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 5705A sits

All 174 1-beds →

1-beds in Paramount Tower Hotel & Residences Downtown · last 12 months2,119 /sqft Paramount Tower Hotel & Residences Downtown · all types2,009 /sqft

5705A last sold in September 2019 at AED 1,844 per sqft, 3% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,786). 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. 5705A's AED 120,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

8 1-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 32 sold in the last 12 months.

Typical price per sqft: AED 2,009 Up 3.5%
Typical sale: AED 2.38M
Typical rent: AED 150K /yr
Typical yield: 6.6%

Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 57th floor

All 784 units in Paramount Tower Hotel & Residences Downtown


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
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

1–7 of 13

5705A, Paramount Tower Hotel & Residences Downtown in numbers

Sold once: by Namaa Properties Development on 5 September 2019 for AED 1,755,000, or AED 1,844 per sqft.
Rented since October 2025 on 3 Ejari contracts, from AED 125,000 to AED 120,000 a year.
At AED 120,000 a year the gross yield on the 2019 price is 6.8%, before a service charge of about AED 19,000 a year (AED 19.93 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 2,009 per sqft.

Source: Dubai Land Department. Updated 1 October 2026.

Questions about 5705A, Paramount Tower Hotel & Residences Downtown

What did unit 5705A last sell for?

AED 1,755,000 on 5 September 2019, sold by the developer: AED 1,844 per sqft for 952 sqft. It is the only registered sale of the unit.

What is the rent for unit 5705A?

AED 120,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2025, was AED 125,000; the unit has been rented since October 2025.

How big is unit 5705A?

952 sqft (88.4 sqm): a one-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.

What is unit 5705A 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 5705A, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.76M, 5 September 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,755,000
Deposit, UAE resident (20%): AED 351,000
Deposit, non-resident (40%): AED 702,000
Monthly over 25 years at 3.7%: AED 7,180

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →