5706, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2021, 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 5706, Paramount Tower Hotel & Residences Downtown
What is 5706 worth today?
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Source: Dubai Land Department. Updated 18 April 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 1,584 sqft
- Floor
- 57th of 63
- Parking
- P1-27
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.34M · April 2021
About 5706, Paramount Tower Hotel & Residences Downtown
5706 is a three-bedroom apartment of 1,584 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 18 April 2021 for AED 2,344,320, or AED 1,480 per sqft, 4% below the AED 1,539 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5706 over time
5706 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 5706 sits
All 78 3-beds →5706 last sold in April 2021 at AED 1,480 per sqft, 4% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,539). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 | |
| 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 | |
| 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 |
5706, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 18 April 2021 for AED 2,344,320, or AED 1,480 per sqft.
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 18 April 2021.
Questions about 5706, Paramount Tower Hotel & Residences Downtown
What did unit 5706 last sell for?
AED 2,344,320 on 18 April 2021, sold by the developer: AED 1,480 per sqft for 1,584 sqft. It is the only registered sale of the unit.
How big is unit 5706?
1,584 sqft (147.2 sqm): a three-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5706 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 5706, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.34M, 18 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,344,320
- Deposit, UAE resident (20%)
- AED 468,864
- Deposit, non-resident (40%)
- AED 937,728
- Monthly over 25 years at 3.7%
- AED 9,591
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →