5708, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5708, Paramount Tower Hotel & Residences Downtown
What is 5708 worth today?
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Source: Dubai Land Department. Updated 20 July 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 57th of 63
- Parking
- P1-29
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.72M · December 2020
About 5708, Paramount Tower Hotel & Residences Downtown
5708 is a three-bedroom apartment of 1,644 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 14 December 2020 for AED 2,719,000, or AED 1,654 per sqft, 4% above the AED 1,585 three-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 20 July 2025, is AED 220,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5708 over time
5708 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 5708 sits
All 78 3-beds →5708 last sold in December 2020 at AED 1,654 per sqft, 4% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,585). 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. 5708's AED 220,000 is in the upper half of that range.
| 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 | |
| 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 | |
| 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 |
5708, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 14 December 2020 for AED 2,719,000, or AED 1,654 per sqft.
- Rented since July 2024 on 2 Ejari contracts, at AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 32,800 a year (AED 19.93 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 20 July 2025.
Questions about 5708, Paramount Tower Hotel & Residences Downtown
What did unit 5708 last sell for?
AED 2,719,000 on 14 December 2020, sold by the developer: AED 1,654 per sqft for 1,644 sqft. It is the only registered sale of the unit.
What is the rent for unit 5708?
AED 220,000 a year on the contract renewed on 20 July 2025. The previous contract, from July 2024, was AED 220,000.
How big is unit 5708?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5708 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 5708, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.72M, 14 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,719,000
- Deposit, UAE resident (20%)
- AED 543,800
- Deposit, non-resident (40%)
- AED 1,087,600
- Monthly over 25 years at 3.7%
- AED 11,124
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →