5711, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in June 2020, and rented once, from May 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5711, Paramount Tower Hotel & Residences Downtown
What is 5711 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 25 May 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,291 sqft
- Floor
- 57th of 63
- Parking
- nan
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 1.6M · June 2020
About 5711, Paramount Tower Hotel & Residences Downtown
5711 is a two-bedroom apartment of 1,291 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 22 June 2020 for AED 1,600,000, or AED 1,239 per sqft, 6% below the AED 1,316 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 May 2023. The current contract, signed on 25 May 2023, is AED 192,000 a year: a gross yield of 12.0% on the 2020 price, before the service charge of about AED 25,700 a year.
Sales and rents for 5711 over time
5711 has sold once; 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 5711 sits
All 329 2-beds →5711 last sold in June 2020 at AED 1,239 per sqft, 6% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,316). 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. 5711's AED 192,000 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 | |||||
|---|---|---|---|---|---|
| 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 | ||
| 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 |
5711, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 22 June 2020 for AED 1,600,000, or AED 1,239 per sqft.
- Rented since May 2023 on one Ejari contract, at AED 192,000 a year.
- At AED 192,000 a year the gross yield on the 2020 price is 12.0%, before a service charge of about AED 25,700 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 25 May 2023.
Questions about 5711, Paramount Tower Hotel & Residences Downtown
What did unit 5711 last sell for?
AED 1,600,000 on 22 June 2020, sold by the developer: AED 1,239 per sqft for 1,291 sqft. It is the only registered sale of the unit.
What is the rent for unit 5711?
AED 192,000 a year on the contract signed on 25 May 2023.
How big is unit 5711?
1,291 sqft (119.9 sqm): a two-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5711 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.
Selling 5711? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5711, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.6M, 22 June 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →