5712, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2019, 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 5712, Paramount Tower Hotel & Residences Downtown
What is 5712 worth today?
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Source: Dubai Land Department. Updated 10 November 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 683 sqft
- Floor
- 57th of 63
- Parking
- P3-36
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.24M · November 2019
About 5712, Paramount Tower Hotel & Residences Downtown
5712 is a one-bedroom apartment of 683 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 10 November 2019 for AED 1,244,000, or AED 1,822 per sqft, in line with the AED 1,777 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5712 over time
5712 has sold once; 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 5712 sits
All 174 1-beds →5712 last sold in November 2019 at AED 1,822 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,777). 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 | |
| 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 | |
| 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 |
5712, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 10 November 2019 for AED 1,244,000, or AED 1,822 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 10 November 2019.
Questions about 5712, Paramount Tower Hotel & Residences Downtown
What did unit 5712 last sell for?
AED 1,244,000 on 10 November 2019, sold by the developer: AED 1,822 per sqft for 683 sqft. It is the only registered sale of the unit.
How big is unit 5712?
683 sqft (63.5 sqm): a one-bedroom apartment on the 57th floor of a 63-storey tower completed in 2022.
What is unit 5712 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 5712, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.24M, 10 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,244,000
- Deposit, UAE resident (20%)
- AED 248,800
- Deposit, non-resident (40%)
- AED 497,600
- Monthly over 25 years at 3.7%
- AED 5,090
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →