5804, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in June 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5804, Paramount Tower Hotel & Residences Downtown
What is 5804 worth today?
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Source: Dubai Land Department. Updated 29 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 922 sqft
- Floor
- 58th of 63
- Parking
- P3-25
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 18,400 /yr
- Last sold
- AED 1.82M · June 2024
About 5804, Paramount Tower Hotel & Residences Downtown
5804 is a one-bedroom apartment of 922 sqft on the 58th floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. It last sold on 10 June 2024 for AED 1,820,000, or AED 1,975 per sqft, 13% below the AED 2,277 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 29 August 2024, is AED 89,847 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 18,400 a year.
Sales and rents for 5804 over time
5804 has sold twice; 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 5804 sits
All 174 1-beds →5804 last sold in June 2024 at AED 1,975 per sqft, 13% below what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,277). 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. 5804's AED 89,847 is at the bottom of that range.
| 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 58th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5801 | 2-bed | 1,341 sqft | AED 2.6MAED 2,600,000 · Dec 2025December 2025 | 187,646 /yr | |
| 5802 | 1-bed | 951 sqft | AED 1.77MAED 1,766,000 · Sep 2019September 2019 | 130,000 /yr | |
| 5803 | 1-bed | 871 sqft | AED 1.68MAED 1,680,000 · Oct 2022October 2022 | 120,000 /yr | |
| 5805 | 1-bed | 869 sqft | AED 2MAED 2,000,000 · Nov 2024November 2024 | 130,000 /yr | |
| 5806 | 3-bed | 1,584 sqft | AED 2.51MAED 2,514,758 · Nov 2021November 2021 | ||
| 5807 | 3-bed | 1,645 sqft | AED 2.84MAED 2,839,720 · Dec 2021December 2021 | 163,000 /yr | |
| 5808 | 3-bed | 1,644 sqft | AED 3.4MAED 3,400,000 · Jul 2024July 2024 | 100,000 /yr | |
| 5809 | 2-bed | 1,221 sqft | AED 2.14MAED 2,143,000 · Sep 2019September 2019 | 186,758 /yr | |
| 5810 | 2-bed | 1,190 sqft | AED 1.57MAED 1,570,800 · Jan 2020January 2020 | 160,000 /yr | |
| 5811 | 2-bed | 1,291 sqft | AED 2.33MAED 2,331,000 · Nov 2020November 2020 | 170,000 /yr | |
| 5812 | 1-bed | 683 sqft | AED 1.7MAED 1,700,000 · Apr 2025April 2025 | 119,678 /yr | |
| 5813 | 1-bed | 681 sqft | AED 1.55MAED 1,550,000 · Jun 2022June 2022 | 100,000 /yr | |
| 5805A | 1-bed | 952 sqft | AED 1.85MAED 1,850,000 · Mar 2024March 2024 | 120,000 /yr |
5804, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 4 April 2019 for AED 2,012,000, last on 10 June 2024 for AED 1,820,000 (AED 1,975 per sqft).
- Rented since August 2022 on 3 Ejari contracts, from AED 90,000 to AED 89,847 a year.
- At AED 89,847 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 18,400 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 2,005 per sqft.
Source: Dubai Land Department. Updated 29 August 2024.
Questions about 5804, Paramount Tower Hotel & Residences Downtown
What did unit 5804 last sell for?
AED 1,820,000 on 10 June 2024: AED 1,975 per sqft for 922 sqft. The unit has 2 registered sales; the first was AED 2,012,000 in April 2019.
What is the rent for unit 5804?
AED 89,847 a year on the contract signed on 29 August 2024. The previous contract, from August 2023, was AED 90,000; the unit has been rented since August 2022.
How big is unit 5804?
922 sqft (85.7 sqm): a one-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5804 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 5804, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.82M, 10 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,820,000
- Deposit, UAE resident (20%)
- AED 364,000
- Deposit, non-resident (40%)
- AED 728,000
- Monthly over 25 years at 3.7%
- AED 7,446
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →