5805, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in November 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 5805, Paramount Tower Hotel & Residences Downtown
What is 5805 worth today?
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Source: Dubai Land Department. Updated 7 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 869 sqft
- Floor
- 58th of 63
- Parking
- P3-26
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 17,300 /yr
- Last sold
- AED 2M · November 2024
About 5805, Paramount Tower Hotel & Residences Downtown
5805 is a one-bedroom apartment of 869 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 29 November 2024 for AED 2,000,000, or AED 2,301 per sqft, in line with the AED 2,301 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 7 January 2025, is AED 130,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 17,300 a year.
Sales and rents for 5805 over time
5805 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 5805 sits
All 174 1-beds →5805 last sold in November 2024 at AED 2,301 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,301). 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. 5805's AED 130,000 is in the upper half 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 | |
| 5804 | 1-bed | 922 sqft | AED 1.82MAED 1,820,000 · Jun 2024June 2024 | 89,847 /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 |
5805, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 3 April 2019 for AED 2,093,000, last on 29 November 2024 for AED 2,000,000 (AED 2,301 per sqft).
- Rented since September 2022 on 3 Ejari contracts, from AED 80,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 17,300 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 7 January 2025.
Questions about 5805, Paramount Tower Hotel & Residences Downtown
What did unit 5805 last sell for?
AED 2,000,000 on 29 November 2024: AED 2,301 per sqft for 869 sqft. The unit has 2 registered sales; the first was AED 2,093,000 in April 2019.
What is the rent for unit 5805?
AED 130,000 a year on the contract signed on 7 January 2025. The previous contract, from September 2023, was AED 80,000; the unit has been rented since September 2022.
How big is unit 5805?
869 sqft (80.7 sqm): a one-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5805 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 5805, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2M, 29 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →