5808, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in July 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5808, Paramount Tower Hotel & Residences Downtown
What is 5808 worth today?
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Source: Dubai Land Department. Updated 25 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 58th of 63
- Parking
- P11-34
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 3.4M · July 2024
About 5808, Paramount Tower Hotel & Residences Downtown
5808 is a three-bedroom apartment of 1,644 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 2 July 2024 for AED 3,400,000, or AED 2,068 per sqft, 15% above the AED 1,794 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 25 November 2024. The current contract, signed on 25 November 2024, is AED 100,000 a year: a gross yield of 2.9% on the 2024 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5808 over time
5808 has sold twice; 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 5808 sits
All 78 3-beds →5808 last sold in July 2024 at AED 2,068 per sqft, 15% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,794). 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. 5808's AED 100,000 is in the lower 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 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 | |
| 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 | |
| 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 |
5808, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 18 November 2020 for AED 2,560,500, last on 2 July 2024 for AED 3,400,000 (AED 2,068 per sqft).
- Rented since November 2024 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2024 price is 2.9%, 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 25 November 2024.
Questions about 5808, Paramount Tower Hotel & Residences Downtown
What did unit 5808 last sell for?
AED 3,400,000 on 2 July 2024: AED 2,068 per sqft for 1,644 sqft. The unit has 2 registered sales; the first was AED 2,560,500 in November 2020.
What is the rent for unit 5808?
AED 100,000 a year on the contract signed on 25 November 2024.
How big is unit 5808?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5808 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 5808, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.4M, 2 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,400,000
- Deposit, UAE resident (20%)
- AED 680,000
- Deposit, non-resident (40%)
- AED 1,360,000
- Monthly over 25 years at 3.7%
- AED 13,910
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →