5809, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in September 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5809, Paramount Tower Hotel & Residences Downtown
What is 5809 worth today?
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Source: Dubai Land Department. Updated 10 June 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 58th of 63
- Parking
- P3-28
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,300 /yr
- Last sold
- AED 2.14M · September 2019
About 5809, Paramount Tower Hotel & Residences Downtown
5809 is a two-bedroom apartment of 1,221 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. The developer sold it on 22 September 2019 for AED 2,143,000, or AED 1,755 per sqft, in line with the AED 1,781 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 10 June 2025, is AED 186,758 a year: a gross yield of 8.7% on the 2019 price, before the service charge of about AED 24,300 a year.
Sales and rents for 5809 over time
5809 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 5809 sits
All 329 2-beds →5809 last sold in September 2019 at AED 1,755 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,781). 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. 5809's AED 186,758 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 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 | |
| 5808 | 3-bed | 1,644 sqft | AED 3.4MAED 3,400,000 · Jul 2024July 2024 | 100,000 /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 |
5809, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 22 September 2019 for AED 2,143,000, or AED 1,755 per sqft.
- Rented since November 2022 on 5 Ejari contracts, from AED 140,000 to AED 186,758 a year.
- At AED 186,758 a year the gross yield on the 2019 price is 8.7%, before a service charge of about AED 24,300 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 10 June 2025.
Questions about 5809, Paramount Tower Hotel & Residences Downtown
What did unit 5809 last sell for?
AED 2,143,000 on 22 September 2019, sold by the developer: AED 1,755 per sqft for 1,221 sqft. It is the only registered sale of the unit.
What is the rent for unit 5809?
AED 186,758 a year on the contract signed on 10 June 2025. The previous contract, from June 2025, was AED 186,758; the unit has been rented since November 2022.
How big is unit 5809?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5809 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.
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Mortgage on 5809, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.14M, 22 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,143,000
- Deposit, UAE resident (20%)
- AED 428,600
- Deposit, non-resident (40%)
- AED 857,200
- Monthly over 25 years at 3.7%
- AED 8,768
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →