5811, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5811, Paramount Tower Hotel & Residences Downtown
What is 5811 worth today?
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Source: Dubai Land Department. Updated 29 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,291 sqft
- Floor
- 58th of 63
- Parking
- P3-30
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.33M · November 2020
About 5811, Paramount Tower Hotel & Residences Downtown
5811 is a two-bedroom apartment of 1,291 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 15 November 2020 for AED 2,331,000, or AED 1,805 per sqft, 38% above the AED 1,310 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 29 January 2026, is AED 170,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 25,700 a year.
Sales and rents for 5811 over time
5811 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 5811 sits
All 329 2-beds →5811 last sold in November 2020 at AED 1,805 per sqft, 38% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,310). 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. 5811's AED 170,000 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 | |
| 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 | |
| 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 |
5811, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 15 November 2020 for AED 2,331,000, or AED 1,805 per sqft.
- Rented since April 2023 on 5 Ejari contracts, from AED 135,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 25,700 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 29 January 2026.
Questions about 5811, Paramount Tower Hotel & Residences Downtown
What did unit 5811 last sell for?
AED 2,331,000 on 15 November 2020, sold by the developer: AED 1,805 per sqft for 1,291 sqft. It is the only registered sale of the unit.
What is the rent for unit 5811?
AED 170,000 a year on the contract renewed on 29 January 2026. The previous contract, from January 2025, was AED 170,000; the unit has been rented since April 2023.
How big is unit 5811?
1,291 sqft (119.9 sqm): a two-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5811 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 5811, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.33M, 15 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,331,000
- Deposit, UAE resident (20%)
- AED 466,200
- Deposit, non-resident (40%)
- AED 932,400
- Monthly over 25 years at 3.7%
- AED 9,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →