5812, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in April 2025, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5812, Paramount Tower Hotel & Residences Downtown
What is 5812 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 8 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 683 sqft
- Floor
- 58th of 63
- Parking
- P3-31
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.7M · April 2025
About 5812, Paramount Tower Hotel & Residences Downtown
5812 is a one-bedroom apartment of 683 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 8 April 2025 for AED 1,700,000, or AED 2,490 per sqft, 11% above the AED 2,235 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 6 October 2023, is AED 119,678 a year: a gross yield of 7.0% on the 2025 price, before the service charge of about AED 13,600 a year.
Sales and rents for 5812 over time
5812 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 5812 sits
All 174 1-beds →5812 last sold in April 2025 at AED 2,490 per sqft, 11% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,235). 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. 5812's AED 119,678 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 | |
| 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 | |
| 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 |
5812, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 2 September 2020 for AED 1,252,000, last on 8 April 2025 for AED 1,700,000 (AED 2,490 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 109,705 to AED 119,678 a year.
- At AED 119,678 a year the gross yield on the 2025 price is 7.0%, before a service charge of about AED 13,600 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 8 April 2025.
Questions about 5812, Paramount Tower Hotel & Residences Downtown
What did unit 5812 last sell for?
AED 1,700,000 on 8 April 2025: AED 2,490 per sqft for 683 sqft. The unit has 2 registered sales; the first was AED 1,252,000 in September 2020.
What is the rent for unit 5812?
AED 119,678 a year on the contract renewed on 6 October 2023. The previous contract, from October 2022, was AED 109,705.
How big is unit 5812?
683 sqft (63.5 sqm): a one-bedroom apartment on the 58th floor of a 63-storey tower completed in 2022.
What is unit 5812 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.
Selling 5812? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5812, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.7M, 8 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →