1-bed · 951 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 59th floor · completed 2022

5902, Paramount Tower Hotel & Residences Downtown

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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.

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Unit 5902 · DLD and Ejari recordsUpdated 7 January 2026

Last soldAED 1.62M17 September 2019

Current rentAED 145K /yr7 January 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5902, Paramount Tower Hotel & Residences Downtown

Today

What is 5902 worth today?

Last sold for AED 1,618,841 in 2019

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7 Jan 2026

7 Jan 2026RentedNew contract

AED 145,000/yr12 months · AED 153 per sqft

7 Jul 2025

7 Jul 2025RentedRenewal

AED 95,000/yr6 months · AED 100 per sqft

7 Jul 2025

7 Jul 2025RentedRenewal

AED 95,000/yr6 months · AED 100 per sqft

7 Jul 2024

7 Jul 2024RentedRenewal

AED 90,000/yr12 months · AED 95 per sqft

7 Jul 2023

7 Jul 2023RentedRenewal

AED 90,000/yr12 months · AED 95 per sqft

7 Jul 2022

7 Jul 2022RentedNew contract

AED 90,000/yr12 months · AED 95 per sqft

17 Sep 2019

17 Sep 2019Sold by developerOff-plan

AED 1,618,841AED 1,701 per sqft

Source: Dubai Land Department. Updated 7 January 2026.

Key facts

Type: 1-bed apartment
Size: 951 sqft
Floor: 59th of 63
Parking: P3-12
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 19,000 /yr
Last sold: AED 1.62M · September 2019
Building: Paramount Tower Hotel & Residences Downtown

About 5902, Paramount Tower Hotel & Residences Downtown

5902 is a one-bedroom apartment of 951 sqft on the 59th 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 17 September 2019 for AED 1,618,841, or AED 1,701 per sqft, 5% below the AED 1,786 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 7 January 2026, is AED 145,000 a year: a gross yield of 9.0% on the 2019 price, before the service charge of about AED 19,000 a year.

Sales and rents for 5902 over time

Sales

Unit 5902, each saleTypical one-bed in Paramount Tower Hotel & Residences Downtown

5902 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 5902, each contractTypical one-bed in Paramount Tower Hotel & Residences Downtown

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 5902 sits

All 174 1-beds →

1-beds in Paramount Tower Hotel & Residences Downtown · last 12 months2,119 /sqft Paramount Tower Hotel & Residences Downtown · all types2,005 /sqft

5902 last sold in September 2019 at AED 1,701 per sqft, 5% below what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,786). 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. 5902's AED 145,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
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

8 1-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%

Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 59th floor

All 784 units in Paramount Tower Hotel & Residences Downtown


5901	2-bed	1,341 sqft	AED 2.43MAED 2,434,000 · Oct 2019October 2019	180,000 /yr
5903	1-bed	871 sqft	AED 1.48MAED 1,481,159 · Nov 2019November 2019	100,000 /yr
5904	1-bed	922 sqft	AED 1.75MAED 1,750,000 · Mar 2024March 2024	135,000 /yr
5905	1-bed	869 sqft	AED 1.55MAED 1,546,820 · Oct 2021October 2021
5906	3-bed	1,584 sqft	AED 3MAED 3,000,000 · Dec 2023December 2023	250,000 /yr
5907	3-bed	1,645 sqft	AED 3.23MAED 3,225,000 · Jul 2023July 2023	250,000 /yr
5908	3-bed	1,644 sqft	AED 2.75MAED 2,753,000 · Dec 2020December 2020	220,000 /yr
5909	2-bed	1,221 sqft	AED 2.05MAED 2,051,280 · Oct 2021October 2021	195,000 /yr
5910	2-bed	1,190 sqft	AED 2MAED 2,000,000 · Nov 2023November 2023	194,000 /yr
5911	2-bed	1,291 sqft	AED 2.34MAED 2,344,000 · Nov 2020November 2020	162,750 /yr
5912	1-bed	683 sqft	AED 1.26MAED 1,257,000 · Sep 2019September 2019
5913	1-bed	681 sqft	AED 1.25MAED 1,254,000 · Sep 2019September 2019	120,000 /yr
5905A	1-bed	952 sqft	AED 1.77MAED 1,774,000 · Jul 2019July 2019	92,400 /yr

1–7 of 13

5902, Paramount Tower Hotel & Residences Downtown in numbers

Sold once: by Namaa Properties Development on 17 September 2019 for AED 1,618,841, or AED 1,701 per sqft.
Rented since July 2022 on 6 Ejari contracts, from AED 90,000 to AED 145,000 a year.
At AED 145,000 a year the gross yield on the 2019 price is 9.0%, before a service charge of about AED 19,000 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 2026.

Questions about 5902, Paramount Tower Hotel & Residences Downtown

What did unit 5902 last sell for?

AED 1,618,841 on 17 September 2019, sold by the developer: AED 1,701 per sqft for 951 sqft. It is the only registered sale of the unit.

What is the rent for unit 5902?

AED 145,000 a year on the contract signed on 7 January 2026. The previous contract, from July 2025, was AED 95,000; the unit has been rented since July 2022.

How big is unit 5902?

951 sqft (88.4 sqm): a one-bedroom apartment on the 59th floor of a 63-storey tower completed in 2022.

What is unit 5902 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 5902, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.62M, 17 September 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,618,841
Deposit, UAE resident (20%): AED 323,768
Deposit, non-resident (40%): AED 647,536
Monthly over 25 years at 3.7%: AED 6,623

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →