5905, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5905, Paramount Tower Hotel & Residences Downtown
What is 5905 worth today?
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Source: Dubai Land Department. Updated 5 October 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 869 sqft
- Floor
- 59th of 63
- Parking
- P3-15
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 17,300 /yr
- Last sold
- AED 1.55M · October 2021
About 5905, Paramount Tower Hotel & Residences Downtown
5905 is a one-bedroom apartment of 869 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 5 October 2021 for AED 1,546,820, or AED 1,780 per sqft, in line with the AED 1,745 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5905 over time
5905 has sold once; 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 5905 sits
All 174 1-beds →5905 last sold in October 2021 at AED 1,780 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,745). 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.
| 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 59th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5901 | 2-bed | 1,341 sqft | AED 2.43MAED 2,434,000 · Oct 2019October 2019 | 180,000 /yr | |
| 5902 | 1-bed | 951 sqft | AED 1.62MAED 1,618,841 · Sep 2019September 2019 | 145,000 /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 | |
| 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 |
5905, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 5 October 2021 for AED 1,546,820, or AED 1,780 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 5 October 2021.
Questions about 5905, Paramount Tower Hotel & Residences Downtown
What did unit 5905 last sell for?
AED 1,546,820 on 5 October 2021, sold by the developer: AED 1,780 per sqft for 869 sqft. It is the only registered sale of the unit.
How big is unit 5905?
869 sqft (80.7 sqm): a one-bedroom apartment on the 59th floor of a 63-storey tower completed in 2022.
What is unit 5905 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 5905, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.55M, 5 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,546,820
- Deposit, UAE resident (20%)
- AED 309,364
- Deposit, non-resident (40%)
- AED 618,728
- Monthly over 25 years at 3.7%
- AED 6,329
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →