1-bed · 952 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 59th floor · completed 2022

5905A, 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 July 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 5905A · DLD and Ejari recordsUpdated 31 October 2025

Last soldAED 1.77M7 July 2019

Current rentAED 92K /yr31 October 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5905A, Paramount Tower Hotel & Residences Downtown

Today

What is 5905A worth today?

Last sold for AED 1,774,000 in 2019

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31 Oct 2025

31 Oct 2025RentedRenewal

AED 92,400/yr12 months · AED 97 per sqft

31 Oct 2024

31 Oct 2024RentedRenewal

AED 88,000/yr12 months · AED 92 per sqft

31 Oct 2023

31 Oct 2023RentedRenewal

AED 80,000/yr12 months · AED 84 per sqft

31 Oct 2022

31 Oct 2022RentedNew contract

AED 80,000/yr12 months · AED 84 per sqft

7 Jul 2019

7 Jul 2019Sold by developerOff-plan

AED 1,774,000AED 1,864 per sqft

Source: Dubai Land Department. Updated 31 October 2025.

Key facts

Type: 1-bed apartment
Size: 952 sqft
Floor: 59th of 63
Parking: P3-16
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 19,000 /yr
Last sold: AED 1.77M · July 2019
Building: Paramount Tower Hotel & Residences Downtown

About 5905A, Paramount Tower Hotel & Residences Downtown

5905A is a one-bedroom apartment of 952 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 7 July 2019 for AED 1,774,000, or AED 1,864 per sqft, 3% above the AED 1,803 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 31 October 2025, is AED 92,400 a year: a gross yield of 5.2% on the 2019 price, before the service charge of about AED 19,000 a year.

Sales and rents for 5905A over time

Sales

Unit 5905A, each saleTypical one-bed in Paramount Tower Hotel & Residences Downtown

5905A has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 5905A, 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 5905A 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

5905A last sold in July 2019 at AED 1,864 per sqft, 3% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,803). 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. 5905A's AED 92,400 is in the lower 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
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
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

1–7 of 13

5905A, Paramount Tower Hotel & Residences Downtown in numbers

Sold once: by Namaa Properties Development on 7 July 2019 for AED 1,774,000, or AED 1,864 per sqft.
Rented since October 2022 on 4 Ejari contracts, from AED 80,000 to AED 92,400 a year.
At AED 92,400 a year the gross yield on the 2019 price is 5.2%, 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 31 October 2025.

Questions about 5905A, Paramount Tower Hotel & Residences Downtown

What did unit 5905A last sell for?

AED 1,774,000 on 7 July 2019, sold by the developer: AED 1,864 per sqft for 952 sqft. It is the only registered sale of the unit.

What is the rent for unit 5905A?

AED 92,400 a year on the contract renewed on 31 October 2025. The previous contract, from October 2024, was AED 88,000; the unit has been rented since October 2022.

How big is unit 5905A?

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

What is unit 5905A 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 5905A, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.77M, 7 July 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,774,000
Deposit, UAE resident (20%): AED 354,800
Deposit, non-resident (40%): AED 709,600
Monthly over 25 years at 3.7%: AED 7,258

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