5906, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5906, Paramount Tower Hotel & Residences Downtown
What is 5906 worth today?
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Source: Dubai Land Department. Updated 10 March 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,584 sqft
- Floor
- 59th of 63
- Parking
- P1-01
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 3M · December 2023
About 5906, Paramount Tower Hotel & Residences Downtown
5906 is a three-bedroom apartment of 1,584 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. It last sold on 8 December 2023 for AED 3,000,000, or AED 1,894 per sqft, 8% above the AED 1,761 three-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 10 March 2026, is AED 250,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 31,600 a year.
Sales and rents for 5906 over time
5906 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 5906 sits
All 78 3-beds →5906 last sold in December 2023 at AED 1,894 per sqft, 8% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,761). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 5906's AED 250,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 150K /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 | |
| 5905 | 1-bed | 869 sqft | AED 1.55MAED 1,546,820 · Oct 2021October 2021 | ||
| 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 |
5906, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 30 July 2019 for AED 2,915,000, last on 8 December 2023 for AED 3,000,000 (AED 1,894 per sqft).
- Rented since March 2025 on 2 Ejari contracts, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2023 price is 8.3%, before a service charge of about AED 31,600 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 10 March 2026.
Questions about 5906, Paramount Tower Hotel & Residences Downtown
What did unit 5906 last sell for?
AED 3,000,000 on 8 December 2023: AED 1,894 per sqft for 1,584 sqft. The unit has 2 registered sales; the first was AED 2,915,000 in July 2019.
What is the rent for unit 5906?
AED 250,000 a year on the contract renewed on 10 March 2026. The previous contract, from March 2025, was AED 250,000.
How big is unit 5906?
1,584 sqft (147.2 sqm): a three-bedroom apartment on the 59th floor of a 63-storey tower completed in 2022.
What is unit 5906 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 5906, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3M, 8 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,000,000
- Deposit, UAE resident (20%)
- AED 600,000
- Deposit, non-resident (40%)
- AED 1,200,000
- Monthly over 25 years at 3.7%
- AED 12,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →