5911, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2020, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5911, Paramount Tower Hotel & Residences Downtown
What is 5911 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 4 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,291 sqft
- Floor
- 59th of 63
- Parking
- P3-19
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.34M · November 2020
About 5911, Paramount Tower Hotel & Residences Downtown
5911 is a two-bedroom apartment of 1,291 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 9 November 2020 for AED 2,344,000, or AED 1,815 per sqft, 39% above the AED 1,310 two-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 4 January 2025, is AED 162,750 a year: a gross yield of 6.9% on the 2020 price, before the service charge of about AED 25,700 a year.
Sales and rents for 5911 over time
5911 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Paramount Tower Hotel & Residences Downtown, and where 5911 sits
All 329 2-beds →5911 last sold in November 2020 at AED 1,815 per sqft, 39% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,310). Over the last 12 months two-beds sold for AED 2,250,000 to 3,200,000, around AED 2,016 per sqft, and rent for AED 100,000 to 220,000 a year. 5911's AED 162,750 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 1,167 sqft | 2,350,000 | 2,013 | ||
| 13 Aug 202613 August 2026 | 1,364 sqft | 2,725,000 | 1,997 | ||
| 25 Jun 202625 June 2026 | 1,364 sqft | 3,200,000 | 2,346 | ||
| 6 May 20266 May 2026 | 1,364 sqft | 2,800,000 | 2,052 |
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 | |
| 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 | |
| 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 |
5911, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 9 November 2020 for AED 2,344,000, or AED 1,815 per sqft.
- Rented since October 2022 on 4 Ejari contracts, from AED 120,000 to AED 162,750 a year.
- At AED 162,750 a year the gross yield on the 2020 price is 6.9%, before a service charge of about AED 25,700 a year (AED 19.93 per sqft).
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000–3,200,000 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 4 January 2025.
Questions about 5911, Paramount Tower Hotel & Residences Downtown
What did unit 5911 last sell for?
AED 2,344,000 on 9 November 2020, sold by the developer: AED 1,815 per sqft for 1,291 sqft. It is the only registered sale of the unit.
What is the rent for unit 5911?
AED 162,750 a year on the contract renewed on 4 January 2025. The previous contract, from January 2025, was AED 162,750; the unit has been rented since October 2022.
How big is unit 5911?
1,291 sqft (119.9 sqm): a two-bedroom apartment on the 59th floor of a 63-storey tower completed in 2022.
What is unit 5911 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000 to 3,200,000 in the last 12 months, around AED 2,016 per sqft.
Selling 5911? 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 5911, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.34M, 9 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,344,000
- Deposit, UAE resident (20%)
- AED 468,800
- Deposit, non-resident (40%)
- AED 937,600
- Monthly over 25 years at 3.7%
- AED 9,590
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →