6002, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in July 2024, and rented once, from July 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 6002, Paramount Tower Hotel & Residences Downtown
What is 6002 worth today?
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Source: Dubai Land Department. Updated 17 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 60th of 63
- Parking
- P3-02
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.45M · July 2024
About 6002, Paramount Tower Hotel & Residences Downtown
6002 is a two-bedroom apartment of 1,167 sqft on the 60th 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 17 July 2024 for AED 2,450,000, or AED 2,099 per sqft, 17% above the AED 1,788 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 17 July 2023. The current contract, signed on 17 July 2023, is AED 140,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 23,300 a year.
Sales and rents for 6002 over time
6002 has sold twice; 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 6002 sits
All 329 2-beds →6002 last sold in July 2024 at AED 2,099 per sqft, 17% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,788). 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. 6002's AED 140,000 is in the lower 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 60th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 6001 | 2-bed | 1,341 sqft | AED 2.5MAED 2,500,000 · Feb 2024February 2024 | ||
| 6003 | 2-bed | 1,121 sqft | AED 2.1MAED 2,100,000 · Dec 2022December 2022 | ||
| 6004 | 2-bed | 1,121 sqft | AED 2.07MAED 2,070,000 · Sep 2023September 2023 | 180,000 /yr | |
| 6005 | 2-bed | 1,168 sqft | AED 2.5MAED 2,500,000 · Dec 2023December 2023 | 220,000 /yr | |
| 6006 | 3-bed | 1,584 sqft | AED 2.55MAED 2,554,930 · Jan 2020January 2020 | ||
| 6007 | 3-bed | 1,645 sqft | AED 2.67MAED 2,666,365 · Feb 2020February 2020 | 220,000 /yr | |
| 6008 | 3-bed | 1,644 sqft | AED 3MAED 3,000,000 · Jun 2026June 2026 | 210,000 /yr | |
| 6009 | 2-bed | 1,221 sqft | AED 1.95MAED 1,950,000 · Mar 2022March 2022 | ||
| 6010 | 2-bed | 1,190 sqft | AED 1.9MAED 1,901,700 · May 2020May 2020 | 145,000 /yr | |
| 6011 | 2-bed | 1,291 sqft | AED 2.04MAED 2,040,000 · Jan 2023January 2023 | 185,000 /yr | |
| 6012 | 1-bed | 683 sqft | AED 1.7MAED 1,700,000 · Feb 2026February 2026 | ||
| 6013 | 1-bed | 681 sqft | AED 1.65MAED 1,650,000 · May 2026May 2026 |
6002, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 17 March 2020 for AED 1,622,130, last on 17 July 2024 for AED 2,450,000 (AED 2,099 per sqft).
- Rented since July 2023 on one Ejari contract, at AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 23,300 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 17 July 2024.
Questions about 6002, Paramount Tower Hotel & Residences Downtown
What did unit 6002 last sell for?
AED 2,450,000 on 17 July 2024: AED 2,099 per sqft for 1,167 sqft. The unit has 2 registered sales; the first was AED 1,622,130 in March 2020.
What is the rent for unit 6002?
AED 140,000 a year on the contract signed on 17 July 2023.
How big is unit 6002?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 60th floor of a 63-storey tower completed in 2022.
What is unit 6002 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.
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Mortgage on 6002, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.45M, 17 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,450,000
- Deposit, UAE resident (20%)
- AED 490,000
- Deposit, non-resident (40%)
- AED 980,000
- Monthly over 25 years at 3.7%
- AED 10,024
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →