3-bed · 1,584 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 60th floor · completed 2022

6006, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold once, by the developer in January 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6006 · DLD and Ejari recordsUpdated 30 January 2020
Last soldAED 2.55M30 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6006, Paramount Tower Hotel & Residences Downtown

What is 6006 worth today?

Last sold for AED 2,554,930 in 2020

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30 Jan 2020Sold by developerOff-plan
AED 2,554,930AED 1,613 per sqft

Source: Dubai Land Department. Updated 30 January 2020.

Key facts

Type
3-bed apartment
Size
1,584 sqft
Floor
60th of 63
Parking
P1-04
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 31,600 /yr
Last sold
AED 2.55M · January 2020

About 6006, Paramount Tower Hotel & Residences Downtown

6006 is a three-bedroom apartment of 1,584 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. The developer sold it on 30 January 2020 for AED 2,554,930, or AED 1,613 per sqft, 6% below the AED 1,716 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 6006 over time

Sales
Unit 6006, each saleTypical three-bed in Paramount Tower Hotel & Residences Downtown
2.5M3M3.5M20152018202120242027Typical sale price by year: 2015 AED 3,427,600; 2016 AED 3,077,875; 2019 AED 2,759,000; 2020 AED 2,613,433; 2021 AED 2,579,436; 2022 AED 2,755,519; 2023 AED 2,825,000; 2024 AED 2,910,000; 2025 AED 2,962,500; 2026 AED 2,897,199Sold by developer, January 2020: AED 2,554,930 (AED 1,613 per sqft)

6006 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 6006, each contractTypical three-bed in Paramount Tower Hotel & Residences Downtown
175K200K225K202220242026Typical rent by year: 2022 AED 167,500; 2023 AED 177,500; 2024 AED 205,000; 2025 AED 220,000; 2026 AED 210,000

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 6006 sits

All 78 3-beds →

6006 last sold in January 2020 at AED 1,613 per sqft, 6% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,716). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Oct 20262,742,651
9 Jun 20263,000,000
5 Jun 20262,794,398
5 Jan 20263,490,000
4 3-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 →
Value
60012-bedAED 2.5M · Feb 2024
60022-bedAED 2.45M · Jul 2024
60032-bedAED 2.1M · Dec 2022
60042-bedAED 2.07M · Sep 2023
60052-bedAED 2.5M · Dec 2023
60073-bedAED 2.67M · Feb 2020
60083-bedAED 3M · Jun 2026
1–7 of 12

6006, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold once: by Namaa Properties Development on 30 January 2020 for AED 2,554,930, or AED 1,613 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 30 January 2020.

Questions about 6006, Paramount Tower Hotel & Residences Downtown

What did unit 6006 last sell for?

AED 2,554,930 on 30 January 2020, sold by the developer: AED 1,613 per sqft for 1,584 sqft. It is the only registered sale of the unit.

How big is unit 6006?

1,584 sqft (147.2 sqm): a three-bedroom apartment on the 60th floor of a 63-storey tower completed in 2022.

What is unit 6006 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 6006, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 2.55M, 30 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,554,930
Deposit, UAE resident (20%)
AED 510,986
Deposit, non-resident (40%)
AED 1,021,972
Monthly over 25 years at 3.7%
AED 10,453

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