6007, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in February 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 6007, Paramount Tower Hotel & Residences Downtown
What is 6007 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 60th of 63
- Parking
- P1-05
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.67M · February 2020
About 6007, Paramount Tower Hotel & Residences Downtown
6007 is a three-bedroom apartment of 1,645 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 5 February 2020 for AED 2,666,365, or AED 1,621 per sqft, 5% below the AED 1,715 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 20 February 2025, is AED 220,000 a year: a gross yield of 8.3% on the 2020 price, before the service charge of about AED 32,800 a year.
Sales and rents for 6007 over time
6007 has sold once; 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 6007 sits
All 78 3-beds →6007 last sold in February 2020 at AED 1,621 per sqft, 5% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,715). 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. 6007's AED 220,000 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 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 | ||
| 6002 | 2-bed | 1,167 sqft | AED 2.45MAED 2,450,000 · Jul 2024July 2024 | 140,000 /yr | |
| 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 | ||
| 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 |
6007, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 5 February 2020 for AED 2,666,365, or AED 1,621 per sqft.
- Rented since October 2022 on 4 Ejari contracts, from AED 210,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2020 price is 8.3%, before a service charge of about AED 32,800 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 20 February 2025.
Questions about 6007, Paramount Tower Hotel & Residences Downtown
What did unit 6007 last sell for?
AED 2,666,365 on 5 February 2020, sold by the developer: AED 1,621 per sqft for 1,645 sqft. It is the only registered sale of the unit.
What is the rent for unit 6007?
AED 220,000 a year on the contract signed on 20 February 2025. The previous contract, from February 2025, was AED 220,000; the unit has been rented since October 2022.
How big is unit 6007?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 60th floor of a 63-storey tower completed in 2022.
What is unit 6007 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 6007, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.67M, 5 February 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,666,365
- Deposit, UAE resident (20%)
- AED 533,273
- Deposit, non-resident (40%)
- AED 1,066,546
- Monthly over 25 years at 3.7%
- AED 10,909
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →