2-bed · 1,221 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 60th floor · completed 2022

6009, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold twice, last in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6009 · DLD and Ejari recordsUpdated 28 March 2022
Last soldAED 1.95M28 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6009, Paramount Tower Hotel & Residences Downtown

What is 6009 worth today?

Last sold for AED 1,950,000 in 2022

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28 Mar 2022SoldReady
AED 1,950,000AED 1,597 per sqft
3 Mar 2020Sold by developerOff-plan
AED 2,168,000AED 1,776 per sqft

Source: Dubai Land Department. Updated 28 March 2022.

Key facts

Type
2-bed apartment
Size
1,221 sqft
Floor
60th of 63
Parking
P3-06
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 24,300 /yr
Last sold
AED 1.95M · March 2022

About 6009, Paramount Tower Hotel & Residences Downtown

6009 is a two-bedroom apartment of 1,221 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 28 March 2022 for AED 1,950,000, or AED 1,597 per sqft, in line with the AED 1,580 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 6009 over time

Sales
Unit 6009, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown
2M2.5M20152018202120242027Typical sale price by year: 2015 AED 2,242,950; 2016 AED 2,208,745; 2017 AED 2,214,000; 2018 AED 2,293,890; 2019 AED 2,144,000; 2020 AED 1,660,497; 2021 AED 1,965,408; 2022 AED 2,000,050; 2023 AED 2,150,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,550,000Sold by developer, March 2020: AED 2,168,000 (AED 1,776 per sqft)Sold, March 2022: AED 1,950,000 (AED 1,597 per sqft)

6009 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 6009, each contractTypical two-bed in Paramount Tower Hotel & Residences Downtown
125K150K175K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 140,000; 2024 AED 166,500; 2025 AED 175,000; 2026 AED 155,000

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 6009 sits

All 329 2-beds →

6009 last sold in March 2022 at AED 1,597 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,580). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20262,350,000
13 Aug 20262,725,000
25 Jun 20263,200,000
6 May 20262,800,000
14 2-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
60063-bedAED 2.55M · Jan 2020
60073-bedAED 2.67M · Feb 2020
1–7 of 12

6009, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold twice: first on 3 March 2020 for AED 2,168,000, last on 28 March 2022 for AED 1,950,000 (AED 1,597 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 28 March 2022.

Questions about 6009, Paramount Tower Hotel & Residences Downtown

What did unit 6009 last sell for?

AED 1,950,000 on 28 March 2022: AED 1,597 per sqft for 1,221 sqft. The unit has 2 registered sales; the first was AED 2,168,000 in March 2020.

How big is unit 6009?

1,221 sqft (113.4 sqm): a two-bedroom apartment on the 60th floor of a 63-storey tower completed in 2022.

What is unit 6009 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 6009, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.95M, 28 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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