Unit 5510, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 5510 at Paramount Tower Hotel & Residences is a 2 bed of 1,186 sq ft. It last sold for AED 1,566,706 on 31 Mar 2020. At AED 1,981 per sq ft, from 7 sales of units ending 10 (same position in the tower), it is worth about AED 2,350,000 today.

Value todayAED 2,350,000AED 2,176,000 to AED 2,418,000
Last saleAED 1,566,70631 Mar 2020 · Off-plan
Change since last sale+50.0% 
Rent (median asking, 2 bed)AED 160,000Gross yield 6.8%
Bedrooms2 bed
Size1,186 sq ft
Floor55 (from the unit number)
Position in the towerStack 10: units ending 10 share the same layout and view
BuildingParamount Tower Hotel & Residences by DAMAC Properties, handed over 2021
Registered sales of this unit1

Every registered sale of unit 5510

DatePriceSizeAED/sq ftType
31 Mar 2020AED 1,566,7061,186 sq ft1,321Off-plan

Units ending 10 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
351018 May 2026AED 2,000,000974 sq ft2,053Resale
511029 Jan 2026AED 2,450,0001,186 sq ft2,066Resale
38104 Aug 2025AED 2,400,0001,186 sq ft2,024Resale
301020 Jun 2025AED 1,850,000974 sq ft1,899Resale
381023 Jan 2025AED 1,818,0001,186 sq ft1,533Resale
51109 Dec 2024AED 2,350,0001,186 sq ft1,981Resale
42105 Nov 2024AED 2,100,0001,186 sq ft1,771Resale
53101 Oct 2024AED 2,400,0001,186 sq ft2,024Resale

Latest 2 bed sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
41027 Sep 2026AED 2,350,0001,167 sq ft2,014Resale
290713 Aug 2026AED 2,725,0001,364 sq ft1,998Resale
411129 Jun 2026AED 2,655,0001,290 sq ft2,058Resale
350725 Jun 2026AED 3,200,0001,364 sq ft2,346Resale
28076 May 2026AED 2,800,0001,364 sq ft2,053Resale
45026 Feb 2026AED 3,029,0001,167 sq ft2,596Resale
26115 Feb 2026AED 2,500,0001,324 sq ft1,888Resale
511029 Jan 2026AED 2,450,0001,186 sq ft2,066Resale

How we worked out the value

We took the 7 resale sales of units ending 10 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,981). We multiplied it by the size of this unit (1,186 sq ft). The range uses the middle half of those sales (AED 1,835 to AED 2,038 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 5510 at Paramount Tower Hotel & Residences worth?

About AED 2,350,000 (range AED 2,176,000 to AED 2,418,000), based on AED 1,981 per sq ft from registered sales up to 15 Oct 2026.

When did unit 5510 last sell?

31 Mar 2020, for AED 1,566,706 (off-plan). It has 1 registered sale.

What rent can unit 5510 make?

A 2 bed in Paramount Tower Hotel & Residences rents for about AED 160,000 a year (median asking rent). That is a gross yield of 6.8% on the estimate.

Sales alert for Paramount Tower Hotel & ResidencesAll sales in Paramount Tower Hotel & Residences

Unit 5509 · Unit 5511