Unit 5805A, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 5805A at Paramount Tower Hotel & Residences is a 1 bed of 952 sq ft. It last sold for AED 1,850,000 on 6 Mar 2024. At AED 2,119 per sq ft, from 8 sales in the building in the last 12 months (1 bed), it is worth about AED 2,017,000 today.

Value todayAED 2,017,000AED 1,943,000 to AED 2,287,000
Last saleAED 1,850,0006 Mar 2024 · Resale
Change since last sale+9.0%Building trend alone: AED 1,956,100
Rent (median asking, 1 bed)AED 115,000Gross yield 5.7%
Bedrooms1 bed
Size952 sq ft
BuildingParamount Tower Hotel & Residences by DAMAC Properties, handed over 2021
Registered sales of this unit1

Every registered sale of unit 5805A

DatePriceSizeAED/sq ftType
6 Mar 2024AED 1,850,000952 sq ft1,943Resale

Latest 1 bed sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
551315 Oct 2026AED 1,400,000679 sq ft2,062Resale
182716 Jun 2026AED 2,018,990843 sq ft2,395Resale
351018 May 2026AED 2,000,000974 sq ft2,053Resale
60138 May 2026AED 1,650,000681 sq ft2,423Resale
281519 Feb 2026AED 1,800,000898 sq ft2,004Resale
601216 Feb 2026AED 1,700,000683 sq ft2,489Resale
341511 Dec 2025AED 1,790,000898 sq ft1,993Resale
260919 Nov 2025AED 2,100,000965 sq ft2,176Resale

How we worked out the value

We took the 8 sales in Paramount Tower Hotel & Residences in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 2,119). We multiplied it by the size of this unit (952 sq ft). The range uses the middle half of those sales (AED 2,041 to AED 2,402 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,956,100. 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 5805A at Paramount Tower Hotel & Residences worth?

About AED 2,017,000 (range AED 1,943,000 to AED 2,287,000), based on AED 2,119 per sq ft from registered sales up to 15 Oct 2026.

When did unit 5805A last sell?

6 Mar 2024, for AED 1,850,000 (resale). It has 1 registered sale.

What rent can unit 5805A make?

A 1 bed in Paramount Tower Hotel & Residences rents for about AED 115,000 a year (median asking rent). That is a gross yield of 5.7% on the estimate.

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

Unit 5805 · Unit 5806