Paramount Tower Hotel & Residences property prices & sales
Paramount Tower Hotel & Residences at a glance written from registered records
Paramount Tower Hotel & Residences recorded 36 registered sales in the last 12 months, worth AED 74.96M in total. The median price was AED 2,009 per sq ft, up 3.9% on the previous 12 months, and the median sale price was AED 2.37M. 0.0% of these sales were off-plan and 100.0% were ready properties. Across 296 rental contracts registered in the same period, the median annual rent was AED 160,000, an indicative gross yield of 6.8%.
Median price per sq ft by year registered sales
| Year | Sales | Median AED/sq ft | Median price |
|---|---|---|---|
| 2026 | 25 | 2,053 | AED 2.45M |
| 2025 | 50 | 1,941 | AED 2.09M |
| 2024 | 98 | 1,954 | AED 2.34M |
| 2023 | 126 | 1,840 | AED 2.10M |
| 2022 | 196 | 1,787 | AED 1.80M |
| 2021 | 131 | 1,613 | AED 1.92M |
| 2020 | 156 | 1,390 | AED 1.64M |
| 2019 | 150 | 1,780 | AED 1.53M |
| 2018 | 10 | 1,758 | AED 1.41M |
| 2017 | 14 | 2,007 | AED 2.20M |
| 2016 | 72 | 1,940 | AED 2.19M |
Prices by bedroom last 24 months · entry = lower quarter, premium = upper quarter
| Type | Sales | Entry | Typical | Premium | AED/sq ft | Typical size |
|---|---|---|---|---|---|---|
| 2 B/R | 46 | AED 2.35M | AED 2.40M | AED 2.60M | 1,941 | 1,290 sq ft |
| 1 B/R | 24 | AED 1.70M | AED 1.80M | AED 2.00M | 2,259 | 856 sq ft |
| Studio | 15 | AED 825,964 | AED 932,000 | AED 1.11M | 1,631 | 520 sq ft |
| 3 B/R | 11 | AED 2.92M | AED 2.98M | AED 3.19M | 1,810 | 1,644 sq ft |
Who's buying last 12 months
Cash vs mortgage is indicative: new mortgage registrations compared with sales in the same period.
Latest registered sales
| Date | Type | Beds | Building | Sq ft | Price | AED/sq ft |
|---|---|---|---|---|---|---|
| 2026-09-07 | Unit | 2 B/R | Paramount Tower Hotel & Residences | 1,167 | AED 2,350,000 | 2,014 |
| 2026-08-14 | Unit | 2 B/R | Paramount Tower Hotel & Residences | 1,364 | AED 2,725,000 | 1,998 |
| 2026-07-06 | Unit | Studio | Paramount Tower Hotel & Residences | 477 | AED 777,215 | 1,631 |
| 2026-06-29 | Unit | 2 B/R | Paramount Tower Hotel & Residences | 1,290 | AED 2,655,000 | 2,059 |
| 2026-06-25 | Unit | 2 B/R | Paramount Tower Hotel & Residences | 1,364 | AED 3,200,000 | 2,346 |
| 2026-06-16 | Unit | 1 B/R | Paramount Tower Hotel & Residences | 843 | AED 2,018,990 | 2,396 |
The full report lists every registered sale, with filters by bedroom and date. Open it free.
Questions about Paramount Tower Hotel & Residences
What is the average price per sq ft in Paramount Tower Hotel & Residences?
Over the last 12 months the median registered sale price in Paramount Tower Hotel & Residences was AED 2,009 per sq ft (+3.9% year on year).
What is the rental yield in Paramount Tower Hotel & Residences?
Comparing the median annual rent (AED 160,000) with the median sale price (AED 2,367,500) over the last 12 months gives an indicative gross yield of 6.8%.
How many properties sold in Paramount Tower Hotel & Residences in the last 12 months?
36 sales were registered in the last 12 months, 0.0% of them off-plan.
What is the average rent in Paramount Tower Hotel & Residences?
The median annual rent across 296 contracts registered in the last 12 months was AED 160,000.
Comparables in Business Bay 12m
Paramount Tower Hotel & Residences ranks #84 of 141 by price per sq ft.
| Project | Sales | AED/sq ft |
|---|---|---|
| HQ by ROVE | 329 | 4,674 |
| Avarra by Palace | 155 | 3,490 |
| Binghatti Skyrise | 392 | 2,938 |
| One by Binghatti | 208 | 2,938 |
| Downtown Residences | 364 | 2,770 |
| Al Habtoor Tower | 215 | 2,754 |
| Peninsula Three | 169 | 2,654 |
| Binghatti Aquarise | 577 | 2,625 |
| Peninsula Four | 212 | 2,515 |
| Tiger Sky Tower | 171 | 2,394 |
| Binghatti Skyhall | 228 | 2,364 |
| Paramount Tower Hotel & Residences | 36 | 2,009 |
| Damac Towers By Paramount | 151 | 1,489 |
Project record
| Developer | Namaa Properties Development L.L.C |
| Status | Finished |
| Completion | 100% |
| Handover | 2022-03-29 |
| Units | 799 |
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Data sourced from the Dubai Open Data portal (data.dubai) under the Dubai Open Data Licence; originating entity: Dubai Land Department. GetYaData is an independent service and is not affiliated with, endorsed by or associated with the Dubai Land Department or the Government of Dubai. Figures are indicative — not a valuation.
