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Paramount Tower Hotel & Residences Project · Business Bay · prices, sales and rents

Registered prices, construction progress and the record across its buildings.

Developer: Namaa Properties Development

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Data to 5 November 2026

Registered sales
27
Last 12 months
Median ready price
AED 2,053
Per sq ft
Construction progress
100%
Completed

Dubai Land Department lists the project as completed on 29 March 2022. In the last 12 months, Dubai Land Department registered 27 sales in Paramount Tower Hotel & Residences, worth AED 66.5M in total. The median price of ready homes was 2,053 AED/sqft.

Source: Dubai Land Department open data, published on Dubai Data under the Dubai Data Open Data Licence: registered sales and new rent contracts. Medians use at least 5 transactions.

Abstract illustration, not an architectural rendering

A completed project.

Construction progress100%

Completed

Start
1 July 2015
DLD end date
29 March 2022
Completion
29 March 2022
Units
799
Buildings
1

Paramount Tower Hotel & Residences registered prices, over time.

Median registered price, AED per sq ft

Median price per sq ft of registered sales of apartments, by month. Months with fewer than 5 sales are left as gaps.
Show the figures
Month Ready (registered sales)
Nov 2023 1,792 AED/sqft 11 sales
Dec 2023 1,894 AED/sqft 9 sales
Jan 2024 — 3 sales
Feb 2024 1,864 AED/sqft 11 sales
Mar 2024 1,900 AED/sqft 9 sales
Apr 2024 — 4 sales
May 2024 1,738 AED/sqft 6 sales
Jun 2024 1,941 AED/sqft 7 sales
Jul 2024 1,792 AED/sqft 8 sales
Aug 2024 — 3 sales
Sep 2024 — 3 sales
Oct 2024 2,024 AED/sqft 5 sales
Nov 2024 1,841 AED/sqft 7 sales
Dec 2024 1,927 AED/sqft 10 sales
Jan 2025 — 2 sales
Feb 2025 — 3 sales
Mar 2025 1,753 AED/sqft 6 sales
Apr 2025 — 2 sales
May 2025 — 2 sales
Jun 2025 1,899 AED/sqft 7 sales
Jul 2025 — 3 sales
Aug 2025 — 4 sales
Sep 2025 — 3 sales
Oct 2025 — 1 sale
Nov 2025 — 4 sales
Dec 2025 — 2 sales
Jan 2026 2,066 AED/sqft 6 sales
Feb 2026 — 4 sales
Mar 2026 —
Apr 2026 —
May 2026 — 3 sales
Jun 2026 — 4 sales
Jul 2026 —
Aug 2026 — 1 sale
Sep 2026 — 1 sale
Oct 2026 — 2 sales

What does each home type sell and rent for in Paramount Tower Hotel & Residences?

  • Apartment · 1 bed

    Ready median price
    AED 1.8M
    Median yearly rent
    AED 105K
    Gross yield
    Rent only

  • Apartment · 2 beds

    Ready median price
    AED 2.6M
    Median yearly rent
    AED 160K
    Gross yield
    6.2%

  • Apartment · 3 beds

    Ready median price
    —
    Median yearly rent
    AED 220K
    Gross yield
    Rent only

Last 12 months. Medians of at least 5 registered sales or new rent contracts; the median price of all sales mixes ready and off-plan. Gross yield is the median new yearly rent over the ready median price, shown where a home type has at least 10 ready sales and 5 new rents (“rent only” otherwise), before service charges and other costs.

Service charges.

In the area report.

The Business Bay area report ranks the area’s projects by sales, each with its own owners’ association budget per sq ft a year where it publishes one, beside the area median by budget year.

See the Business Bay area report

The latest registered sales in Paramount Tower Hotel & Residences.

  • 15 Oct 2026

    Apartment3 bedsReady1,644 sqft

    AED 2,742,6511,668 AED/sqft

  • 15 Oct 2026

    Apartment1 bedReady679 sqft

    AED 1,400,0002,062 AED/sqft

  • 7 Sep 2026

    Apartment2 bedsReady1,167 sqft

    AED 2,350,0002,014 AED/sqft

  • 14 Aug 2026

    Apartment2 bedsReady1,364 sqft

    AED 2,725,0001,998 AED/sqft

  • 29 Jun 2026

    Apartment2 bedsReady1,290 sqft

    AED 2,655,0002,058 AED/sqft

  • 25 Jun 2026

    Apartment2 bedsReady1,364 sqft

    AED 3,200,0002,346 AED/sqft

  • 10 Jun 2026

    Apartment3 bedsReady1,644 sqft

    AED 3,000,0001,825 AED/sqft

  • 5 Jun 2026

    Apartment3 bedsReady1,644 sqft

    AED 2,794,3981,700 AED/sqft

  • 18 May 2026

    Apartment1 bedReady974 sqft

    AED 2,000,0002,053 AED/sqft

  • 8 May 2026

    Apartment1 bedReady681 sqft

    AED 1,650,0002,423 AED/sqft

Questions about Paramount Tower Hotel & Residences

What is the price per sq ft in Paramount Tower Hotel & Residences?

In the 12 months to 5 November 2026, the median registered sale price of ready homes was 2,053 AED/sqft.

How many homes were sold in Paramount Tower Hotel & Residences in the last 12 months?

In the last 12 months, Dubai Land Department registered 27 sales in Paramount Tower Hotel & Residences, worth AED 66.5M in total. The median price of ready homes was 2,053 AED/sqft. Registered sales to 5 November 2026.

What is the rent in Paramount Tower Hotel & Residences?

In the 12 months to 5 November 2026, Apartment · 2 beds was the most rented home type in Paramount Tower Hotel & Residences, at a median of AED 160,000 a year over 126 new contracts. Against its ready median price of AED 2,600,000, that is a gross yield of 6.2%, before service charges and other costs.

When was Paramount Tower Hotel & Residences completed?

Dubai Land Department lists the project as completed on 29 March 2022.

Where do these figures come from?

From Dubai Land Department open data, published on Dubai Data, to 5 November 2026: registered sales, new rent contracts and the project register. They are registered sales, not a valuation, and not investment advice.

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