Paramount Tower Hotel & Residences
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Paramount Tower Hotel & Residences is a completed apartment development by NAMAA PROPERTIES DEVELOPMENT L.L.C in Business Bay, comprising 881 registered units. 1,065 sales are registered with the Dubai Land Department, at a current PIX© price of AED 2,000 per sqft. At AED 2,000 per sqft, Paramount Tower Hotel & Residences prices 18% below the Business Bay average of AED 2,432 per sqft on registered sales.
Units
Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.
| Type | Units | PIX© Price | PIX© PSF | PSF YoY | Trend | PIX© Rent /yr | Yield |
|---|---|---|---|---|---|---|---|
PIX© Core Project-Wide 36 – 4,315 sqft | 881 | 2.27M | 2,000 | ↑0.3% | 148K | 6.5% | |
| Residential | |||||||
Studio · Apartment 466 – 692 sqft | 6 | — | — | — | |||
1 Bed · Apartment 676 – 1,120 sqft | 105 | ||||||
2 Bed · Apartment 1,040 – 1,415 sqft | 320 | ||||||
3 Bed · Apartment 1,478 – 1,900 sqft | 78 | ||||||
Studio · Hotel Apartment 476 – 627 sqft | — | — | — | ||||
1 Bed · Hotel Apartment 843 – 1,052 sqft | — | — | — | ||||
2 Bed · Hotel Apartment 1,356 – 1,361 sqft | — | — | — | — | — | — | |
Villa (Bedrooms Unknown) 23,382 sqft | — | — | — | — | — | — | |
| Hospitality | |||||||
Studio · Hotel Room 476 – 627 sqft | 199 | — | — | — | — | — | — |
1 Bed · Hotel Room 843 – 1,053 sqft | 71 | — | — | — | — | — | — |
2 Bed · Hotel Room 1,356 – 1,361 sqft | 11 | — | — | — | — | — | — |
| Commercial | |||||||
Office 1,741 – 3,263 sqft | 2 | — | — | — | — | — | — |
Shop 2,242 – 4,315 sqft | 7 | — | — | — | — | — | — |
Store 36 – 173 sqft | 82 | — | — | — | — | — | — |
| Floors | Median PSF |
|---|---|
| All floors | 101 sales |
| Floors 15-44 | 64 sales |
| Floors 45-62 | 37 sales |
| Date | Unit | Position | Size | Price | PSF | vs Prior Sale | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 13 Aug 2026 | 2 Bed | Floor 29 | 1,364 | 2,725,000 | 1,998 | — | Standard | Standard Sale |
| 3 Jul 2026 | Studio | Floor 23 | 477 | 777,215 | 1,631 | -58.2% | Standard | Standard Sale |
| 29 Jun 2026 | 2 Bed | Floor 41 | 1,290 | 2,655,000 | 2,059 | — | Standard | Standard Sale |
| Start Date | Unit | Position | Size | Rent / Yr | Rent PSF | vs Prior Rent | Tier | Type |
|---|---|---|---|---|---|---|---|---|
| 4 Oct 2026 | 2 Bed | — | 1,190 | 145,000 | 122 | — | Entry Level | renewal |
| 15 Aug 2026 | 1 Bed | Floor 41 | 681 | 95,000 | 140 | -24.0% | Entry Level | new |
| 15 Aug 2026 | 2 Bed | Floor 53 | 1,121 | 170,000 | 152 | +11.8% | Standard | new |
Comparables
How this project prices against its peers, ranked by PIX© price per square foot.
Comparable projects in Business Bay
The closest-priced registered projects in Business Bay.
- VYBAED 1,997/sqft
- Canal BayAED 1,995/sqft
- Reva ResidencesAED 1,993/sqft
- Silver TowerAED 2,013/sqft
- Regal TowerAED 1,985/sqft
- Binghatti CanalAED 2,023/sqft
Common questions about Paramount Tower Hotel & Residences
Answered from Dubai Land Department registered transactions.
How much does a property in Paramount Tower Hotel & Residences cost?
Property in Paramount Tower Hotel & Residences sells at a current PIX© price of AED 2,000 per sqft, or about AED 2,270,791 for a typical unit, based on 1,065 sales registered with the Dubai Land Department.
Is Paramount Tower Hotel & Residences completed?
Yes. Paramount Tower Hotel & Residences is recorded as completed in the Dubai Land Department project register (completed q1 2022).
Who is the developer of Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences is developed by NAMAA PROPERTIES DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.
What is the rental yield in Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences yields 6.5% gross, calculated from current PIX© rent against current PIX© sale price, across 1,226 registered Ejari contracts.
How many units are in Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences holds 881 registered units, per the Dubai Land Department unit register.
Have prices in Paramount Tower Hotel & Residences gone up or down?
Price per sqft has risen +0.3% over the last 12 months, to AED 2,000, across 1,065 registered sales.