Paramount Tower Hotel & Residences

Completed|881 units · 1 tower

Paramount Tower Hotel & Residences is a completed development by DAMAC in Business Bay, comprising 881 registered units. 1,068 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,981 per sqft. At AED 1,981 per sqft, Paramount Tower Hotel & Residences prices 19% above the Business Bay median of AED 1,659 per sqft on registered sales.

PIX© price · ↓0.7% YoY

2.01MAED

Typical

1,981AED

PSF

Gross yield

7.8%

PIX© rent ÷ PIX© price

Sale records

1,068

DLD · all time

Rent contracts

1,251

Ejari · all time

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai9 min · 2.9 km

DXB Airport13 min · 14.6 km

DIFC9 min · 4.0 km

Dubai Marina22 min · 20.5 km

Palm Jumeirah23 min · 22.9 km

Nearest · straight-line

Metro stationBusiness Bay0.6 km

Mallboticati0.3 km

SchoolRoland Barrientos0.2 km

HospitalEpilate Me0.2 km

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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 62

…

2 Bed on Floor 62, Paramount Tower Hotel & Residences

Size
Record: Jun 2020 to Aug 2026
Owners: 4
Tenants: 5
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
5Tenant 5	18 Aug 2026		Owner 4
4Tenant 4	22 Jul 2026	2 d	Ended early Owner 4
3Tenant 3	1 May 2025	12 mo	Owner 4
2Tenant 2	22 Apr 2025	12 mo	Owner 4
4Owner 4	6 Nov 2024	22 mo	Current owner
1Tenant 1	10 Oct 2023	10 mo	Renewal · Ended early Owner 3
1Tenant 1	10 Oct 2022	12 mo	Owner 3
3Owner 3	30 Sep 2022	2.1 yrs
2Owner 2	14 Apr 2022	6 mo
1Owner 1	2 Jun 2020	22 mo

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

2 Bed · Floor 62 · Paramount Tower Hotel & Residences

Nightly rateAED

Occupancy (237 nights)

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Paramount Tower Hotel & Residences1,981AED/sqft · project-wide

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	2.01M	1,981	↓0.7%		157K	7.8%
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	199					-	-
1 Bed · Hotel Apartment 843 - 1,052 sqft	71					-	-
2 Bed · Hotel Apartment 1,356 - 1,361 sqft	11	-	-	-		-	-
Commercial
Office 1,741 - 3,263 sqft	2	-	-	-	-	-	-
Shop 2,242 - 4,315 sqft	7	-	-	-	-	-	-
Warehouse 36 - 173 sqft	82	-	-	-	-	-	-

Sales - Project-Wide1,068 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
7 Sep 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 41	1,167	2,350,000	2,014	+7.6%	Standard	Standard Sale
13 Aug 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 29	1,364	2,725,000	1,998	+22.8%	Entry Level	Standard Sale
3 Jul 2026	Studio	Paramount Tower Hotel & Residences · Floor 23	477	777,215	1,631	-58.2%	Standard	Standard Sale

Rentals - Project-Wide1,251 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
4 Oct 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 60	1,190	145,000	122	-	Standard	CONTRACT
19 Sep 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 41	1,186	157,300	133	-	Standard	CERTIFICATE
15 Sep 2026	3 Bed	Paramount Tower Hotel & Residences · Floor 46	1,586	190,000	120	-	Standard	CONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Paramount Tower Hotel & Residences

Compared with

Meera

PIX© PSF

1,994

Rank

#10 of 35

#9 of 35

Typical price

2.25M

Yield

6.3%

Units

881

394

Sales

260

Rents

1,110

1,007

Developer

DAMAC

AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C)

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	SLS Dubai Hotel & Residences W O W REAL ESTATE DEVELOPMENT · Completed	1,307					245	906
	Urban Oasis DAR AL ARKAN PROPERTIES L.L.C · Completed	482					43	419
	Terraces Marasi Drive KEY MAVENS FOR REAL ESTATE DEVELOPMENT L.L.C · Completed	128					34	84
	Ahad Residences AHAD REAL ESTATE DEVELOPMENT L.L.C · Completed	357					108	545
	Meera AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	394					94	1,007
10	Paramount Tower Hotel & Residences DAMAC · Completed	881	1,994	Subject	2.25M	6.3%	260	1,110
	The Sterling West OMNIYAT PROPERTIES SEVENTEEN LIMITED · Completed	196					96	181
	Noura Tower AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	546					179	1,089
	Al Habtoor City AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	3,295					427	3,155
	SOL Bay S O L PROPERTIES DEVELOPMENT L.L.C · Completed	331					291	705
	Amna AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	562					154	999

Community median 1,659 AED/sqft. Showing the closest-ranked peers of 35 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 57 excluded for trading only in the off-plan market. 25 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

The Sterling WestAED 1,978/sqft
MeeraAED 2,077/sqft
Ahad ResidencesAED 2,096/sqft
Terraces Marasi DriveAED 2,109/sqft
Urban OasisAED 2,160/sqft
SLS Dubai Hotel & ResidencesAED 2,162/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 1,981 per sqft, or about AED 2,011,651 for a typical unit, based on 1,068 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.

Who is the developer of Paramount Tower Hotel & Residences?

Paramount Tower Hotel & Residences is developed by DAMAC, 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 7.8% gross, calculated from current PIX© rent against current PIX© sale price, across 1,251 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 fallen -0.7% over the last 12 months, to AED 1,981, across 1,068 registered sales.