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. 1,070 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,943 per sqft. At AED 1,943 per sqft, Paramount Tower Hotel & Residences prices 14% above the Business Bay median of AED 1,708 per sqft on registered sales.

PIX© price · ↓2.0% YoY

1.88MAED

Typical

1,943AED

PSF

Gross yield

8.4%

PIX© rent ÷ PIX© price

Sale records

1,070

DLD · all time

Rent contracts

1,307

Ejari · all time

Location data © OpenStreetMap contributors

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai9 min · 2.9 km

DXB Airport13 min · 14.6 km

DIFC10 min · 4.0 km

Dubai Marina22 min · 20.5 km

Palm Jumeirah22 min · 22.9 km

Nearby · straight-line

Metro stationBusiness Bay0.5 km

MallBay Avenue Mall0.3 km

SchoolJSS Private School1.3 km

HospitalMedcare Orthopaedics & Spine Hospital2.4 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	2.0 yrs	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 & Residences1,943AED/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	1.88M	1,943	↓2.0%		159K	8.4%
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-Wide1,070 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
15 Oct 2026	1 Bed	Paramount Tower Hotel & Residences · Floor 55	679	1,400,000	2,062	-22.2%	Standard	Standard Sale
15 Oct 2026	3 Bed	Paramount Tower Hotel & Residences · Floor 39	1,644	2,742,651	1,669	-7.0%	Standard	Standard Sale
7 Sep 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 41	1,167	2,350,000	2,014	+7.6%	Standard	Standard Sale

Rentals - Project-Wide1,307 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
11 Nov 2026	1 Bed	Paramount Tower Hotel & Residences · Floor 28	756	105,000	139	-	Standard	CONTRACT
1 Nov 2026	1 Bed	Paramount Tower Hotel & Residences · Floor 43	681	93,528	137	-	Entry Level	CONTRACT
1 Nov 2026	2 Bed	Paramount Tower Hotel & Residences · Floor 51	1,121	151,243	135	-	Standard	CONTRACT

Comparables

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

Map of comparable projects in this community

Location data © OpenStreetMap contributors

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare2 peers could not be placed

This project

Paramount Tower Hotel & Residences

Compared with

Peninsula Four

PIX© PSF

1,938

Rank

#11 of 35

#10 of 35

Typical price

2.15M

Yield

6.8%

Units

881

1,072

Sales

246

Rents

1,119

200

Developer

DAMAC

SELECT GLOBAL DEVELOPMENT 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					233	868
	Terraces Marasi Drive KEY MAVENS FOR REAL ESTATE DEVELOPMENT L.L.C · Completed	128					34	92
	Ahad Residences AHAD REAL ESTATE DEVELOPMENT L.L.C · Completed	357					112	573
	Meera AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	394					87	1,032
	Peninsula Four SELECT GLOBAL DEVELOPMENT L.L.C · Completed	1,072					26	200
11	Paramount Tower Hotel & Residences DAMAC · Completed	881	1,938	Subject	2.15M	6.8%	246	1,119
	The Sterling West OMNIYAT PROPERTIES SEVENTEEN LIMITED · Completed	196					98	192
	Amna AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	562					152	999
	Al Habtoor City AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	3,295					418	3,209
	Nobles Tower TIGER PROPERTIES · Completed	584					50	521
	Noura Tower AL HABTOOR CITY REAL ESTATE DEVELOPMENT (BR. OF DUBAI NATIONAL INVESTMENT CO L.L.C) · Completed	546					179	1,116

Community median 1,708 AED/sqft. Showing the closest-ranked peers of 35 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 56 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.

Peninsula FourAED 1,955/sqft
The Sterling WestAED 1,897/sqft
AmnaAED 1,834/sqft
Al Habtoor CityAED 1,813/sqft
MeeraAED 2,078/sqft
Ahad ResidencesAED 2,088/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 1,943 per sqft, or about AED 1,880,614 for a typical unit, based on 1,070 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 8.4% gross, calculated from current PIX© rent against current PIX© sale price, across 1,307 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 -2.0% over the last 12 months, to AED 1,943, across 1,070 registered sales.