PARAMOUNT TOWER HOTEL & RESIDENCES
ResaleDeveloperNAMAA PROPERTIES DEVELOPMENT L.L.C
Community—
AreaBusiness Bay
Started
10 years 6 months ago01-07-2015
Handover
3 years 9 months ago29-03-2022
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3B+G+11P+4A+49+R HOTEL & RESIDENTIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-4%
DeclineCurrent:AED 1,916/sqft
Last 12M:AED 1,992/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 1,992/sqft
Prior Year:AED 1,890/sqft
Community Compare: Last 90DUnknown
At Market0%
Above AvgProject:AED 1,916/sqft
Community:AED 0/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
46Sold (Last 12M)
Supply & Demand Matrix
PARAMOUNT TOWER HOTEL & RESIDENCES averaged 6% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
205 units
5 sold200 left
2%
Velocity
1 Bedroom
176 units
14 sold162 left
8%
Velocity
2 Bedrooms
331 units
20 sold311 left
6%
Velocity
3 Bedrooms
78 units
7 sold71 left
9%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Office
2 units
0 sold2 left
0%
Velocity
Layouts & Units (799)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 36-56 | Inventory 6units 5 layouts · Typically 1 parking 5-22 sqm balcony | Size Range 466-692sqft | Price Range AED 1.0M - AED 1.1M | Avg PSF 2,009 | Sales 2 | Trend — | |
Asset Class 1 Bed FlatFloors 26-62 | Inventory 105units 22 layouts · Typically 1 parking 5-15 sqm balcony | Size Range 339-1,467sqft | Price Range AED 1.0M - AED 2.3M | Avg PSF 1,837 | Sales 49 | Trend — | |
Asset Class 2 Bed FlatFloors 26-63 | Inventory 320units 42 layouts · Typically 1 parking 5-28 sqm balcony | Size Range 516-1,620sqft | Price Range AED 871K - AED 3.0M | Avg PSF 1,642 | Sales 147 | Trend — | |
Asset Class 3 Bed FlatFloors 37-63 | Inventory 78units 10 layouts · Typically 1 parking 10-39 sqm balcony | Size Range 739-1,900sqft | Price Range AED 1.7M - AED 4.0M | Avg PSF 1,736 | Sales 40 | Trend — | |
Asset Class Building | Inventory 0units | Size Range 23,382-23,382sqft | Price Range AED 140.0M - AED 140.0M | Avg PSF 5,987 | Sales 1 | Trend — | |
Asset Class Hotel RoomsFloors 15-25 | Inventory 199units 8 layouts · Typically 1 parking 5-7 sqm balcony | Size Range 260-628sqft | Price Range AED 630K - AED 2.0M | Avg PSF 2,201 | Sales 14 | Trend — | |
Asset Class 1 Bed Hotel RoomsFloors 15-25 | Inventory 71units 12 layouts · Typically 1 parking 5-11 sqm balcony | Size Range 843-1,053sqft | Price Range AED 1.2M - AED 1.5M | Avg PSF 2,144 | Sales 4 | Trend — | |
Asset Class 2 Bed Hotel RoomsFloors 15-25 | Inventory 11units 2 layouts · Typically 1 parking ~8 sqm balcony | Size Range 1,356-1,370sqft | Price Range AED 1.9M - AED 1.9M | Avg PSF 2,070 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 660-1,586sqft | Price Range — | Avg PSF 4,176 | Sales 0 | Trend — | |
Asset Class OfficeFloor 15 | Inventory 2units 2 layouts 26-27 sqm balcony | Size Range 1,741-3,263sqft | Price Range — | Avg PSF — | Sales 0 | Trend — | |
Asset Class ShopPodium + Floors 13-64 | Inventory 7units 7 layouts | Size Range 310-7,700sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 11 asset classes covering 799 units