Paramount Tower Hotel & Residences

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by DAMAC
881
Total Units
786
Sold
AED 1,865,300
Median Price
AED 1,870
Median Price /sqft
Construction progress: 100%
Start: Jun, 2015Completion: Nov, 2021

Paramount Tower Hotel & Residences Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio205470 sqft - 690 sqftAED 0.8M (1,600 /sqft)AED 2,500 /sqft
-36.16
1 Bed176680 sqft - 1,120 sqftAED 1.8M (2,180 /sqft)AED 2,420 /sqft
-10.13
2 Beds3311,040 sqft - 1,420 sqftAED 2.6M (2,020 /sqft)AED 2,420 /sqft
-16.49
3 Beds781,480 sqft - 1,900 sqftAED 3M (1,820 /sqft)AED 2,430 /sqft
-24.91

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
StudioApartment, 181718520 sqft4.64 sqft Check Availability
1Apartment, 1924191,049 sqft11.04 sqft Check Availability
1Apartment, 2024201,049 sqft11.04 sqft Check Availability
StudioApartment, 200620520 sqft4.64 sqft Check Availability
2Apartment, 4703471,121 sqft11.18 sqft Check Availability
Commercial, 26SR-0136 sqftCheck Availability
Commercial, 26SR-0297 sqftCheck Availability
Commercial, 27SR-0154 sqftCheck Availability
Commercial, 27SR-0297 sqftCheck Availability
Commercial, 28SR-0154 sqftCheck Availability
Commercial, 28SR-0297 sqftCheck Availability
Commercial, 29SR-0154 sqftCheck Availability
Commercial, 29SR-0297 sqftCheck Availability
Commercial, 30SR-0154 sqftCheck Availability
Commercial, 30SR-0297 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment1,050 sqft10.2 sqft 15AED 2,489,000AED 2,370 /sqft 24, Jan 2024
2Apartment1,361 sqft8.44 sqft 15AED 3,093,000AED 2,273 /sqft 22, Aug 2022
StudioApartment522 sqft4.64 sqft 15AED 1,298,000AED 2,487 /sqft 27, Oct 2022
StudioApartment520 sqft4.65 sqft 15AED 1,295,000AED 2,490 /sqft 25, Sep 2023
StudioApartment520 sqft4.64 sqft 15AED 1,199,000AED 2,306 /sqft 03, Feb 2020
StudioApartment520 sqft4.64 sqft 15AED 1,199,000AED 2,306 /sqft 08, Feb 2020
StudioApartment518 sqft4.64 sqft 15AED 1,194,000AED 2,305 /sqft 16, Jan 2020
StudioApartment520 sqft4.64 sqft 15AED 1,100,000AED 2,115 /sqft 16, Aug 2021
StudioApartment520 sqft4.64 sqft 15AED 1,098,000AED 2,112 /sqft 13, Sep 2021
StudioApartment520 sqft4.64 sqft 15AED 847,000AED 1,629 /sqft 25, Jul 2022
StudioApartment520 sqft4.65 sqft 15AED 821,443AED 1,580 /sqft 19, Feb 2026
1Apartment1,049 sqft11.04 sqft 16AED 2,486,000AED 2,370 /sqft 06, May 2024
1Apartment1,048 sqft9.08 sqft 16AED 2,484,000AED 2,370 /sqft 06, May 2024
1Apartment1,052 sqft10.2 sqft 16AED 2,397,120AED 2,279 /sqft 03, May 2024
1Apartment1,003 sqft9.26 sqft 16AED 2,379,000AED 2,372 /sqft 14, Mar 2023

Paramount Tower Hotel & Residences Real Estate Data – FAQ

  • What is the current property supply in Paramount Tower Hotel & Residences?

    Paramount Tower Hotel & Residences has a total residential supply of approximately 116 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Paramount Tower Hotel & Residences?

    Paramount Tower Hotel & Residences recorded 36 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Paramount Tower Hotel & Residences?

    The median transaction price in Paramount Tower Hotel & Residences is AED 2,010 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Paramount Tower Hotel & Residences?

    The gross rental yield in Paramount Tower Hotel & Residences is approximately 8%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Paramount Tower Hotel & Residences?

    Property prices in Paramount Tower Hotel & Residences have shown a capital appreciation of 6% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Paramount Tower Hotel & Residences?

    There are currently 0 active off-plan projects in Paramount Tower Hotel & Residences, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Paramount Tower Hotel & Residences?

    The total off-plan pipeline in Paramount Tower Hotel & Residences includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Paramount Tower Hotel & Residences a good area for property investment?

    Paramount Tower Hotel & Residences is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Paramount Tower Hotel & Residences, this is %, indicating relatively strong income performance compared to global markets.

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