Project · Transactions · 2023

Paramount Tower Hotel & Residences Property Transactions 2023

127 property sales worth ⃃ 265.25M were registered in Paramount Tower Hotel & Residences in 2023, 38.0% lower than 2022 by number of sales. The median sale price was ⃃ 2,100,000 and the median price per square foot ⃃ 1,844 (+2.5% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 127 salesUpdated: 17 Oct 2026
Property sales
127
−38.0% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 265.25M
−25.9% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,100,000
+17.5% vs 2022
127 sales
Median price per sq ft
⃃ 1,844
+2.5% vs 2022
127 sales

What types of property sold in Paramount Tower Hotel & Residences in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments127100%⃃ 265.25M⃃ 2,100,000⃃ 1,844

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)3023.6%⃃ 51.71M⃃ 1,594,000⃃ 2,371
Resale (secondary)9776.4%⃃ 213.55M⃃ 2,200,000⃃ 1,797
Ready127100%⃃ 265.25M⃃ 2,100,000⃃ 1,844

How many rental contracts were registered in Paramount Tower Hotel & Residences in 2023?

207 rental contracts (new and renewed) were registered in Paramount Tower Hotel & Residences in 2023, at a median annual rent of ⃃ 135,000 (+12.5% on 2022). Rental yields in Paramount Tower Hotel & Residences

What were the most expensive property sales in Paramount Tower Hotel & Residences in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
22/03/2023Paramount Tower Hotel & Residences3 beds · Apartment1,661 sq ft⃃ 4,000,000Resale · Ready
09/10/2023Paramount Tower Hotel & Residences3 beds · Apartment1,586 sq ft⃃ 3,300,000Resale · Ready
11/07/2023Paramount Tower Hotel & Residences3 beds · Apartment1,645 sq ft⃃ 3,225,000Resale · Ready
22/02/2023Paramount Tower Hotel & Residences2 beds · Apartment1,356 sq ft⃃ 3,058,000Resale · Ready
11/10/2023Paramount Tower Hotel & Residences2 beds · Apartment1,356 sq ft⃃ 3,058,000Primary · Ready
12/06/2023Paramount Tower Hotel & Residences3 beds · Apartment1,644 sq ft⃃ 3,000,000Resale · Ready
08/12/2023Paramount Tower Hotel & Residences3 beds · Apartment1,584 sq ft⃃ 3,000,000Resale · Ready
25/08/2023Paramount Tower Hotel & Residences3 beds · Apartment1,645 sq ft⃃ 2,995,000Resale · Ready
06/10/2023Paramount Tower Hotel & Residences3 beds · Apartment1,644 sq ft⃃ 2,950,000Resale · Ready
26/04/2023Paramount Tower Hotel & Residences3 beds · Apartment1,644 sq ft⃃ 2,950,000Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
27/12/2023Paramount Tower Hotel & Residences2 beds · Apartment1,328 sq ft⃃ 2,410,000Resale · Ready
27/12/2023Paramount Tower Hotel & Residences1 bed · Apartment965 sq ft⃃ 2,300,000Resale · Ready
25/12/2023Paramount Tower Hotel & Residences2 beds · Apartment1,221 sq ft⃃ 2,020,000Resale · Ready
21/12/2023Paramount Tower Hotel & ResidencesStudio · Apartment627 sq ft⃃ 2,035,000Resale · Ready
21/12/2023Paramount Tower Hotel & ResidencesStudio · Apartment520 sq ft⃃ 800,000Resale · Ready
11/12/2023Paramount Tower Hotel & Residences2 beds · Apartment1,168 sq ft⃃ 2,500,000Resale · Ready
11/12/2023Paramount Tower Hotel & Residences1 bed · Apartment974 sq ft⃃ 2,050,000Resale · Ready
08/12/2023Paramount Tower Hotel & Residences3 beds · Apartment1,584 sq ft⃃ 3,000,000Resale · Ready
06/12/2023Paramount Tower Hotel & Residences2 beds · Apartment1,168 sq ft⃃ 2,450,000Resale · Ready
06/12/2023Paramount Tower Hotel & Residences2 beds · Apartment1,364 sq ft⃃ 2,250,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/paramount-tower-hotel-residences/2023
Paramount Tower Hotel & Residences Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/paramount-tower-hotel-residences/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Paramount Tower Hotel & Residences in 2023?
127 property sales worth ⃃ 265,252,583 were registered in Paramount Tower Hotel & Residences in 2023. That is 38.0% lower than 2022.
What was the median property price in Paramount Tower Hotel & Residences in 2023?
The median sale price was ⃃ 2,100,000 and the median price per square foot ⃃ 1,844 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Paramount Tower Hotel & Residences were off-plan or from developers?
Developer (primary) sales were 23.6% of the 127 sales and resales 76.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/paramount-tower-hotel-residences/2023