Paramount Tower Hotel & Residences, Business Bay: sale prices and transactions
Paramount Tower Hotel & Residences is a project registered with the Dubai Land Department (project no. 1665) in Business Bay. Since November 2015, 784 residential sales have been registered there, the latest in October 2026. Over the last 12 months, 28 sales closed at a median AED 21,917 per m² (AED 2,036 per sq ft).
- AED 21,917median price per m²
- AED 2,036median price per sq ft
- 784sales since 2015
- 28sales in 12 months
- +5.3%change year on year
Its price per m² is 14.1% below the Business Bay median (AED 25,523/m²). Sales combine off-plan purchases (55.6%) and resales of completed homes.
Paramount Tower Hotel & Residences prices by bedroom
Median sale price and median size, DLD sales over the last 12 months (at least 3 sales per row).
| Unit type | Sales | Median price | Median size |
|---|---|---|---|
| Apartment · 1 bedroom | 7 | AED 1,790,000 | 83 m² |
| Apartment · 2 bedrooms | 17 | AED 2,600,000 | 120 m² |
| Apartment · 3 bedrooms | 4 | AED 2,897,199 | 153 m² |
Paramount Tower Hotel & Residences price history
| Year | Sales | Median / m² | Median / sq ft | Change |
|---|---|---|---|---|
| 2019 | 110 | AED 18,869 | AED 1,753 | — |
| 2020 | 125 | AED 14,195 | AED 1,319 | -24.8% |
| 2021 | 110 | AED 16,959 | AED 1,576 | +19.5% |
| 2022 | 100 | AED 17,457 | AED 1,622 | +2.9% |
| 2023 | 92 | AED 19,332 | AED 1,796 | +10.7% |
| 2024 | 76 | AED 20,308 | AED 1,887 | +5% |
| 2025 | 39 | AED 20,899 | AED 1,942 | +2.9% |
| 2026 (to mid-October) | 21 | AED 22,112 | AED 2,054 | +5.8% |
Paramount Tower Hotel & Residences rents
294 Ejari contracts started in the project over the last 12 months. Indicative gross yield: 2 bedrooms 6.2%.
| Unit type | Contracts | Median annual rent | Middle 50% range | New leases |
|---|---|---|---|---|
| Apartment · 1 bedroom | 64 | AED 111,250 | 100,000 – 125,000 | AED 110,000 |
| Apartment · 2 bedrooms | 191 | AED 160,000 | 149,000 – 180,000 | AED 160,000 |
| Apartment · 3 bedrooms | 35 | AED 210,000 | 200,000 – 230,641 | AED 225,000 |
Location
- Nearest metro: Business Bay Metro Station
- Shopping mall: Dubai Mall
- Landmark: Burj Khalifa
Neighbouring projects in Business Bay
Same price per m² elsewhere in Dubai
- Mbl Residence, DMCC Master Community — AED 21,912/m²
- The Point, Dubai Marina — AED 21,909/m²
- Adeba Azizi, Dubai Health Care City Phase 2 — AED 21,965/m²
- Bayline, Mina Rashid — AED 21,888/m²
Other projects in Business Bay
- Binghatti Canal — AED 21,918/m²
- Marquise Square Tower — AED 21,810/m²
- Vyb — AED 21,786/m²
- Reva Residences — AED 21,734/m²
- SLS Dubai — AED 21,626/m²
- Terraces Marasi Drive — AED 21,368/m²
- J One — AED 21,203/m²
- The Sterling West House — AED 21,103/m²
Business Bay property prices · Business Bay rents · Dubai property prices
Frequently asked questions
What is the price per sq ft at Paramount Tower Hotel & Residences?
Over the last 12 months the median is AED 2,036 per sq ft (AED 21,917 per m²) across 28 DLD sales.
How much is a 1 bedroom at Paramount Tower Hotel & Residences?
Median sale price AED 1,790,000 for a median 83 m², across 7 sales over the last 12 months.
How many sales have been registered at Paramount Tower Hotel & Residences?
784 residential sales registered with the DLD between November 2015 and October 2026, 55.6% of them off-plan.
Where is Paramount Tower Hotel & Residences?
In Business Bay, Dubai; nearest metro station per the DLD: Business Bay Metro Station.
Sources and method
Sales: Dubai Land Department "Real Estate Transactions" dataset (data.dubai), registered residential sales (apartments, villas and townhouses) from October 16, 2025 to October 16, 2026 for the last 12 months. Price per m² = sale price / registered area; we use the median, which is less sensitive to unusual deals. 1 m² = 10.764 sq ft.
Rents: DLD "Rent Contracts" (Ejari) dataset (data.dubai), single-unit residential contracts starting between October 20, 2025 and October 20, 2026, median annual rent. The gross yield shown is the median rent divided by the median price of the same unit type: a market benchmark, before service charges and vacancy.
Data published under the Dubai Open Data Licence, downloaded on 20 October 2026 and analysed by Cevitas Real Estate. They describe past transactions and are not a valuation or investment advice.