Paramount Tower Hotel & Residences, Business Bay

    Sold Prices · DLD Data

    Paramount Tower Hotel & Residences

    Business Bay, Dubai

    AED 2,036

    Avg Price / sqft

    AED 2.2M

    Avg Sale Price

    24

    DLD Sales Recorded

    6.3%

    Est. Gross Yield

    View listings Explore Business Bay

    Market snapshot

    Paramount Tower Hotel & Residences — the numbers

    Paramount Tower Hotel & Residences is a residential building in Business Bay, Dubai with approximately 799 units. Dubai Land Department records show 24 sales in the building, at an average price of AED 2.2M — around AED 2,036 per square foot.

    Since January 2026, 22 sales completed in Paramount Tower Hotel & Residences, with the average price per square foot moving from AED 2,032 to AED 2,065 (+1.6%). Prices have held broadly steady, a sign of a balanced market in the tower.

    Benchmarked against average residential rents in Business Bay, a typical unit in Paramount Tower Hotel & Residences returns an estimated 6.3% gross rental yield before service charges — a useful starting point for investors comparing towers across Business Bay.

    Figures are from Dubai Land Department transaction records for Paramount Tower Hotel & Residences; individual units vary by floor, view and finish. Gross yield is estimated against average Business Bay residential rents, before service charges.

    Price trend

    Price trend in Paramount Tower Hotel & Residences

    Average sale price per sqft by month since January 2026 (single-sale months excluded)+1.6%

    1,9622,0542,145Jan 26: AED 2,032/sqft · 6 salesJan 26Feb 26: AED 2,175/sqft · 6 salesFeb 26May 26: AED 1,932/sqft · 5 salesMay 26Jun 26: AED 2,065/sqft · 5 salesJun 26

    Unit types

    Prices by unit type

    Studio

    AED 937K

    AED 1,766/sqft

    5 sales · last 12 months

    1 Bed

    AED 1.8M

    AED 2,274/sqft

    5 sales · last 12 months

    2 Bed

    AED 2.7M

    AED 2,092/sqft

    11 sales · last 12 months

    3 Bed

    AED 3.1M

    AED 1,882/sqft

    3 sales · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    13 Aug 2026Sales21,364AED 2.7MAED 1,998
    03 Jul 2026Sales0477AED 777KAED 1,631
    29 Jun 2026Sales21,290AED 2.7MAED 2,059
    25 Jun 2026Sales21,364AED 3.2MAED 2,346
    16 Jun 2026Sales1843AED 2.0MAED 2,396
    09 Jun 2026Sales31,644AED 3.0MAED 1,825
    05 Jun 2026Sales31,644AED 2.8MAED 1,700
    22 May 2026Sales0520AED 830KAED 1,596
    22 May 2026Sales0627AED 960KAED 1,531
    18 May 2026Sales1974AED 2.0MAED 2,054
    08 May 2026Sales1681AED 1.6MAED 2,423
    06 May 2026Sales21,364AED 2.8MAED 2,053
    24 Feb 2026Sales0520AED 1.3MAED 2,490
    19 Feb 2026Sales1898AED 1.8MAED 2,005
    19 Feb 2026Sales0520AED 821KAED 1,580
    16 Feb 2026Sales1683AED 1.7MAED 2,491
    06 Feb 2026Sales21,167AED 3.0MAED 2,596
    05 Feb 2026Sales21,324AED 2.5MAED 1,888
    29 Jan 2026Sales21,186AED 2.5MAED 2,066
    26 Jan 2026Sales21,322AED 2.7MAED 2,066

    About the area

    Paramount Tower Hotel & Residences is in Business Bay

    Business Bay is a dynamic urban community situated adjacent to Dubai's iconic Downtown, catering primarily to professionals and expatriates seeking an engaging city lifestyle. This strategically located area runs alongside the picturesque Dubai Canal, offering residents breathtaking waterfront views and a vibrant atmosphere that harmoniously blends work and leisure.

    Explore the Business Bay area guide

    Nearby

    Other buildings in Business Bay

    Hq By Rove

    Business Bay · 221 sales · AED 3.8M avg

    Binghatti Aquarise

    Business Bay · 166 sales · AED 2.7M avg

    Avarra By Palace

    Business Bay · 153 sales · AED 4.8M avg

    Al Habtoor Tower

    Business Bay · 149 sales · AED 3.6M avg

    Downtown Residences

    Business Bay · 146 sales · AED 3.3M avg

    Peninsula Four

    Business Bay · 143 sales · AED 2.2M avg

    Lumena Alta By Omniyat

    Business Bay · 127 sales · AED 23M avg

    Peninsula Three

    Business Bay · 123 sales · AED 1.8M avg

    The Edge

    Business Bay · 92 sales · AED 1.7M avg

    FAQ

    Paramount Tower Hotel & Residences: frequently asked questions

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

    The average recorded sale price in Paramount Tower Hotel & Residences, Business Bay is AED 2.2M, around AED 2,036 per square foot, based on Dubai Land Department transaction data.

    Are prices in Paramount Tower Hotel & Residences going up or down?

    Average sale prices in Paramount Tower Hotel & Residences have risen +1.6% per square foot since January 2026, across 22 DLD-recorded sales.

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

    Based on average Business Bay residential rents against sale prices in the building, a typical unit in Paramount Tower Hotel & Residences yields roughly 6.3% gross per year, before service charges and fees.

    How many properties have sold in Paramount Tower Hotel & Residences?

    24 sales have been recorded in Paramount Tower Hotel & Residences according to DLD data, across approximately 799 units.

    Considering Paramount Tower Hotel & Residences?

    Get honest, DLD-backed guidance on pricing, yields and availability in Business Bay from Binayah's advisors — no pressure, just the numbers.

    Talk to an advisorExplore Business Bay
    WhatsAppCallLive Chat