Project · #1215 by 12M value
Paramount Tower Hotel & Residences Downtown
Market bulletin · Thu, 22 Oct 2026
Paramount Tower Hotel & Residences Downtown: 0 sales worth AED 0 in 30 days
Paramount Tower Hotel & Residences Downtown recorded 0 sales worth AED 0 in the 30 days to Thu, 22 Oct 2026. Over the last week 0 sales were registered (AED 0), against 0 the week before.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, Paramount Tower Hotel & Residences Downtown ranked #11 of 11 leading projects by 12-month sales value; it is developed by Damac Properties.
Leases registered in the last three months had a median annual rent of AED 142K. The best gross yield is on 1 BR apartments at about 6.7%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | AED 2,066 |
| Dec 25 | — |
| Nov 25 | AED 2,019 |
| Oct 25 | — |
| Sept 25 | — |
| Aug 25 | AED 1,884 |
| Jul 25 | AED 2,353 |
| Jun 25 | AED 1,832 |
| May 25 | — |
| Apr 25 | — |
| Mar 25 | AED 1,599 |
| Feb 25 | AED 1,802 |
| Jan 25 | — |
| Dec 24 | AED 1,954 |
| Nov 24 | AED 1,842 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 0 |
| Sept 26 | 0 | 0 | 1 |
| Aug 26 | 0 | 0 | 0 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 3 |
| May 26 | 0 | 0 | 2 |
| Apr 26 | 0 | 0 | 0 |
| Mar 26 | 0 | 0 | 0 |
| Feb 26 | 0 | 0 | 4 |
| Jan 26 | 0 | 0 | 6 |
| Dec 25 | 0 | 0 | 3 |
| Nov 25 | 0 | 0 | 5 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 0 | — | AED 0 | — | — |
| Last 3 months | 1 | down 80.0% | AED 2.35M | — | — |
| Last 6 months | 6 | down 66.7% | AED 14.2M | 2,200 | up 9.3% |
| Last 12 months | 26 | down 67.1% | AED 56.4M | 2,016 | up 7.5% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 26 | 100% | AED 2.37M | 2,016 | up 7.5% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Studio | 4 | 15% | — | — | — |
| 1 bedroom | 7 | 27% | AED 1.80M | 2,176 | down 1.3% |
| 2 bedrooms | 13 | 50% | AED 2.55M | 2,019 | up 12.0% |
| 3 bedrooms | 2 | 8% | — | — | — |
| Type | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Apartments | 21 | 81% | AED 2.45M | 2,054 | up 11.3% |
| Hotel apartments | 5 | 19% | AED 821K | 1,580 | down 24.4% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 8 | 31% | AED 1.29M | 1,892 | up 8.0% |
| AED 2M–10M | 18 | 69% | AED 2.55M | 2,060 | up 7.7% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 150K |
| Sept 26 | AED 140K |
| Aug 26 | AED 125K |
| Jul 26 | AED 150K |
| Jun 26 | AED 160K |
| May 26 | — |
| Apr 26 | AED 168K |
| Mar 26 | — |
| Feb 26 | AED 180K |
| Jan 26 | AED 170K |
| Dec 25 | AED 170K |
| Nov 25 | AED 152K |
| Oct 25 | AED 168K |
| Sept 25 | AED 160K |
| Aug 25 | AED 178K |
| Jul 25 | AED 170K |
| Jun 25 | AED 180K |
| May 25 | AED 170K |
| Apr 25 | AED 165K |
| Mar 25 | AED 187K |
| Feb 25 | AED 185K |
| Jan 25 | AED 168K |
| Dec 24 | AED 165K |
| Nov 24 | AED 150K |
- Leases (12M)
- 316
- New leases
- 63.3%
- Median rent 3M
- AED 142K
- Rent/sqft 3M
- AED 120
| 1 BR apartments | AED 120K / AED 1.80M | 6.7% |
|---|---|---|
| 2 BR apartments | AED 164K / AED 2.55M | 6.4% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 58 | AED 120K | AED 120K | 147 |
| 2 BR | 166 | AED 164K | AED 160K | 131 |
| 3 BR | 34 | AED 220K | AED 231K | 134 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.35M | 2 BR Apartment · 1,167 sqftParamount Tower Hotel & Residences Downtown · Business Bay | 7 Sept |
Questions about Paramount Tower Hotel & Residences Downtown
How many properties were sold in Paramount Tower Hotel & Residences Downtown in the last year?
26 sales worth AED 56.4M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in Paramount Tower Hotel & Residences Downtown?
The median annual rent on leases registered in the last three months was AED 142K, and the best gross rental yield is about 6.7%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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