1509, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in January 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1509, Paramount Tower Hotel & Residences Downtown
What is 1509 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 24 January 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,050 sqft
- Floor
- 15th of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 20,900 /yr
- Last sold
- AED 2.49M · January 2024
About 1509, Paramount Tower Hotel & Residences Downtown
1509 is a one-bedroom hotel apartment of 1,050 sqft on the 15th floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. The developer sold it on 24 January 2024 for AED 2,489,000, or AED 2,370 per sqft, 4% above the AED 2,282 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1509 over time
1509 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 1509 sits
All 174 1-beds →1509 last sold in January 2024 at AED 2,370 per sqft, 4% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,282). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
Paramount Tower Hotel & Residences Downtown
Building784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 33 sold in the last 12 months.
- Typical price per sqft
- AED 2,005 Up 3.3%
- Typical sale
- AED 2.35M
- Typical rent
- AED 151K /yr
- Typical yield
- 6.6%
Other units on the 15th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | Studio | 522 sqft | AED 1.3MAED 1,298,000 · Oct 2022October 2022 | 190,000 /yr | |
| 1502 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Feb 2020February 2020 | ||
| 1503 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Aug 2021August 2021 | ||
| 1504 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Feb 2020February 2020 | ||
| 1505 | Studio | 520 sqft | AED 847KAED 847,000 · Jul 2022July 2022 | ||
| 1506 | Studio | 520 sqft | AED 1.1MAED 1,098,000 · Sep 2021September 2021 | ||
| 1507 | Studio | 518 sqft | AED 1.19MAED 1,194,000 · Jan 2020January 2020 | ||
| 1508 | 2-bed | 1,361 sqft | AED 3.09MAED 3,093,000 · Aug 2022August 2022 | ||
| 1510 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Sep 2023September 2023 | ||
| 1511 | Studio | 520 sqft | AED 821KAED 821,443 · Feb 2026February 2026 |
1509, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 24 January 2024 for AED 2,489,000, or AED 2,370 per sqft.
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,005 per sqft.
Source: Dubai Land Department. Updated 24 January 2024.
Questions about 1509, Paramount Tower Hotel & Residences Downtown
What did unit 1509 last sell for?
AED 2,489,000 on 24 January 2024, sold by the developer: AED 2,370 per sqft for 1,050 sqft. It is the only registered sale of the unit.
How big is unit 1509?
1,050 sqft (97.5 sqm): a one-bedroom hotel apartment on the 15th floor of a 63-storey tower completed in 2022.
What is unit 1509 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
Selling 1509? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1509, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.49M, 24 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,489,000
- Deposit, UAE resident (20%)
- AED 497,800
- Deposit, non-resident (40%)
- AED 995,600
- Monthly over 25 years at 3.7%
- AED 10,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →