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1-bed · 1,000 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 21st floor · completed 2022

2103, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold twice, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2103 · DLD and Ejari recordsUpdated 9 October 2023
Last soldAED 1.55M9 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2103, Paramount Tower Hotel & Residences Downtown

What is 2103 worth today?

Last sold for AED 1,548,000 in 2023

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9 Oct 2023SoldReady
AED 1,548,000AED 1,548 per sqft
10 Feb 2020Sold by developerOff-plan
AED 2,205,000AED 2,205 per sqft

Source: Dubai Land Department. Updated 9 October 2023.

Key facts

Type
1-bed hotel apartment
Size
1,000 sqft
Floor
21st of 63
Parking
EU
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.55M · October 2023
Building
Paramount Tower Hotel & Residences Downtown

About 2103, Paramount Tower Hotel & Residences Downtown

2103 is a one-bedroom hotel apartment of 1,000 sqft on the 21st floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. It last sold on 9 October 2023 for AED 1,548,000, or AED 1,548 per sqft, 19% below the AED 1,909 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2103 over time

Sales
Unit 2103, each saleTypical one-bed in Paramount Tower Hotel & Residences Downtown
1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,561,052; 2018 AED 1,202,000; 2019 AED 1,481,159; 2020 AED 1,467,000; 2021 AED 1,431,528; 2022 AED 1,680,000; 2023 AED 1,925,000; 2024 AED 2,000,000; 2025 AED 1,800,000; 2026 AED 1,750,000Sold by developer, February 2020: AED 2,205,000 (AED 2,205 per sqft)Sold, October 2023: AED 1,548,000 (AED 1,548 per sqft)

2103 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2103, each contractTypical one-bed in Paramount Tower Hotel & Residences Downtown
80K100K120K202220242026Typical rent by year: 2022 AED 81,000; 2023 AED 90,000; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 105,000

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 2103 sits

All 174 1-beds →

2103 last sold in October 2023 at AED 1,548 per sqft, 19% below what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,909). 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 salesUnit no.Price (AED)Summary
15 Oct 20261,400,000
16 Jun 20262,018,990
18 May 20262,000,000
8 May 20261,650,000
8 1-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%
Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 21st floor

All 784 units in Paramount Tower Hotel & Residences Downtown
Value
21011-bedAED 1.94M · Feb 2020
21021-bedAED 2.04M · Aug 2022
2104StudioAED 1.18M · May 2019
2105StudioAED 1.18M · Apr 2019
2106StudioAED 1M · Nov 2016
2107StudioAED 1M · Nov 2016
2108StudioAED 1M · Nov 2016
1–7 of 26

2103, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold twice: first on 10 February 2020 for AED 2,205,000, last on 9 October 2023 for AED 1,548,000 (AED 1,548 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 9 October 2023.

Questions about 2103, Paramount Tower Hotel & Residences Downtown

What did unit 2103 last sell for?

AED 1,548,000 on 9 October 2023: AED 1,548 per sqft for 1,000 sqft. The unit has 2 registered sales; the first was AED 2,205,000 in February 2020.

How big is unit 2103?

1,000 sqft (92.9 sqm): a one-bedroom hotel apartment on the 21st floor of a 63-storey tower completed in 2022.

What is unit 2103 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.

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Mortgage on 2103, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.55M, 9 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,548,000
Deposit, UAE resident (20%)
AED 309,600
Deposit, non-resident (40%)
AED 619,200
Monthly over 25 years at 3.7%
AED 6,333

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →