2123, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2023, 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 2123, Paramount Tower Hotel & Residences Downtown
What is 2123 worth today?
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Source: Dubai Land Department. Updated 21 December 2023.
Key facts
- Type
- Studio hotel apartment
- Size
- 627 sqft
- Floor
- 21st of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 12,500 /yr
- Last sold
- AED 2.04M · December 2023
About 2123, Paramount Tower Hotel & Residences Downtown
2123 is a studio of 627 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 21 December 2023 for AED 2,035,000, or AED 3,244 per sqft, 30% above the AED 2,489 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2123 over time
2123 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Paramount Tower Hotel & Residences Downtown, and where 2123 sits
All 203 studios →2123 last sold in December 2023 at AED 3,244 per sqft, 30% above what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,489). Over the last 12 months studios sold for AED 630,000 to 1,295,000, around AED 1,579 per sqft, and rent for AED 65,000 to 90,000 a year.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20263 July 2026 | 477 sqft | 777,215 | 1,630 | ||
| 22 May 202622 May 2026 | 627 sqft | 960,367 | 1,531 | ||
| 22 May 202622 May 2026 | 520 sqft | 830,484 | 1,596 | ||
| 24 Feb 202624 February 2026 | 520 sqft | 1,295,000 | 2,489 |
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 21st floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2101 | 1-bed | 881 sqft | AED 1.94MAED 1,939,000 · Feb 2020February 2020 | ||
| 2102 | 1-bed | 862 sqft | AED 2.04MAED 2,036,000 · Aug 2022August 2022 | ||
| 2103 | 1-bed | 1,000 sqft | AED 1.55MAED 1,548,000 · Oct 2023October 2023 | ||
| 2104 | Studio | 520 sqft | AED 1.18MAED 1,183,000 · May 2019May 2019 | ||
| 2105 | Studio | 520 sqft | AED 1.18MAED 1,183,000 · Apr 2019April 2019 | ||
| 2106 | Studio | 520 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | ||
| 2107 | Studio | 520 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | ||
| 2108 | Studio | 520 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | ||
| 2109 | Studio | 520 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | ||
| 2110 | Studio | 520 sqft | AED 1MAED 1,000,000 · Nov 2016November 2016 | ||
| 2111 | Studio | 520 sqft | AED 744KAED 743,709 · Nov 2022November 2022 | ||
| 2112 | Studio | 520 sqft | AED 840KAED 840,000 · Jun 2025June 2025 | ||
| 2113 | Studio | 518 sqft | AED 1.2MAED 1,200,000 · Apr 2017April 2017 | ||
| 2114 | 2-bed | 1,356 sqft | AED 3.09MAED 3,091,000 · Aug 2022August 2022 | ||
| 2115 | 1-bed | 1,052 sqft | AED 2.5MAED 2,497,000 · Jan 2024January 2024 | ||
| 2116 | Studio | 520 sqft | AED 1.1MAED 1,098,000 · Sep 2021September 2021 | ||
| 2117 | Studio | 520 sqft | AED 830KAED 830,060 · Oct 2022October 2022 | ||
| 2118 | Studio | 520 sqft | AED 1.1MAED 1,098,000 · Sep 2021September 2021 | ||
| 2119 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Jul 2017July 2017 | ||
| 2120 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Nov 2019November 2019 | ||
| 2121 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Aug 2022August 2022 | ||
| 2122 | Studio | 520 sqft | AED 1.2MAED 1,196,000 · Jul 2019July 2019 | ||
| 2124 | 1-bed | 1,049 sqft | AED 2.44MAED 2,439,220 · Jul 2024July 2024 | ||
| 2125 | Studio | 477 sqft | AED 1.19MAED 1,186,000 · Jan 2023January 2023 | ||
| 2126 | 1-bed | 1,047 sqft | AED 2.48MAED 2,482,000 · May 2024May 2024 | ||
| 2127 | 1-bed | 843 sqft | AED 1.85MAED 1,851,000 · Jun 2019June 2019 |
2123, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 2 June 2020 for AED 1,236,750, last on 21 December 2023 for AED 2,035,000 (AED 3,244 per sqft).
- Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000–1,295,000 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 21 December 2023.
Questions about 2123, Paramount Tower Hotel & Residences Downtown
What did unit 2123 last sell for?
AED 2,035,000 on 21 December 2023: AED 3,244 per sqft for 627 sqft. The unit has 2 registered sales; the first was AED 1,236,750 in June 2020.
How big is unit 2123?
627 sqft (58.3 sqm): a studio on the 21st floor of a 63-storey tower completed in 2022.
What is unit 2123 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000 to 1,295,000 in the last 12 months, around AED 1,579 per sqft.
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Mortgage on 2123, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.04M, 21 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,035,000
- Deposit, UAE resident (20%)
- AED 407,000
- Deposit, non-resident (40%)
- AED 814,000
- Monthly over 25 years at 3.7%
- AED 8,326
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →