2207, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in May 2022, 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 2207, Paramount Tower Hotel & Residences Downtown
What is 2207 worth today?
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Source: Dubai Land Department. Updated 19 May 2022.
Key facts
- Type
- Studio hotel apartment
- Size
- 520 sqft
- Floor
- 22nd of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 10,400 /yr
- Last sold
- AED 1.15M · May 2022
About 2207, Paramount Tower Hotel & Residences Downtown
2207 is a studio of 520 sqft on the 22nd 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 19 May 2022 for AED 1,146,000, or AED 2,202 per sqft, 4% above the AED 2,125 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2207 over time
2207 has sold once; 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 2207 sits
All 203 studios →2207 last sold in May 2022 at AED 2,202 per sqft, 4% above what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,125). 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 22nd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2201 | 1-bed | 881 sqft | AED 2.09MAED 2,088,000 · Aug 2022August 2022 | ||
| 2202 | 1-bed | 862 sqft | AED 1.54MAED 1,538,000 · Feb 2021February 2021 | ||
| 2203 | 1-bed | 1,000 sqft | AED 1.54MAED 1,540,000 · Nov 2019November 2019 | ||
| 2204 | Studio | 520 sqft | AED 946KAED 946,400 · Apr 2019April 2019 | ||
| 2205 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Jan 2017January 2017 | ||
| 2206 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Dec 2016December 2016 | ||
| 2208 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Oct 2021October 2021 | ||
| 2209 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Nov 2016November 2016 | ||
| 2210 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Sep 2021September 2021 | ||
| 2211 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Dec 2021December 2021 | ||
| 2212 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Nov 2016November 2016 | ||
| 2213 | Studio | 518 sqft | AED 1.18MAED 1,176,000 · May 2019May 2019 | ||
| 2214 | 2-bed | 1,356 sqft | AED 2.73MAED 2,727,000 · Apr 2022April 2022 | ||
| 2215 | 1-bed | 1,052 sqft | AED 2.5MAED 2,497,000 · Oct 2023October 2023 | ||
| 2216 | Studio | 520 sqft | AED 1.19MAED 1,185,000 · Nov 2019November 2019 | ||
| 2217 | Studio | 520 sqft | AED 1.19MAED 1,185,000 · Jun 2019June 2019 | ||
| 2218 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Oct 2016October 2016 | ||
| 2219 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Oct 2016October 2016 | ||
| 2220 | Studio | 520 sqft | AED 1.2MAED 1,196,000 · Nov 2019November 2019 | ||
| 2221 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Sep 2019September 2019 | ||
| 2222 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Feb 2026February 2026 | ||
| 2223 | Studio | 627 sqft | AED 1.56MAED 1,562,000 · Aug 2022August 2022 | ||
| 2224 | 1-bed | 1,049 sqft | AED 2.44MAED 2,439,220 · May 2024May 2024 | ||
| 2225 | Studio | 477 sqft | AED 1.1MAED 1,095,000 · Sep 2019September 2019 | ||
| 2226 | 1-bed | 1,047 sqft | AED 2.48MAED 2,482,000 · Feb 2024February 2024 | ||
| 2227 | 1-bed | 843 sqft | AED 1.85MAED 1,851,000 · Jun 2019June 2019 |
2207, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 19 May 2022 for AED 1,146,000, or AED 2,202 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 19 May 2022.
Questions about 2207, Paramount Tower Hotel & Residences Downtown
What did unit 2207 last sell for?
AED 1,146,000 on 19 May 2022, sold by the developer: AED 2,202 per sqft for 520 sqft. It is the only registered sale of the unit.
How big is unit 2207?
520 sqft (48.3 sqm): a studio on the 22nd floor of a 63-storey tower completed in 2022.
What is unit 2207 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 2207, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.15M, 19 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,146,000
- Deposit, UAE resident (20%)
- AED 229,200
- Deposit, non-resident (40%)
- AED 458,400
- Monthly over 25 years at 3.7%
- AED 4,689
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →