2224, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in May 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 2224, Paramount Tower Hotel & Residences Downtown
What is 2224 worth today?
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Source: Dubai Land Department. Updated 9 May 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,049 sqft
- Floor
- 22nd of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 20,900 /yr
- Last sold
- AED 2.44M · May 2024
About 2224, Paramount Tower Hotel & Residences Downtown
2224 is a one-bedroom hotel apartment of 1,049 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 9 May 2024 for AED 2,439,220, or AED 2,324 per sqft, in line with the AED 2,303 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2224 over time
2224 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 2224 sits
All 174 1-beds →2224 last sold in May 2024 at AED 2,324 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,303). 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 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 | ||
| 2207 | Studio | 520 sqft | AED 1.15MAED 1,146,000 · May 2022May 2022 | ||
| 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 | ||
| 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 |
2224, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 9 May 2024 for AED 2,439,220, or AED 2,324 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 May 2024.
Questions about 2224, Paramount Tower Hotel & Residences Downtown
What did unit 2224 last sell for?
AED 2,439,220 on 9 May 2024, sold by the developer: AED 2,324 per sqft for 1,049 sqft. It is the only registered sale of the unit.
How big is unit 2224?
1,049 sqft (97.5 sqm): a one-bedroom hotel apartment on the 22nd floor of a 63-storey tower completed in 2022.
What is unit 2224 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 2224, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.44M, 9 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,439,220
- Deposit, UAE resident (20%)
- AED 487,844
- Deposit, non-resident (40%)
- AED 975,688
- Monthly over 25 years at 3.7%
- AED 9,980
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →