Home
Dubai prices
About
Research
1-bed · 843 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 22nd floor · completed 2022

2227, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold once, by the developer in June 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2227 · DLD and Ejari recordsUpdated 18 June 2019
Last soldAED 1.85M18 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 2227

Property timeline for 2227, Paramount Tower Hotel & Residences Downtown

What is 2227 worth today?

Last sold for AED 1,851,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

18 Jun 2019Sold by developerOff-plan
AED 1,851,000AED 2,196 per sqft

Source: Dubai Land Department. Updated 18 June 2019.

Key facts

Type
1-bed hotel apartment
Size
843 sqft
Floor
22nd of 63
Parking
EU
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 16,800 /yr
Last sold
AED 1.85M · June 2019
Building
Paramount Tower Hotel & Residences Downtown

About 2227, Paramount Tower Hotel & Residences Downtown

2227 is a one-bedroom hotel apartment of 843 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 18 June 2019 for AED 1,851,000, or AED 2,196 per sqft, 23% above the AED 1,780 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2227 over time

Sales
Unit 2227, 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, June 2019: AED 1,851,000 (AED 2,196 per sqft)

2227 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2227, 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 2227 sits

All 174 1-beds →

2227 last sold in June 2019 at AED 2,196 per sqft, 23% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,780). 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 22nd floor

All 784 units in Paramount Tower Hotel & Residences Downtown
Value
22011-bedAED 2.09M · Aug 2022
22021-bedAED 1.54M · Feb 2021
22031-bedAED 1.54M · Nov 2019
2204StudioAED 946K · Apr 2019
2205StudioAED 1.2M · Jan 2017
2206StudioAED 1.2M · Dec 2016
2207StudioAED 1.15M · May 2022
1–7 of 26

2227, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold once: by Namaa Properties Development on 18 June 2019 for AED 1,851,000, or AED 2,196 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 18 June 2019.

Questions about 2227, Paramount Tower Hotel & Residences Downtown

What did unit 2227 last sell for?

AED 1,851,000 on 18 June 2019, sold by the developer: AED 2,196 per sqft for 843 sqft. It is the only registered sale of the unit.

How big is unit 2227?

843 sqft (78.3 sqm): a one-bedroom hotel apartment on the 22nd floor of a 63-storey tower completed in 2022.

What is unit 2227 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 2227? 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.

How OpenOffers works

Mortgage on 2227, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.85M, 18 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,851,000
Deposit, UAE resident (20%)
AED 370,200
Deposit, non-resident (40%)
AED 740,400
Monthly over 25 years at 3.7%
AED 7,573

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