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Studio · 520 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 23rd floor · completed 2022

2304, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold once, by the developer in January 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2304 · DLD and Ejari recordsUpdated 27 January 2020
Last soldAED 1.15M27 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2304, Paramount Tower Hotel & Residences Downtown

What is 2304 worth today?

Last sold for AED 1,151,040 in 2020

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27 Jan 2020Sold by developerOff-plan
AED 1,151,040AED 2,212 per sqft

Source: Dubai Land Department. Updated 27 January 2020.

Key facts

Type
Studio hotel apartment
Size
520 sqft
Floor
23rd of 63
Parking
EU
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 10,400 /yr
Last sold
AED 1.15M · January 2020
Building
Paramount Tower Hotel & Residences Downtown

About 2304, Paramount Tower Hotel & Residences Downtown

2304 is a studio of 520 sqft on the 23rd 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 27 January 2020 for AED 1,151,040, or AED 2,212 per sqft, in line with the AED 2,278 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2304 over time

Sales
Unit 2304, each saleTypical studio in Paramount Tower Hotel & Residences Downtown
750K1M1.25M2016201920222025Typical sale price by year: 2016 AED 1,200,000; 2017 AED 1,200,000; 2019 AED 1,179,500; 2020 AED 1,199,000; 2021 AED 1,100,000; 2022 AED 1,146,000; 2023 AED 1,295,000; 2024 AED 1,095,000; 2025 AED 936,139; 2026 AED 830,484Sold by developer, January 2020: AED 1,151,040 (AED 2,212 per sqft)

2304 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2304, each contractTypical studio in Paramount Tower Hotel & Residences Downtown
60K80K202220242026Typical rent by year: 2022 AED 55,000; 2023 AED 70,000; 2024 AED 84,000; 2025 AED 80,000; 2026 AED 70,000

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 2304 sits

All 203 studios →

2304 last sold in January 2020 at AED 2,212 per sqft, in line with what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,278). 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 salesUnit no.Price (AED)Summary
3 Jul 2026777,215
22 May 2026960,367
22 May 2026830,484
24 Feb 20261,295,000
7 studio 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 23rd floor

All 784 units in Paramount Tower Hotel & Residences Downtown
Value
23011-bedAED 1.26M · Nov 2022
23021-bedAED 1.28M · Jul 2023
23031-bedAED 2.38M · Sep 2022
2305StudioAED 847K · Nov 2022
2306StudioAED 1.3M · Jun 2022
2307StudioAED 1.2M · Aug 2016
2308StudioAED 1.2M · May 2017
1–7 of 26

2304, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold once: by Namaa Properties Development on 27 January 2020 for AED 1,151,040, or AED 2,212 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 27 January 2020.

Questions about 2304, Paramount Tower Hotel & Residences Downtown

What did unit 2304 last sell for?

AED 1,151,040 on 27 January 2020, sold by the developer: AED 2,212 per sqft for 520 sqft. It is the only registered sale of the unit.

How big is unit 2304?

520 sqft (48.3 sqm): a studio on the 23rd floor of a 63-storey tower completed in 2022.

What is unit 2304 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 2304, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.15M, 27 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,151,040
Deposit, UAE resident (20%)
AED 230,208
Deposit, non-resident (40%)
AED 460,416
Monthly over 25 years at 3.7%
AED 4,709

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