2316, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in July 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 2316, Paramount Tower Hotel & Residences Downtown
What is 2316 worth today?
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Source: Dubai Land Department. Updated 25 July 2022.
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 829K · July 2022
About 2316, Paramount Tower Hotel & Residences Downtown
2316 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 25 July 2022 for AED 829,080, or AED 1,594 per sqft, 27% below the AED 2,196 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2316 over time
2316 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 2316 sits
All 203 studios →2316 last sold in July 2022 at AED 1,594 per sqft, 27% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,196). 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. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /yr
- Typical yield
- 6.6%
Other units on the 23rd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 1-bed | 881 sqft | AED 1.26MAED 1,257,606 · Nov 2022November 2022 | ||
| 2302 | 1-bed | 862 sqft | AED 1.28MAED 1,282,560 · Jul 2023July 2023 | ||
| 2303 | 1-bed | 1,000 sqft | AED 2.38MAED 2,376,000 · Sep 2022September 2022 | ||
| 2304 | Studio | 520 sqft | AED 1.15MAED 1,151,040 · Jan 2020January 2020 | ||
| 2305 | Studio | 520 sqft | AED 847KAED 847,000 · Nov 2022November 2022 | ||
| 2306 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Jun 2022June 2022 | ||
| 2307 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Aug 2016August 2016 | ||
| 2308 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · May 2017May 2017 | ||
| 2309 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Aug 2016August 2016 | ||
| 2310 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2311 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2312 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2313 | Studio | 518 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2314 | 2-bed | 1,356 sqft | AED 1.94MAED 1,937,624 · Nov 2022November 2022 | ||
| 2315 | 1-bed | 1,052 sqft | AED 1.63MAED 1,631,000 · Oct 2023October 2023 | ||
| 2317 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Dec 2016December 2016 | ||
| 2318 | Studio | 520 sqft | AED 630KAED 630,000 · Dec 2025December 2025 | ||
| 2319 | Studio | 520 sqft | AED 847KAED 847,000 · Aug 2022August 2022 | ||
| 2320 | Studio | 520 sqft | AED 900KAED 900,000 · Dec 2022December 2022 | ||
| 2321 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Nov 2016November 2016 | ||
| 2322 | Studio | 520 sqft | AED 1.19MAED 1,185,000 · Oct 2019October 2019 | ||
| 2323 | Studio | 627 sqft | AED 1.56MAED 1,562,000 · Aug 2022August 2022 | ||
| 2324 | 1-bed | 1,049 sqft | AED 2.44MAED 2,439,220 · Jan 2024January 2024 | ||
| 2325 | Studio | 477 sqft | AED 777KAED 777,215 · Jul 2026July 2026 | ||
| 2326 | 1-bed | 1,047 sqft | AED 2.48MAED 2,482,000 · Dec 2022December 2022 | ||
| 2327 | 1-bed | 843 sqft | AED 2MAED 2,001,000 · Aug 2022August 2022 |
2316, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 25 July 2022 for AED 829,080, or AED 1,594 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 2,009 per sqft.
Source: Dubai Land Department. Updated 25 July 2022.
Questions about 2316, Paramount Tower Hotel & Residences Downtown
What did unit 2316 last sell for?
AED 829,080 on 25 July 2022, sold by the developer: AED 1,594 per sqft for 520 sqft. It is the only registered sale of the unit.
How big is unit 2316?
520 sqft (48.3 sqm): a studio on the 23rd floor of a 63-storey tower completed in 2022.
What is unit 2316 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 2316, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 829K, 25 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 829,080
- Deposit, UAE resident (20%)
- AED 165,816
- Deposit, non-resident (40%)
- AED 331,632
- Monthly over 25 years at 3.7%
- AED 3,392
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →