2318, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2025, 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 2318, Paramount Tower Hotel & Residences Downtown
What is 2318 worth today?
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Source: Dubai Land Department. Updated 26 December 2025.
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 630K · December 2025
About 2318, Paramount Tower Hotel & Residences Downtown
2318 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. It last sold on 26 December 2025 for AED 630,000, or AED 1,211 per sqft, 33% below the AED 1,799 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2318 over time
2318 has sold twice; 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 2318 sits
All 203 studios →2318 last sold in December 2025 at AED 1,211 per sqft, 33% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,799). 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 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 | ||
| 2316 | Studio | 520 sqft | AED 829KAED 829,080 · Jul 2022July 2022 | ||
| 2317 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Dec 2016December 2016 | ||
| 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 |
2318, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 3 August 2022 for AED 934,000, last on 26 December 2025 for AED 630,000 (AED 1,211 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 26 December 2025.
Questions about 2318, Paramount Tower Hotel & Residences Downtown
What did unit 2318 last sell for?
AED 630,000 on 26 December 2025: AED 1,211 per sqft for 520 sqft. The unit has 2 registered sales; the first was AED 934,000 in August 2022.
How big is unit 2318?
520 sqft (48.3 sqm): a studio on the 23rd floor of a 63-storey tower completed in 2022.
What is unit 2318 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 2318, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 630K, 26 December 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 630,000
- Deposit, UAE resident (20%)
- AED 126,000
- Deposit, non-resident (40%)
- AED 252,000
- Monthly over 25 years at 3.7%
- AED 2,578
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →