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2-bed · 1,356 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 24th floor · completed 2022

2414, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold twice, last in February 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2414 · DLD and Ejari recordsUpdated 22 February 2023
Last soldAED 3.06M22 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2414, Paramount Tower Hotel & Residences Downtown

What is 2414 worth today?

Last sold for AED 3,058,000 in 2023

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22 Feb 2023SoldReady
AED 3,058,000AED 2,255 per sqft
28 Aug 2016Sold by developerOff-plan
AED 1,500,000AED 2,909 per sqft

Source: Dubai Land Department. Updated 22 February 2023.

Key facts

Type
2-bed hotel apartment
Size
1,356 sqft
Floor
24th of 63
Parking
EU
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 27,000 /yr
Last sold
AED 3.06M · February 2023
Building
Paramount Tower Hotel & Residences Downtown

About 2414, Paramount Tower Hotel & Residences Downtown

2414 is a two-bedroom hotel apartment of 1,356 sqft on the 24th 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 22 February 2023 for AED 3,058,000, or AED 2,255 per sqft, 36% above the AED 1,653 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2414 over time

Sales
Unit 2414, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown
2M3M20152018202120242027Typical sale price by year: 2015 AED 2,242,950; 2016 AED 2,208,745; 2017 AED 2,214,000; 2018 AED 2,293,890; 2019 AED 2,144,000; 2020 AED 1,660,497; 2021 AED 1,965,408; 2022 AED 2,000,050; 2023 AED 2,150,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,550,000Sold by developer, August 2016: AED 1,500,000 (AED 2,909 per sqft)Sold, February 2023: AED 3,058,000 (AED 2,255 per sqft)

2414 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2414, each contractTypical two-bed in Paramount Tower Hotel & Residences Downtown
125K150K175K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 140,000; 2024 AED 166,500; 2025 AED 175,000; 2026 AED 155,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Paramount Tower Hotel & Residences Downtown, and where 2414 sits

All 329 2-beds →

2414 last sold in February 2023 at AED 2,255 per sqft, 36% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,653). Over the last 12 months two-beds sold for AED 2,350,000 to 3,200,000, around AED 2,019 per sqft, and rent for AED 100,000 to 220,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20262,350,000
13 Aug 20262,725,000
25 Jun 20263,200,000
6 May 20262,800,000
13 2-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. 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%
Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 24th floor

All 784 units in Paramount Tower Hotel & Residences Downtown
Value
24011-bedAED 2.09M · Aug 2022
24021-bedAED 1.54M · Feb 2021
24031-bedAED 2.38M · Sep 2022
2404StudioAED 889K · Sep 2019
2405StudioAED 1.2M · Mar 2020
2406StudioAED 1.5M · Aug 2016
2407StudioAED 1.2M · Nov 2019
1–7 of 26

2414, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold twice: first on 28 August 2016 for AED 1,500,000, last on 22 February 2023 for AED 3,058,000 (AED 2,255 per sqft).
  • Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,350,000–3,200,000 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 22 February 2023.

Questions about 2414, Paramount Tower Hotel & Residences Downtown

What did unit 2414 last sell for?

AED 3,058,000 on 22 February 2023: AED 2,255 per sqft for 1,356 sqft. The unit has 2 registered sales; the first was AED 1,500,000 in August 2016.

How big is unit 2414?

1,356 sqft (126.0 sqm): a two-bedroom hotel apartment on the 24th floor of a 63-storey tower completed in 2022.

What is unit 2414 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,350,000 to 3,200,000 in the last 12 months, around AED 2,019 per sqft.

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Mortgage on 2414, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 3.06M, 22 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,058,000
Deposit, UAE resident (20%)
AED 611,600
Deposit, non-resident (40%)
AED 1,223,200
Monthly over 25 years at 3.7%
AED 12,511

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