2422, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in August 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 2422, Paramount Tower Hotel & Residences Downtown
What is 2422 worth today?
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Source: Dubai Land Department. Updated 1 August 2022.
Key facts
- Type
- Studio hotel apartment
- Size
- 520 sqft
- Floor
- 24th of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 10,400 /yr
- Last sold
- AED 934K · August 2022
About 2422, Paramount Tower Hotel & Residences Downtown
2422 is a studio of 520 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. The developer sold it on 1 August 2022 for AED 934,000, or AED 1,795 per sqft, 18% 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 2422 over time
2422 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 2422 sits
All 203 studios →2422 last sold in August 2022 at AED 1,795 per sqft, 18% 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. 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 24th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 1-bed | 881 sqft | AED 2.09MAED 2,088,000 · Aug 2022August 2022 | ||
| 2402 | 1-bed | 862 sqft | AED 1.54MAED 1,538,000 · Feb 2021February 2021 | ||
| 2403 | 1-bed | 1,000 sqft | AED 2.38MAED 2,376,000 · Sep 2022September 2022 | ||
| 2404 | Studio | 520 sqft | AED 889KAED 888,888 · Sep 2019September 2019 | ||
| 2405 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Mar 2020March 2020 | ||
| 2406 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2407 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Nov 2019November 2019 | ||
| 2408 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Dec 2016December 2016 | ||
| 2409 | Studio | 520 sqft | AED 1.2MAED 1,199,000 · Jan 2020January 2020 | ||
| 2410 | Studio | 520 sqft | AED 1.2MAED 1,200,000 · Jan 2017January 2017 | ||
| 2411 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Nov 2021November 2021 | ||
| 2412 | Studio | 520 sqft | AED 889KAED 888,888 · Oct 2019October 2019 | ||
| 2413 | Studio | 518 sqft | AED 1.29MAED 1,291,000 · Jul 2025July 2025 | ||
| 2414 | 2-bed | 1,356 sqft | AED 3.06MAED 3,058,000 · Feb 2023February 2023 | ||
| 2415 | 1-bed | 1,052 sqft | AED 2.5MAED 2,497,000 · Mar 2023March 2023 | ||
| 2416 | Studio | 520 sqft | AED 1.14MAED 1,144,000 · Mar 2022March 2022 | ||
| 2417 | Studio | 520 sqft | AED 1.1MAED 1,100,000 · Oct 2021October 2021 | ||
| 2418 | Studio | 520 sqft | AED 1.29MAED 1,293,000 · Aug 2022August 2022 | ||
| 2419 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Aug 2022August 2022 | ||
| 2420 | Studio | 520 sqft | AED 1.29MAED 1,293,000 · Jun 2022June 2022 | ||
| 2421 | Studio | 520 sqft | AED 954KAED 954,000 · Jun 2021June 2021 | ||
| 2423 | Studio | 627 sqft | AED 1.13MAED 1,128,000 · Aug 2022August 2022 | ||
| 2424 | 1-bed | 1,049 sqft | AED 1.5MAED 1,499,550 · Nov 2022November 2022 | ||
| 2425 | Studio | 477 sqft | AED 1.1MAED 1,095,000 · Aug 2024August 2024 | ||
| 2426 | 1-bed | 1,047 sqft | AED 2.48MAED 2,482,000 · Dec 2022December 2022 | ||
| 2427 | 1-bed | 843 sqft | AED 2MAED 1,999,000 · Feb 2024February 2024 |
2422, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 1 August 2022 for AED 934,000, or AED 1,795 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 1 August 2022.
Questions about 2422, Paramount Tower Hotel & Residences Downtown
What did unit 2422 last sell for?
AED 934,000 on 1 August 2022, sold by the developer: AED 1,795 per sqft for 520 sqft. It is the only registered sale of the unit.
How big is unit 2422?
520 sqft (48.3 sqm): a studio on the 24th floor of a 63-storey tower completed in 2022.
What is unit 2422 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.
Selling 2422? Put it on the OpenOffers board
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Mortgage on 2422, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 934K, 1 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 934,000
- Deposit, UAE resident (20%)
- AED 186,800
- Deposit, non-resident (40%)
- AED 373,600
- Monthly over 25 years at 3.7%
- AED 3,821
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →