2504, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2020, 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 2504, Paramount Tower Hotel & Residences Downtown
What is 2504 worth today?
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Source: Dubai Land Department. Updated 22 April 2020.
Key facts
- Type
- Studio hotel apartment
- Size
- 520 sqft
- Floor
- 25th of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 10,400 /yr
- Last sold
- AED 862K · April 2020
About 2504, Paramount Tower Hotel & Residences Downtown
2504 is a studio of 520 sqft on the 25th 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 22 April 2020 for AED 862,221, or AED 1,657 per sqft, 28% below the AED 2,299 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2504 over time
2504 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 2504 sits
All 203 studios →2504 last sold in April 2020 at AED 1,657 per sqft, 28% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,299). 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 25th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | 1-bed | 881 sqft | AED 1.34MAED 1,336,720 · Jul 2022July 2022 | ||
| 2502 | 1-bed | 862 sqft | AED 1.2MAED 1,200,000 · Aug 2024August 2024 | ||
| 2503 | 1-bed | 1,000 sqft | AED 2.38MAED 2,376,000 · Sep 2022September 2022 | ||
| 2505 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Apr 2022April 2022 | ||
| 2506 | Studio | 520 sqft | AED 1.45MAED 1,450,650 · Aug 2016August 2016 | ||
| 2507 | Studio | 520 sqft | AED 830KAED 830,060 · Jul 2023July 2023 | ||
| 2508 | Studio | 520 sqft | AED 1.3MAED 1,295,000 · Jul 2025July 2025 | ||
| 2509 | Studio | 520 sqft | AED 932KAED 932,000 · Oct 2025October 2025 | ||
| 2510 | Studio | 520 sqft | AED 1.45MAED 1,450,000 · Aug 2016August 2016 | ||
| 2511 | Studio | 520 sqft | AED 1.03MAED 1,029,000 · Aug 2025August 2025 | ||
| 2512 | Studio | 520 sqft | AED 1.15MAED 1,146,000 · Feb 2022February 2022 | ||
| 2513 | Studio | 518 sqft | AED 1.2MAED 1,203,000 · May 2020May 2020 | ||
| 2514 | 2-bed | 1,356 sqft | AED 1.94MAED 1,937,624 · Nov 2022November 2022 | ||
| 2515 | 1-bed | 1,052 sqft | AED 2.5MAED 2,497,000 · Mar 2023March 2023 | ||
| 2516 | Studio | 520 sqft | AED 1.14MAED 1,144,000 · Mar 2022March 2022 | ||
| 2517 | Studio | 520 sqft | AED 1.19MAED 1,185,000 · Sep 2019September 2019 | ||
| 2518 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2519 | Studio | 520 sqft | AED 1.23MAED 1,229,000 · Jan 2021January 2021 | ||
| 2520 | Studio | 520 sqft | AED 1.14MAED 1,144,000 · Feb 2022February 2022 | ||
| 2521 | Studio | 520 sqft | AED 1.5MAED 1,500,000 · Aug 2016August 2016 | ||
| 2522 | Studio | 520 sqft | AED 1.1MAED 1,098,000 · Sep 2021September 2021 | ||
| 2523 | Studio | 627 sqft | AED 1.56MAED 1,562,000 · Aug 2022August 2022 | ||
| 2524 | 1-bed | 1,049 sqft | AED 1.63MAED 1,626,000 · Jan 2023January 2023 | ||
| 2525 | Studio | 477 sqft | AED 1.19MAED 1,186,000 · Oct 2025October 2025 | ||
| 2526 | 1-bed | 1,047 sqft | AED 2.48MAED 2,482,000 · Feb 2023February 2023 | ||
| 2527 | 1-bed | 843 sqft | AED 1.7MAED 1,697,000 · Aug 2021August 2021 |
2504, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 22 April 2020 for AED 862,221, or AED 1,657 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 22 April 2020.
Questions about 2504, Paramount Tower Hotel & Residences Downtown
What did unit 2504 last sell for?
AED 862,221 on 22 April 2020, sold by the developer: AED 1,657 per sqft for 520 sqft. It is the only registered sale of the unit.
How big is unit 2504?
520 sqft (48.3 sqm): a studio on the 25th floor of a 63-storey tower completed in 2022.
What is unit 2504 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 2504, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 862K, 22 April 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 862,221
- Deposit, UAE resident (20%)
- AED 172,444
- Deposit, non-resident (40%)
- AED 344,888
- Monthly over 25 years at 3.7%
- AED 3,528
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →