2514, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 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 2514, Paramount Tower Hotel & Residences Downtown
What is 2514 worth today?
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Source: Dubai Land Department. Updated 17 November 2022.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,356 sqft
- Floor
- 25th of 63
- Parking
- EU
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 27,000 /yr
- Last sold
- AED 1.94M · November 2022
About 2514, Paramount Tower Hotel & Residences Downtown
2514 is a two-bedroom hotel apartment of 1,356 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 17 November 2022 for AED 1,937,624, or AED 1,428 per sqft, 10% below the AED 1,589 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 2514 over time
2514 has sold once; the dashed line is the two-bed median of each year in the building.
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 2514 sits
All 329 2-beds →2514 last sold in November 2022 at AED 1,428 per sqft, 10% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,589). Over the last 12 months two-beds sold for AED 2,250,000 to 3,200,000, around AED 2,016 per sqft, and rent for AED 100,000 to 220,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 1,167 sqft | 2,350,000 | 2,013 | ||
| 13 Aug 202613 August 2026 | 1,364 sqft | 2,725,000 | 1,997 | ||
| 25 Jun 202625 June 2026 | 1,364 sqft | 3,200,000 | 2,346 | ||
| 6 May 20266 May 2026 | 1,364 sqft | 2,800,000 | 2,052 |
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 | ||
| 2504 | Studio | 520 sqft | AED 862KAED 862,221 · Apr 2020April 2020 | ||
| 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 | ||
| 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 |
2514, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 17 November 2022 for AED 1,937,624, or AED 1,428 per sqft.
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000–3,200,000 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 17 November 2022.
Questions about 2514, Paramount Tower Hotel & Residences Downtown
What did unit 2514 last sell for?
AED 1,937,624 on 17 November 2022, sold by the developer: AED 1,428 per sqft for 1,356 sqft. It is the only registered sale of the unit.
How big is unit 2514?
1,356 sqft (126.0 sqm): a two-bedroom hotel apartment on the 25th floor of a 63-storey tower completed in 2022.
What is unit 2514 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 2,250,000 to 3,200,000 in the last 12 months, around AED 2,016 per sqft.
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Mortgage on 2514, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.94M, 17 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,937,624
- Deposit, UAE resident (20%)
- AED 387,525
- Deposit, non-resident (40%)
- AED 775,050
- Monthly over 25 years at 3.7%
- AED 7,927
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →