About Paramount Tower Hotel & Residences
PROJECT CONSISTS OF 3B+G+11P+4A+49+R HOTEL & RESIDENTIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Key information
Developer
Namaa Properties Development
- Handover
- Q1 2022
- Status
- Handed over
- Location
- Business Bay, Dubai
- Construction started
- 2015
- Number of buildings
- 1
- Number of units
- 799
- Registered with DLD
- 21 Jun 2015
- Escrow bank
- Commercial Bank of Dubai
- Escrow account no.
- 1001698784
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2015
- Handed overQ1 2022
Construction progress
134 inspection photos from the Dubai Land Department. Latest 15 Nov 2021 at 100% complete.
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Amenities
Physical features recorded on the Dubai Land Department buildings register.
Swimming Pool
Covered Parking
13 Elevators
65 Floors
Retail & Shops
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
1,071
Median price
AED 1.9M
Median price / sqft
AED 2K+5%
Off-plan share
52%
Priced 6% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 217 | 522 sqft | AED 1.1M | AED 2K |
| 1 Bed | 229 | 855 sqft | AED 1.7M | AED 2K |
| 2 Bed | 503 | 1,245 sqft | AED 2.1M | AED 2K |
| 3 Bed | 122 | 1,625 sqft | AED 2.9M | AED 2K |
Price per sqft by year
+5% since 2015AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 07 Sept 2026 | Resale | 1,167 sqft | AED 2.4M | AED 2K |
| 14 Aug 2026 | Resale | 1,364 sqft | AED 2.7M | AED 2K |
| 06 Jul 2026 | Resale | 477 sqft | AED 777K | AED 2K |
| 29 Jun 2026 | Resale | 1,290 sqft | AED 2.7M | AED 2K |
| 25 Jun 2026 | Resale | 1,364 sqft | AED 3.2M | AED 2K |
| 16 Jun 2026 | Resale | 843 sqft | AED 2.0M | AED 2K |
| 10 Jun 2026 | Resale | 1,644 sqft | AED 3.0M | AED 2K |
| 05 Jun 2026 | Resale | 1,644 sqft | AED 2.8M | AED 2K |
Unit mix
799 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Commercial | 9 | - |
| Studio | 199 | 466 - 692 sqft |
| 1 B/R | 71 | 843 - 1,053 sqft |
| 2 B/R | 11 | 1,356 - 1,361 sqft |
| Studio | 6 | 466 - 692 sqft |
| 1 B/R | 105 | 843 - 1,053 sqft |
| 2 B/R | 320 | 1,356 - 1,361 sqft |
| 3 B/R | 78 | 1,478 - 1,900 sqft |
Payment plan
Payment plans are set by Namaa Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
Paramount Tower Hotel & Residences has already been handed over (Q1 2022), according to Dubai Land Department records.
