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PARAMOUNT TOWER HOTEL & RESIDENCES

Completed

Developed by NAMAA PROPERTIES DEVELOPMENT L.L.C. Located in Business Bay.

Construction progress100%Expected 29 Mar 2022
Units7991 buildings · 0 villas
Registered sales1,07138 in the last 12 months
Median sale priceAED 1.93MMedian of registered salesAED 1,802/sqft

Registry record

Project number
1665
Name on the register
فندق بارامونت تاور آند ريزيدانس
Developer
NAMAA PROPERTIES DEVELOPMENT L.L.C
Master developer
الخليج التجاري (ش.ذ.م.م)
Escrow agent
COMMERCIAL BANK OF DUBAI(PSC)
Zoning authority
Dubai Municipality
Master project
Not recorded
Start date
1 Jul 2015
Expected completion
29 Mar 2022
Actual completion
29 Mar 2022
Cancelled
Not recorded
Plots
0
Progress
100%

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.

Sales evidence

Median size
1,167 sqft
Median price per sqft
AED 1,802/sqft
Total value transacted
AED 2.17B
Off-plan vs ready
553 off-plan · 518 ready
First sale
25 Jun 2014
Latest sale
14 Aug 2026

Service charges (2023)

The owner-association charge approved by the Land Department, broken down by cost category. Totalling AED 68 per square foot per year — the recurring cost of ownership that an asking price never shows.

CategoryUsageManaged byAED/sqft
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C6.00
Reserved FundResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C5.00
ImprovementResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Utilities ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C5.00
Management ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
InsuranceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Master CommunityResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
ServicesHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C2.00
Reserved FundHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
MaintenanceHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C2.00
ImprovementHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Unit A/C (Charges)HospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Utilities ServicesHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C14.00
Management ServicesHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
InsuranceHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Master CommunityHospitalityLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
Reserved FundRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
MaintenanceRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ImprovementRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Utilities ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C15.00
Management ServicesRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
InsuranceRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Master CommunityRetailLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
14 Aug 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,364 sqftAED 1,998/sqftAED 2,725,000
6 Jul 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio477 sqftAED 1,631/sqftAED 777,215
29 Jun 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,290 sqftAED 2,059/sqftAED 2,655,000
25 Jun 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,364 sqftAED 2,346/sqftAED 3,200,000
16 Jun 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting Properties1 B/R843 sqftAED 2,396/sqftAED 2,018,990
10 Jun 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties3 B/R1,644 sqftAED 1,825/sqftAED 3,000,000
5 Jun 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties3 B/R1,644 sqftAED 1,700/sqftAED 2,794,398
25 May 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio520 sqftAED 1,596/sqftAED 830,484
25 May 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio627 sqftAED 1,531/sqftAED 960,367
18 May 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties1 B/R974 sqftAED 2,054/sqftAED 2,000,000
8 May 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties1 B/R681 sqftAED 2,423/sqftAED 1,650,000
6 May 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,364 sqftAED 2,053/sqftAED 2,800,000
24 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio520 sqftAED 2,490/sqftAED 1,295,000
20 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties1 B/R898 sqftAED 2,005/sqftAED 1,800,000
19 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio520 sqftAED 1,580/sqftAED 821,443
16 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties1 B/R683 sqftAED 2,491/sqftAED 1,700,000
6 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,167 sqftAED 2,596/sqftAED 3,029,000
5 Feb 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,324 sqftAED 1,888/sqftAED 2,500,000
30 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,186 sqftAED 2,066/sqftAED 2,450,000
27 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,322 sqftAED 2,066/sqftAED 2,731,000
13 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,221 sqftAED 1,966/sqftAED 2,400,000
7 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,221 sqftAED 2,089/sqftAED 2,550,000
6 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties2 B/R1,354 sqftAED 1,883/sqftAED 2,550,000
6 Jan 2026Business BayPARAMOUNT TOWER HOTEL & RESIDENCESFlatExisting Properties3 B/R1,645 sqftAED 2,122/sqftAED 3,490,000
26 Dec 2025Business BayPARAMOUNT TOWER HOTEL & RESIDENCESHotel RoomsExisting PropertiesStudio520 sqftAED 1,212/sqftAED 630,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.