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PARAMOUNT TOWER HOTEL & RESIDENCES

Project

NAMAA PROPERTIES DEVELOPMENT L.L.C

Project typeBuildings

Master developerالخليج التجاري (ش.ذ.م.م)

Escrow agentبنك دبي التجاري (ش.م.ع)

StatusFinished

Completed100%

Start2015-07-01

Handover2022-03-29

Buildings1

Office8

Shop6

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.

Buildings

PARAMOUNT TOWER HOTEL & RESIDENCES 1

Floors65

Office8

Shop6

Parking542

Apartments

Studio6

1 B/R105

2 B/R320

3 B/R78

Hotel Rooms281

Shop

Shop7

Office

Office2

Official sales

Sales from 2014–2026

Number of sale deals1,070

Apartment1,069

Median sale price1,937,624 AED

Median price per sqft1,802 AED

Studio215

Median sale price1,185,000 AED

Median price per sqft2,301 AED

1 B/R229

Median sale price1,625,000 AED

Median price per sqft1,866 AED

2 B/R503

Median sale price2,100,000 AED

Median price per sqft1,684 AED

3 B/R122

Median sale price2,830,640 AED

Median price per sqft1,733 AED

Whole building1

Median sale price140,000,000 AED

Median price per sqft5,988 AED

Official rent

Rent from 2022–2026

Number of rent contracts1,218

Apartment1,209

Studio16

Median year rent72,399 AED

1 bedroom257

Median year rent105,000 AED

2 bedrooms790

Median year rent160,000 AED

3 bedrooms146

Median year rent205,000 AED

Shop8

Hotel1