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Sold for AED 2,550,000: 2-Bedroom Apartment in Paramount Tower Hotel & Residences

Located in Business Bay, Dubai. Its price per sqft is −8% vs the Paramount Tower Hotel & Residences median (AED 2,053/sqft).

All Business Bay salesParamount Tower Hotel & Residences prices

Sale price

AED 2,550,000

Per sqft
AED 1,883
Registered
6 Jan 2026, 13:07 (Dubai)

01 / Price history

This unit's history

Every registration of this 2-bedroom apartment in Paramount Tower Hotel & Residences: same layout, exact size (1,354 sqft) and parking bay P8-24. The registry has no unit numbers, so records are matched on these details.

  1. 6 Jan 2026This sale

    1,354 sqft · AED 1,883/sqft · Ready

    First recordAED 2,550,000

  2. 6 Jan 2026Mortgage

    Same day as previous · 1,354 sqft · AED 1,506/sqft · Ready

    20%lower than the previous recordAED 2,040,000
Records
2
Registered
Same day
as the mortgage, 6 Jan 2026
Loan to value
80%
AED 2.04M mortgage on the AED 2.55M sale

02 / The property

Property details

Size
1,354 sqft · 125.82 m²
Bedrooms
2 BR
Registered as
Sale
Property sub-type
Flat
Usage
Residential
Tenure
Freehold
Parking
P8-24
Nearest metro
Business Bay Metro Station
Nearest mall
Dubai Mall
Nearest landmark
Burj Khalifa

03 / Comparables

All sales in Paramount Tower Hotel & Residences (5 Jan 2026 – 7 Sept 2026)

25 market sales. Percentages compare each sale with this one.

Filter & sort
Comparable market sales. Change is relative to the selected sale.
Sale recordRecordedValue · AEDAED / sqft
7 Sept 20262.35M−8% vs selected2,014+7% vs selected
13 Aug 20262.73M+7% vs selected1,998+6% vs selected
3 Jul 2026777.22K−70% vs selected1,631−13% vs selected
29 Jun 20262.66M+4% vs selected2,059+9% vs selected
25 Jun 20263.2M+25% vs selected2,346+25% vs selected
16 Jun 20262.02M−21% vs selected2,396+27% vs selected
9 Jun 20263M+18% vs selected1,825−3% vs selected
5 Jun 20262.79M+10% vs selected1,700−10% vs selected
22 May 2026830.48K−67% vs selected1,596−15% vs selected
22 May 2026960.37K−62% vs selected1,531−19% vs selected
18 May 20262M−22% vs selected2,054+9% vs selected
8 May 20261.65M−35% vs selected2,423+29% vs selected
6 May 20262.8M+10% vs selected2,053+9% vs selected
24 Feb 20261.3M−49% vs selected2,490+32% vs selected
19 Feb 20261.8M−29% vs selected2,005+6% vs selected
19 Feb 2026821.44K−68% vs selected1,580−16% vs selected
16 Feb 20261.7M−33% vs selected2,491+32% vs selected
6 Feb 20263.03M+19% vs selected2,595+38% vs selected
5 Feb 20262.5M−2% vs selected1,8880% vs selected
29 Jan 20262.45M−4% vs selected2,066+10% vs selected
26 Jan 20262.73M+7% vs selected2,066+10% vs selected
12 Jan 20262.4M−6% vs selected1,966+4% vs selected
7 Jan 20262.55M0% vs selected2,089+11% vs selected
2 BR · 1,354 sqftReadySelected sale
6 Jan 20262.55M1,883
5 Jan 20263.49M+37% vs selected2,122+13% vs selected

04 / Renting it out

What similar apartments rent for

Median of 4 market rents of apartments of 1,151–1,557 sq ft in Paramount Tower Hotel & Residences. The gross yield is that rent against this sale's price, before service charges, fees and empty months.

See these contracts
Median rent / yr
AED 187,500
Per sqft / yr
AED 150/sqft
Gross yield
7.4%