Unit 1508, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 1508 at Paramount Tower Hotel & Residences is a 2 bed of 1,361 sq ft. It last sold for AED 3,093,000 on 20 Aug 2022. At AED 1,779 per sq ft, from 12 sales of units ending 08 (same position in the tower), it is worth about AED 2,421,000 today.

Value todayAED 2,421,000AED 2,367,000 to AED 2,468,000
Last saleAED 3,093,00020 Aug 2022 · Resale
Change since last sale-21.7%Building trend alone: AED 3,297,273
Rent (median asking, 2 bed)AED 160,000Gross yield 6.6%
Bedrooms2 bed
Size1,361 sq ft
Floor15 (from the unit number)
Position in the towerStack 08: units ending 08 share the same layout and view
BuildingParamount Tower Hotel & Residences by DAMAC Properties, handed over 2021
Registered sales of this unit1

Every registered sale of unit 1508

DatePriceSizeAED/sq ftType
20 Aug 2022AED 3,093,0001,361 sq ft2,273Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
390815 Oct 2026AED 2,742,6511,644 sq ft1,668Resale
60089 Jun 2026AED 3,000,0001,644 sq ft1,825Resale
41085 Jun 2026AED 2,794,3981,644 sq ft1,700Resale
190822 May 2026AED 830,484520 sq ft1,597Resale
380822 Aug 2025AED 2,975,0001,644 sq ft1,810Resale
250818 Jul 2025AED 1,295,000520 sq ft2,490Resale
390817 Jul 2025AED 2,950,0001,644 sq ft1,794Resale
52089 Jun 2025AED 2,900,0001,644 sq ft1,764Resale

Latest 2 bed sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
41027 Sep 2026AED 2,350,0001,167 sq ft2,014Resale
290713 Aug 2026AED 2,725,0001,364 sq ft1,998Resale
411129 Jun 2026AED 2,655,0001,290 sq ft2,058Resale
350725 Jun 2026AED 3,200,0001,364 sq ft2,346Resale
28076 May 2026AED 2,800,0001,364 sq ft2,053Resale
45026 Feb 2026AED 3,029,0001,167 sq ft2,596Resale
26115 Feb 2026AED 2,500,0001,324 sq ft1,888Resale
511029 Jan 2026AED 2,450,0001,186 sq ft2,066Resale

How we worked out the value

We took the 12 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,779). We multiplied it by the size of this unit (1,361 sq ft). The range uses the middle half of those sales (AED 1,739 to AED 1,813 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 3,297,273. Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 1508 at Paramount Tower Hotel & Residences worth?

About AED 2,421,000 (range AED 2,367,000 to AED 2,468,000), based on AED 1,779 per sq ft from registered sales up to 15 Oct 2026.

When did unit 1508 last sell?

20 Aug 2022, for AED 3,093,000 (resale). It has 1 registered sale.

What rent can unit 1508 make?

A 2 bed in Paramount Tower Hotel & Residences rents for about AED 160,000 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for Paramount Tower Hotel & ResidencesAll sales in Paramount Tower Hotel & Residences

Unit 1507 · Unit 1509