Unit 1717, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 1717 at Paramount Tower Hotel & Residences is a studio of 520 sq ft. It last sold for AED 1,295,000 on 11 Jul 2023. At AED 1,597 per sq ft, from 9 sales in the building in the last 12 months (studio), it is worth about AED 830,000 today.

Value todayAED 830,000AED 805,000 to AED 932,000
Last saleAED 1,295,00011 Jul 2023 · Resale
Change since last sale-35.9%Building trend alone: AED 1,408,973
Rent (median asking, studio)AED 68,000Gross yield 8.2%
Bedroomsstudio
Size520 sq ft
Floor17 (from the unit number)
Position in the towerStack 17: units ending 17 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 1717

DatePriceSizeAED/sq ftType
11 Jul 2023AED 1,295,000520 sq ft2,490Resale

Units ending 17 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
161719 Nov 2025AED 804,775520 sq ft1,548Resale
191721 Dec 2022AED 1,295,000520 sq ft2,490Resale
161723 Nov 2022AED 847,000520 sq ft1,629Resale
211711 Oct 2022AED 830,060520 sq ft1,596Resale
201724 Aug 2022AED 1,295,000520 sq ft2,490Resale
24175 Oct 2021AED 1,100,000520 sq ft2,115Off-plan

Latest studio sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
23253 Jul 2026AED 777,215477 sq ft1,629Resale
172322 May 2026AED 960,367627 sq ft1,532Resale
190822 May 2026AED 830,484520 sq ft1,597Resale
222224 Feb 2026AED 1,295,000520 sq ft2,490Resale
151119 Feb 2026AED 821,443520 sq ft1,580Resale
231826 Dec 2025AED 630,000520 sq ft1,212Resale
161719 Nov 2025AED 804,775520 sq ft1,548Resale
250927 Oct 2025AED 932,000520 sq ft1,792Resale

How we worked out the value

We took the 9 sales in Paramount Tower Hotel & Residences in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,597). We multiplied it by the size of this unit (520 sq ft). The range uses the middle half of those sales (AED 1,548 to AED 1,792 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,408,973. 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 1717 at Paramount Tower Hotel & Residences worth?

About AED 830,000 (range AED 805,000 to AED 932,000), based on AED 1,597 per sq ft from registered sales up to 15 Oct 2026.

When did unit 1717 last sell?

11 Jul 2023, for AED 1,295,000 (resale). It has 1 registered sale.

What rent can unit 1717 make?

A studio in Paramount Tower Hotel & Residences rents for about AED 68,000 a year (median asking rent). That is a gross yield of 8.2% on the estimate.

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

Unit 1716 · Unit 1718