Unit 1820, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 1820 at Paramount Tower Hotel & Residences is a studio of 520 sq ft. It last sold for AED 875,400 on 15 Jul 2024. 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 875,40015 Jul 2024 · Resale
Change since last sale-5.2%Building trend alone: AED 903,846
Rent (median asking, studio)AED 68,000Gross yield 8.2%
Bedroomsstudio
Size520 sq ft
Floor18 (from the unit number)
Position in the towerStack 20: units ending 20 share the same layout and view
BuildingParamount Tower Hotel & Residences by DAMAC Properties, handed over 2021
Registered sales of this unit2

Every registered sale of unit 1820

DatePriceSizeAED/sq ftType
15 Jul 2024AED 875,400520 sq ft1,683Resale
7 Dec 2022AED 847,000520 sq ft1,629Resale

Units ending 20 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
202020 Feb 2024AED 1,400,000520 sq ft2,692Resale
162013 Feb 2023AED 1,295,000520 sq ft2,490Resale
17209 Feb 2023AED 1,295,000520 sq ft2,490Resale
232014 Dec 2022AED 900,000520 sq ft1,731Resale
24207 Jun 2022AED 1,293,000520 sq ft2,487Resale
252024 Feb 2022AED 1,144,000520 sq ft2,200Resale
192026 Dec 2021AED 1,098,000520 sq ft2,112Resale
232028 Jul 2021AED 1,098,000520 sq ft2,112Off-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 903,846. 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 1820 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 1820 last sell?

15 Jul 2024, for AED 875,400 (resale). It has 2 registered sales.

What rent can unit 1820 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 1819 · Unit 1821