Unit 2123, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 2123 at Paramount Tower Hotel & Residences is a studio of 627 sq ft. It last sold for AED 2,035,000 on 21 Dec 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 1,001,000 today.

Value todayAED 1,001,000AED 970,000 to AED 1,124,000
Last saleAED 2,035,00021 Dec 2023 · Resale
Change since last sale-50.8%Building trend alone: AED 2,162,800
Rent (median asking, studio)AED 68,000Gross yield 6.8%
Bedroomsstudio
Size627 sq ft
Floor21 (from the unit number)
Position in the towerStack 23: units ending 23 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 2123

DatePriceSizeAED/sq ftType
21 Dec 2023AED 2,035,000627 sq ft3,246Resale
2 Jun 2020AED 1,236,750627 sq ft1,972Off-plan

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
172322 May 2026AED 960,367627 sq ft1,532Resale
182327 Feb 2023AED 1,562,000627 sq ft2,491Resale
172314 Dec 2022AED 1,562,000627 sq ft2,491Resale
252316 Aug 2022AED 1,562,000627 sq ft2,491Resale
222316 Aug 2022AED 1,562,000627 sq ft2,491Resale
232316 Aug 2022AED 1,562,000627 sq ft2,491Resale
24238 Aug 2022AED 1,128,000627 sq ft1,799Resale
16237 Jun 2020AED 1,455,000627 sq ft2,321Off-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 (627 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 2,162,800. 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 2123 at Paramount Tower Hotel & Residences worth?

About AED 1,001,000 (range AED 970,000 to AED 1,124,000), based on AED 1,597 per sq ft from registered sales up to 15 Oct 2026.

When did unit 2123 last sell?

21 Dec 2023, for AED 2,035,000 (resale). It has 2 registered sales.

What rent can unit 2123 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 6.8% on the estimate.

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

Unit 2121 · Unit 2124