Unit 2704, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 2704 at Paramount Tower Hotel & Residences is a 2 bed of 1,288 sq ft. It last sold for AED 1,615,152 on 12 Feb 2020. At AED 1,941 per sq ft, from 3 sales of units ending 04 (same position in the tower), it is worth about AED 2,500,000 today.

Value todayAED 2,500,000AED 2,500,000 to AED 2,629,000
Last saleAED 1,615,15212 Feb 2020 · Off-plan
Change since last sale+54.8% 
Rent (median asking, 2 bed)AED 160,000Gross yield 6.4%
Bedrooms2 bed
Size1,288 sq ft
Floor27 (from the unit number)
Position in the towerStack 04: units ending 04 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 2704

DatePriceSizeAED/sq ftType
12 Feb 2020AED 1,615,1521,288 sq ft1,254Off-plan

Units ending 04 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
330423 Sep 2025AED 2,500,0001,288 sq ft1,941Resale
280427 May 2025AED 2,500,0001,288 sq ft1,941Resale
400419 Dec 2024AED 2,400,0001,121 sq ft2,141Resale
580410 Jun 2024AED 1,820,000921 sq ft1,976Resale
590428 Mar 2024AED 1,750,000921 sq ft1,900Resale
620427 Feb 2024AED 1,950,0001,040 sq ft1,875Resale
570427 Feb 2024AED 1,800,000921 sq ft1,954Resale
600422 Sep 2023AED 2,070,0001,121 sq ft1,847Resale

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 3 resale sales of units ending 04 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,941). We multiplied it by the size of this unit (1,288 sq ft). The range uses the middle half of those sales (AED 1,941 to AED 2,041 per sq ft). 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 2704 at Paramount Tower Hotel & Residences worth?

About AED 2,500,000 (range AED 2,500,000 to AED 2,629,000), based on AED 1,941 per sq ft from registered sales up to 15 Oct 2026.

When did unit 2704 last sell?

12 Feb 2020, for AED 1,615,152 (off-plan). It has 1 registered sale.

What rent can unit 2704 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 6.4% on the estimate.

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

Unit 2703 · Unit 2706