Unit 2709, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 2709 at Paramount Tower Hotel & Residences is a 1 bed of 965 sq ft. It last sold for AED 2,000,000 on 30 May 2024. At AED 1,962 per sq ft, from 8 sales of units ending 09 (same position in the tower), it is worth about AED 1,893,000 today.

Value todayAED 1,893,000AED 1,736,000 to AED 2,037,000
Last saleAED 2,000,00030 May 2024 · Resale
Change since last sale-5.3%Building trend alone: AED 2,064,991
Rent (median asking, 1 bed)AED 115,000Gross yield 6.1%
Bedrooms1 bed
Size965 sq ft
Floor27 (from the unit number)
Position in the towerStack 09: units ending 09 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 2709

DatePriceSizeAED/sq ftType
30 May 2024AED 2,000,000965 sq ft2,073Resale

Units ending 09 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
410912 Jan 2026AED 2,400,0001,221 sq ft1,966Resale
54097 Jan 2026AED 2,550,0001,221 sq ft2,088Resale
260919 Nov 2025AED 2,100,000965 sq ft2,176Resale
250927 Oct 2025AED 932,000520 sq ft1,792Resale
460921 Aug 2025AED 2,390,0001,221 sq ft1,957Resale
400924 Feb 2025AED 2,200,0001,221 sq ft1,802Resale
62096 Nov 2024AED 2,350,0001,316 sq ft1,786Resale
260931 Oct 2024AED 2,115,570965 sq ft2,192Resale

Latest 1 bed sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
551315 Oct 2026AED 1,400,000679 sq ft2,062Resale
182716 Jun 2026AED 2,018,990843 sq ft2,395Resale
351018 May 2026AED 2,000,000974 sq ft2,053Resale
60138 May 2026AED 1,650,000681 sq ft2,423Resale
281519 Feb 2026AED 1,800,000898 sq ft2,004Resale
601216 Feb 2026AED 1,700,000683 sq ft2,489Resale
341511 Dec 2025AED 1,790,000898 sq ft1,993Resale
260919 Nov 2025AED 2,100,000965 sq ft2,176Resale

How we worked out the value

We took the 8 resale sales of units ending 09 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,962). We multiplied it by the size of this unit (965 sq ft). The range uses the middle half of those sales (AED 1,799 to AED 2,110 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,064,991. 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 2709 at Paramount Tower Hotel & Residences worth?

About AED 1,893,000 (range AED 1,736,000 to AED 2,037,000), based on AED 1,962 per sq ft from registered sales up to 15 Oct 2026.

When did unit 2709 last sell?

30 May 2024, for AED 2,000,000 (resale). It has 1 registered sale.

What rent can unit 2709 make?

A 1 bed in Paramount Tower Hotel & Residences rents for about AED 115,000 a year (median asking rent). That is a gross yield of 6.1% on the estimate.

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

Unit 2707 · Unit 2710