Unit 3705, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 3705 at Paramount Tower Hotel & Residences is a 3 bed of 1,900 sq ft. It last sold for AED 2,650,000 on 8 Feb 2024. At AED 2,045 per sq ft, from 4 sales of units ending 05 (same position in the tower), it is worth about AED 3,885,000 today.

Value todayAED 3,885,000AED 3,754,000 to AED 4,045,000
Last saleAED 2,650,0008 Feb 2024 · Resale
Change since last sale+46.6%Building trend alone: AED 2,801,981
Rent (median asking, 3 bed)AED 240,000Gross yield 6.2%
Bedrooms3 bed
Size1,900 sq ft
Floor37 (from the unit number)
Position in the towerStack 05: units ending 05 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 3705

DatePriceSizeAED/sq ftType
8 Feb 2024AED 2,650,0001,900 sq ft1,395Resale
29 Sep 2020AED 2,850,0001,900 sq ft1,500Off-plan

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
310521 Nov 2025AED 2,600,0001,288 sq ft2,019Resale
31053 Dec 2024AED 2,380,0001,288 sq ft1,848Resale
580529 Nov 2024AED 2,000,000869 sq ft2,301Resale
57054 Nov 2024AED 1,800,000869 sq ft2,071Resale
390520 Sep 2024AED 2,339,0001,166 sq ft2,006Resale
46051 Aug 2024AED 2,300,0001,166 sq ft1,973Resale
260523 Jul 2024AED 2,300,0001,288 sq ft1,786Resale
320510 Jul 2024AED 2,325,0001,288 sq ft1,805Resale

Latest 3 bed sales in Paramount Tower Hotel & Residences

UnitDatePriceSizeAED/sq ftType
390815 Oct 2026AED 2,742,6511,644 sq ft1,668Resale
60089 Jun 2026AED 3,000,0001,644 sq ft1,825Resale
41085 Jun 2026AED 2,794,3981,644 sq ft1,700Resale
40075 Jan 2026AED 3,490,0001,645 sq ft2,122Resale
380822 Aug 2025AED 2,975,0001,644 sq ft1,810Resale
390817 Jul 2025AED 2,950,0001,644 sq ft1,794Resale
52089 Jun 2025AED 2,900,0001,644 sq ft1,764Resale
480620 Mar 2025AED 3,573,5001,586 sq ft2,253Resale

How we worked out the value

We took the 4 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,045). We multiplied it by the size of this unit (1,900 sq ft). The range uses the middle half of those sales (AED 1,976 to AED 2,129 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,801,981. 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 3705 at Paramount Tower Hotel & Residences worth?

About AED 3,885,000 (range AED 3,754,000 to AED 4,045,000), based on AED 2,045 per sq ft from registered sales up to 15 Oct 2026.

When did unit 3705 last sell?

8 Feb 2024, for AED 2,650,000 (resale). It has 2 registered sales.

What rent can unit 3705 make?

A 3 bed in Paramount Tower Hotel & Residences rents for about AED 240,000 a year (median asking rent). That is a gross yield of 6.2% on the estimate.

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

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