Unit 3806, Paramount Tower Hotel & Residences: what it sold for and what it is worth now

Unit 3806 at Paramount Tower Hotel & Residences is a 3 bed of 1,586 sq ft. It last sold for AED 2,750,000 on 5 Feb 2024. At AED 1,762 per sq ft, from 4 sales in the building in the last 12 months (3 bed), it is worth about AED 2,795,000 today.

Value todayAED 2,795,000AED 2,683,000 to AED 3,012,000
Last saleAED 2,750,0005 Feb 2024 · Resale
Change since last sale+1.6%Building trend alone: AED 2,907,716
Rent (median asking, 3 bed)AED 240,000Gross yield 8.6%
Bedrooms3 bed
Size1,586 sq ft
Floor38 (from the unit number)
Position in the towerStack 06: units ending 06 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 3806

DatePriceSizeAED/sq ftType
5 Feb 2024AED 2,750,0001,586 sq ft1,734Resale
24 Oct 2021AED 2,541,4051,586 sq ft1,602Off-plan

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
480620 Mar 2025AED 3,573,5001,586 sq ft2,253Resale
610610 Feb 2025AED 3,000,0001,584 sq ft1,894Resale
410618 Mar 2024AED 3,835,2001,586 sq ft2,418Resale
59068 Dec 2023AED 3,000,0001,584 sq ft1,894Resale
280624 Nov 2023AED 2,300,0001,321 sq ft1,741Resale
290619 Oct 2023AED 2,300,0001,321 sq ft1,741Resale
47069 Oct 2023AED 3,300,0001,586 sq ft2,081Resale
530618 Sep 2023AED 2,850,0001,586 sq ft1,797Resale

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 sales in Paramount Tower Hotel & Residences in the last 12 months (3 bed), worked out the price per sq ft of each, and used the middle value (AED 1,762). We multiplied it by the size of this unit (1,586 sq ft). The range uses the middle half of those sales (AED 1,692 to AED 1,899 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 2,907,716. 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 3806 at Paramount Tower Hotel & Residences worth?

About AED 2,795,000 (range AED 2,683,000 to AED 3,012,000), based on AED 1,762 per sq ft from registered sales up to 15 Oct 2026.

When did unit 3806 last sell?

5 Feb 2024, for AED 2,750,000 (resale). It has 2 registered sales.

What rent can unit 3806 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 8.6% on the estimate.

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

Unit 3805 · Unit 3807