Paramount Tower Hotel & Residences
DAMAC · Business Bay · 799 homes · Completed
A completed DAMAC project in Business Bay: 799 homes, handed over in Nov 2021, a quarter ahead of the Q1 2022 date on the register. Registered resales from Jul 2025 to Jun 2026 had a median of AED 2,021 per sqft, 7% above the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q4 2015 | 1,881 | 43 |
| Q1 2016 | 1,870 | 24 |
| Q2 2016 | 1,835 | 11 |
| Q3 2016 | 2,136 | 10 |
| Q1 2019 | 1,814 | 18 |
| Q2 2019 | 1,718 | 21 |
| Q3 2019 | 1,780 | 21 |
| Q4 2019 | 1,733 | 50 |
| Q1 2020 | 1,275 | 70 |
| Q2 2020 | 1,343 | 22 |
| Q3 2020 | 1,395 | 15 |
| Q4 2020 | 1,675 | 17 |
| Q1 2021 | 1,404 | 16 |
| Q2 2021 | 1,599 | 12 |
| Q3 2021 | 1,585 | 31 |
| Q4 2021 | 1,606 | 51 |
| Q1 2022 | 1,581 | 33 |
| Q2 2022 | 1,583 | 17 |
| Q3 2022 | 1,709 | 23 |
| Q4 2022 | 1,709 | 27 |
| Q1 2023 | 1,873 | 20 |
| Q2 2023 | 1,709 | 28 |
| Q3 2023 | 1,828 | 18 |
| Q4 2023 | 1,805 | 26 |
| Q1 2024 | 1,874 | 23 |
| Q2 2024 | 1,813 | 17 |
| Q3 2024 | 1,799 | 14 |
| Q4 2024 | 1,936 | 22 |
| Q1 2025 | 1,802 | 11 |
| Q2 2025 | 1,942 | 11 |
| Q3 2025 | 1,950 | 10 |
| Q1 2026 | 2,066 | 10 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs delivered. Launch to today.
22% under the Business Bay median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When was Paramount Tower Hotel & Residences handed over?
In Nov 2021, when the first ready-market sale was registered. The register declared completion for Q1 2022, so it handed over a quarter early.
What do homes in Paramount Tower Hotel & Residences sell for?
From Jul 2025 to Jun 2026, 34 homes sold on the register at a median of AED 2,021 per sqft and AED 2.5M per home. By unit type: 1 BR AED 1.8M (9 sales), 2 BR AED 2.55M (20 sales), 3 BR AED 2.98M (5 sales). These are registered deeds, not the developer's price list.
Who built Paramount Tower Hotel & Residences?
DAMAC. The project is registered to DAMAC on the Dubai Land Department register, which lists 260 projects for the developer in Dubai, 120 of them under construction. 24 of its 67 dated handovers came within 3 months of the promised date.
How many homes are in Paramount Tower Hotel & Residences?
799, as counted on the Dubai Land Department register. The declared mix: 205 studios, 176 1 BR, 331 2 BR, 78 3 BR.
