What is the handover date for Paramount Tower Hotel & Residences?

Paramount Tower Hotel & Residences is scheduled for handover in Q1 2022.

What is the starting price of Paramount Tower Hotel & Residences?

Prices start from AED 1,359,750. Contact our team for current availability.

Who is the developer of Paramount Tower Hotel & Residences?

Paramount Tower Hotel & Residences is being developed by DAMAC Properties.

Where is Paramount Tower Hotel & Residences located?

Paramount Tower Hotel & Residences is located in Millennium Atria, The Atria, Business Bay, Dubai, UAE.

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Paramount Tower Hotel & Residences

Millennium Atria, The Atria, Business Bay, Dubai, UAE

DeveloperDAMAC PropertiesView developer profile

DLD Waiver

—

Discount

—

Handover

Q1 2022

Post Handover

—

Starting price

AED 1,359,750

Market Intelligence

Completed transactions in Business Bay

Median sale price/sqft

AED 2,226/sqft+9.1%

Median sale price

AED 1,540,000

Gross rental yield

6.2%

Median annual rent

AED 95,040

Median price/sqft over time

Jan 24Range AED 1,993 – AED 2,291Dec 24

Community activity

LiquidityStrongPrice momentumRising

16,111 sales and 26,031 rentals in the last 12 months

Primary vs resale

Primary 52.9%Resale 47%

Recent transactions

Date	Building	Beds	Area	Price	AED/sqft
2024-12-31	Al Habtoor Tower	2	1,468 sqft	AED 4,166,752	2,838
2024-12-31	Al Habtoor Tower	3	1,820 sqft	AED 6,143,158	3,376
2024-12-31	Al Habtoor Tower	3	1,820 sqft	AED 6,143,158	3,376
2024-12-31	Al Habtoor Tower	2	1,468 sqft	AED 4,166,752	2,838
2024-12-30	Binghatti Skyrise Tower B	Studio	434 sqft	AED 975,000	2,247
2024-12-30	Binghatti Skyrise Tower C	2	1,397 sqft	AED 3,241,000	2,319

Estimates are based on completed transactions and are not an official valuation. Data as of 2024-12-31.

Request the full payment plan for Paramount Tower Hotel & Residences

Our team will send you the complete payment schedule, floor plans and current offer from DAMAC Properties.

• Full payment plan + down payment
• Available unit types and launch prices
• Early-bird offers before public launch

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Frequently asked questions about Paramount Tower Hotel & Residences

What is the handover date for Paramount Tower Hotel & Residences?: Paramount Tower Hotel & Residences is scheduled for handover in Q1 2022.
What is the starting price of Paramount Tower Hotel & Residences?: Prices start from AED 1,359,750. Contact our team for current availability.
Who is the developer of Paramount Tower Hotel & Residences?: Paramount Tower Hotel & Residences is being developed by DAMAC Properties.
Where is Paramount Tower Hotel & Residences located?: Paramount Tower Hotel & Residences is located in Millennium Atria, The Atria, Business Bay, Dubai, UAE.