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Paramount Tower Hotel & Residences
Business Bay DAMACDLD project 1665
Towers along the Dubai Water Canal in Business Bay, Dubai. Area photo, not this projectPhoto: Sergei Gussev, Wikimedia Commons, CC BY 2.0, resized and cropped
The short answer
Paramount Tower Hotel & Residences is listed as finished on the DLD register. Its 26 home sales over Oct 2025–Sep 2026 registered at a median AED 2.5m, AED 2,036 per sq ft.
DLD registerSourceDLD project registerFigureas the register lists itDatasales to 5 Oct 2026 · DLD register read 13 Oct 2026How it is worked out
Finished
project 1665
Sales since Jan 2019SourceDLD registered salesWindowJan 2019–5 Oct 2026Based on932 salesFigurecount of registered sales of every typeDatasales to 5 Oct 2026How it is worked out
932
registered with DLD, all types
Median 2 BRSourceDLD registered salesWindowOct 2025–Sep 2026Based on17 salesFiguremedian price and median price per sq ft of home sales of this sizeDatasales to 5 Oct 2026How it is worked out
AED 2.6m
AED 2,019/sq ft · 17 sales
Median home priceSourceDLD registered salesWindowOct 2025–Sep 2026Based on26 salesFiguremedian of registered home sales, not an asking priceDatasales to 5 Oct 2026How it is worked out
AED 2.5m
26 home sales, Oct 2025–Sep 2026
Sales, 12 monthsSourceDLD registered salesWindowOct 2025–Sep 2026Based on36 salesFigureregistered sales of every property typeDatasales to 5 Oct 2026How it is worked out
36
−42% on Oct 2024–Sep 2025
Registered prices of 1-bedroom homes here, Oct 2025–Sep 2026
Lower quartile, median and upper quartile of 6 home sales; median size 898 sq ft.
The DLD project register
FinishedFinished on the DLD register
100% built at DLD’s inspection on 15 Nov 2021.
- DLD project number
- 1665
- Status
- Finished
- Completion date
- 29 Mar 2022
- Start date
- 1 Jul 2015
- Registered
- 21 Jun 2015
- Developer
- Namaa Properties Development L.L.C · DLD developer 965
- Escrow account bank
- Commercial Bank Of Dubai(Psc)
- Units
- 799
- Buildings
- 1: Paramount Tower Hotel & Residences
Inspection history: 15 inspections on the register
| Inspection date | Built |
|---|---|
| 15 Nov 2021 | 100% |
| 26 Apr 2021 | 95.22% |
| 7 Oct 2020 | 88.05% |
| 23 Mar 2020 | 75.02% |
| 6 Nov 2019 | 65.11% |
| 16 Jun 2019 | 50.06% |
| 10 Dec 2018 | 35.04% |
| 26 Jul 2018 | 26.89% |
| 25 Mar 2018 | 24.02% |
| 20 Nov 2017 | 20.03% |
| 19 Jul 2017 | 16.04% |
| 16 Mar 2017 | 11.7% |
| 12 Jul 2016 | 9.2% |
| 8 Feb 2016 | 6.1% |
| 1 Oct 2015 | 0.49% |
Source: Dubai Land Department project register, read 13 Oct 2026. The register’s own figures, shown as it lists them.
Developer’s reply: none yet. DAMAC can send a reply about these figures; replies are checked before they’re published and never change a number. How developers reply
Statement ID S-1665-H1 · DLD register read 13 Oct 2026
Home prices by size
registered home sales, Oct 2025–Sep 2026| Size | Sales | Median price | Median AED /sq ft | Median size, sq ft |
|---|---|---|---|---|
| 1 BR | 6 | AED 1.8m | 2,115 | 898 |
| 2 BR | 17 | AED 2.6m | 2,019 | 1,290 |
| 3 BR | 3 · fewer than 5 | — | — | — |
Medians of registered flat and villa sales with no data-quality flag; a size with fewer than 5 sales shows no median.
Check an asking price
use the size on the sale contractEnter the size and the asking price to compare them with registered sales.
The size starts at the median registered size for that size here; use the size on your sale contract. Fees as listed on DLD’s Property Sale Registration page. Compare with other projects in the price check
Latest registered sales
All recent sales| Date | Type | Sq ft | Price | AED /sq ft | vs area |
|---|---|---|---|---|---|
| 7 Sep 2026 | Flat · 2 BR Ready | 1,167 | AED 2.4m | 2,014 | −17% |
| 13 Aug 2026 | Flat · 2 BR Ready | 1,364 | AED 2.7m | 1,998 | −18% |
| 3 Jul 2026 | Hotel Rooms · Studio Ready | 477 | AED 777k | — | — |
| 29 Jun 2026 | Flat · 2 BR Ready | 1,290 | AED 2.7m | 2,059 | −15% |
| 25 Jun 2026 | Flat · 2 BR Ready | 1,364 | AED 3.2m | 2,346 | −4% |
| 16 Jun 2026 | Hotel Rooms · 1 BR Ready | 843 | AED 2.0m | — | — |
| 9 Jun 2026 | Flat · 3 BR Ready | 1,644 | AED 3.0m | 1,825 | −27% |
| 5 Jun 2026 | Flat · 3 BR Ready | 1,644 | AED 2.8m | 1,700 | −32% |
| 22 May 2026 | Hotel Rooms · Studio Ready | 520 | AED 830k | — | — |
| 22 May 2026 | Hotel Rooms · Studio Ready | 628 | AED 960k | — | — |
Every type of sale, newest first; DLD publishes no time of day. Price per sq ft for homes only. “vs area”: against the median for that size in Business Bay, Oct 2025–Sep 2026.
DAMAC’s newest ads
None of DAMAC’s 39 running ads names Paramount Tower Hotel & Residences; these are the newest, from Meta’s Ad Library on 26 Oct 2026. Prices and claims in ads are the developer’s, not checked against DLD records.
A new wave of luxury living is taking shape on Dubai’s coastline. DAMAC Bay by Cavalli has reached 35% overall progress, with 65% of the superstructure complete and 15% of the facade now taking shape. As the vision rises, a new expression of coastal luxury draws closer to reality. #DAMAC #DAMACBayByCavalli #LuxuryLiving #ConstructionUpdate
Your new view is waiting. Introducing Sorrento Lagoon Views, with studios and 1-Bedroom apartments. #DAMAC #LuxuryLiving #SorrentoLagoonViews
50,000+ homes delivered, shaped by the relationships behind them. A few words from valued partners who have been part of the journey. #DAMAC #DAMAC50K #OneFamily
Business Bay market insights
Registered with DLD under the district Business Bay, 2019 to 5 Oct 2026.
AED 2,058Sep 2026−1%on Oct 2023
Each point is the median price per square foot of the month’s registered home sales (flats and villas). A month with fewer than 10 home sales is left as a gap. Registered prices, not asking prices.
Most sold size
1 bedroom
Share of the home sales over Oct 2025–Sep 2026 that recorded a bedroom count
Sales a year
13,134 sales2025+480%on 2019
Full years only, registered sales of every type. 4,953 sales in 2026 to 5 Oct.
Off-plan share
57% of the 8,128 sales over Oct 2025–Sep 2026 were registered as off-plan, DLD’s own registration type.
The full record
every figure behind the summarySales by year and by month
| Year | Sales | Off-plan | Ready | Value | Median home price | Median AED /sq ft |
|---|---|---|---|---|---|---|
| 2019 | 150 | 150 | 0 | AED 244m | AED 1.7m | 1,749 |
| 2020 | 154 | 154 | 0 | AED 262m | AED 1.7m | 1,319 |
| 2021 | 132 | 110 | 22 | AED 242m | AED 2.0m | 1,576 |
| 2022 | 196 | 0 | 196 | AED 346m | AED 2.0m | 1,622 |
| 2023 | 127 | 0 | 127 | AED 265m | AED 2.2m | 1,796 |
| 2024 | 98 | 0 | 98 | AED 218m | AED 2.3m | 1,887 |
| 2025 | 50 | 0 | 50 | AED 99.9m | AED 2.3m | 1,942 |
| 2026 to 5 Oct | 25 | 0 | 25 | AED 55.1m | AED 2.5m | 2,054 |
Sales and value: registered sales of every property type since Jan 2019. Off-plan: DLD’s registration type; Ready: every other sale. Medians: home sales only, shown with 5 or more.
932sales registered, Jan 2019 to Sep 2026
Every registered sale, all property types.
Other projects in Business Bay
8,128 sales were registered in Business Bay over Oct 2025–Sep 2026, with homes at a median AED 2,082 per sq ft over Jul–Sep 2026.
| Project | Developer | DLD register | Sales, Oct 2025–Sep 2026 | Median home price |
|---|---|---|---|---|
| Binghatti Aquarise | Binghatti | Due Oct 2026 | 602 | AED 2.0m |
| Binghatti Skyrise | Binghatti | Due Dec 2026 | 434 | AED 1.5m |
| Downtown Residences | Deyaar | Due Dec 2030 | 364 | AED 2.6m |
| Hq by Rove | Irth | Due Mar 2029 | 328 | — |
| Binghatti Skyhall | Binghatti | Due Aug 2026 | 232 | AED 1.4m |
| Al Habtoor Tower | Al Habtoor | Due Dec 2026 | 216 | AED 3.4m |
| Peninsula Four | Select Group | Finished | 212 | AED 2.0m |
| One by Binghatti | Binghatti | Due May 2026 | 212 | AED 3.1m |
| Tiger Sky Tower | Tiger | No completion date | 174 | AED 3.1m |
| Peninsula Three | Select Group | Finished | 170 | AED 1.7m |
| Avarra by Palace | Emaar | Due Jun 2031 | 155 | AED 3.2m |
| DAMAC Towers by Paramount | DAMAC | Finished | 151 | AED 1.7m |
Median home price over Oct 2025–Sep 2026, shown with 5 or more home sales.
Other projects by DAMAC
| Project | Area | Completion date | Built | Sales, Oct 2025–Sep 2026 |
|---|---|---|---|---|
| DAMAC Lagoons - Valencia | Al Hebiah Fifth | Feb 2028 | 5.2% | 1,278 |
| DAMAC District | DAMAC Hills | Mar 2029 | 4.1% | 705 |
| DAMAC Riverside Views - Azure 2 | Dubai Investment Park Second | Mar 2029 | 5.8% | 692 |
| DAMAC Riverside Views - Capri 1 | Dubai Investment Park Second | Mar 2029 | 8.2% | 638 |
| DAMAC Lagoons - Lagoon Views 13 | Al Hebiah Fifth | Dec 2027 | 6% | 525 |
| DAMAC Islands 2 - Bahamas 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 497 |
| DAMAC Islands 2 - Bahamas 1 | Al Yelayiss 1 | Jun 2030 | 0.3% | 476 |
| DAMAC Islands 2 - Cuba | Al Yelayiss 1 | Jun 2030 | 0.2% | 439 |
| DAMAC Islands 2 - Bermuda | Al Yelayiss 1 | Jun 2030 | 0.2% | 401 |
| Chelsea Residences 2 by DAMAC | Dubai Maritime City | Dec 2029 | 5.4% | 394 |
| DAMAC Islands 2 - Tahiti 2 | Al Yelayiss 1 | Jun 2030 | 0.3% | 378 |
| DAMAC Islands 2 - Maui | Al Yelayiss 1 | Jun 2030 | 0.2% | 347 |
More from DAMAC
Every DAMAC projectDubai, general view
DAMAC Lagoons - Valencia
Al Hebiah Fifth · DAMAC
Due Feb 2028DLD register
Median home price, Oct 2025–Sep 2026AED 785k
DAMAC Hills · area photo
DAMAC District
DAMAC Hills · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.3m
Dubai, general view
DAMAC Riverside Views - Azure 2
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.1m
Dubai, general view
DAMAC Riverside Views - Capri 1
Dubai Investment Park Second · DAMAC
Due Mar 2029DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Lagoons - Lagoon Views 13
Al Hebiah Fifth · DAMAC
Due Dec 2027DLD register
Median home price, Oct 2025–Sep 2026AED 1.2m
Dubai, general view
DAMAC Islands 2 - Bahamas 2
Al Yelayiss 1 · DAMAC
Due Jun 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.8m
Photos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Motor City by أمين علوان (Wikimedia Commons, CC BY-SA 4.0); Sheikh Zayed Road from above by monicker (Wikimedia Commons, CC BY-SA 3.0). Resized and cropped.
More projects in Business Bay
Everything in Business BayBusiness Bay · area photo
Binghatti Aquarise
Business Bay · Binghatti
Due Oct 2026DLD register
Median home price, Oct 2025–Sep 2026AED 2.0m
Business Bay · area photo
Binghatti Skyrise
Business Bay · Binghatti
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.5m
Business Bay · area photo
Downtown Residences
Business Bay · Deyaar
Due Dec 2030DLD register
Median home price, Oct 2025–Sep 2026AED 2.6m
Business Bay · area photo
Business Bay · area photo
Binghatti Skyhall
Business Bay · Binghatti
Due Aug 2026DLD register
Median home price, Oct 2025–Sep 2026AED 1.4m
Business Bay · area photo
Al Habtoor Tower
Business Bay · Al Habtoor
Due Dec 2026DLD register
Median home price, Oct 2025–Sep 2026AED 3.4m
Photo: Business Bay and the Dubai Water Canal by Sergei Gussev (Wikimedia Commons, CC BY 2.0). Resized and cropped.
Before you buy a home in Paramount Tower Hotel & Residences
About Paramount Tower Hotel & Residences
Paramount Tower Hotel & Residences is a DAMAC project in Business Bay, Dubai, registered with the Dubai Land Department as project 1665 by Namaa Properties Development L.L.C. The register lists it as finished.
932 sales have been registered since Jan 2019, the first on 21 Jan 2019, 36 of them over Oct 2025–Sep 2026. Over those twelve months its 26 home sales registered at a median AED 2.5m. These are prices buyers paid, recorded at registration, not asking prices.
By sales since Jan 2019 it is 19th of the 140 projects with a registered sale in Business Bay, and 15th of DAMAC’s 255.
Questions about Paramount Tower Hotel & Residences
Is Paramount Tower Hotel & Residences finished?
Yes. The DLD register lists Paramount Tower Hotel & Residences as finished.
What do homes in Paramount Tower Hotel & Residences sell for?
1 BR: a median AED 1.8m, AED 2,115 per sq ft, from 6 sales; 2 BR: a median AED 2.6m, AED 2,019 per sq ft, from 17 sales. Registered home sales over Oct 2025–Sep 2026, not asking prices.
How many sales has Paramount Tower Hotel & Residences had?
932 sales registered with the Dubai Land Department since Jan 2019, 36 of them over Oct 2025–Sep 2026.
Who is the developer of Paramount Tower Hotel & Residences?
The DLD register lists Namaa Properties Development L.L.C, DLD developer number 965, which we group under DAMAC.
Where is Paramount Tower Hotel & Residences?
In Business Bay, Dubai. The Dubai Land Department registers its sales under the district Business Bay. Homes there registered at a median AED 2,082 per sq ft over Jul–Sep 2026.
Which escrow account does DLD list for Paramount Tower Hotel & Residences?
The DLD project register lists an escrow account with Commercial Bank Of Dubai(Psc) for Paramount Tower Hotel & Residences.
Cite this page
Paramount Tower Hotel & Residences, Business Bay. Real Estate IQ, from DLD registered sales to 5 Oct 2026 and the DLD project register read 13 Oct 2026. dubairealestateiq.com/project/paramount-tower-hotel-and-residences
Sources: Dubai Land Department open data, registered sales to 5 Oct 2026, via Dubai Real Estate Data (CC BY 4.0), processed by Real Estate IQ; DLD project register, read 13 Oct 2026. Registered prices, not asking prices or valuations. How the figures are worked out.
Read next
GuideHow to check a Dubai off-plan project’s completion date
GuideAsking price or registered price: how to check a quote
TrackerActive projects on the DLD register, with their completion datesPhotos: Towers under construction, Dubai by Leandro Neumann Ciuffo (Wikimedia Commons, CC BY 2.0); Dubai Marina at night by Gfilip (Wikimedia Commons, CC BY-SA 4.0); Dubai skyline at dusk by imran shahabuddin (Wikimedia Commons, CC BY 2.0). Resized and cropped.