Paramount Tower Hotel & Residences in Business Bay - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Paramount Tower Hotel & Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	83	21,463	1,790,000
2	125	20,877	2,600,000

Rents in Paramount Tower Hotel & Residences

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	83	1,687	140,000
2	116	1,564	181,263
3	150	1,565	235,214

The cap rate (rental yield) of investments into Paramount Tower Hotel & Residences project is 7.4% on average.

The price of an apartment in Paramount Tower Hotel & Residences is 21,112 AED/sqm on average.

The long term rent of an apartment in Paramount Tower Hotel & Residences is 1,569 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Paramount Tower Hotel & Residences is 1,790,000 AED or 21,463 AED/sqm.
Price for completed 2 bedroom apartment in Paramount Tower Hotel & Residences is 2,600,000 AED or 20,877 AED/sqm.

Rent for 1 bedroom apartment in Paramount Tower Hotel & Residences is 140,000 AED or 1,687 AED/sqm.
Rent for 2 bedroom apartment in Paramount Tower Hotel & Residences is 181,263 AED or 1,564 AED/sqm.
Rent for 3 bedroom apartment in Paramount Tower Hotel & Residences is 235,214 AED or 1,565 AED/sqm.

About Paramount Tower Hotel & Residences

'Paramount Tower Hotel & Residences' in 'Business Bay' area project description

Paramount Tower Hotel & Residences is a luxurious hotel and residential complex located in the heart of Dubai, UAE. The project is a joint venture between Paramount Hotels & Resorts and Dubai-based developer, Damac Properties. The project consists of two towers, the Paramount Hotel Tower and the Paramount Residences Tower, both of which are located on the iconic Sheikh Zayed Road.

The Paramount Hotel Tower is a 5-star hotel with over 500 rooms and suites, as well as a variety of dining and entertainment options. The hotel also offers a range of amenities, such as a spa, fitness center, and outdoor pool. The Paramount Residences Tower is a luxurious residential complex with over 500 apartments, ranging from one-bedroom to four-bedroom units. The residences also feature a variety of amenities, such as a fitness center, swimming pool, and a private cinema.

The project is designed to be a world-class destination, with a range of amenities and facilities that cater to both business and leisure travelers. The project also features a range of retail and dining options, as well as a variety of entertainment options, such as a nightclub and a cinema. The project also features a range of green spaces, such as a landscaped garden and a jogging track.

The project is located in a prime location, with easy access to the city’s major attractions, such as the Dubai Mall, the Burj Khalifa, and the Dubai Marina. The project is also close to the Dubai International Airport, making it an ideal destination for business and leisure travelers alike.

Overall, Paramount Tower Hotel & Residences is a luxurious hotel and residential complex that offers a range of amenities and facilities for both business and leisure travelers. The project is located in a prime location, with easy access to the city’s major attractions, making it an ideal destination for travelers from all over the world.

Q&A on Paramount Tower Hotel & Residences

What are the advantages of 'Paramount Tower Hotel & Residences' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Paramount Tower Hotel & Residences is located in the heart of Dubai, close to key attractions such as Dubai Marina, Palm Jumeirah, and the iconic Burj Khalifa.

2. Luxury Amenities: The project offers a range of luxurious amenities, such as a private beach, infinity pool, spa, gym, and a range of dining options.

3. High Returns: The project is expected to generate high returns for real estate buyers, due to its prime location and attractive amenities.

4. Flexible Payment Plans: Paramount Tower Hotel & Residences offers flexible payment plans to suit the needs of different buyers.

5. Quality Construction: The project is being developed by a leading developer in Dubai, ensuring high-quality construction and finishes.

What projects are better than 'Paramount Tower Hotel & Residences' project in Dubai which are located close by, and why?

1. The Opus by Omniyat
- Design: Iconic architecture by Zaha Hadid ensures a unique and visually stunning presence.
- Mixed-Use: Offers a mix of residential, hotel, and commercial spaces.
- Amenities: State-of-the-art facilities including rooftop pools, spas, and gourmet dining.

2. AYKON City
- Developer: DAMAC Properties, known for luxury developments.
- Features: Includes hotel apartments, residential units, and office spaces.
- Amenities: Multiple swimming pools, spas, fitness centers, and retail outlets.
- Location: Prime spot with easy access to Sheikh Zayed Road and the Dubai Canal.

3. The Dorchester Collection, Dubai
- Luxury: Collaboration with The Dorchester Collection guarantees unparalleled service and quality.
- Residences: Ultra-luxurious residences with expansive layouts and high-end finishes.
- Amenities: Private rooftop pools, state-of-the-art fitness centers, and top-tier dining options.

4. ICD Brookfield Place
- Commercial Focus: High-end office spaces attracting top-tier global firms.
- Design: Modern architecture with emphasis on sustainability and natural light.
- Amenities: Includes retail spaces, dining options, and open green spaces.

5. Millennium Binghatti Residences
- Developer: Binghatti, known for unique architectural designs.
- Residential Focus: Luxury apartments with distinct architectural exteriors.
- Amenities: Infinity pool, fitness center, and dedicated children’s play areas.

6. SLS Dubai Hotel & Residences
- Design: Striking modern architecture with a focus on luxury interiors.
- Vertical Living: Contemporary residences within a high-rise tower.
- Amenities: Rooftop infinity pools, state-of-the-art gym, and a variety of F&B outlets.

7. Amna Tower at Al Habtoor City
- Location: Prime waterfront property.
- Features: Spacious apartments with luxurious finishes and panoramic views.
- Integrated Development: Part of a larger development including hotels, retail, and entertainment.

8. Volante Tower
- Exclusivity: Limited number of exclusive, high-end residences.
- Design: High-end marble and wood finishes, spacious layouts.
- Amenities: Waterfront views, bespoke in-residence spa, and private cinema.

9. Prestige Tower by The First Group
- Investor-Friendly: Designed with rental yields and capital appreciation in mind.
- Location: Strategic location with easy access to key business hubs.
- Amenities: Rooftop pools, fitness centers, and exclusive business lounges.

10. The Bay Gate
- Commercial: Focused on providing premium office spaces.
- Strategic Location: Proximity to major business and transportation hubs.
- Amenities: High-end business facilities, meeting rooms, and dining options.

These projects offer a mix of unique architectural designs, premium amenities, and strategic locations that provide competitive advantages over the Paramount Tower Hotel & Residences in Business Bay.