Paramount Tower Hotel & Residences Launch Prices
Off-plan in Business Bay · Developer launch registrations from the Dubai Land Department off-plan register
Launch Summary
435 developer launch sales registered at Paramount Tower Hotel & Residences between Nov 2015 and Nov 2021: 100% apartments, most commonly 2-bed units, typically around 1,220 sqft.
Bed mix: Studio 1% · 1-bed 20% · 2-bed 63% · 3-bed 15%.
Every figure here is a registered developer launch price from the DLD off-plan register - a different kind of price from a ready-market resale, and kept entirely separate from KhaleejKeys' resale statistics.
Launch Price by Quarter
Median registered launch price per square foot at Paramount Tower Hotel & Residences, per quarter, with the number of launch sales registered in each.
| Quarter | Launch sales | Median AED/sqft |
|---|---|---|
| 2015 Q4 | 43 | AED 1,881 |
| 2016 Q1 | 24 | AED 1,870 |
| 2016 Q2 | 11 | AED 1,835 |
| 2016 Q3 | 10 | AED 2,136 |
| 2016 Q4 | 4 | AED 1,882 |
| 2017 Q1 | 5 | AED 1,901 |
| 2017 Q2 | 2 | AED 1,960 |
| 2017 Q3 | 2 | AED 2,032 |
| 2018 Q1 | 1 | AED 2,080 |
| 2018 Q2 | 1 | AED 2,138 |
| 2018 Q3 | 4 | AED 1,616 |
| 2018 Q4 | 4 | AED 1,615 |
| 2019 Q1 | 18 | AED 1,814 |
| 2019 Q2 | 21 | AED 1,718 |
| 2019 Q3 | 21 | AED 1,780 |
| 2019 Q4 | 50 | AED 1,733 |
| 2020 Q1 | 70 | AED 1,275 |
| 2020 Q2 | 22 | AED 1,343 |
| 2020 Q3 | 15 | AED 1,395 |
| 2020 Q4 | 17 | AED 1,675 |
| 2021 Q1 | 16 | AED 1,404 |
| 2021 Q2 | 12 | AED 1,599 |
| 2021 Q3 | 31 | AED 1,585 |
| 2021 Q4 | 31 | AED 1,589 |
Launch vs Resale
Paramount Tower Hotel & Residences also has 252 ready-market resales registered with the DLD, the first on 4 April 2022 - 77 months after the first launch registration. A developer launch price and an arm's-length resale are different kinds of price; the gap is context, not a return.
Resale prices and recent transactions at Paramount Tower Hotel & Residences →
Recent Launch Registrations
Developer launch registrations from the DLD off-plan register - not resales, and never blended into KhaleejKeys' resale prices.
Other Off-Plan Projects in Business Bay
Off-plan in Business Bay
Compare this project with every other off-plan launch registered in Business Bay, or see the community's resale market.
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