PARAMOUNT TOWER HOTEL & RESIDENCES
ReadyDeveloperNAMAA PROPERTIES DEVELOPMENT L.L.C
Community—
AreaBusiness Bay
Started
10 years 6 months ago01-07-2015
Handover
3 years 9 months ago29-03-2022
Status
CompleteFinished
Project Description
PROJECT CONSISTS OF 3B+G+11P+4A+49+R HOTEL & RESIDENTIAL BUILDING LOCATED IN BUSINESS BAY. THE APARTMENTS ARE DESIGNED TO HAVE A CONCRETE STRUCTURE AND BLOCK WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Momentum: Last 90Dvs Last 12M Baseline
Falling-4%
DeclineCurrent:AED 1,895/sqft
Last 12M:AED 1,982/sqft
Momentum: Last 12Mvs Prior Year
Rising+4%
GrowthLast 12M:AED 1,982/sqft
Prior Year:AED 1,901/sqft
Community Compare: Last 90DUnknown
At Market0%
Above AvgProject:AED 1,885/sqft
Community:AED 0/sqft
Liquidity: Last 12MExit Speed
Low6%Turnover
47Sold (Last 12M)
Supply & Demand Matrix
PARAMOUNT TOWER HOTEL & RESIDENCES averaged 6% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
205 units
5 sold200 left
2%
Velocity
1 Bedroom
176 units
14 sold162 left
8%
Velocity
2 Bedrooms
331 units
21 sold310 left
6%
Velocity
3 Bedrooms
78 units
7 sold71 left
9%
Velocity
Shop
7 units
0 sold7 left
0%
Velocity
Office
2 units
0 sold2 left
0%
Velocity
Layouts & Units (799)
| Units | Type | Beds | Size | Avg Price | Last Price | Last Sold | Sales |
|---|---|---|---|---|---|---|---|
Units 24 units | Type Flat | Beds 2 B/R | Size 1,221 sqft | Avg Price AED 2.1M | Last Price AED 2.4M | Last Sold 10 days ago | Sales 15 |
Units 19 units | Type Flat | Beds 2 B/R | Size 1,354 sqft | Avg Price AED 2.2M | Last Price AED 2.5M | Last Sold 17 days ago | Sales 11 |
Units 45 units | Type Flat | Beds 3 B/R | Size 1,644 sqft | Avg Price AED 2.9M | Last Price AED 3.5M | Last Sold 17 days ago | Sales 24 |
Units 178 units | Type Hotel Rooms | Beds Studio | Size 520 sqft | Avg Price AED 966K | Last Price AED 630K | Last Sold 28 days ago | Sales 12 |
Units 24 units | Type Flat | Beds 2 B/R | Size 1,341 sqft | Avg Price AED 2.4M | Last Price AED 2.6M | Last Sold about 1 month ago | Sales 16 |
Units 10 units | Type Flat | Beds 1 B/R | Size 898 sqft | Avg Price AED 1.4M | Last Price AED 1.8M | Last Sold about 1 month ago | Sales 3 |
Units 46 units | Type Flat | Beds 2 B/R | Size 1,288 sqft | Avg Price AED 2.2M | Last Price AED 2.6M | Last Sold about 2 months ago | Sales 17 |
Units 10 units | Type Flat | Beds 1 B/R | Size 965 sqft | Avg Price AED 2.0M | Last Price AED 2.1M | Last Sold 2 months ago | Sales 4 |
Units 41 units | Type Flat | Beds 2 B/R | Size 1,166 sqft | Avg Price AED 2.2M | Last Price AED 2.6M | Last Sold 2 months ago | Sales 21 |
Units 6201 | Type Flat | Beds 2 B/R | Size 1,237 sqft | Avg Price AED 2.3M | Last Price AED 2.3M | Last Sold 2 months ago | Sales 1 |
Units 11 units | Type Flat | Beds 2 B/R | Size 1,328 sqft | Avg Price AED 2.2M | Last Price AED 2.4M | Last Sold 5 months ago | Sales 5 |
Units 38 units | Type Flat | Beds 1 B/R | Size 679 sqft | Avg Price AED 1.5M | Last Price AED 1.9M | Last Sold 5 months ago | Sales 22 |
Units 19 units | Type Flat | Beds 2 B/R | Size 1,186 sqft | Avg Price AED 2.2M | Last Price AED 2.4M | Last Sold 6 months ago | Sales 7 |
Units 10 units | Type Flat | Beds 1 B/R | Size 756 sqft | Avg Price AED 1.7M | Last Price AED 1.7M | Last Sold 7 months ago | Sales 1 |
Units 10 units | Type Flat | Beds 1 B/R | Size 974 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold 7 months ago | Sales 3 |
Units 6 units | Type Flat | Beds 1 B/R | Size 952 sqft | Avg Price AED 1.9M | Last Price AED 2.1M | Last Sold 8 months ago | Sales 3 |
Units 11 units | Type Flat | Beds 2 B/R | Size 1,364 sqft | Avg Price AED 2.3M | Last Price AED 2.4M | Last Sold 8 months ago | Sales 7 |
Units 6 units | Type Flat | Beds 1 B/R | Size 683 sqft | Avg Price AED 1.5M | Last Price AED 1.7M | Last Sold 10 months ago | Sales 3 |
Units 2 units | Type Flat | Beds 1 B/R | Size 968 sqft | Avg Price AED 1.6M | Last Price AED 1.6M | Last Sold 10 months ago | Sales 2 |
Units 2613 | Type Flat | Beds 2 B/R | Size 1,359 sqft | Avg Price AED 2.1M | Last Price AED 2.1M | Last Sold 10 months ago | Sales 1 |
Units 24 units | Type Flat | Beds 3 B/R | Size 1,586 sqft | Avg Price AED 2.9M | Last Price AED 3.6M | Last Sold 10 months ago | Sales 12 |
Units 21 units | Type Flat | Beds 2 B/R | Size 1,321 sqft | Avg Price AED 2.3M | Last Price AED 2.4M | Last Sold about 1 year ago | Sales 7 |
Units 42 units | Type Flat | Beds 2 B/R | Size 1,121 sqft | Avg Price AED 2.2M | Last Price AED 2.4M | Last Sold about 1 year ago | Sales 17 |
Units 4 units | Type Flat | Beds 2 B/R | Size 1,040 sqft | Avg Price AED 2.0M | Last Price AED 2.1M | Last Sold about 1 year ago | Sales 3 |
Units 6 units | Type Flat | Beds 1 B/R | Size 871 sqft | Avg Price AED 1.8M | Last Price AED 2.0M | Last Sold about 1 year ago | Sales 4 |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,316 sqft | Avg Price AED 2.0M | Last Price AED 2.4M | Last Sold about 1 year ago | Sales 2 |
Units 11 units | Type Flat | Beds 2 B/R | Size 1,324 sqft | Avg Price AED 2.1M | Last Price AED 2.3M | Last Sold over 1 year ago | Sales 2 |
Units 10 units | Type Hotel Rooms | Beds 1 B/R | Size 862 sqft | Avg Price AED 1.2M | Last Price AED 1.2M | Last Sold over 1 year ago | Sales 1 |
Units 10 units | Type Hotel Rooms | Beds Studio | Size 477 sqft | Avg Price AED 1.1M | Last Price AED 1.1M | Last Sold over 1 year ago | Sales 1 |
Units 3 units | Type Flat | Beds 1 B/R | Size 922 sqft | Avg Price AED 1.8M | Last Price AED 1.8M | Last Sold over 1 year ago | Sales 3 |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,176 sqft | Avg Price AED 2.2M | Last Price AED 2.3M | Last Sold over 1 year ago | Sales 3 |
Units 3705 | Type Flat | Beds 3 B/R | Size 1,900 sqft | Avg Price AED 2.6M | Last Price AED 2.6M | Last Sold almost 2 years ago | Sales 1 |
Units 10 units | Type Hotel Rooms | Beds Studio | Size 627 sqft | Avg Price AED 2.0M | Last Price AED 2.0M | Last Sold about 2 years ago | Sales 1 |
Units 3 units | Type Flat | Beds 2 B/R | Size 1,168 sqft | Avg Price AED 2.4M | Last Price AED 2.5M | Last Sold about 2 years ago | Sales 3 |
Units 5 units | Type Flat | Beds 2 B/R | Size 1,190 sqft | Avg Price AED 2.2M | Last Price AED 2.0M | Last Sold about 2 years ago | Sales 2 |
Units 4 units | Type Flat | Beds Studio | Size 466 sqft | Avg Price AED 1.1M | Last Price AED 1.1M | Last Sold about 2 years ago | Sales 2 |
Units 3707 | Type Flat | Beds 3 B/R | Size 1,628 sqft | Avg Price AED 2.8M | Last Price AED 2.8M | Last Sold over 2 years ago | Sales 1 |
Units 11 units | Type Flat | Beds 2 B/R | Size 1,248 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold over 2 years ago | Sales 2 |
Units 3601 | Type Flat | Beds 1 B/R | Size 1,120 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold over 2 years ago | Sales 1 |
Units 4512 | Type Flat | Beds 2 B/R | Size 1,349 sqft | Avg Price AED 2.0M | Last Price AED 2.0M | Last Sold over 2 years ago | Sales 1 |
Units 2 units | Type Flat | Beds 3 B/R | Size 1,661 sqft | Avg Price AED 4.0M | Last Price AED 4.0M | Last Sold almost 3 years ago | Sales 1 |
Units 9 units | Type Hotel Rooms | Beds 1 B/R | Size 1,000 sqft | Avg Price AED 1.5M | Last Price AED 1.5M | Last Sold almost 3 years ago | Sales 1 |
Units 3602 | Type Flat | Beds 2 B/R | Size 1,300 sqft | Avg Price AED 2.5M | Last Price AED 2.5M | Last Sold almost 3 years ago | Sales 1 |
Units 10 units | Type Hotel Rooms | Beds 1 B/R | Size 881 sqft | Avg Price AED 1.3M | Last Price AED 1.3M | Last Sold about 3 years ago | Sales 1 |
Units 21 units | Type Hotel Rooms | Beds 1 B/R | Size 1,052 sqft | Avg Price AED 1.5M | Last Price AED 1.5M | Last Sold about 3 years ago | Sales 1 |
Units 10 units | Type Hotel Rooms | Beds 2 B/R | Size 1,356 sqft | Avg Price AED 1.9M | Last Price AED 1.9M | Last Sold about 3 years ago | Sales 1 |
Units 11 units | Type Flat | Beds 2 B/R | Size 1,415 sqft | Avg Price AED 2.2M | Last Price AED 2.2M | Last Sold about 3 years ago | Sales 1 |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,240 sqft | Avg Price AED 2.0M | Last Price AED 2.0M | Last Sold over 3 years ago | Sales 1 |
Units POOL BAR | Type Shop | Beds — | Size 310 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units F&B | Type Shop | Beds — | Size 622 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units CAFE | Type Shop | Beds — | Size 660 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units VIP BUSINESS CENTRE | Type Office | Beds — | Size 1,741 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SALON | Type Shop | Beds — | Size 2,242 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units BUSINESS CENTRE | Type Office | Beds — | Size 3,263 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units RESTAURANT | Type Shop | Beds — | Size 4,315 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units SPA | Type Shop | Beds — | Size 7,107 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units ALL-DAY DINING | Type Shop | Beds — | Size 7,700 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 1 B/R | Size 676 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 5308A | Type Flat | Beds 1 B/R | Size 697 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 10 units | Type Hotel Rooms | Beds 1 B/R | Size 843 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 1603 | Type Hotel Rooms | Beds 1 B/R | Size 1,003 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 9 units | Type Hotel Rooms | Beds 1 B/R | Size 1,047 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 1615 | Type Hotel Rooms | Beds 1 B/R | Size 1,053 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,062 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,065 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 2 B/R | Size 1,138 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3708 | Type Flat | Beds 2 B/R | Size 1,243 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 1508 | Type Hotel Rooms | Beds 2 B/R | Size 1,361 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 3 B/R | Size 1,478 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 2 units | Type Flat | Beds 3 B/R | Size 1,693 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3706 | Type Flat | Beds 3 B/R | Size 1,749 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 1607 | Type Hotel Rooms | Beds Studio | Size 517 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3709 | Type Flat | Beds Studio | Size 523 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
Units 3611 | Type Flat | Beds Studio | Size 692 sqft | Avg Price — | Last Price — | Last Sold — | Sales — |
74 unique layouts covering 799 units