AED 190,000/ year
2 bedroom apartment in Paramount Tower Hotel & Residences
2 bath · 1,340 sqft · Burj View · High Floor · Short Term Options
Paramount Tower Hotel & Residences
What tenants actually pay: the tenancies registered with Ejari, not asking rents. Understand the numbers before you rent.
- For rent with McCone
- 3
- AED 140K – 190K / year
On the market · Paramount Tower Hotel & Residences
3 homes for rent
3 homes
Paramount Tower Hotel & Residences — 2 B/R median AED 162,750 a year, AED 134 a sq ft, from 276 Ejari contracts; gross yield 7% (2 B/R). 3 for rent with McCone, AED 140K – 190K / year.
Your agent in Business Bay
Leasing
Renting in Paramount Tower Hotel & Residences? Ramsheed can walk you through what these numbers mean for you.
Ramsheed is marketing 28 homes for rent in Business Bay right now.
- Community
- Business Bay
- Nearest metro
- Business Bay Metro Station — as the Dubai Land Department files it; every building beside it, and what each sold for
- Brand
- Paramount — resold at AED 1,981 a sq ft, 8% above the rest of its community; branded residences in Dubai
- Handed over
- 2022 — the first year resales of completed homes appear in numbers on the register, not the developer’s date
- First on record
- 2015 — an off-plan sale
- Sales on record
- 782 — registered at the Dubai Land Department, the latest October 2026
- Off-plan share
- 56% — 435 bought off-plan from the developer, 347 resales of a completed home
Living in Business Bay — the area guide →
What a home in Paramount Tower Hotel & Residences returns on its rent — the yield calculator →
Recorded rent per sq ft
AED 134
a year · 276 contracts here, 12 months
Mean AED 136 a year
Gross yield
7%
2 B/R · its own rents over its own sale prices
Recorded sale price
AED 2,036
per sq ft · 782 sales on record
Handed over
2022
Derived from the register
Recorded rents
What Paramount Tower Hotel & Residences rents for, by layout
Tenancies registered with Ejari that name Paramount Tower Hotel & Residences, last twelve months. Annual rents, medians.
| Layout | Typical size | Median rent | Mean rent | Per sq ft / year | Contracts |
|---|---|---|---|---|---|
| 1 B/R | 756 sqft | 112,500 | 114,587 | 146 | 63 |
| 2 B/R | 1,288 sqft | 162,750 | 164,159 | 131 | 177 |
| 3 B/R | 1,644 sqft | 215,000 | 216,072 | 131 | 32 |
Layouts with fewer than five contracts in the year are left out. 888 contracts name this building on the register since 2023.
For comparison
Recorded rents in Business Bay
How Paramount Tower Hotel & Residences sits against its community. The full Business Bay rental report →
| Layout | Median rent | Mean rent | New lease | Renewal | Per sq ft / year | Contracts |
|---|---|---|---|---|---|---|
| Studio | 65,000 | 66,497 | 65,000 | 63,000 | 135 | 4,286 |
| 1 B/R | 85,000 | 92,075 | 90,000 | 82,500 | 115 | 7,494 |
| 2 B/R | 125,000 | 132,165 | 135,000 | 115,500 | 96 | 4,572 |
| 3 B/R | 171,845 | 187,486 | 185,000 | 162,116 | 89 | 1,332 |
| 4 B/R | 300,000 | 319,809 | 300,000 | 300,000 | 83 | 109 |
Rent against price
Gross yield in Paramount Tower Hotel & Residences
This building's own recorded rent per square foot a year over its own recorded resale price per square foot, layout by layout.
| Layout | Rent / sq ft / year | Rent from | Sale / sq ft | Gross yield |
|---|---|---|---|---|
| 3 B/R | 131 | This building · 32 | 1,795 | 7.3% |
| 2 B/R | 131 | This building · 177 | 1,883 | 7% |
| 1 B/R | 146 | This building · 63 | 2,130 | 6.8% |
Gross: before service charges, agency fees and any months empty between tenants. The sale side is completed homes sold here in the last three years, five or more of a layout.
Every tenancy, as registered
Recent contracts in Paramount Tower Hotel & Residences
The latest tenancies registered with Ejari naming this building, newest first.
| Start | Layout | Size | Annual rent | Type |
|---|---|---|---|---|
| 20 Oct 2026 | 1 B/R | 965 | 95,000 | New lease |
| 16 Oct 2026 | 2 B/R | 1,288 | 150,000 | New lease |
| 15 Oct 2026 | 2 B/R | 1,291 | 150,000 | New lease |
| 15 Oct 2026 | 2 B/R | 1,221 | 140,000 | Renewal |
| 15 Oct 2026 | 2 B/R | 1,340 | 190,000 | Renewal |
| 15 Oct 2026 | 2 B/R | 1,166 | 180,000 | Renewal |
| 14 Oct 2026 | 3 B/R | 1,645 | 210,000 | New lease |
| 14 Oct 2026 | 2 B/R | 1,340 | 190,000 | New lease |
| 13 Oct 2026 | 2 B/R | 1,186 | 150,000 | New lease |
| 13 Oct 2026 | 2 B/R | 1,121 | 170,000 | New lease |
| 12 Oct 2026 | 2 B/R | 1,328 | 140,000 | New lease |
| 9 Oct 2026 | 2 B/R | 1,121 | 155,000 | New lease |
How often it lets
Contracts per year
New tenancies and renewals naming Paramount Tower Hotel & Residences, stacked.New leaseRenewal
104
286
289
209
2023202420252026
209 contracts in 2026 so far. The 2026 bar is part-year.
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Where these numbers come from. Every rent on this page is a tenancy contract registered with Ejari, the Dubai Land Department’s rental register, read directly from the Dubai Data Exchange. It is what tenants actually agreed to pay — not asking rents, not our own estimates. Homes only: offices, shops, labour accommodation and whole-building leases are excluded, as are contracts covering several properties at one price and the register’s own typing errors. The municipality’s housing fee on the DEWA bill is 5% of the same registered rent. The register records the area a home sits in and, on about a quarter of contracts, the project — never the building on its own — so a community’s figures are its DLD area’s, and a building’s are its own only where the register names it. Medians are used rather than averages so one unusual contract cannot move the number. Data through 21 Oct 2026.
Nearby
What else to look at in Business Bay
The buildings this one sits between on recorded price per square foot, and the newest to start trading. Every one has its own page of registered prices.
| Building | Recorded sales | First traded | Median per sq ft |
|---|---|---|---|
| Sobha Skyparksnewest | 83 | 2026 | 4,250 |
| Avarra by Palacenewest | 156 | 2026 | 3,490 |
| Damac Towers by Paramount Tower D | 565 | 2013 | 1,778 |
| Damac Maison The Vogue | 402 | 2009 | 1,761 |
| Royal Regency Suites Tower Two | 55 | 2024 | 1,734 |
| Reva Residences | 956 | 2018 | 1,725 |
| Binghatti Canal | 429 | 2022 | 1,714 |
| The Paragon by IGO | 446 | 2022 | 1,712 |
| J One - 2 | 112 | 2021 | 1,682 |
| SOL Bay | 315 | 2020 | 1,680 |
Medians over each building’s whole recorded history at the Dubai Land Department, so a tower that has not traded lately is still here — this is what to look at next, not what the market is doing this month. Buildings with fewer than five recorded sales are left out. “First traded” is the year the register first saw a sale in the building, which for a new tower is close to its handover.
Moving into Paramount Tower Hotel & Residences? Ejari, the DEWA move-in and your Makani number, explained.