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AED 1,350,000

Own this from just

5,553 AED/month
Studio
1 Bathroom
483 sqft / 45 sqm
APARTMENT FOR SALE IN PARAMOUNT TOWER HOTEL & RESIDENCES, BUSINESS BAY

High ROI | Managed by hotel | Lower than Original price

First Edition Realty is pleased to present this beautiful Studio apartment at the Paramount Hotel Midtown, located in the prime area of Business Bay.

Investment Highlights:
- Managed by the hotel
- Distress deal – a rare opportunity

Apartment Features:
- View: Burj Khalifa
- Proximity: Near Dubai Mall
- Total Area: 483 sqft
- Parking: 1 space

Amenities:
- Balcony
- Broadband ready
- Built-in wardrobes
- Central AC
- Covered parking
- Gym
- Sauna
- Shared pool
- Kitchen appliances
- Children's play area
- Metro station nearby
- Mosque
- Public parking
- Restaurants
- Shared spa
- Shops
- Security
- Public park

Business Bay is a modern financial district filled with corporate high-rises, stylish apartment buildings, and luxurious hotels.

Property details

Property Type

Apartment

Property Size

483 sqft / 45 sqm

Bedrooms

studio

Bathrooms

1

Service Charges

19.93 AED per sqft

Amenities

Central A/C

Balcony

Shared Pool

Security

Concierge

Covered Parking

Lobby in Building

Children's Pool

Children's Play Area

Location

Map preview
Paramount Tower Hotel & Residences
Residential Insights
3.9/53 Reviews

Price Range:

750K-3.4M AED
Business Bay
Community Insights
4/5238 building reviews

Well connected | Mostly apartments | Luxury

Price Range:

400K-750M AED

Price Insights

Transactions for Similar Properties

Studio Apartment in Paramount Tower Hotel & Residences

Sold for

DateAEDArea (sqft)
12 Aug 20241,095,000477
15 Jul 2024875,400520
3 Apr 2024880,000520
20 Feb 20241,400,000520
20 Feb 20241,400,000520

Rented for

DateAED/yearArea (sqft)
27 Feb 202565,000467
9 Nov 202455,000466
16 Oct 202490,000466
24 Jul 2024190,000522
1 Jun 202478,000692
See all transactions in this location

Powered byDataGuru

This property costs 22% more than the average price of studio bedroom in Business Bay

Average Sale Price is 1,108,109 AED

This property is the same size as the average size of studio bedroom in Business Bay

Average size is 484 sqft

The data displayed is based on average prices and sizes of all listings that were live on Property Finder in Business Bay

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Iuliia Aragort

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FIRST EDITION REALTY L.L.C

See all properties (100)

Response time

within 30 minutes

Experience

6 years

Languages

English, Russian

See agent properties (5)

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300,000 AED35,000,000 AED
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270,000 AED1,080,000 AED
1 year25 years

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Monthly payment

5,553 AED

with interest rate of

3.75%

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Regulatory information
Regulatory information

Reference

first-edition-realty-l-l-c-13238442

Listed

5 days ago

Broker License

36321

Zone name

Business Bay

DLD Permit Number:

7136612210

Agent License

52942

DLD Permit Number

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