Paramount Tower B
2 BR · Apartment
About the building
66-storey mixed-use complex in Business Bay.
Where it is
Business Bay
The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP17-574287
How much is this 2-bedroom apartment in Paramount Tower B?
Lot NP17-574287 is priced at AED 2 450 000, about $667 000. The size is 1 514 sq ft (141 m²), which works out at AED 1 618 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Paramount Tower B?
The database holds 2 lots in Paramount Tower B right now, from AED 2 400 000 to AED 2 450 000. 2 of them share this type and bedroom count: this lot is the most expensive.
Is this expensive or cheap for Business Bay?
The database holds 387 lots in Business Bay. The area median is AED 2 869 per sq ft; this lot is at AED 1 618. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 128 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 490 000; a loan of AED 1 960 000 over 25 years at 3.75–4.99% a year comes to roughly AED 10 100–11 400 a month. A non-resident puts down from 40% (AED 980 000) and pays about AED 7 600–8 600 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 98 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 450 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Paramount Tower B?
The building has 66 floors. The developer is Damac. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP17-574287 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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