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Paramount Tower Hotel & Residences construction progress

Paramount Tower Hotel & Residences in Business Bay is 100% built according to the Land Department. Developer Namaa Properties Development.

100%

Built, as listed in the Land Department register

Construction complete

Developer
Namaa Properties Development
Community
Business Bay
Name in Arabic
فندق بارامونت تاور آند ريزيدانس
Land Department project number
1665

Schedule

The Dubai Land Department records Paramount Tower Hotel & Residences as 100% built. Handover of individual units follows on the developer's schedule, which the register does not show.

Context

Business Bay has 43 projects under construction, 35% built on average.

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Construction is done, and the work starts: snagging, handover papers, rent and what the unit is worth today. Mulki keeps it in one private app.

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Questions

When will Paramount Tower Hotel & Residences be completed?
The Land Department has no completion date on record for Paramount Tower Hotel & Residences yet.
How much of Paramount Tower Hotel & Residences is built?
The Land Department lists the project at 100%. No dated site inspection is on record for it yet.
Is Paramount Tower Hotel & Residences delayed?
The Land Department records construction as complete.
Who is building Paramount Tower Hotel & Residences?
The registered developer is Namaa Properties Development.

Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.