According to the Quran, Jesus will be exalted in this World and also the Next.
Surah 3:45. Behold! the angels said: “O Mary! Allah giveth thee glad tidings of a Word from Him: his name will be Christ Jesus, the son of Mary, held in honour in this world and the Hereafter and of (the company of) those nearest to Allah.
This means that Jesus will be honored in Paradise with God. But it contradicts another verse that suggests that Jesus will be in hell.
When Muhammad ascended into heaven, he also met Jesus.
However, the next verse says that if Christians worship Jesus as a false god, then that false god (e.g. Jesus) should also be in hell together with the Christians.
Surah 21
98. Verily ye, (unbelievers), and the (false) gods that ye worship besides Allah, are (but) fuel for Hell! to it will ye (surely) come!
99. If these had been gods, they would not have got there! but each one will abide therein.