Damac Towers By Paramount, Business Bay

    Sold Prices · DLD Data

    Damac Towers By Paramount

    Business Bay, Dubai · Business Bay

    AED 1,480

    Avg Price / sqft

    AED 1.7M

    Avg Sale Price

    104

    DLD Sales Recorded

    7.7%

    Est. Gross Yield

    View listings Explore Business Bay

    Market snapshot

    Damac Towers By Paramount — the numbers

    Damac Towers By Paramount is a residential building in Business Bay, Dubai with approximately 2,041 units. Dubai Land Department records show 104 sales in the building, at an average price of AED 1.7M — around AED 1,480 per square foot.

    Since January 2026, 104 sales completed in Damac Towers By Paramount, with the average price per square foot moving from AED 1,514 to AED 1,635 (+8%). That upward drift suggests sellers currently hold pricing power here.

    Benchmarked against average residential rents in Business Bay, a typical unit in Damac Towers By Paramount returns an estimated 7.7% gross rental yield before service charges — a useful starting point for investors comparing towers across Business Bay.

    Figures are from Dubai Land Department transaction records for Damac Towers By Paramount; individual units vary by floor, view and finish. Gross yield is estimated against average Business Bay residential rents, before service charges.

    Price trend

    Price trend in Damac Towers By Paramount

    Average sale price per sqft by month since January 2026+8%

    1,4321,5191,606Jan 26: AED 1,514/sqft · 12 salesJan 26Feb 26: AED 1,462/sqft · 9 salesMar 26: AED 1,498/sqft · 9 salesMar 26Apr 26: AED 1,527/sqft · 11 salesMay 26: AED 1,482/sqft · 8 salesMay 26Jun 26: AED 1,403/sqft · 14 salesJul 26: AED 1,412/sqft · 11 salesJul 26Aug 26: AED 1,452/sqft · 12 salesSep 26: AED 1,536/sqft · 16 salesSep 26Oct 26: AED 1,635/sqft · 2 sales

    Unit types

    Prices by unit type

    Studio

    AED 888K

    AED 1,732/sqft

    16 sales · last 12 months

    1 Bed

    AED 1.4M

    AED 1,464/sqft

    44 sales · last 12 months

    2 Bed

    AED 2.0M

    AED 1,353/sqft

    25 sales · last 12 months

    3 Bed

    AED 2.6M

    AED 1,447/sqft

    18 sales · last 12 months

    4 Bed

    AED 5.3M

    AED 1,910/sqft

    1 sale · last 12 months

    Transactions

    Recent sold prices

    DateTypeBedsSize (sqft)PriceAED/sqft
    06 Oct 2026Sales0452AED 765KAED 1,694
    01 Oct 2026Sales0476AED 751KAED 1,577
    30 Sept 2026Sales11,042AED 1.4MAED 1,309
    30 Sept 2026Sales0486AED 900KAED 1,852
    30 Sept 2026Sales0637AED 1.6MAED 2,490
    29 Sept 2026Sales21,388AED 2.7MAED 1,934
    28 Sept 2026Sales21,515AED 3.0MAED 1,952
    23 Sept 2026Sales31,744AED 2.3MAED 1,319
    23 Sept 2026Sales21,388AED 1.8MAED 1,317
    21 Sept 2026Sales21,394AED 1.8MAED 1,255
    17 Sept 2026Sales31,747AED 2.3MAED 1,317
    16 Sept 2026Sales11,055AED 1.4MAED 1,279
    15 Sept 2026Sales31,747AED 2.2MAED 1,259
    11 Sept 2026Sales31,744AED 2.5MAED 1,434
    09 Sept 2026Sales31,997AED 3.0MAED 1,522
    08 Sept 2026Sales31,746AED 2.6MAED 1,489
    04 Sept 2026Sales21,388AED 2.0MAED 1,441
    02 Sept 2026Sales11,055AED 1.5MAED 1,412
    31 Aug 2026Sales21,394AED 1.6MAED 1,184
    31 Aug 2026Sales0452AED 733KAED 1,621

    About the area

    Damac Towers By Paramount is in Business Bay

    Business Bay is a dynamic urban community situated adjacent to Dubai's iconic Downtown, catering primarily to professionals and expatriates seeking an engaging city lifestyle. This strategically located area runs alongside the picturesque Dubai Canal, offering residents breathtaking waterfront views and a vibrant atmosphere that harmoniously blends work and leisure.

    Explore the Business Bay area guide

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    FAQ

    Damac Towers By Paramount: frequently asked questions

    What is the average price in Damac Towers By Paramount?

    The average recorded sale price in Damac Towers By Paramount, Business Bay is AED 1.7M, around AED 1,480 per square foot, based on Dubai Land Department transaction data.

    Are prices in Damac Towers By Paramount going up or down?

    Average sale prices in Damac Towers By Paramount have risen +8% per square foot since January 2026, across 104 DLD-recorded sales.

    What rental yield can I expect in Damac Towers By Paramount?

    Based on average Business Bay residential rents against sale prices in the building, a typical unit in Damac Towers By Paramount yields roughly 7.7% gross per year, before service charges and fees.

    How many properties have sold in Damac Towers By Paramount?

    104 sales have been recorded in Damac Towers By Paramount according to DLD data, across approximately 2,041 units.

    Considering Damac Towers By Paramount?

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