Damac Towers By Paramount, Business Bay

    Sold Prices · DLD Data

    Damac Towers By Paramount

    Business Bay, Dubai · Business Bay

    AED 1,464

    Avg Price / sqft

    AED 1.7M

    Avg Sale Price

    81

    DLD Sales Recorded

    8.8%

    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 81 sales in the building, at an average price of AED 1.7M — around AED 1,464 per square foot.

    Since January 2026, 81 sales completed in Damac Towers By Paramount, with the average price per square foot moving from AED 1,514 to AED 1,422 (-6.1%). That softening can open negotiating room for buyers.

    Benchmarked against average residential rents in Business Bay, a typical unit in Damac Towers By Paramount returns an estimated 8.8% 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 2026-6.1%

    1,4191,4651,512Jan 26: AED 1,514/sqft · 12 salesJan 26Feb 26: AED 1,462/sqft · 9 salesFeb 26Mar 26: AED 1,498/sqft · 9 salesMar 26Apr 26: AED 1,527/sqft · 11 salesApr 26May 26: AED 1,482/sqft · 8 salesMay 26Jun 26: AED 1,403/sqft · 14 salesJun 26Jul 26: AED 1,412/sqft · 11 salesJul 26Aug 26: AED 1,422/sqft · 7 salesAug 26

    Unit types

    Prices by unit type

    Studio

    AED 866K

    AED 1,678/sqft

    10 sales · last 12 months

    1 Bed

    AED 1.4M

    AED 1,473/sqft

    39 sales · last 12 months

    2 Bed

    AED 2.0M

    AED 1,302/sqft

    19 sales · last 12 months

    3 Bed

    AED 2.6M

    AED 1,476/sqft

    12 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
    17 Aug 2026Sales11,041AED 1.5MAED 1,460
    17 Aug 2026Sales11,250AED 1.5MAED 1,224
    13 Aug 2026Sales1965AED 1.2MAED 1,243
    12 Aug 2026Sales0473AED 809KAED 1,710
    07 Aug 2026Sales0451AED 750KAED 1,662
    04 Aug 2026Sales21,394AED 1.7MAED 1,219
    03 Aug 2026Sales21,394AED 2.0MAED 1,435
    24 Jul 2026Sales21,388AED 1.8MAED 1,297
    21 Jul 2026Sales11,058AED 1.6MAED 1,544
    14 Jul 2026Sales1939AED 1.2MAED 1,310
    13 Jul 2026Sales21,476AED 1.9MAED 1,301
    09 Jul 2026Sales21,515AED 1.7MAED 1,109
    09 Jul 2026Sales31,747AED 2.2MAED 1,259
    08 Jul 2026Sales1929AED 2.1MAED 2,228
    07 Jul 2026Sales31,747AED 2.0MAED 1,174
    06 Jul 2026Sales21,523AED 1.8MAED 1,212
    06 Jul 2026Sales1929AED 1.4MAED 1,507
    02 Jul 2026Sales31,744AED 2.8MAED 1,587
    26 Jun 2026Sales31,744AED 2.5MAED 1,434
    19 Jun 2026Sales21,434AED 1.8MAED 1,272

    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 1,464 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 eased -6.1% per square foot since January 2026, across 81 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 8.8% gross per year, before service charges and fees.

    How many properties have sold in Damac Towers By Paramount?

    81 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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