Damac Towers By Paramount
داماك تاورز من باراماونتDAMAC STAR PROPERTIES (L L C) · Home sales since 2009 · mostly resales in the 12 months to 7 Oct 2026
Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in Damac Towers By Paramount was AED 1,319/sqft in Sep 2026, from 13 home sales recorded.
The Land Department’s record
completed per the Land Department · 100% complete · buildings · 2,041 units · 5 buildings · DLD target completion October 2018
Registered developer: DAMAC STAR PROPERTIES (L L C) (DLD no. 907)
Master developer: BUSINESS BAY (L.L.C) (DLD no. 898)
Escrow account with Abu Dhabi Islamic Bank · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file, file dated 15 June 2026.
Rents recorded under Business Bay
Typical yearly rent of AED 89,000 across 15,225 tenancies recorded in the community over the last 12 months.
This is the community’s figure, not this project’s.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
AED 1,319/sqft
Sep 2026 · 13 home sales
-6.3%
Sep 2023 to Sep 2026, scaled up to a year
93 months
Recorded home resales here fall in 93 months, Dec 2018 to Oct 2026. The growth beside this is drawn from the months with 5 or more of them; a figure for what they will do next is a scenario you set on the returns page.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually sold for in Damac Towers By Paramount — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Damac Towers By Paramount over the same twelve months. Prices are this project’s own recorded ready-home sales. Off-plan sales are left out because rent is paid on built homes. Rents marked this building are new rent contracts recorded in Damac Towers By Paramount itself. The rest are homes of the same size in Business Bay, used where Ejari did not name the building. A red (i) marks a figure that rests on few records, with how many.
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| 1 bed | AED 1.43M | AED 100,042/yrthis building · 175 new lets | 7.0% | 59 |
| 2 beds | AED 2M | AED 145,000/yrthis building · 108 new lets | 7.2% | 29 |
| 3 beds | AED 2.55M | AED 180,000/yrthis building · 73 new lets | 7.1% | 21 |
| 4 beds | AED 5.35M1 sale | AED 265,000/yrsame size in Business Bay · 42 new lets | 5.0% | 1 |
What it returns after service charges
Starting from this building’s own owners’ association budget for 2026 — AED 5/sqft, as recorded with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| 1 bed | AED 4,661 | AED 95,381 | 7.0% | 6.7% |
| 2 beds | AED 7,330 | AED 137,670 | 7.2% | 6.9% |
| 3 beds | AED 8,629 | AED 171,371 | 7.1% | 6.7% |
Only the service charge is taken off.
The 2026 budget carries no separate reserve-fund line.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Damac Towers By Paramount
How much does a home in Damac Towers By Paramount cost?
Over the last twelve months, the typical price (the median: half sold for more than this, half for less) of a completed home in Damac Towers By Paramount was AED 1.43M for a 1-bedroom (59 ready sales), AED 2M for a 2-bedroom (29 ready sales) and AED 2.55M for a 3-bedroom (21 ready sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices. Only completed homes are counted: off-plan sales are left out, because they sell at a premium and are not the same purchase.
How much is rent in Damac Towers By Paramount?
The typical rent (the median: half of the rent contracts were above this, half below) in Damac Towers By Paramount is AED 100,042/yr for a 1-bedroom (175 new tenancies recorded in Damac Towers By Paramount itself), AED 145,000/yr for a 2-bedroom (108 new tenancies recorded in Damac Towers By Paramount itself) and AED 180,000/yr for a 3-bedroom (73 new tenancies recorded in Damac Towers By Paramount itself). These rents come from the new rent contracts recorded in Ejari (Dubai's rent registration system) over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Ejari names the building on these contracts, so every figure above is a tenancy recorded in Damac Towers By Paramount itself.
What rental yield does Damac Towers By Paramount give?
The yield before costs on completed homes in Damac Towers By Paramount is about 7.0% on a 1-bedroom, 7.2% on a 2-bedroom and 7.1% on a 3-bedroom. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Rent and price both come from the same period, which is why these read lower than yields quoted against an all-time average price. Service charges, agency commission and empty periods are not taken off, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Damac Towers By Paramount selling off-plan or as resales?
0% of the 111 home sales recorded in Damac Towers By Paramount in the 12 months to 7 Oct 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Damac Towers By Paramount start selling?
The Land Department's register holds 1,562 home sales in Damac Towers By Paramount. The earliest was recorded in Oct 2009 and the newest in Oct 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay typical price
-35.9%
Priced at or below the area's typical price. Sep 2026: 13 sales here against 321 in the area.
Developer track record
83,307 recorded sales
Matched to Damac Crescent Properties, across the 20 companies Keyva groups under that name, Oct 2004 to 7 Oct 2026.
106 completed · 50 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Handover competition
Moderate competitionWhen Damac Towers By Paramount handed over in October 2018, 4 other projects in Business Bay had a handover date on record within six months either side — a reference point for how crowded that period was. The Land Department's projects file of 15 Jun 2026 lists 49 other projects in Business Bay as not yet finished. None of the 4 listed below is among them.
The Atria
Deyaar Development (P.J.S.C)
Majestine
BUSINESS TOWER INVESTMENT L.L.C
Avanti Tower
DAMAC STAR PROPERTIES (L L C)
Marquise Square Tower
SRG REAL ESTATE DEVELOPER L.L.C
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
1.5 km
Business Bay
1.2 km
GEMS Our Indian School
1.0 km
Nexx Home Healthcare Services
202 m
Supermash
Metro stations
- Business Bay1.5 km
- Burj Khalifa / Dubai Mall2.4 km
Schools
- GEMS Our Indian School1.2 km
- Dubai International School1.2 km
- Safa Private School1.2 km
- Dubai International School1.3 km
Hospitals & clinics
- Nexx Home Healthcare Services1.0 km
- Medcare Orthopaedics & Spine Hospital2.1 km
- Mediclinic2.2 km
- BIOS CLINIC2.6 km
Supermarkets
- Supermash202 m
- Barsha Hills Mini Mart231 m
- Deli Plus Mini Mart638 m
- Spinneys672 m
Bus stops
- U BORA Tower 2 GE Office166 m
- XL Tower 1169 m
- U BORA Tower 1 GE Office184 m
- XL Tower 2207 m
Pharmacies
- Life Pharmacy940 m
- Life Pharmacy1.0 km
- Life Pharmacy1.1 km
- Health First1.1 km
Malls
- Bay Avenue Mall1.3 km
- Al Faris Mall1.4 km
- Souk Extra1.9 km
- Al Wasl Centre1.9 km
Parks
- Bayside Park 269 m
- Bayside Park 4461 m
- Bayside Park 4701 m
- Action Hub847 m
Mosques
- Masjid Al Ghafoor1.1 km
- Al Safa Mosque1.8 km
- Shaikha Abdulla Salem2.1 km
- Al Qasimi Mosque2.3 km
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Business Bay — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
Buildings in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Business Bay
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
Binghatti
1–7 Oct 2026 · 11 home sales
Deyaar Development (P.J.S.C)
Sep 2026 · 7 home sales
Binghatti
Sep 2026 · 8 home sales
Select Global Development L.L.C
Sep 2026 · 27 home sales
Binghatti
1–7 Oct 2026 · 5 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Damac Towers By Paramount?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.