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Damac Towers by Paramount, Business Bay
Photograph 2 of 6 of Damac Towers by Paramount
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1,135,050 – 5,515,000 AED

Damac Towers by Paramount

Business Bay View on map
ApartmentsType
Studio – 4Bedrooms
451 – 2,801 sq.ftArea

About this property

Damac Towers by Paramount is an iconic mixed-use residential and hospitality development located in Dubai’s prestigious Burj area.

Mortgage estimate

Pre-filled with this project’s starting price. Change any figure to model your own.

years
%
Estimated monthly payment
4,788 AED
per month · 25-year term
Loan amount908K AED
Total interest528K AED

Estimate only. Excludes DLD transfer, agency and bank fees, and your bank sets the final figure.

Speak to a mortgage specialistSee properties up to this price

Project facts

Handover
Q3 2019
Construction
Completed
Availability
On Sale
Available price range
1,135,050 – 5,515,000 AED
Available sizes
451 – 2,801 sq.ft
Available bedrooms
Studio – 4
Unit type
Apartments
Units in project
63
Buildings
4
District
Business Bay
RERA escrow
15808213
Service charge
23.5 AED/sqft
Furnishing
Yes
DLD permit
1108328504
Dubai Land Department permit QR code, permit number 1108328504
Scan to verify this listing with the Dubai Land Department.
Open the exact location in Maps

Layouts, sizes and prices

Studio13 layouts451 – 637 sq.ft1,135,050 – 1,692,600 AED
LayoutSizeDeveloper price
Studio476 sq.ft1,220,100 AED
Studio637 sq.ft1,666,350 AED
Studio484 sq.ft1,293,600 AED
Studio637 sq.ft1,684,200 AED
Studio488 sq.ft1,246,000 AED
Studio620 sq.ft1,583,000 AED
Studio637 sq.ft1,692,600 AED
Studio620 sq.ft1,667,400 AED
Studio492 sq.ft1,285,200 – 1,352,400 AED
Studio451 sq.ft1,135,050 AED
Studio452 sq.ft1,178,100 AED
Studio497 sq.ft1,204,000 AED
Studio479 sq.ft1,193,000 AED
1 Bedroom24 layouts929 – 1,155 sq.ft1,957,000 – 2,757,300 AED
LayoutSizeDeveloper price
1 bed929 sq.ft1,959,000 AED
1 bed948 sq.ft2,021,000 AED
1 bed929 sq.ft1,980,000 AED
1 bed1,055 sq.ft2,224,000 AED
1 bed1,055 sq.ft2,246,000 AED
1 bed965 sq.ft2,131,000 AED
1 bed1,123 sq.ft2,709,000 AED
1 bed1,123 sq.ft2,710,050 AED
1 bed1,155 sq.ft2,749,950 AED
1 bed1,123 sq.ft2,711,100 AED
1 bed1,155 sq.ft2,752,050 AED
1 bed1,065 sq.ft2,572,500 AED
1 bed1,155 sq.ft2,754,150 AED
1 bed1,065 sq.ft2,574,600 AED
1 bed1,123 sq.ft2,714,250 AED
1 bed1,123 sq.ft2,715,300 AED
1 bed1,155 sq.ft2,756,250 AED
1 bed1,123 sq.ft2,716,350 AED
1 bed1,155 sq.ft2,757,300 AED
1 bed1,055 – 1,056 sq.ft2,300,000 – 2,326,000 AED
1 bed939 – 948 sq.ft1,980,000 – 1,996,000 AED
1 bed929 sq.ft1,957,000 AED
1 bed942 sq.ft2,135,000 AED
1 bed1,055 sq.ft2,365,000 AED
2 Bedrooms12 layouts1,388 – 1,517 sq.ft2,900,000 – 3,315,000 AED
LayoutSizeDeveloper price
2 bed1,515 sq.ft3,091,000 AED
2 bed1,394 sq.ft2,903,000 AED
2 bed1,515 sq.ft3,113,000 AED
2 bed1,388 sq.ft2,915,000 – 2,917,000 AED
2 bed1,517 sq.ft3,149,000 – 3,196,000 AED
2 bed1,515 sq.ft3,112,000 AED
2 bed1,515 sq.ft3,076,000 AED
2 bed1,511 sq.ft3,093,000 AED
2 bed1,407 sq.ft2,900,000 AED
2 bed1,469 sq.ft3,169,000 AED
2 bed1,388 sq.ft3,071,000 AED
2 bed1,517 sq.ft3,315,000 AED
3 Bedrooms3 layouts1,744 – 2,014 sq.ft3,765,000 – 4,349,000 AED
LayoutSizeDeveloper price
3 bed2,014 sq.ft4,132,000 AED
3 bed1,744 sq.ft3,765,000 AED
3 bed2,014 sq.ft4,349,000 AED
4 Bedrooms1 layout2,801 sq.ft5,515,000 AED

Every layout the developer has released for this project, with its price on launch. Some configurations may already be sold out, so this can start below the available range above. Ask an advisor for live inventory.

Payment plan

Payment Plan
20%80%
On booking20%
Post Handover2 payments80%
From 3 to 24 months after booking (7% quarterly)56%
From 27 to 36 months after booking (6% quarterly)24%

Documents and links

Brochure
DAMAC Towers by Para H&R Floorplan compressed

Amenities

  • Fitness Centre
  • Eat And Drink
  • Swimming Pool
  • Dine-In Cinema
  • Wellness Features

Floor plans

StudioTap to enlarge
StudioTap to enlarge
StudioTap to enlarge
StudioTap to enlarge

Master plan

Location

Business Bay, DubaiOpen in Maps

What buyers actually paid

Registered sales at the Dubai Land Department, not asking prices.

1,434Median per sq.ft in this project-39.3% vs the community
6.2%Gross rental yield in the community
2,364Median per sq.ft in the community
5,096Registered sales, 12 months

Sales in Damac Towers by Paramount

247 registered sales over the last 24 months.

DatePropertySizePricePer sq.ft
9 Oct 20261 B/R FlatReady9291,225,0001,319
7 Oct 20261 B/R FlatReady1,0551,374,2221,302
30 Sep 20261 B/R FlatReady1,0421,363,4001,309
29 Sep 20262 B/R FlatReady1,5152,957,3501,952
29 Sep 20262 B/R FlatReady1,3882,683,6401,934
23 Sep 20263 B/R FlatReady1,7442,300,0001,319

Median price per sq.ft in Business Bay

By month, from registered sales. Portals chart asking prices here.

1,9002,1002,3002,5002,700Oct 24Feb 25Jun 25Oct 25Feb 26Jun 26Sep 26

Comparable sales in Business Bay

What Studio sells for

1,355 registered sales in 12 months, median 2,499 per sq.ft.

DatePropertySizePricePer sq.ft
9 Oct 2026Studio FlatReadyUPSIDE Living4711,250,0002,656
9 Oct 2026Studio FlatReadyTHE COURT471606,4601,288
8 Oct 2026Studio FlatReadyPeninsula Three4221,200,0002,847
8 Oct 2026Studio FlatReadyPeninsula One4371,050,0002,400
7 Oct 2026Studio FlatOff-planDG1 Living5011,277,8472,550
5 Oct 2026Studio FlatOff-planBinghatti Skyhall4241,299,8003,066
5 Oct 2026Studio FlatOff-planBinghatti Skyrise4621,277,2492,762
1 Oct 2026Studio FlatReadyPeninsula Four5131,265,0002,467

What Studio rents for

4,336 registered contracts in 12 months, median 137 per sq.ft a year, a gross yield of 6.6%.

ContractSizeAnnual rentPer sq.ft
9 Oct 202651293,750183
9 Oct 202652890,000171
8 Oct 202651590,000175
8 Oct 202637475,000200
7 Oct 202665190,000138
7 Oct 202642785,000199

What 1 B/R sells for

2,201 registered sales in 12 months, median 2,329 per sq.ft.

DatePropertySizePricePer sq.ft
9 Oct 20261 B/R FlatReadyDAMAC TOWERS BY PARAMOUNT9291,225,0001,319
8 Oct 20261 B/R FlatReadyPeninsula Four8292,350,0002,836
8 Oct 20261 B/R FlatReadyThe EDGE6961,660,0002,385
7 Oct 20261 B/R FlatOff-planBinghatti Aquarise9082,001,9992,205
7 Oct 20261 B/R FlatReadyPeninsula Four8591,950,0002,271
6 Oct 20261 B/R FlatOff-planOne by Binghatti1,1762,541,9992,161
6 Oct 20261 B/R FlatReadyTHE STERLING EAST HOUSE9722,171,0002,233
5 Oct 20261 B/R FlatReadyTHE OPUS BY OMNIYAT8873,753,6044,230

What 1 B/R rents for

7,025 registered contracts in 12 months, median 115 per sq.ft a year, a gross yield of 6.1%.

ContractSizeAnnual rentPer sq.ft
9 Oct 2026971150,000154
9 Oct 2026781100,000128
8 Oct 2026830130,000157
8 Oct 2026695120,000173
7 Oct 20261,123150,000134
7 Oct 2026827140,000169

What 2 B/R sells for

1,156 registered sales in 12 months, median 2,184 per sq.ft.

DatePropertySizePricePer sq.ft
9 Oct 20262 B/R FlatOff-planBugatti Residences by Binghatti3,68115,000,0004,075
9 Oct 20262 B/R FlatReadyNOBLES1,2592,100,0001,668
8 Oct 20262 B/R FlatReadyTHE VOGUE1,0131,400,0001,382
6 Oct 20262 B/R FlatOff-planBinghatti Aquarise1,3383,500,0002,617
6 Oct 20262 B/R FlatOff-planCANAL HEIGHTS1,3573,378,2002,489
5 Oct 20262 B/R FlatOff-planBinghatti Aquarise2,3643,749,9991,586
5 Oct 20262 B/R FlatOff-planBinghatti Aquarise1,0903,029,9992,781
1 Oct 20262 B/R FlatReadyPeninsula One9502,400,0002,527

What 2 B/R rents for

3,172 registered contracts in 12 months, median 96 per sq.ft a year, a gross yield of 5.6%.

ContractSizeAnnual rentPer sq.ft
9 Oct 20261,190125,000105
9 Oct 20261,254110,00088
8 Oct 20261,179170,000144
8 Oct 20261,190140,000118
7 Oct 20261,626240,000148
7 Oct 20261,785136,00076

What 3 B/R sells for

307 registered sales in 12 months, median 2,298 per sq.ft.

DatePropertySizePricePer sq.ft
5 Oct 20263 B/R FlatReadyPeninsula Four1,9325,000,0002,588
1 Oct 20263 B/R FlatOff-planRoyal Regency Suites2,9155,307,9001,821
1 Oct 20263 B/R FlatOff-planRoyal Regency Suites2,7304,677,8501,714
30 Sep 20263 B/R FlatReady6,1628,200,0001,331
29 Sep 20263 B/R FlatReadyTHE COSMOPOLITAN1,8162,000,0001,101
28 Sep 20263 B/R FlatReady2,1974,100,0001,866
28 Sep 20263 B/R FlatReady1,9053,150,0001,654
23 Sep 20263 B/R FlatReadyRegalia1,8243,350,0001,837

What 3 B/R rents for

745 registered contracts in 12 months, median 96 per sq.ft a year, a gross yield of 5.7%.

ContractSizeAnnual rentPer sq.ft
8 Oct 20261,900150,00079
7 Oct 20263,112620,000199
5 Oct 20262,178200,00092
5 Oct 20261,744160,00092
4 Oct 20261,420165,000116
2 Oct 20261,919170,00089

What 4 B/R sells for

60 registered sales in 12 months, median 2,558 per sq.ft.

DatePropertySizePricePer sq.ft
23 Sep 20264 B/R FlatReadyELITE BUSINESS BAY RESIDENCE2,1892,667,0001,218
23 Sep 20264 B/R FlatReadyELITE BUSINESS BAY RESIDENCE2,1682,661,2001,227
22 Sep 20264 B/R FlatReadyPeninsula Four2,5916,700,0002,586
22 Sep 20264 B/R FlatReady4,7896,000,0001,253
27 Aug 20264 B/R FlatReadyPeninsula Four2,5916,700,0002,586
20 Aug 20264 B/R FlatOff-planBurj Binghatti Jacob & Co. Residences4,22918,400,0004,350
17 Aug 20264 B/R FlatOff-planBugatti Residences by Binghatti6,78863,000,0009,282
6 Aug 20264 B/R FlatOff-planVela Viento by Omniyat6,18543,468,9977,028

What 4 B/R rents for

83 registered contracts in 12 months, median 83 per sq.ft a year, a gross yield of 5.9%.

ContractSizeAnnual rentPer sq.ft
2 Oct 20264,9221,800,000366
1 Oct 20264,755385,00081
25 Sep 20262,168180,00083
19 Sep 20264,333900,000208
15 Sep 20262,191165,00075
14 Sep 20262,189170,00078

Registered sale transactions published as open data by the Dubai Land Department, covering 12 months to 2026-10-09. Sizes are converted from the square metres DLD records. A registered price is what a buyer paid, which is not the same as an asking price. Gross yield is registered Ejari rent over registered sale price for the same twelve months, before service charge, agency fee, vacancy and management. It is the ceiling on a return, not the return.