Business Bay
Damac Towers By Paramount
داماك تاورز من باراماونتDAMAC STAR PROPERTIES (L L C) · Selling since 2008 · recent sales mostly resales
The Land Department’s record
completed per DLD · 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 published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Filed service charge, by cluster
This project filed 3 separate residential budgets for 2021. You pay the one your home sits in, not the average of them.
| Cluster or tower, as filed | AED per sqft |
|---|---|
| Damac Towers By Paramount - Damac Towers by Paramount - A | 25.0 |
| Damac Towers By Paramount - Damac Towers by Paramount - B | 25.0 |
| Damac Towers By Paramount - Damac Towers by Paramount - D | 25.0 |
Filed with the Land Department for 2021, the newest year its owners-association file covers. Charges have risen since, and a budget is not a bill. Which cluster a specific home belongs to is not in the register, so match the name against your own paperwork before relying on a figure.
Median per sqft
AED 1,309/sqft
3yr CAGR · resales
-8.7%
Resale record
92 months
Registered resales here span 92 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
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 registered at in Damac Towers By Paramount — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against 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 registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies 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.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 1.43M | AED 110,000/yrsame size in Business Bay | 7.7% | 63 |
| 2 beds | AED 2.08M | AED 150,000/yrsame size in Business Bay | 7.2% | 30 |
| 3 beds | AED 2.55M | AED 180,000/yrsame size in Business Bay | 7.1% | 18 |
What it returns after service charges
Starting from this building’s own owners-association budget for 2021 — AED 25/sqft, as filed 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 | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 23,587 | AED 86,414 | 7.7% | 6.0% |
| 2 beds | AED 37,148 | AED 112,853 | 7.2% | 5.4% |
| 3 beds | AED 43,669 | AED 136,331 | 7.1% | 5.3% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Damac Towers By Paramount
How much does a home in Damac Towers By Paramount cost?
Over the last twelve months a completed 1-bedroom in Damac Towers By Paramount sold for a median AED 1.43M (63 ready sales), a 2-bedroom for AED 2.08M (30 ready sales), a 3-bedroom for AED 2.55M (18 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Damac Towers By Paramount?
A 1-bedroom rents for a median AED 110,000/yr (homes of about that size in Business Bay, 2,390 new tenancies), a 2-bedroom rents for a median AED 150,000/yr (homes of about that size in Business Bay, 1,435 new tenancies), a 3-bedroom rents for a median AED 180,000/yr (homes of about that size in Business Bay, 718 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Damac Towers By Paramount, so every figure above is the rent for homes of that size in Business Bay — the area's rent, not this project's own.
What rental yield does Damac Towers By Paramount give?
Gross yields on completed homes in Damac Towers By Paramount run about 7.7% on a 1-bedroom, 7.2% on a 2-bedroom, 7.1% on a 3-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, 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 146 sales registered in Damac Towers By Paramount in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered 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 2,752 sales in Damac Towers By Paramount, the earliest registered in 2008. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Business Bay median
-38.3%
Priced at or below the area's real median.
Developer track record
8,101 real transactions
11 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
Moderate competitionWhen Damac Towers By Paramount completed in October 2018, 4 other other projects in Business Bay were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 146 more other projects in Business Bay are still in the pipeline overall.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
1.5 km
Business Bay
Nearest school
1.2 km
GEMS Our Indian School
Nearest hospital
1.0 km
Nexx Home Healthcare Services
Nearest supermarket
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.
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Buildings in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Business Bay
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 median 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 open an official system on the day: the agent's licence, the project's escrow, and its registered status.
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