Damac Towers by Paramount

Completed|2,041 units · 4 towers · 1 building

Damac Towers by Paramount is a completed community by DAMAC in Business Bay, comprising 2,041 registered units. 2,750 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,548 per sqft. At AED 1,548 per sqft, Damac Towers by Paramount prices in line with the Business Bay median of AED 1,554 per sqft on registered sales.

PIX© price · ↓2.6% YoY

1.58MAED

Typical

1,548AED

PSF

Gross yield

6.8%

PIX© rent ÷ PIX© price

Sale records

2,750

DLD · all time

Rent contracts

4,548

Ejari · all time

Explore locations

4 inside Damac Towers by Paramount

Tower D

654 sales · 1,572 rentals

Tower B

586 sales · 1,556 rentals

Tower A

592 sales · 1,379 rentals

Tower C

917 sales · 10 rentals

SATELLITE

LocationBusiness Bay

Drive times · typical

Downtown Dubai9 min · 2.8 km

DXB Airport12 min · 14.7 km

DIFC15 min · 6.1 km

Dubai Marina25 min · 24.0 km

Palm Jumeirah26 min · 26.3 km

Nearest · straight-line

Metro stationBurj Khalifa/ Dubai Mall Metro Station2.8 km

MallArchiade Atelier0.6 km

SchoolBlossom Design District Nursery0.5 km

HospitalShades Medical Center | Dental Clinic0.9 km

Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Building

Floor

Units on floor 17

…

1 Bed on Floor 17, Tower A

Size
Record: May 2013 to May 2026
Owners: 6
Tenants: 4
Price change
Yield on cost

Sale price by owner

Party	Date	Held	Note
6Owner 6	8 May 2026	4 mo	Current owner
4Tenant 4	3 Apr 2025	12 mo	Owner 5
3Tenant 3	5 Jul 2024	9 mo	Ended early Owner 5
5Owner 5	25 Sep 2023	2.6 yrs	Mortgage
4Owner 4	10 Nov 2022	10 mo
2Tenant 2	5 Mar 2021	12 mo	Owner 3
1Tenant 1	10 Feb 2020	13 mo	Owner 3
3Owner 3	12 Nov 2018	4.0 yrs
2Owner 2	29 May 2016	2.5 yrs
1Owner 1	11 May 2013	3.0 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

1 Bed · Floor 17 · Tower A

Nightly rateAED

Occupancy (237 nights)

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Damac Towers by Paramount1,548AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 451 - 6,379 sqft	2,041	1.58M	1,548	↓2.6%		108K	6.8%
Residential
1 Bed · Apartment 918 - 1,462 sqft	488
2 Bed · Apartment 1,345 - 2,075 sqft	302
3 Bed · Apartment 1,744 - 2,247 sqft	191
4 Bed · Apartment 2,801 sqft	1			-		-	-
Studio · Hotel Apartment 451 - 637 sqft	729					-	-
1 Bed · Hotel Apartment 630 - 1,580 sqft	203
2 Bed · Hotel Apartment 1,388 - 1,517 sqft	58
3 Bed · Hotel Apartment 1,744 - 1,997 sqft	48
Commercial
Office 1,709 - 3,056 sqft	2	-	-	-	-	-	-
Shop 2,004 - 6,379 sqft	19	-	-	-

Sales - Project-Wide2,750 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
15 Sep 2026	3 Bed	Tower B · Floor 33	1,747	2,200,000	1,259	-56.6%	Standard	Standard Sale
11 Sep 2026	3 Bed	Tower B · Floor 59	1,744	2,500,000	1,434	-29.3%	Standard	Standard Sale
8 Sep 2026	3 Bed	Tower A · Floor 19	1,746	2,600,000	1,489	-8.8%	Standard	Standard Sale

Rentals - Project-Wide4,548 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Unit No.	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
28 Nov 2026	—	—	Floor P2	5,272	1,449,800	275	-	Standard	CONTRACT
8 Oct 2026		1 Bed	Tower D · Floor 21	1,055	100,000	95	-	Standard	CONTRACT
1 Oct 2026		2 Bed	Tower D · Floor 27	1,515	150,000	99	-	Standard	CONTRACT

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Damac Towers by Paramount

Compared with

Tower A

PIX© PSF

1,454

Rank

#24 of 36

#23 of 36

Typical price

1.63M

Yield

7.0%

Units

2,041

398

Sales

543

139

Rents

2,511

772

Developer

DAMAC

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Bay's Edge DAMAC · Completed	261					76	661
	Churchill Towers EMIRATES NATIONAL INVESTMENT CO (L.L.C) · Completed	1,282					417	3,279
	Churchill Residency Tower EMIRATES NATIONAL INVESTMENT CO (L.L.C) · Completed	492					169	999
	Elite Business Bay Residence TRIPLANET RANGE 2 INVESTMENTS LIMITED · Completed	540					212	1,438
	Tower A DAMAC · Completed	398					139	772
24	Damac Towers by Paramount DAMAC · Completed	2,041	1,454	Subject	1.63M	7.0%	543	2,511
	Avanti DAMAC · Completed	161					58	413
	Tower B DAMAC · Completed	399					148	841
	Millennium Binghatti Residences BINGHATTI DEVELOPERS FZE · Completed	246					93	419
	Waters Edge DAMAC · Completed	222					91	403
	The Residences at Business Central DAMAC · Completed	228					98	441

Community median 1,554 AED/sqft. Showing the closest-ranked peers of 36 ranked projects in the community. 13 community projects excluded for insufficient recorded sales. 57 excluded for trading only in the off-plan market. 24 excluded for insufficient unit-mix overlap. Peer set trimmed to the most similar projects by unit size, vintage and status. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Business Bay

The closest-priced registered projects in Business Bay.

Merano TowerAED 1,554/sqft
Bay's EdgeAED 1,539/sqft
The AtriaAED 1,560/sqft
Churchill TowersAED 1,529/sqft
Churchill Residency TowerAED 1,529/sqft
Elite Business Bay ResidenceAED 1,493/sqft

Common questions about Damac Towers by Paramount

Answered from Dubai Land Department registered transactions.

How much does a property in Damac Towers by Paramount cost?

Property in Damac Towers by Paramount sells at a current PIX© price of AED 1,548 per sqft, or about AED 1,578,898 for a typical unit, based on 2,750 sales registered with the Dubai Land Department.

Is Damac Towers by Paramount completed?

Yes. Damac Towers by Paramount is recorded as completed in the Dubai Land Department project register.

Who is the developer of Damac Towers by Paramount?

Damac Towers by Paramount is developed by DAMAC, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Damac Towers by Paramount?

Damac Towers by Paramount yields 6.8% gross, calculated from current PIX© rent against current PIX© sale price, across 4,548 registered Ejari contracts.

How many units are in Damac Towers by Paramount?

Damac Towers by Paramount holds 2,041 registered units across 4 towers, per the Dubai Land Department unit register.

Have prices in Damac Towers by Paramount gone up or down?

Price per sqft has fallen -2.6% over the last 12 months, to AED 1,548, across 2,750 registered sales.