Project · #1423 by 12M value
DAMAC Royale (Damac Towers) by Paramount Tower B
Market bulletin · Thu, 22 Oct 2026
DAMAC Royale (Damac Towers) by Paramount Tower B: 3 sales worth AED 5.60M in 30 days
DAMAC Royale (Damac Towers) by Paramount Tower B recorded 3 sales worth AED 5.60M in the 30 days to Thu, 22 Oct 2026, up 50.0% on the previous 30 days. Over the last week 1 sale was registered (AED 2.40M), against 0 the week before.
The median sale over the last three months was AED 1.91M, or AED 1,317/sqft.
By market over 12 months: secondary (ready) sales 100%.
In Business Bay, DAMAC Royale (Damac Towers) by Paramount Tower B ranked #11 of 11 leading projects by 12-month sales value; it is developed by Damac Properties.
Leases registered in the last three months had a median annual rent of AED 108K. The best gross yield is on 2 BR apartments at about 7.5%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | — |
| Aug 26 | — |
| Jul 26 | — |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | — |
| Feb 26 | — |
| Jan 26 | — |
| Dec 25 | AED 1,451 |
| Nov 25 | — |
| Oct 25 | — |
| Sept 25 | AED 1,677 |
| Aug 25 | AED 1,320 |
| Jul 25 | — |
| Jun 25 | — |
| May 25 | — |
| Apr 25 | AED 1,615 |
| Mar 25 | — |
| Feb 25 | — |
| Jan 25 | AED 1,598 |
| Dec 24 | — |
| Nov 24 | AED 1,586 |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 2 |
| Sept 26 | 0 | 0 | 2 |
| Aug 26 | 0 | 0 | 2 |
| Jul 26 | 0 | 0 | 0 |
| Jun 26 | 0 | 0 | 4 |
| May 26 | 0 | 0 | 1 |
| Apr 26 | 0 | 0 | 1 |
| Mar 26 | 0 | 0 | 1 |
| Feb 26 | 0 | 0 | 0 |
| Jan 26 | 0 | 0 | 3 |
| Dec 25 | 0 | 0 | 5 |
| Nov 25 | 0 | 0 | 2 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 3 | up 50.0% | AED 5.60M | — | — |
| Last 3 months | 6 | up 20.0% | AED 11.6M | 1,317 | down 0.2% |
| Last 6 months | 11 | down 21.4% | AED 20.9M | 1,317 | down 7.8% |
| Last 12 months | 25 | down 58.3% | AED 46.5M | 1,389 | down 9.3% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Secondary (ready) | 25 | 100% | AED 1.82M | 1,389 | down 9.3% |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 10 | 40% | AED 1.45M | 1,422 | down 10.7% |
| 2 bedrooms | 10 | 40% | AED 2.00M | 1,319 | down 10.2% |
| 3 bedrooms | 5 | 20% | AED 2.40M | 1,374 | down 5.9% |
| Type | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Apartments | 21 | 84% | AED 1.82M | 1,393 | down 10.7% |
| Hotel apartments | 4 | 16% | — | — | — |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 15 | 60% | AED 1.50M | 1,389 | down 9.8% |
| AED 2M–10M | 10 | 40% | AED 2.33M | 1,389 | down 7.5% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 131K |
| Sept 26 | AED 96K |
| Aug 26 | AED 112K |
| Jul 26 | AED 113K |
| Jun 26 | — |
| May 26 | — |
| Apr 26 | — |
| Mar 26 | AED 135K |
| Feb 26 | AED 155K |
| Jan 26 | AED 125K |
| Dec 25 | AED 138K |
| Nov 25 | AED 130K |
| Oct 25 | AED 130K |
| Sept 25 | AED 110K |
| Aug 25 | AED 120K |
| Jul 25 | AED 116K |
| Jun 25 | AED 133K |
| May 25 | AED 149K |
| Apr 25 | — |
| Mar 25 | AED 135K |
| Feb 25 | AED 125K |
| Jan 25 | AED 128K |
| Dec 24 | AED 132K |
| Nov 24 | AED 125K |
- Leases (12M)
- 200
- New leases
- 64.5%
- Median rent 3M
- AED 108K
- Rent/sqft 3M
- AED 95
| 1 BR apartments | AED 105K / AED 1.45M | 7.2% |
|---|---|---|
| 2 BR apartments | AED 150K / AED 2.00M | 7.5% |
| 3 BR apartments | AED 180K / AED 2.40M | 7.5% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 99 | AED 105K | AED 100K | 107 |
| 2 BR | 47 | AED 150K | AED 150K | 102 |
| 3 BR | 31 | AED 180K | AED 180K | 97 |
Competing projects in Business Bay
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Bugatti ResidencesBinghatti | 26 | 5,436 | — |
| DWTN Residences - Downtown ResidencesDeyaar Development | 294 | 2,773 | — |
| Al Habtoor TowerAl Habtoor Group | 177 | 2,661 | — |
| One by BinghattiBinghatti | 172 | 2,205 | up 2.7% |
| Tiger Sky TowerTiger Properties - Tiger Real Estate | 156 | 2,350 | — |
| Volante 2Xtreme Vision | 12 | 3,491 | — |
| Burj Binghatti by Jacob & CoBinghatti | 27 | 3,523 | — |
| Avarra - Business Bay Palace ResidencesEmaar Properties | 59 | 3,460 | — |
| One River PointEllington Properties Development | 79 | 2,714 | — |
| Bayz 102 By DanubeDanube Properties | 93 | 2,955 | — |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 2.40M | 3 BR Apartment · 1,747 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 16 Oct |
| AED 2.30M | 3 BR Apartment · 1,747 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 17 Sept |
| AED 2.00M | 2 BR Apartment · 1,394 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 3 Aug |
| AED 1.83M | 2 BR Apartment · 1,388 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 23 Sept |
| AED 1.65M | 2 BR Apartment · 1,394 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 31 Aug |
| AED 1.37M | 1 BR Apartment · 1,055 sqftDAMAC Royale (Damac Towers) by Paramount Tower B · Business Bay | 7 Oct |
Questions about DAMAC Royale (Damac Towers) by Paramount Tower B
What is the average price per sqft in DAMAC Royale (Damac Towers) by Paramount Tower B?
The median sale price in DAMAC Royale (Damac Towers) by Paramount Tower B over the last three months was AED 1,317 per sqft (median sale AED 1.91M), based on 6 sales registered with Dubai Land Department.
How many properties were sold in DAMAC Royale (Damac Towers) by Paramount Tower B in the last year?
25 sales worth AED 46.5M were registered in the last 12 months: 0% developer off-plan, 0% off-plan resales and 100% secondary (ready) sales.
What is the average rent in DAMAC Royale (Damac Towers) by Paramount Tower B?
The median annual rent on leases registered in the last three months was AED 108K, and the best gross rental yield is about 7.5%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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