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DAMAC TOWERS BY PARAMOUNT

Completed

Developed by DAMAC STAR PROPERTIES (L L C). Located in Business Bay.

Construction progress100%Expected 23 Oct 2018
Units2,0415 buildings · 0 villas
Registered sales2,750144 in the last 12 months
Median sale priceAED 1.92MMedian of registered salesAED 2,107/sqft

Registry record

Project number
443
Name on the register
داماك تاورز من باراماونت
Developer
DAMAC STAR PROPERTIES (L L C)
Master developer
الخليج التجاري (ش.ذ.م.م)
Escrow agent
ABU DHABI ISLAMIC BANK
Zoning authority
Dubai Development Authority (DDA)
Master project
Business Bay
Start date
27 Mar 2008
Expected completion
23 Oct 2018
Actual completion
23 Oct 2018
Cancelled
Not recorded
Plots
0
Progress
100%

The project is consisting of 3 towers of Deluxe serviced apartments and 1 Tower consisting of a 5 Stars Hotel , with a common podium in Dubai Business Bay. The buildings configuration is 2B+G+8P+61+R and is designed to have a concrete structure and block with internal and external finishes.

Sales evidence

Median size
949 sqft
Median price per sqft
AED 2,107/sqft
Total value transacted
AED 5.69B
Off-plan vs ready
1,556 off-plan · 1,194 ready
First sale
6 Oct 2008
Latest sale
17 Aug 2026

Service charges (2023)

The owner-association charge approved by the Land Department, broken down by cost category. Totalling AED 6,044 per square foot per year — the recurring cost of ownership that an asking price never shows.

CategoryUsageManaged byAED/sqft
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Reserved FundResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Shared ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
ImprovementResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ParkingResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1983.00
Utilities ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C9.00
Management ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
IncomeResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Reserved FundResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Shared ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
ImprovementResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ParkingResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1983.00
Utilities ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C9.00
Management ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
IncomeResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
Reserved FundResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
Shared ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C7.00
ImprovementResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
ParkingResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1983.00
Utilities ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C10.00
Management ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C1.00
IncomeResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00
Shared ServicesResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C4.00
MaintenanceResidentialLUXURY OWNER ASSOCIATION MANAGEMENT SERVICES CO. L.L.C0.00

Registered sales in this project

All sales
Registered property transactions from the Dubai Land Department
DateCommunityProject / buildingTypeBedsSizePrice/sqftPrice
17 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R1,041 sqftAED 1,460/sqftAED 1,520,000
17 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R1,250 sqftAED 1,224/sqftAED 1,530,000
13 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R965 sqftAED 1,243/sqftAED 1,200,000
13 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayHotel RoomsExisting PropertiesStudio473 sqftAED 1,710/sqftAED 809,000
10 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayHotel RoomsExisting PropertiesStudio451 sqftAED 1,662/sqftAED 750,000
4 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,394 sqftAED 1,219/sqftAED 1,700,000
3 Aug 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,394 sqftAED 1,435/sqftAED 2,000,000
24 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,388 sqftAED 1,297/sqftAED 1,800,000
22 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayHotel RoomsExisting Properties1 B/R1,058 sqftAED 1,544/sqftAED 1,634,149
14 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R939 sqftAED 1,310/sqftAED 1,230,000
14 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,476 sqftAED 1,301/sqftAED 1,920,000
9 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties3 B/R1,747 sqftAED 1,259/sqftAED 2,200,000
9 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,515 sqftAED 1,109/sqftAED 1,680,000
9 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R929 sqftAED 2,228/sqftAED 2,070,000
7 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties3 B/R1,747 sqftAED 1,174/sqftAED 2,050,000
6 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,523 sqftAED 1,212/sqftAED 1,845,033
6 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R929 sqftAED 1,507/sqftAED 1,400,000
3 Jul 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties3 B/R1,744 sqftAED 1,587/sqftAED 2,767,297
26 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties3 B/R1,744 sqftAED 1,434/sqftAED 2,500,000
19 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,434 sqftAED 1,272/sqftAED 1,825,000
18 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R929 sqftAED 1,561/sqftAED 1,450,000
12 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties2 B/R1,517 sqftAED 1,410/sqftAED 2,138,254
11 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayHotel ApartmentExisting Properties2 B/R1,515 sqftAED 1,320/sqftAED 2,000,000
10 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R942 sqftAED 1,508/sqftAED 1,420,000
9 Jun 2026Business BayDAMAC TOWERS BY PARAMOUNTBusiness BayFlatExisting Properties1 B/R1,056 sqftAED 1,393/sqftAED 1,470,000

Source: Dubai Land Department open data, retrieved from the Digital Dubai data.dubai platform. Figures cover registered transactions and Ejari-registered tenancy contracts, and are statistical summaries of public record — not a valuation of any individual property. Registration data can be amended or backdated by the source after first publication.