1002, DAMAC Royale (Damac Towers) by Paramount Tower A
Sold prices and rental history: sold twice, last in October 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, DAMAC Royale (Damac Towers) by Paramount Tower A
What is 1002 worth today?
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Source: Dubai Land Department. Updated 11 October 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 965 sqft
- Floor
- 10th of 69
- Parking
- P3-114
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 27,600 /yr
- Last sold
- AED 1.34M · October 2023
About 1002, DAMAC Royale (Damac Towers) by Paramount Tower A
1002 is a one-bedroom apartment of 965 sqft on the 10th floor of DAMAC Royale (Damac Towers) by Paramount Tower A, a 69-storey tower in Business Bay completed in 2018 by DAMAC. It last sold on 11 October 2023 for AED 1,340,000, or AED 1,389 per sqft, in line with the AED 1,388 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 August 2022, is AED 70,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 27,600 a year.
Sales and rents for 1002 over time
1002 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in DAMAC Royale (Damac Towers) by Paramount Tower A, and where 1002 sits
All 199 1-beds →1002 last sold in October 2023 at AED 1,389 per sqft, in line with what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower A were fetching at the time (AED 1,388). Over the last 12 months one-beds sold for AED 1,100,000 to 2,133,700, around AED 1,494 per sqft, and rent for AED 72,000 to 190,000 a year. 1002's AED 70,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 929 sqft | 1,150,000 | 1,237 | ||
| 2 Sep 20262 September 2026 | 1,055 sqft | 1,490,000 | 1,412 | ||
| 29 Aug 202629 August 2026 | 945 sqft | 1,500,000 | 1,587 | ||
| 24 Aug 202624 August 2026 | 945 sqft | 1,300,000 | 1,375 |
DAMAC Royale (Damac Towers) by Paramount Tower A
Building398 apartments, 1-bed to 4-bed over 69 floors in Business Bay, completed in 2018 by DAMAC. 43 sold in the last 12 months.
- Typical price per sqft
- AED 1,508 Down 5.3%
- Typical sale
- AED 2.02M
- Typical rent
- AED 110K /yr
- Typical yield
- 6.5%
Other units on the 10th floor
All 398 units in DAMAC Royale (Damac Towers) by Paramount Tower A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,501 sqft | AED 2.1MAED 2,100,000 · Feb 2025February 2025 | 135,000 /yr | |
| 1003 | 1-bed | 929 sqft | AED 1.25MAED 1,250,000 · Jun 2023June 2023 | 100,000 /yr | |
| 1004 | 1-bed | 940 sqft | AED 1.45MAED 1,450,000 · Jul 2025July 2025 | 90,000 /yr | |
| 1005 | 3-bed | 1,746 sqft | AED 2.84MAED 2,840,000 · Jan 2022January 2022 | ||
| 1006 | 1-bed | 1,055 sqft | AED 2.64MAED 2,637,664 · Apr 2014April 2014 | 120,000 /yr | |
| 1007 | 2-bed | 1,488 sqft | AED 3.75MAED 3,751,000 · Nov 2017November 2017 | 170,000 /yr |
1002, DAMAC Royale (Damac Towers) by Paramount Tower A in numbers
- Sold twice: first on 15 May 2014 for AED 2,215,400, last on 11 October 2023 for AED 1,340,000 (AED 1,389 per sqft).
- Rented since September 2019 on 3 Ejari contracts, at AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 27,600 a year (AED 28.65 per sqft).
- One-beds in DAMAC Royale (Damac Towers) by Paramount Tower A sold for AED 1,100,000–2,133,700 in the 12 months to November 2026; the building's median across all types is AED 1,508 per sqft.
Source: Dubai Land Department. Updated 11 October 2023.
Questions about 1002, DAMAC Royale (Damac Towers) by Paramount Tower A
What did unit 1002 last sell for?
AED 1,340,000 on 11 October 2023: AED 1,389 per sqft for 965 sqft. The unit has 2 registered sales; the first was AED 2,215,400 in May 2014.
What is the rent for unit 1002?
AED 70,000 a year on the contract signed on 1 August 2022. The previous contract, from September 2020, was AED 65,000; the unit has been rented since September 2019.
How big is unit 1002?
965 sqft (89.7 sqm): a one-bedroom apartment on the 10th floor of a 69-storey tower completed in 2018.
What is unit 1002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in DAMAC Royale (Damac Towers) by Paramount Tower A sold for AED 1,100,000 to 2,133,700 in the last 12 months, around AED 1,494 per sqft.
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Mortgage on 1002, DAMAC Royale (Damac Towers) by Paramount Tower A
Starts from the last sale price (AED 1.34M, 11 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,340,000
- Deposit, UAE resident (20%)
- AED 268,000
- Deposit, non-resident (40%)
- AED 536,000
- Monthly over 25 years at 3.7%
- AED 5,482
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →