3406, DAMAC Royale (Damac Towers) by Paramount Tower A
Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3406, DAMAC Royale (Damac Towers) by Paramount Tower A
What is 3406 worth today?
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Source: Dubai Land Department. Updated 1 October 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,055 sqft
- Floor
- 34th of 69
- Parking
- P5-105
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 30,200 /yr
- Last sold
- AED 2.46M · May 2013
About 3406, DAMAC Royale (Damac Towers) by Paramount Tower A
3406 is a one-bedroom hotel apartment of 1,055 sqft on the 34th floor of DAMAC Royale (Damac Towers) by Paramount Tower A, a 69-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 11 May 2013 for AED 2,464,000, or AED 2,335 per sqft, 8% above the AED 2,160 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 October 2024, is AED 105,000 a year: a gross yield of 4.3% on the 2013 price, before the service charge of about AED 30,200 a year.
Sales and rents for 3406 over time
3406 has sold once; 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 3406 sits
All 199 1-beds →3406 last sold in May 2013 at AED 2,335 per sqft, 8% above what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower A were fetching at the time (AED 2,160). 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. 3406's AED 105,000 is in the lower half 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 34th floor
All 398 units in DAMAC Royale (Damac Towers) by Paramount Tower A| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | 2-bed | 1,394 sqft | AED 2.33MAED 2,328,480 · Mar 2022March 2022 | ||
| 3402 | 1-bed | 474 sqft | AED 2.13MAED 2,133,600 · Jun 2013June 2013 | 115,000 /yr | |
| 3403 | 1-bed | 929 sqft | AED 2.07MAED 2,074,800 · Jun 2013June 2013 | 74,498 /yr | |
| 3404 | 1-bed | 939 sqft | AED 1.9MAED 1,900,000 · May 2013May 2013 | 90,000 /yr | |
| 3405 | 3-bed | 1,747 sqft | AED 3.94MAED 3,936,100 · May 2013May 2013 | 170,000 /yr | |
| 3407 | 2-bed | 1,515 sqft | AED 3.44MAED 3,437,000 · May 2013May 2013 | 120,000 /yr |
3406, DAMAC Royale (Damac Towers) by Paramount Tower A in numbers
- Sold once: by DAMAC on 11 May 2013 for AED 2,464,000, or AED 2,335 per sqft.
- Rented since January 2022 on 4 Ejari contracts, from AED 85,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2013 price is 4.3%, before a service charge of about AED 30,200 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 1 October 2024.
Questions about 3406, DAMAC Royale (Damac Towers) by Paramount Tower A
What did unit 3406 last sell for?
AED 2,464,000 on 11 May 2013, sold by the developer: AED 2,335 per sqft for 1,055 sqft. It is the only registered sale of the unit.
What is the rent for unit 3406?
AED 105,000 a year on the contract signed on 1 October 2024. The previous contract, from September 2024, was AED 105,000; the unit has been rented since January 2022.
How big is unit 3406?
1,055 sqft (98.0 sqm): a one-bedroom hotel apartment on the 34th floor of a 69-storey tower completed in 2018.
What is unit 3406 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 3406, DAMAC Royale (Damac Towers) by Paramount Tower A
Starts from the last sale price (AED 2.46M, 11 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,464,000
- Deposit, UAE resident (20%)
- AED 492,800
- Deposit, non-resident (40%)
- AED 985,600
- Monthly over 25 years at 3.7%
- AED 10,081
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →