1601, DAMAC Royale (Damac Towers) by Paramount Tower B
Sold prices and rental history: sold once, by the developer in March 2014, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, DAMAC Royale (Damac Towers) by Paramount Tower B
What is 1601 worth today?
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Source: Dubai Land Department. Updated 9 December 2024.
Key facts
- Type
- 2-bed hotel apartment
- Size
- 1,456 sqft
- Floor
- 16th of 69
- Parking
- P3-216
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 41,800 /yr
- Last sold
- AED 3.51M · March 2014
About 1601, DAMAC Royale (Damac Towers) by Paramount Tower B
1601 is a two-bedroom hotel apartment of 1,456 sqft on the 16th floor of DAMAC Royale (Damac Towers) by Paramount Tower B, a 69-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 24 March 2014 for AED 3,507,040, or AED 2,408 per sqft, 16% above the AED 2,069 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 9 December 2024, is AED 155,000 a year: a gross yield of 4.4% on the 2014 price, before the service charge of about AED 41,800 a year.
Sales and rents for 1601 over time
1601 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in DAMAC Royale (Damac Towers) by Paramount Tower B, and where 1601 sits
All 120 2-beds →1601 last sold in March 2014 at AED 2,408 per sqft, 16% above what two-beds in DAMAC Royale (Damac Towers) by Paramount Tower B were fetching at the time (AED 2,069). Over the last 12 months two-beds sold for AED 1,700,000 to 2,500,000, around AED 1,320 per sqft, and rent for AED 110,000 to 190,000 a year. 1601's AED 155,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 1,407 sqft | 2,175,000 | 1,545 | ||
| 23 Sep 202623 September 2026 | 1,388 sqft | 1,827,156 | 1,316 | ||
| 4 Aug 20264 August 2026 | 1,394 sqft | 1,700,000 | 1,219 | ||
| 3 Aug 20263 August 2026 | 1,394 sqft | 2,000,000 | 1,434 |
DAMAC Royale (Damac Towers) by Paramount Tower B
Building399 apartments, 1-bed to 3-bed over 69 floors in Business Bay, completed in 2018 by DAMAC. 33 sold in the last 12 months.
- Typical price per sqft
- AED 1,404 Down 12.1%
- Typical sale
- AED 1.83M
- Typical rent
- AED 120K /yr
- Typical yield
- 7.3%
Other units on the 16th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 965 sqft | AED 2.07MAED 2,068,000 · Dec 2013December 2013 | ||
| 1603 | 1-bed | 929 sqft | AED 1.98MAED 1,976,100 · Nov 2013November 2013 | 105,000 /yr | |
| 1604 | 1-bed | 939 sqft | AED 1.86MAED 1,860,600 · Jul 2013July 2013 | 105,000 /yr | |
| 1605 | 3-bed | 1,747 sqft | AED 3.64MAED 3,636,000 · Sep 2013September 2013 | 180,000 /yr | |
| 1606 | 1-bed | 1,055 sqft | AED 2.22MAED 2,224,600 · Dec 2013December 2013 | 110,000 /yr | |
| 1607 | 2-bed | 1,515 sqft | AED 2.5MAED 2,500,000 · Oct 2024October 2024 | 208,800 /yr |
1601, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers
- Sold once: by DAMAC on 24 March 2014 for AED 3,507,040, or AED 2,408 per sqft.
- Rented since December 2019 on 5 Ejari contracts, from AED 98,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2014 price is 4.4%, before a service charge of about AED 41,800 a year (AED 28.70 per sqft).
- Two-beds in DAMAC Royale (Damac Towers) by Paramount Tower B sold for AED 1,700,000–2,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,404 per sqft.
Source: Dubai Land Department. Updated 9 December 2024.
Questions about 1601, DAMAC Royale (Damac Towers) by Paramount Tower B
What did unit 1601 last sell for?
AED 3,507,040 on 24 March 2014, sold by the developer: AED 2,408 per sqft for 1,456 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 155,000 a year on the contract signed on 9 December 2024. The previous contract, from August 2023, was AED 118,000; the unit has been rented since December 2019.
How big is unit 1601?
1,456 sqft (135.3 sqm): a two-bedroom hotel apartment on the 16th floor of a 69-storey tower completed in 2018.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in DAMAC Royale (Damac Towers) by Paramount Tower B sold for AED 1,700,000 to 2,500,000 in the last 12 months, around AED 1,320 per sqft.
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Mortgage on 1601, DAMAC Royale (Damac Towers) by Paramount Tower B
Starts from the last sale price (AED 3.51M, 24 March 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 3,507,040
- Deposit, UAE resident (20%)
- AED 701,408
- Deposit, non-resident (40%)
- AED 1,402,816
- Monthly over 25 years at 3.7%
- AED 14,348
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →