1604, DAMAC Royale (Damac Towers) by Paramount Tower B
Sold prices and rental history: sold once, by the developer in July 2013, 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 1604, DAMAC Royale (Damac Towers) by Paramount Tower B
What is 1604 worth today?
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Source: Dubai Land Department. Updated 13 March 2026.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 939 sqft
- Floor
- 16th of 69
- Parking
- P3-228
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 27,000 /yr
- Last sold
- AED 1.86M · July 2013
About 1604, DAMAC Royale (Damac Towers) by Paramount Tower B
1604 is a one-bedroom hotel apartment of 939 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 14 July 2013 for AED 1,860,600, or AED 1,981 per sqft, in line with the AED 1,981 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 10 Ejari contracts. The current contract, signed on 13 March 2026, is AED 105,000 a year: a gross yield of 5.6% on the 2013 price, before the service charge of about AED 27,000 a year.
Sales and rents for 1604 over time
1604 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 B, and where 1604 sits
All 199 1-beds →1604 last sold in July 2013 at AED 1,981 per sqft, in line with what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower B were fetching at the time (AED 1,981). Over the last 12 months one-beds sold for AED 1,250,000 to 2,070,000, around AED 1,460 per sqft, and rent for AED 60,000 to 190,000 a year. 1604's AED 105,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 1,055 sqft | 1,550,000 | 1,468 | ||
| 7 Oct 20267 October 2026 | 1,055 sqft | 1,374,222 | 1,302 | ||
| 8 Jul 20268 July 2026 | 929 sqft | 2,070,000 | 2,228 | ||
| 6 Jul 20266 July 2026 | 929 sqft | 1,400,000 | 1,507 |
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 | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,456 sqft | AED 3.51MAED 3,507,040 · Mar 2014March 2014 | 155,000 /yr | |
| 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 | |
| 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 |
1604, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers
- Sold once: by DAMAC on 14 July 2013 for AED 1,860,600, or AED 1,981 per sqft.
- Rented since August 2019 on 10 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2021 and recovered to AED 105,000 by March 2026.
- At AED 105,000 a year the gross yield on the 2013 price is 5.6%, before a service charge of about AED 27,000 a year (AED 28.70 per sqft).
- One-beds in DAMAC Royale (Damac Towers) by Paramount Tower B sold for AED 1,250,000–2,070,000 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 13 March 2026.
Questions about 1604, DAMAC Royale (Damac Towers) by Paramount Tower B
What did unit 1604 last sell for?
AED 1,860,600 on 14 July 2013, sold by the developer: AED 1,981 per sqft for 939 sqft. It is the only registered sale of the unit.
What is the rent for unit 1604?
AED 105,000 a year on the contract signed on 13 March 2026. The previous contract, from April 2025, was AED 115,000; the unit has been rented since August 2019.
How big is unit 1604?
939 sqft (87.2 sqm): a one-bedroom hotel apartment on the 16th floor of a 69-storey tower completed in 2018.
What is unit 1604 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 B sold for AED 1,250,000 to 2,070,000 in the last 12 months, around AED 1,460 per sqft.
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Mortgage on 1604, DAMAC Royale (Damac Towers) by Paramount Tower B
Starts from the last sale price (AED 1.86M, 14 July 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,860,600
- Deposit, UAE resident (20%)
- AED 372,120
- Deposit, non-resident (40%)
- AED 744,240
- Monthly over 25 years at 3.7%
- AED 7,612
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →