2-bed · 1,515 sqftDAMAC Royale (Damac Towers) by Paramount Tower B, Business Bay · 20th floor · completed 2018

2007, DAMAC Royale (Damac Towers) by Paramount Tower B

Sold prices and rental history: sold once, by the developer in September 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2007 · DLD and Ejari recordsUpdated 18 September 2013
Last soldAED 3.17M18 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2007, DAMAC Royale (Damac Towers) by Paramount Tower B

What is 2007 worth today?

Last sold for AED 3,174,500 in 2013

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18 Sep 2013Sold by developerOff-plan
AED 3,174,500AED 2,095 per sqft

Source: Dubai Land Department. Updated 18 September 2013.

Key facts

Type
2-bed hotel apartment
Size
1,515 sqft
Floor
20th of 69
Parking
P4-49
Developer
DAMAC
Completed
2018
Service charge
AED 43,500 /yr
Last sold
AED 3.17M · September 2013

About 2007, DAMAC Royale (Damac Towers) by Paramount Tower B

2007 is a two-bedroom hotel apartment of 1,515 sqft on the 20th 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 18 September 2013 for AED 3,174,500, or AED 2,095 per sqft, in line with the AED 2,069 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2007 over time

Sales
Unit 2007, each saleTypical two-bed in DAMAC Royale (Damac Towers) by Paramount Tower B
2M4M2013201720212025Typical sale price by year: 2013 AED 2,988,300; 2014 AED 4,081,200; 2015 AED 3,615,710; 2016 AED 3,616,565; 2017 AED 3,250,500; 2018 AED 3,172,617; 2019 AED 1,500,000; 2020 AED 1,754,290; 2021 AED 2,118,000; 2022 AED 2,797,440; 2023 AED 2,802,065; 2024 AED 2,225,000; 2025 AED 2,264,151; 2026 AED 1,994,491Sold by developer, September 2013: AED 3,174,500 (AED 2,095 per sqft)

2007 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2007, each contractTypical two-bed in DAMAC Royale (Damac Towers) by Paramount Tower B
100K150K20192021202320252027Typical rent by year: 2019 AED 105,000; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 130,000; 2023 AED 145,000; 2024 AED 150,000; 2025 AED 156,000; 2026 AED 145,000

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 2007 sits

All 120 2-beds →

2007 last sold in September 2013 at AED 2,095 per sqft, in line with 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.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20262,175,000
23 Sep 20261,827,156
4 Aug 20261,700,000
3 Aug 20262,000,000
11 2-bed sales in the last 12 months

DAMAC Royale (Damac Towers) by Paramount Tower B

Building

399 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%
DAMAC Royale (Damac Towers) by Paramount Tower B, Business Bay: prices, sales and rents →
Value
20012-bedAED 1.7M · Aug 2026
20021-bedAED 2.02M · Aug 2013
20031-bedAED 1.8M · Sep 2022
20041-bedAED 1.86M · Nov 2013
20053-bedAED 3.64M · Jun 2014
20061-bedAED 2.8M · Mar 2014

2007, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers

  • Sold once: by DAMAC on 18 September 2013 for AED 3,174,500, or AED 2,095 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 18 September 2013.

Questions about 2007, DAMAC Royale (Damac Towers) by Paramount Tower B

What did unit 2007 last sell for?

AED 3,174,500 on 18 September 2013, sold by the developer: AED 2,095 per sqft for 1,515 sqft. It is the only registered sale of the unit.

How big is unit 2007?

1,515 sqft (140.7 sqm): a two-bedroom hotel apartment on the 20th floor of a 69-storey tower completed in 2018.

What is unit 2007 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 2007, DAMAC Royale (Damac Towers) by Paramount Tower B

Starts from the last sale price (AED 3.17M, 18 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,174,500
Deposit, UAE resident (20%)
AED 634,900
Deposit, non-resident (40%)
AED 1,269,800
Monthly over 25 years at 3.7%
AED 12,988

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →