3003, DAMAC Royale (Damac Towers) by Paramount Tower B
Sold prices and rental history: sold once, by the developer in December 2015, 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 3003, DAMAC Royale (Damac Towers) by Paramount Tower B
What is 3003 worth today?
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Source: Dubai Land Department. Updated 11 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 929 sqft
- Floor
- 30th of 69
- Parking
- P4-263
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 26,700 /yr
- Last sold
- AED 2.47M · December 2015
About 3003, DAMAC Royale (Damac Towers) by Paramount Tower B
3003 is a one-bedroom apartment of 929 sqft on the 30th 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 29 December 2015 for AED 2,470,000, or AED 2,658 per sqft, in line with the AED 2,659 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 11 November 2023, is AED 95,000 a year: a gross yield of 3.9% on the 2015 price, before the service charge of about AED 26,700 a year.
Sales and rents for 3003 over time
3003 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 3003 sits
All 199 1-beds →3003 last sold in December 2015 at AED 2,658 per sqft, in line with what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower B were fetching at the time (AED 2,659). 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. 3003's AED 95,000 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 30th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3001 | 2-bed | 1,394 sqft | AED 3.7MAED 3,700,800 · Apr 2016April 2016 | ||
| 3002 | 1-bed | 954 sqft | AED 2.42MAED 2,419,200 · Apr 2016April 2016 | ||
| 3004 | 1-bed | 939 sqft | AED 2.33MAED 2,332,500 · Dec 2015December 2015 | 105,000 /yr | |
| 3005 | 3-bed | 1,747 sqft | AED 2.24MAED 2,240,000 · Mar 2021March 2021 | 180,000 /yr | |
| 3006 | 1-bed | 1,055 sqft | AED 2.8MAED 2,804,000 · Jan 2020January 2020 | ||
| 3007 | 2-bed | 1,515 sqft | AED 2.52MAED 2,522,680 · Nov 2021November 2021 |
3003, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers
- Sold once: by DAMAC on 29 December 2015 for AED 2,470,000, or AED 2,658 per sqft.
- Rented since November 2019 on 5 Ejari contracts, from AED 80,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2015 price is 3.9%, before a service charge of about AED 26,700 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 11 November 2023.
Questions about 3003, DAMAC Royale (Damac Towers) by Paramount Tower B
What did unit 3003 last sell for?
AED 2,470,000 on 29 December 2015, sold by the developer: AED 2,658 per sqft for 929 sqft. It is the only registered sale of the unit.
What is the rent for unit 3003?
AED 95,000 a year on the contract renewed on 11 November 2023. The previous contract, from November 2022, was AED 90,000; the unit has been rented since November 2019.
How big is unit 3003?
929 sqft (86.3 sqm): a one-bedroom apartment on the 30th floor of a 69-storey tower completed in 2018.
What is unit 3003 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 3003, DAMAC Royale (Damac Towers) by Paramount Tower B
Starts from the last sale price (AED 2.47M, 29 December 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,470,000
- Deposit, UAE resident (20%)
- AED 494,000
- Deposit, non-resident (40%)
- AED 988,000
- Monthly over 25 years at 3.7%
- AED 10,106
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →