5601, DAMAC Royale (Damac Towers) by Paramount Tower B
Sold prices and rental history: sold twice, last in October 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5601, DAMAC Royale (Damac Towers) by Paramount Tower B
What is 5601 worth today?
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Source: Dubai Land Department. Updated 10 July 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,962 sqft
- Floor
- 56th of 69
- Parking
- P5-220 & P5-250
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 56,300 /yr
- Last sold
- AED 2.8M · October 2022
About 5601, DAMAC Royale (Damac Towers) by Paramount Tower B
5601 is a three-bedroom apartment of 1,962 sqft on the 56th floor of DAMAC Royale (Damac Towers) by Paramount Tower B, a 69-storey tower in Business Bay completed in 2018 by DAMAC. It last sold on 31 October 2022 for AED 2,800,000, or AED 1,427 per sqft, 4% below the AED 1,488 three-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 10 July 2026, is AED 150,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 56,300 a year.
Sales and rents for 5601 over time
5601 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in DAMAC Royale (Damac Towers) by Paramount Tower B, and where 5601 sits
All 80 3-beds →5601 last sold in October 2022 at AED 1,427 per sqft, 4% below what three-beds in DAMAC Royale (Damac Towers) by Paramount Tower B were fetching at the time (AED 1,488). Over the last 12 months three-beds sold for AED 2,200,000 to 2,550,000, around AED 1,403 per sqft, and rent for AED 140,000 to 231,000 a year. 5601's AED 150,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,747 sqft | 2,400,000 | 1,373 | ||
| 17 Sep 202617 September 2026 | 1,747 sqft | 2,300,000 | 1,316 | ||
| 15 Sep 202615 September 2026 | 1,747 sqft | 2,200,000 | 1,259 | ||
| 11 Sep 202611 September 2026 | 1,744 sqft | 2,500,000 | 1,433 |
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 56th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5602 | 2-bed | 694 sqft | AED 1.15MAED 1,150,000 · Jan 2024January 2024 | ||
| 5603 | 1-bed | 942 sqft | AED 1.57MAED 1,571,740 · Mar 2022March 2022 | 82,000 /yr | |
| 5604 | 3-bed | 1,710 sqft | AED 3.57MAED 3,573,000 · Nov 2017November 2017 | 145,000 /yr | |
| 5605 | 1-bed | 1,055 sqft | AED 2.32MAED 2,315,000 · Nov 2017November 2017 | 75,000 /yr | |
| 5606 | 2-bed | 1,490 sqft | AED 3.27MAED 3,269,000 · Sep 2017September 2017 | 150,000 /yr |
5601, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers
- Sold twice: first on 1 April 2021 for AED 2,908,000, last on 31 October 2022 for AED 2,800,000 (AED 1,427 per sqft).
- Rented since January 2023 on 3 Ejari contracts, from AED 245,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 56,300 a year (AED 28.70 per sqft).
- Three-beds in DAMAC Royale (Damac Towers) by Paramount Tower B sold for AED 2,200,000–2,550,000 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 10 July 2026.
Questions about 5601, DAMAC Royale (Damac Towers) by Paramount Tower B
What did unit 5601 last sell for?
AED 2,800,000 on 31 October 2022: AED 1,427 per sqft for 1,962 sqft. The unit has 2 registered sales; the first was AED 2,908,000 in April 2021.
What is the rent for unit 5601?
AED 150,000 a year on the contract signed on 10 July 2026. The previous contract, from May 2024, was AED 240,000; the unit has been rented since January 2023.
How big is unit 5601?
1,962 sqft (182.3 sqm): a three-bedroom apartment on the 56th floor of a 69-storey tower completed in 2018.
What is unit 5601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in DAMAC Royale (Damac Towers) by Paramount Tower B sold for AED 2,200,000 to 2,550,000 in the last 12 months, around AED 1,403 per sqft.
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Mortgage on 5601, DAMAC Royale (Damac Towers) by Paramount Tower B
Starts from the last sale price (AED 2.8M, 31 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →