5701, DAMAC Royale (Damac Towers) by Paramount Tower B
Sold prices and rental history: sold twice, last in June 2024, 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 5701, DAMAC Royale (Damac Towers) by Paramount Tower B
What is 5701 worth today?
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Source: Dubai Land Department. Updated 19 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,968 sqft
- Floor
- 57th of 69
- Parking
- P5-252 & P5-253
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 56,500 /yr
- Last sold
- AED 3.3M · June 2024
About 5701, DAMAC Royale (Damac Towers) by Paramount Tower B
5701 is a three-bedroom apartment of 1,968 sqft on the 57th 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 19 June 2024 for AED 3,300,000, or AED 1,676 per sqft, in line with the AED 1,634 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 28 October 2022, is AED 140,000 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 56,500 a year.
Sales and rents for 5701 over time
5701 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 5701 sits
All 80 3-beds →5701 last sold in June 2024 at AED 1,676 per sqft, in line with what three-beds in DAMAC Royale (Damac Towers) by Paramount Tower B were fetching at the time (AED 1,634). 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. 5701's AED 140,000 is at the bottom 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 57th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower B| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5702 | 2-bed | 1,388 sqft | AED 3.21MAED 3,214,134 · Sep 2018September 2018 | 110,000 /yr | |
| 5703 | 1-bed | 942 sqft | AED 1.6MAED 1,600,000 · Jun 2025June 2025 | 104,000 /yr | |
| 5704 | 3-bed | 1,744 sqft | AED 2.5MAED 2,500,000 · Jun 2026June 2026 | 169,529 /yr | |
| 5705 | 1-bed | 1,055 sqft | AED 1.25MAED 1,250,000 · Mar 2026March 2026 | 120,000 /yr | |
| 5706 | 2-bed | 1,517 sqft | AED 1.88MAED 1,880,000 · Jan 2021January 2021 | 140,000 /yr |
5701, DAMAC Royale (Damac Towers) by Paramount Tower B in numbers
- Sold twice: first on 10 September 2018 for AED 4,083,156, last on 19 June 2024 for AED 3,300,000 (AED 1,676 per sqft).
- Rented since April 2019 on 4 Ejari contracts, from AED 170,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 56,500 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 19 June 2024.
Questions about 5701, DAMAC Royale (Damac Towers) by Paramount Tower B
What did unit 5701 last sell for?
AED 3,300,000 on 19 June 2024: AED 1,676 per sqft for 1,968 sqft. The unit has 2 registered sales; the first was AED 4,083,156 in September 2018.
What is the rent for unit 5701?
AED 140,000 a year on the contract renewed on 28 October 2022. The previous contract, from October 2021, was AED 130,000; the unit has been rented since April 2019.
How big is unit 5701?
1,968 sqft (182.8 sqm): a three-bedroom apartment on the 57th floor of a 69-storey tower completed in 2018.
What is unit 5701 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 5701, DAMAC Royale (Damac Towers) by Paramount Tower B
Starts from the last sale price (AED 3.3M, 19 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,300,000
- Deposit, UAE resident (20%)
- AED 660,000
- Deposit, non-resident (40%)
- AED 1,320,000
- Monthly over 25 years at 3.7%
- AED 13,501
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →