1203, DAMAC Royale (Damac Towers) by Paramount Tower D
Sold prices and rental history: sold once, by the developer in May 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 1203, DAMAC Royale (Damac Towers) by Paramount Tower D
What is 1203 worth today?
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Source: Dubai Land Department. Updated 20 March 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 929 sqft
- Floor
- 12th of 69
- Parking
- P3-35
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 26,500 /yr
- Last sold
- AED 1.98M · May 2013
About 1203, DAMAC Royale (Damac Towers) by Paramount Tower D
1203 is a one-bedroom hotel apartment of 929 sqft on the 12th floor of DAMAC Royale (Damac Towers) by Paramount Tower D, a 69-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 19 May 2013 for AED 1,976,000, or AED 2,127 per sqft, in line with the AED 2,127 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 20 March 2024, is AED 120,000 a year: a gross yield of 6.1% on the 2013 price, before the service charge of about AED 26,500 a year.
Sales and rents for 1203 over time
1203 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 D, and where 1203 sits
All 199 1-beds →1203 last sold in May 2013 at AED 2,127 per sqft, in line with what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower D were fetching at the time (AED 2,127). Over the last 12 months one-beds sold for AED 1,188,674 to 2,009,000, around AED 1,388 per sqft, and rent for AED 75,000 to 190,000 a year. 1203's AED 120,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 929 sqft | 1,878,720 | 2,022 | ||
| 23 Oct 202623 October 2026 | 929 sqft | 1,188,674 | 1,279 | ||
| 22 Oct 202622 October 2026 | 929 sqft | 1,360,000 | 1,464 | ||
| 9 Oct 20269 October 2026 | 929 sqft | 1,225,000 | 1,318 |
DAMAC Royale (Damac Towers) by Paramount Tower D
Building399 apartments, 1-bed to 3-bed over 69 floors in Business Bay, completed in 2018 by DAMAC. 43 sold in the last 12 months.
- Typical price per sqft
- AED 1,331 Down 7.1%
- Typical sale
- AED 1.53M
- Typical rent
- AED 120K /yr
- Typical yield
- 7.2%
Other units on the 12th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower D| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,484 sqft | AED 2MAED 2,000,000 · Feb 2025February 2025 | 120,000 /yr | |
| 1202 | 1-bed | 965 sqft | AED 950KAED 950,000 · Feb 2022February 2022 | 60,000 /yr | |
| 1204 | 1-bed | 939 sqft | AED 1.2MAED 1,200,000 · Jan 2024January 2024 | 66,000 /yr | |
| 1205 | 3-bed | 1,747 sqft | AED 3.55MAED 3,545,100 · May 2013May 2013 | 170,000 /yr | |
| 1206 | 1-bed | 1,055 sqft | AED 2.22MAED 2,224,000 · Apr 2013April 2013 | 120,000 /yr | |
| 1207 | 2-bed | 1,515 sqft | AED 3.09MAED 3,094,650 · May 2013May 2013 |
1203, DAMAC Royale (Damac Towers) by Paramount Tower D in numbers
- Sold once: by DAMAC on 19 May 2013 for AED 1,976,000, or AED 2,127 per sqft.
- Rented since September 2019 on 4 Ejari contracts, from AED 70,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2013 price is 6.1%, before a service charge of about AED 26,500 a year (AED 28.56 per sqft).
- One-beds in DAMAC Royale (Damac Towers) by Paramount Tower D sold for AED 1,188,674–2,009,000 in the 12 months to November 2026; the building's median across all types is AED 1,331 per sqft.
Source: Dubai Land Department. Updated 20 March 2024.
Questions about 1203, DAMAC Royale (Damac Towers) by Paramount Tower D
What did unit 1203 last sell for?
AED 1,976,000 on 19 May 2013, sold by the developer: AED 2,127 per sqft for 929 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 120,000 a year on the contract signed on 20 March 2024. The previous contract, from September 2021, was AED 70,000; the unit has been rented since September 2019.
How big is unit 1203?
929 sqft (86.3 sqm): a one-bedroom hotel apartment on the 12th floor of a 69-storey tower completed in 2018.
What is unit 1203 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 D sold for AED 1,188,674 to 2,009,000 in the last 12 months, around AED 1,388 per sqft.
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Mortgage on 1203, DAMAC Royale (Damac Towers) by Paramount Tower D
Starts from the last sale price (AED 1.98M, 19 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,976,000
- Deposit, UAE resident (20%)
- AED 395,200
- Deposit, non-resident (40%)
- AED 790,400
- Monthly over 25 years at 3.7%
- AED 8,084
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →