ReadyReady building · DAMAC
Damac Towers By Paramount B, Business Bay
Highlights
Damac Towers By Paramount B at a glance
About Damac Towers By Paramount B
Damac Towers By Paramount B is a residential building in Business Bay, Dubai, developed by DAMAC. It holds about 399 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments. Depending on the unit, windows look out over Main.
The building was completed in 2018 and has been in use for about 8 years. 34 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,347 per sq ft.
Damac Towers By Paramount B is one of 257 buildings in Business Bay: 149 are complete and 61 are still being built.
In a nutshell
- A residential ready building
- Located in Business Bay, Dubai
- Developed by DAMAC
- Completed in Q4 2018
- Unit types: 1 Bed, 2 Beds, 3 Beds
- Sizes from 920 to 2,250 sq ft
- Views: Main view
- Features: Gated Community, Seafront, Shared Spa
- Service charge from AED 30.68 per sq ft
- Burj Khalifa/Dubai Mall metro station 2.8 km away
- Status
- Ready
- Developer
- DAMAC
- Location
- Business Bay, Dubai
- Completed
- Q4 2018
- Unit types
- 1 Bed, 2 Beds, 3 Beds
- Prices from
- AED 1.1M
- Median price per sq ft
- AED 1,347
- Median gross yield
- 7.4%
- Service charge
- AED 30.68 per sq ft (2026)
- Nearest metro
- District 1 near High Speed Rail line, 1.4 km
Photos of Damac Towers By Paramount B
Building details
Inside Damac Towers By Paramount B
Facilities in Damac Towers By Paramount B
Damac Towers By Paramount B lists 3 features and facilities for its residents.
- Gated Community
- Seafront
- Shared Spa
Properties in Damac Towers By Paramount B
1-bedroom apartments in Damac Towers By Paramount B
There are about 199 of these in Damac Towers By Paramount B, from 920 to 1,460 sq ft. They have recently sold for a median of AED 1.4M, or AED 1,460 per sq ft. Owners who resold made a median 20% over what they paid.
2-bedroom apartments in Damac Towers By Paramount B
There are about 120 of these in Damac Towers By Paramount B, from 1,390 to 2,080 sq ft. They have recently sold for a median of AED 2.0M, or AED 1,320 per sq ft.
3-bedroom apartments in Damac Towers By Paramount B
There are about 80 of these in Damac Towers By Paramount B, from 1,740 to 2,250 sq ft. They have recently sold for a median of AED 2.5M, or AED 1,400 per sq ft.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| 1 Bed | 199 | 920 sqft85.5 sqmt – 1,460 sqft135.6 sqmt | AED 1.4M | AED 90K |
| 2 Beds | 120 | 1,390 sqft129.1 sqmt – 2,080 sqft193.2 sqmt | AED 2M | AED 150K |
| 3 Beds | 80 | 1,740 sqft161.7 sqmt – 2,250 sqft209 sqmt | AED 2.5M | AED 194.3K |
Sale trends in Damac Towers By Paramount B
Median sale price
AED 2M
Median per sq ft
AED 1,347
Median gross yield
7.4%
Price ranges from the most recent registered sales, by unit type:
- 2-bedroom apartments: AED 1.7M to AED 2.2M (1,388 to 1,697 sq ft), across 9 sales
- 1-bedroom apartments: AED 1.3M to AED 2.1M (929 to 1,055 sq ft), across 6 sales
- 3-bedroom apartments: AED 2.2M to AED 2.5M (1,744 to 1,747 sq ft), across 5 sales
Rental trends in Damac Towers By Paramount B
2-bedroom homes in Damac Towers By Paramount B were let for AED 132.5K to AED 175.0K a year across 9 recent contracts, with a median of AED 150.0K.
Yearly rents from recent registered contracts, by unit type:
- 2-bedroom apartments: AED 132.5K to AED 175.0K a year (1,388 to 1,517 sq ft), across 9 contracts
- 1-bedroom apartments: AED 90.0K to AED 96.0K a year (929 to 1,041 sq ft), across 3 contracts
- 3-bedroom apartments: AED 194.3K a year (1,747 sq ft)
Recent transactions in Damac Towers By Paramount B
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,550,000AED 1,469 /sqftAED 15,812 /sqmt | 1,055 sqft98 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,175,000AED 1,546 /sqftAED 16,641 /sqmt | 1,407 sqft130.7 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,400,000AED 1,374 /sqftAED 14,790 /sqmt | 1,747 sqft162.3 sqmt3 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,374,222AED 1,303 /sqftAED 14,025 /sqmt | 1,055 sqft98 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,827,156AED 1,316 /sqftAED 14,165 /sqmt | 1,388 sqft128.9 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,300,000AED 1,317 /sqftAED 14,176 /sqmt | 1,747 sqft162.3 sqmt3 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,200,000AED 1,259 /sqftAED 13,552 /sqmt | 1,747 sqft162.3 sqmt3 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,500,000AED 1,433 /sqftAED 15,425 /sqmt | 1,744 sqft162 sqmt3 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,650,000AED 1,184 /sqftAED 12,744 /sqmt | 1,394 sqft129.5 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,700,000AED 1,220 /sqftAED 13,132 /sqmt | 1,394 sqft129.5 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,000,000AED 1,435 /sqftAED 15,446 /sqmt | 1,394 sqft129.5 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,070,000AED 2,228 /sqftAED 23,982 /sqmt | 929 sqft86.3 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,400,000AED 1,507 /sqftAED 16,221 /sqmt | 929 sqft86.3 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,500,000AED 1,433 /sqftAED 15,425 /sqmt | 1,744 sqft162 sqmt3 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,825,000AED 1,273 /sqftAED 13,702 /sqmt | 1,434 sqft133.2 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,450,000AED 1,561 /sqftAED 16,802 /sqmt | 929 sqft86.3 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,000,000AED 1,320 /sqftAED 14,208 /sqmt | 1,515 sqft140.7 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 2,057,317AED 1,212 /sqftAED 13,046 /sqmt | 1,697 sqft157.7 sqmt2 Beds | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,250,000AED 1,306 /sqftAED 14,058 /sqmt | 957 sqft88.9 sqmt1 Bed | Owner |
| Damac Towers By Paramount Tower B, Business BayReadyApartment | AED 1,994,491AED 1,437 /sqftAED 15,468 /sqmt | 1,388 sqft128.9 sqmt2 Beds | Owner |
Damac Towers By Paramount Tower B
Business Bay
AED 1.6M
AED 1,469 /sqftAED 15,812 /sqmt
ReadyApartment1,055 sqft98 sqmt1 BedOwner3 Nov 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.2M
AED 1,546 /sqftAED 16,641 /sqmt
ReadyApartment1,407 sqft130.7 sqmt2 BedsOwner3 Nov 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.4M
AED 1,374 /sqftAED 14,790 /sqmt
ReadyApartment1,747 sqft162.3 sqmt3 BedsOwner15 Oct 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.4M
AED 1,303 /sqftAED 14,025 /sqmt
ReadyApartment1,055 sqft98 sqmt1 BedOwner7 Oct 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.8M
AED 1,316 /sqftAED 14,165 /sqmt
ReadyApartment1,388 sqft128.9 sqmt2 BedsOwner23 Sept 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.3M
AED 1,317 /sqftAED 14,176 /sqmt
ReadyApartment1,747 sqft162.3 sqmt3 BedsOwner17 Sept 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.2M
AED 1,259 /sqftAED 13,552 /sqmt
ReadyApartment1,747 sqft162.3 sqmt3 BedsOwner15 Sept 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.5M
AED 1,433 /sqftAED 15,425 /sqmt
ReadyApartment1,744 sqft162 sqmt3 BedsOwner11 Sept 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.7M
AED 1,184 /sqftAED 12,744 /sqmt
ReadyApartment1,394 sqft129.5 sqmt2 BedsOwner31 Aug 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.7M
AED 1,220 /sqftAED 13,132 /sqmt
ReadyApartment1,394 sqft129.5 sqmt2 BedsOwner4 Aug 2026Damac Towers By Paramount Tower B
Business Bay
AED 2M
AED 1,435 /sqftAED 15,446 /sqmt
ReadyApartment1,394 sqft129.5 sqmt2 BedsOwner3 Aug 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.1M
AED 2,228 /sqftAED 23,982 /sqmt
ReadyApartment929 sqft86.3 sqmt1 BedOwner8 Jul 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.4M
AED 1,507 /sqftAED 16,221 /sqmt
ReadyApartment929 sqft86.3 sqmt1 BedOwner6 Jul 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.5M
AED 1,433 /sqftAED 15,425 /sqmt
ReadyApartment1,744 sqft162 sqmt3 BedsOwner26 Jun 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.8M
AED 1,273 /sqftAED 13,702 /sqmt
ReadyApartment1,434 sqft133.2 sqmt2 BedsOwner19 Jun 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.5M
AED 1,561 /sqftAED 16,802 /sqmt
ReadyApartment929 sqft86.3 sqmt1 BedOwner18 Jun 2026Damac Towers By Paramount Tower B
Business Bay
AED 2M
AED 1,320 /sqftAED 14,208 /sqmt
ReadyApartment1,515 sqft140.7 sqmt2 BedsOwner11 Jun 2026Damac Towers By Paramount Tower B
Business Bay
AED 2.1M
AED 1,212 /sqftAED 13,046 /sqmt
ReadyApartment1,697 sqft157.7 sqmt2 BedsOwner2 Jun 2026Damac Towers By Paramount Tower B
Business Bay
AED 1.3M
AED 1,306 /sqftAED 14,058 /sqmt
ReadyApartment957 sqft88.9 sqmt1 BedOwner21 May 2026Damac Towers By Paramount Tower B
Business Bay
AED 2M
AED 1,437 /sqftAED 15,468 /sqmt
ReadyApartment1,388 sqft128.9 sqmt2 BedsOwner8 May 2026
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 90,000 | 1,041 sqft96.7 sqmt1 Bed | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 150,000 | 1,388 sqft128.9 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 175,000 | 1,388 sqft128.9 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentRenewal | AED 45,000 | 929 sqft86.3 sqmt1 Bed | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 150,000 | 1,394 sqft129.5 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 150,000 | 1,515 sqft140.7 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 136,000 | 1,515 sqft140.7 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 132,500 | 1,394 sqft129.5 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 96,000 | 946 sqft87.9 sqmt1 Bed | to |
| Damac Towers By Paramount Tower B, Business BayApartmentRenewal | AED 67,500 | 1,394 sqft129.5 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 135,000 | 1,515 sqft140.7 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 140,000 | 1,517 sqft140.9 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 150,000 | 1,517 sqft140.9 sqmt2 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 194,250 | 1,747 sqft162.3 sqmt3 Beds | to |
| Damac Towers By Paramount Tower B, Business BayApartmentNew contract | AED 90,000 | 929 sqft86.3 sqmt1 Bed | to |
Damac Towers By Paramount Tower B
Business Bay
AED 90K/yr
ApartmentNew contract1,041 sqft96.7 sqmt1 BedtoDamac Towers By Paramount Tower B
Business Bay
AED 150K/yr
ApartmentNew contract1,388 sqft128.9 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 175K/yr
ApartmentNew contract1,388 sqft128.9 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 45K/yr
ApartmentRenewal929 sqft86.3 sqmt1 BedtoDamac Towers By Paramount Tower B
Business Bay
AED 150K/yr
ApartmentNew contract1,394 sqft129.5 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 150K/yr
ApartmentNew contract1,515 sqft140.7 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 136K/yr
ApartmentNew contract1,515 sqft140.7 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 132.5K/yr
ApartmentNew contract1,394 sqft129.5 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 96K/yr
ApartmentNew contract946 sqft87.9 sqmt1 BedtoDamac Towers By Paramount Tower B
Business Bay
AED 67.5K/yr
ApartmentRenewal1,394 sqft129.5 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 135K/yr
ApartmentNew contract1,515 sqft140.7 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 140K/yr
ApartmentNew contract1,517 sqft140.9 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 150K/yr
ApartmentNew contract1,517 sqft140.9 sqmt2 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 194.3K/yr
ApartmentNew contract1,747 sqft162.3 sqmt3 BedstoDamac Towers By Paramount Tower B
Business Bay
AED 90K/yr
ApartmentNew contract929 sqft86.3 sqmt1 Bedto
Every sale in Damac Towers By Paramount BEvery rent contract in Damac Towers By Paramount B
Service charges in Damac Towers By Paramount B
The 2026 service charge in Damac Towers By Paramount B is AED 30.68 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department. Each parking space adds about AED 2,121 a year.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 1 Bed Apartment (2026) | AED 30.68 | 920 sqft85.5 sqmt – 1,460 sqft135.6 sqmt | AED 28,226 – AED 44,793 |
| 2 Beds Apartment (2026) | AED 30.68 | 1,390 sqft129.1 sqmt – 2,080 sqft193.2 sqmt | AED 42,645 – AED 63,814 |
| 3 Beds Apartment (2026) | AED 30.68 | 1,740 sqft161.7 sqmt – 2,250 sqft209 sqmt | AED 53,383 – AED 69,030 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around Damac Towers By Paramount B
Transportation near Damac Towers By Paramount B
The nearest Dubai Metro station from Damac Towers By Paramount B is Burj Khalifa/Dubai Mall (red line, 2.8 km, about 8 min drive), then Business Bay (red line, 3.2 km, about 8 min drive). Stations planned on new lines nearby include District 1 near High Speed Rail line (golden line, 1.4 km, about 5 min drive) and Burj Khalifa Road (golden line, 2.1 km, about 6 min drive). Most residents will drive or take a taxi to the metro.
- District 1 near High Speed Rail lineGolden line · 1.4 km · about 5 min drive
- Burj Khalifa RoadGolden line · 2.1 km · about 6 min drive
- District 1Golden line · 2.7 km · about 7 min drive
- Burj Khalifa/Dubai MallRed line · 2.8 km · about 8 min drive
- Business Bay InterchangeGolden line · 3.2 km · about 8 min drive
- Business BayRed line · 3.2 km · about 8 min drive
Shopping and groceries near Damac Towers By Paramount B
The closest is Spinneys / south bridge downtowne Dubai, 1.5 km from Damac Towers By Paramount B (about 5 min drive).
- Spinneys / south bridge downtowne DubaiSupermarket · 1.5 km · about 5 min drive
- Dubai MallShopping Mall · 1.8 km · about 6 min drive
- Spinneys / EMAAR Boulevard, Downtown DubaiSupermarket · 2 km · about 6 min drive
- Al Maya / 8 Boulevard Walk, Downtown DubaiSupermarket · 2.2 km · about 6 min drive
- Al Maya / Murooj Rotana, Murooj ComplexSupermarket · 2.4 km · about 7 min drive
Restaurants and hotels near Damac Towers By Paramount B
The closest is Radisson Blu Hotel, Dubai Downtown, 1 km from Damac Towers By Paramount B (about 12 min walk).
- Radisson Blu Hotel, Dubai DowntownHotel · 1 km · about 12 min walk
- Al Manzil HotelHotel · 1.6 km · about 5 min drive
- The Address HotelHotel · 1.6 km · about 5 min drive
- Vida Hotels and ResortsHotel · 1.8 km · about 6 min drive
- Qamardeen HotelHotel · 2 km · about 6 min drive
Hospitals and clinics near Damac Towers By Paramount B
The closest is Al Amal Hospital, 3.9 km from Damac Towers By Paramount B (about 10 min drive).
- Al Amal HospitalHospital · 3.9 km · about 10 min drive
- Medcare HospitalHospital · 5 km · about 12 min drive
- Internationl Medical CenterHospital · 5.4 km · about 13 min drive
- Iranian HospitalHospital · 5.5 km · about 13 min drive
- Manchester ClinicHospital · 5.6 km · about 13 min drive
Parks and leisure near Damac Towers By Paramount B
The closest is Al Quoz Pond Park, 3.4 km from Damac Towers By Paramount B (about 9 min drive).
- Al Quoz Pond ParkPark · 3.4 km · about 9 min drive
- Meydan Grandstand and RacecourseStadium · 3.4 km · about 9 min drive
- Meydan TheatreTheatre House · 3.4 km · about 9 min drive
- Falcon Heritage and Sports CentreSports Academy · 3.7 km · about 9 min drive
- Falcon Centre and Cultural SportsSports Academy · 3.7 km · about 9 min drive
Schools near Damac Towers By Paramount B
The nearest is Hartland International School - FZ, 1.7 km away. Ratings are the KHDA's latest inspection grades.
- Hartland International School - FZUK - International Baccalaureate - UK/IB · KHDA: Very good · 1.7 km
- North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate · KHDA: Very good · 1.7 km
- Jebel Ali School (Br of Taaleem Management (L L C))UK · KHDA: Very good · 2.7 km
- Dubai International Private School - BrAmerican · KHDA: Good · 3.5 km
- GEMS Our Own Indian SchoolIndian · KHDA: Very good · 3.5 km
- Global Indian International School L.L.CIndian · KHDA: Good · 3.6 km
Other buildings in Business Bay
Business Bay has 257 buildings. A few others to compare Damac Towers By Paramount B with:
- Ready
Ready- Ready
ReadyOff-plan
Ready
Things to consider about Damac Towers By Paramount B
In its favour
- An active resale market: 34 sales in the last year make it easier to price and to sell.
- Owners who resold have made money: a median gain of up to 20%.
- A median gross yield of 7.4% on recent sales.
- Ready to move into or let, with no construction risk.
- Several schools within 3 km.
Worth checking
- Service charges of up to AED 30.68 per sq ft are on the higher side for Dubai.
- The nearest running metro station is 2.8 km away, so a car helps.
Specialists
Brokers who know Damac Towers By Paramount B
These brokers handle sales and lettings in Damac Towers By Paramount B and can tell you what is available now.
Aslan Mammadov
Property Advisor
Khalid Abdul-Hadi
Senior Property Advisor
Enamul Haque
Property Advisor
Shiela Marie Duran
Property Advisor
Nathalie Donfack Tsueti
Property Advisor
Hemam Mansour
Senior Property Advisor
Eugene Mbom Mbom
Property Advisor
Bhavya Agarwal
Property Advisor
FAQs
Damac Towers By Paramount B: questions answered
Buying, selling or renting in Damac Towers By Paramount B?
A broker who works Business Bay will tell you what is available and what comparable homes went for.