Home›Projects›DAMAC TOWERS BY PARAMOUNT

DAMAC TOWERS BY PARAMOUNT

by DAMAC STAR PROPERTIES (L L C)·BUSINESS BAYResidentialFreeholdOff-plan Heavy

Development & Handover Profile

✓ Handover Complete

Construction Progress100.0%

Project Start

Mar 27, 2008

Expected Handover

Oct 23, 2018

Official Status

FINISHED

Total Units

2,041

Avg Unit Size

1030 sqft

Freehold Ratio

100%

Escrow Agent

Abu Dhabi Islamic Bank

Median Price

AED 1.95M

PSF

AED 2,122/sqft

Sales 12M

vs Area

+40.1%

Asset Turnover

ⓘ

2.2%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

2,041

Avg Unit Size

1030 sqft

2BR

17.6%

1BR

33.9%

Retail

0.9%

4BR+

0.0%

Office

0.1%

Studio

35.7%

3BR

11.7%

Room Configuration

Unit Type	Count	Share
Studio	729	35.7%
1BR	691	33.9%
2BR	360	17.6%
3BR	239	11.7%
Retail	19	0.9%
Office	2	0.1%
4BR+	1	0.0%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
Studio	36.1% 729 units	15.2% 23 sold	0.42	⚠️ LOW DEMAND
1BR	34.2% 691 units	47.7% 72 sold	1.39	🔥 HIGH DEMAND
2BR	17.8% 360 units	21.2% 32 sold	1.19	✓ BALANCED
3BR	11.8% 239 units	15.2% 23 sold	1.29	🔥 HIGH DEMAND
Office	0.1% 2 units	0.0% 0 sold	—	⚠️ STAGNANT
4BR+	0.0% 1 units	0.7% 1 sold	—	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
9 Oct 2026	BUSINESS BAY	1BR	AED 1.23M	AED 1,319/sqft	Ready	Freehold
7 Oct 2026	BUSINESS BAY	1BR	AED 1.37M	AED 1,302/sqft	Ready	Freehold
6 Oct 2026	BUSINESS BAY	Studio	AED 765K	AED 1,693/sqft	Ready	Freehold
1 Oct 2026	BUSINESS BAY	Studio	AED 751K	AED 1,577/sqft	Ready	Freehold
30 Sep 2026	BUSINESS BAY	1BR	AED 1.36M	AED 1,309/sqft	Ready	Freehold
30 Sep 2026	BUSINESS BAY	Studio	AED 900K	AED 1,852/sqft	Ready	Freehold
30 Sep 2026	BUSINESS BAY	Studio	AED 1.59M	AED 2,490/sqft	Ready	Freehold
29 Sep 2026	BUSINESS BAY	2BR	AED 2.68M	AED 1,934/sqft	Ready	Freehold
28 Sep 2026 Published 29 Sep 2026	BUSINESS BAY	2BR	AED 2.96M	AED 1,952/sqft	Ready	Freehold
23 Sep 2026	BUSINESS BAY	2BR	AED 1.83M	AED 1,317/sqft	Ready	Freehold
23 Sep 2026	BUSINESS BAY	3BR	AED 2.30M	AED 1,319/sqft	Ready	Freehold
21 Sep 2026	BUSINESS BAY	2BR	AED 1.75M	AED 1,255/sqft	Ready	Freehold
17 Sep 2026 Published 18 Sep 2026	BUSINESS BAY	3BR	AED 2.30M	AED 1,317/sqft	Ready	Freehold
16 Sep 2026	BUSINESS BAY	1BR	AED 1.35M	AED 1,279/sqft	Ready	Freehold
15 Sep 2026 Published 16 Sep 2026	BUSINESS BAY	3BR	AED 2.20M	AED 1,259/sqft	Ready	Freehold
11 Sep 2026	BUSINESS BAY	3BR	AED 2.50M	AED 1,434/sqft	Ready	Freehold
9 Sep 2026	BUSINESS BAY	3BR	AED 3.04M	AED 1,522/sqft	Ready	Freehold
8 Sep 2026	BUSINESS BAY	3BR	AED 2.60M	AED 1,489/sqft	Ready	Freehold
4 Sep 2026 Published 7 Sep 2026	BUSINESS BAY	2BR	AED 2.00M	AED 1,441/sqft	Ready	Freehold
2 Sep 2026 Published 3 Sep 2026	BUSINESS BAY	1BR	AED 1.49M	AED 1,412/sqft	Ready	Freehold
31 Aug 2026 Published 1 Sep 2026	BUSINESS BAY	2BR	AED 1.65M	AED 1,184/sqft	Ready	Freehold
31 Aug 2026	BUSINESS BAY	Studio	AED 733K	AED 1,621/sqft	Ready	Freehold
29 Aug 2026 Published 31 Aug 2026	BUSINESS BAY	1BR	AED 1.50M	AED 1,587/sqft	Ready	Freehold
24 Aug 2026 Published 25 Aug 2026	BUSINESS BAY	1BR	AED 1.30M	AED 1,376/sqft	Ready	Freehold
20 Aug 2026 Published 21 Aug 2026	BUSINESS BAY	Studio	AED 810K	AED 1,701/sqft	Ready	Freehold
17 Aug 2026	BUSINESS BAY	1BR	AED 1.52M	AED 1,460/sqft	Ready	Freehold
17 Aug 2026	BUSINESS BAY	1BR	AED 1.53M	AED 1,224/sqft	Ready	Freehold
13 Aug 2026	BUSINESS BAY	1BR	AED 1.20M	AED 1,243/sqft	Ready	Freehold
12 Aug 2026 Published 13 Aug 2026	BUSINESS BAY	Studio	AED 809K	AED 1,710/sqft	Ready	Freehold
7 Aug 2026 Published 10 Aug 2026	BUSINESS BAY	Studio	AED 750K	AED 1,662/sqft	Ready	Freehold