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

+40.4%

Asset Turnover

ⓘ

3.1%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

2,041

Avg Unit Size

1030 sqft

1BR

33.9%

2BR

17.6%

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	14.5% 21 sold	0.40	⚠️ LOW DEMAND
1BR	34.2% 691 units	51.7% 75 sold	1.51	🔥 HIGH DEMAND
2BR	17.8% 360 units	20.7% 30 sold	1.16	✓ BALANCED
3BR	11.8% 239 units	12.4% 18 sold	1.05	✓ BALANCED
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
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
4 Aug 2026	BUSINESS BAY	2BR	AED 1.70M	AED 1,219/sqft	Ready	Freehold
3 Aug 2026	BUSINESS BAY	2BR	AED 2.00M	AED 1,435/sqft	Ready	Freehold
24 Jul 2026	BUSINESS BAY	2BR	AED 1.80M	AED 1,297/sqft	Ready	Freehold
21 Jul 2026 Published 22 Jul 2026	BUSINESS BAY	1BR	AED 1.63M	AED 1,544/sqft	Ready	Freehold
14 Jul 2026	BUSINESS BAY	1BR	AED 1.23M	AED 1,310/sqft	Ready	Freehold
13 Jul 2026 Published 14 Jul 2026	BUSINESS BAY	2BR	AED 1.92M	AED 1,301/sqft	Ready	Freehold
9 Jul 2026	BUSINESS BAY	3BR	AED 2.20M	AED 1,259/sqft	Ready	Freehold
9 Jul 2026	BUSINESS BAY	2BR	AED 1.68M	AED 1,109/sqft	Ready	Freehold
8 Jul 2026 Published 9 Jul 2026	BUSINESS BAY	1BR	AED 2.07M	AED 2,228/sqft	Ready	Freehold
7 Jul 2026	BUSINESS BAY	3BR	AED 2.05M	AED 1,174/sqft	Ready	Freehold
6 Jul 2026	BUSINESS BAY	2BR	AED 1.85M	AED 1,212/sqft	Ready	Freehold
6 Jul 2026	BUSINESS BAY	1BR	AED 1.40M	AED 1,507/sqft	Ready	Freehold
2 Jul 2026 Published 3 Jul 2026	BUSINESS BAY	3BR	AED 2.77M	AED 1,587/sqft	Ready	Freehold
26 Jun 2026	BUSINESS BAY	3BR	AED 2.50M	AED 1,434/sqft	Ready	Freehold
19 Jun 2026	BUSINESS BAY	2BR	AED 1.82M	AED 1,272/sqft	Ready	Freehold
18 Jun 2026	BUSINESS BAY	1BR	AED 1.45M	AED 1,561/sqft	Ready	Freehold
11 Jun 2026	BUSINESS BAY	2BR	AED 2.00M	AED 1,320/sqft	Ready	Freehold
11 Jun 2026 Published 12 Jun 2026	BUSINESS BAY	2BR	AED 2.14M	AED 1,410/sqft	Ready	Freehold
10 Jun 2026	BUSINESS BAY	1BR	AED 1.42M	AED 1,508/sqft	Ready	Freehold
9 Jun 2026	BUSINESS BAY	2BR	AED 1.75M	AED 1,168/sqft	Ready	Freehold
9 Jun 2026	BUSINESS BAY	1BR	AED 1.47M	AED 1,393/sqft	Ready	Freehold
5 Jun 2026 Published 8 Jun 2026	BUSINESS BAY	1BR	AED 1.38M	AED 1,471/sqft	Ready	Freehold
5 Jun 2026 Published 8 Jun 2026	BUSINESS BAY	1BR	AED 1.10M	AED 1,165/sqft	Ready	Freehold
4 Jun 2026 Published 5 Jun 2026	BUSINESS BAY	3BR	AED 2.60M	AED 1,489/sqft	Ready	Freehold