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DAMAC TOWERS BY PARAMOUNT

Project

DAMAC STAR PROPERTIES (L L C)

Project typeBuildings

Master developerالخليج التجاري (ش.ذ.م.م)

Escrow agentمصرف ابوظبى الاسلامى

StatusFinished

Completed100%

Start2008-03-27

Handover2018-10-23

Buildings5

Office2

Shop19

The project is consisting of 3 towers of Deluxe serviced apartments and 1 Tower consisting of a 5 Stars Hotel , with a common podium in Dubai Business Bay. The buildings configuration is 2B+G+8P+61+R and is designed to have a concrete structure and block with internal and external finishes.

Buildings

DAMAC TOWERS BY PARAMOUNT 1

Floors62

Apartments8

Parking1,696

DAMAC TOWERS BY PARAMOUNT 2

Floors62

Parking1,696

DAMAC TOWERS BY PARAMOUNT 3

Floors62

Shop2

Parking1,696

DAMAC TOWERS BY PARAMOUNT 4

Floors62

Parking1,696

DAMAC TOWERS BY PARAMOUNT 5

Floors2

Office2

Shop17

Parking1,696

Apartments

1 B/R488

2 B/R302

3 B/R191

4 B/R1

Hotel Rooms824

Hotel Apartment214

Shop

Shop19

Office

Office2

Official sales

Sales from 2008–2026

Number of sale deals2,759

Apartment2,757

Median sale price1,906,800 AED

Median price per sqft2,107 AED

Studio813

Median sale price1,287,936 AED

Median price per sqft2,550 AED

1 B/R1,062

Median sale price1,972,740 AED

Median price per sqft1,981 AED

2 B/R532

Median sale price2,719,621 AED

Median price per sqft1,806 AED

3 B/R349

Median sale price3,503,900 AED

Median price per sqft1,875 AED

4 B/R1

Median sale price5,349,550 AED

Median price per sqft1,910 AED

Land1

Median sale price53,500,000 AED

Median price per sqft1,701 AED

Shop1

Median sale price14,925,390 AED

Median price per sqft2,910 AED

Official rent

Rent from 2018–2026

Number of rent contracts4,424

Apartment3,397

1 bedroom1,925

Median year rent85,233 AED

2 bedrooms852

Median year rent139,050 AED

3 bedrooms620

Median year rent170,000 AED

Hotel980

Shop38

Portacabin6

2 bedrooms6

Median year rent138,375 AED

Office3