Unit 5002, DAMAC Towers by Paramount, Tower B: what it sold for and what it is worth now

Unit 5002 at DAMAC Towers by Paramount, Tower B is a 2 bed of 1,388 sq ft. It last sold for AED 2,157,000 on 9 Sep 2024. At AED 1,451 per sq ft, from 13 sales of units ending 02 (same position in the tower), it is worth about AED 2,014,000 today.

Value todayAED 2,014,000AED 1,885,000 to AED 2,138,000
Last saleAED 2,157,0009 Sep 2024 · Resale
Change since last sale-6.6%Building trend alone: AED 1,928,917
Rent (median asking, 2 bed)AED 147,500Gross yield 7.3%
Bedrooms2 bed
Size1,388 sq ft
Floor50 (from the unit number)
Position in the towerStack 02: units ending 02 share the same layout and view
BuildingDAMAC Towers by Paramount, Tower B by DAMAC Properties, handed over 2018
Registered sales of this unit1

Every registered sale of unit 5002

DatePriceSizeAED/sq ftType
9 Sep 2024AED 2,157,0001,388 sq ft1,554Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
490223 Sep 2026AED 1,827,1561,388 sq ft1,316Resale
90221 May 2026AED 1,250,000957 sq ft1,306Resale
49028 May 2026AED 1,994,4911,388 sq ft1,437Resale
190221 Jan 2026AED 1,340,000965 sq ft1,389Resale
380211 Dec 2025AED 1,500,000945 sq ft1,587Resale
10028 Dec 2025AED 1,400,000965 sq ft1,451Resale
180214 Nov 2025AED 1,300,000965 sq ft1,347Resale
90216 Oct 2025AED 1,300,000957 sq ft1,358Resale

Latest 2 bed sales in DAMAC Towers by Paramount, Tower B

UnitDatePriceSizeAED/sq ftType
490223 Sep 2026AED 1,827,1561,388 sq ft1,316Resale
340131 Aug 2026AED 1,650,0001,394 sq ft1,184Resale
20014 Aug 2026AED 1,700,0001,394 sq ft1,220Resale
27013 Aug 2026AED 2,000,0001,394 sq ft1,435Resale
190119 Jun 2026AED 1,825,0001,434 sq ft1,273Resale
190711 Jun 2026AED 2,000,0001,515 sq ft1,320Resale
8042 Jun 2026AED 2,057,3171,697 sq ft1,212Resale
49028 May 2026AED 1,994,4911,388 sq ft1,437Resale

How we worked out the value

We took the 13 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,451). We multiplied it by the size of this unit (1,388 sq ft). The range uses the middle half of those sales (AED 1,358 to AED 1,540 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,928,917. Floor, view, condition and upgrades can move the price either way. Sales data to 15 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 5002 at DAMAC Towers by Paramount, Tower B worth?

About AED 2,014,000 (range AED 1,885,000 to AED 2,138,000), based on AED 1,451 per sq ft from registered sales up to 15 Oct 2026.

When did unit 5002 last sell?

9 Sep 2024, for AED 2,157,000 (resale). It has 1 registered sale.

What rent can unit 5002 make?

A 2 bed in DAMAC Towers by Paramount, Tower B rents for about AED 147,500 a year (median asking rent). That is a gross yield of 7.3% on the estimate.

Sales alert for DAMAC Towers by Paramount, Tower BAll sales in DAMAC Towers by Paramount, Tower B

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