Unit 5505, DAMAC Towers by Paramount, Tower B: what it sold for and what it is worth now

Unit 5505 at DAMAC Towers by Paramount, Tower B is a 1 bed of 1,055 sq ft. It last sold for AED 818,773 on 29 Dec 2022. At AED 1,398 per sq ft, from 10 sales of units ending 05 (same position in the tower), it is worth about AED 1,475,000 today.

Value todayAED 1,475,000AED 1,399,000 to AED 1,540,000
Last saleAED 818,77329 Dec 2022 · Resale
Change since last sale+80.1%Building trend alone: AED 615,734
Rent (median asking, 1 bed)AED 105,000Gross yield 7.1%
Bedrooms1 bed
Size1,055 sq ft
Floor55 (from the unit number)
Position in the towerStack 05: units ending 05 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 5505

DatePriceSizeAED/sq ftType
29 Dec 2022AED 818,7731,055 sq ft776Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
370515 Oct 2026AED 2,400,0001,747 sq ft1,374Resale
320517 Sep 2026AED 2,300,0001,747 sq ft1,317Resale
330515 Sep 2026AED 2,200,0001,747 sq ft1,259Resale
570517 Mar 2026AED 1,250,0001,055 sq ft1,185Resale
280512 Dec 2025AED 2,366,4491,747 sq ft1,355Resale
290528 Nov 2025AED 2,550,0001,747 sq ft1,460Resale
350525 Apr 2025AED 3,300,0001,747 sq ft1,889Resale
640521 Feb 2025AED 1,500,0001,055 sq ft1,422Resale

Latest 1 bed sales in DAMAC Towers by Paramount, Tower B

UnitDatePriceSizeAED/sq ftType
44067 Oct 2026AED 1,374,2221,055 sq ft1,303Resale
21038 Jul 2026AED 2,070,000929 sq ft2,228Resale
21036 Jul 2026AED 1,400,000929 sq ft1,507Resale
290318 Jun 2026AED 1,450,000929 sq ft1,561Resale
90221 May 2026AED 1,250,000957 sq ft1,306Resale
570517 Mar 2026AED 1,250,0001,055 sq ft1,185Resale
11035 Feb 2026AED 1,660,000929 sq ft1,787Resale
380629 Jan 2026AED 1,470,0001,055 sq ft1,393Resale

How we worked out the value

We took the 10 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,398). We multiplied it by the size of this unit (1,055 sq ft). The range uses the middle half of those sales (AED 1,326 to AED 1,460 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 615,734. 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 5505 at DAMAC Towers by Paramount, Tower B worth?

About AED 1,475,000 (range AED 1,399,000 to AED 1,540,000), based on AED 1,398 per sq ft from registered sales up to 15 Oct 2026.

When did unit 5505 last sell?

29 Dec 2022, for AED 818,773 (resale). It has 1 registered sale.

What rent can unit 5505 make?

A 1 bed in DAMAC Towers by Paramount, Tower B rents for about AED 105,000 a year (median asking rent). That is a gross yield of 7.1% on the estimate.

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

Unit 5504 · Unit 5601