DAMAC Towers by Paramount (B) rents
- 341 new leases and 123 renewals in 12 months
- Business Bay
- near Burj Khalifa / Dubai Mall Metro Station
A one-bed here leases for about AED 100,000 a year, 4% above the typical Business Bay one-bed.
1 bed · typical new lease
100,000AEDa year
AED 101/sqft · -9.1% on a year
- A month, roughly
- AED 8,333
- Renewal
- AED 100,000
- vs Business Bay 1 bed
- 4% above the median
- New leases, 12 months
- 171
What should a lease in DAMAC Towers by Paramount (B) cost?A one-bed leases for about AED 100,000 a year
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Business Bay median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A one-bed here now costs 9.1% less than a year earlier: AED 100,000 against 110,000.
Chart data, 1 bed: 2019, AED 75,000; latest, 2026, AED 90,000; peak, 2024, AED 110,000.
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
About DAMAC Towers by Paramount (B)An apartment building in Business Bay, a 10-minute drive from DIFC
DAMAC Towers by Paramount (B) is an apartment building completed in 2018 in Business Bay. 464 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
Drive times · typical
- Downtown
- 13 min · 4.9 km
- DXB Airport
- 12 min · 12 km
- DIFC
- 10 min · 9.6 km
- Dubai Marina
- 21 min · 24 km
- Palm Jumeirah
- 27 min · 28 km
Nearest, as registered
- Metro
- Burj Khalifa / Dubai Mall Metro Station
- Mall
- Dubai Mall
- Landmark
- Downtown Dubai
Letting a unit in DAMAC Towers by Paramount (B)?New tenants pay more than renewing ones
- New tenant vs renewal
- +4.3%
- New leases AED 120,000, renewals 115,000, all types
- Short-let instead, one-bed
- AED 820
- a night on Airbnb; nets 1.6× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? DAMAC Towers by Paramount (B) sale prices →Comparables in Business Bay
Every Business Bay building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. DAMAC Towers by Paramount (B) places 81st of 100; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against DAMAC Towers by Paramount (B).
At 1 bed, DAMAC Towers by Paramount (B) ranks 56th of 91 by rent per square foot and 21st of 76 by gross yield in Business Bay.
Market context in Business Bay
Registered sales activity
2,705 ready apartment sales in the 12 months to 2026-10-12.
+5.4% in median AED/sqft versus the preceding year, supported by 2,705 current and 3,581 prior price observations.
Explore sales activityPlanned apartment projects
10,312 known registered units across 12 pending projects planned within one year of the 2026-07-06 register.
10 projects had already passed their planned date; 6 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
11,591 apartments are planned in Business Bay from 2026 to 2028, equal to 64% of the 18,176 homes let there today.
Ready prices per sqft fell in 50% of 131 buildings (counted once per bedroom type) in Business Bay with sales in both years; the typical one moved −0.1%.
The pooled median moved +5.4%: 5.5 points more than the typical building, because different buildings traded in each year.
New-lease rents fell in 79% of 124 buildings (counted once per bedroom type) with leases in both years; the typical one moved −5.6%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The DAMAC Towers by Paramount towers
4 towers in DAMAC Towers by Paramount, at the bedroom type above.
Ejari files DAMAC Towers by Paramount’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Business Bay: every development at this typeBusiness Bay: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 1 bed. A median needs 3 rows; a dash with a count means fewer.
Nearby in Business Bay
Prices per sq ft around DAMAC Towers by Paramount (B), on the mapPrices per sq ft around DAMAC Towers by Paramount (B), on the map
DAMAC Towers by Paramount (A)
Business Bay · 341 contracts, 12 months
120,000
AED a year median · 97/sqft
DAMAC Towers by Paramount (D)
Business Bay · 341 contracts, 12 months
120,000
AED a year median · 97/sqft
DAMAC Towers by Paramount (C)
Business Bay · 341 contracts, 12 months
120,000
AED a year median · 97/sqft
Peninsula Three
Business Bay · 441 contracts, 12 months
100,000
AED a year median · 162/sqft
Ask about DAMAC Towers by Paramount (B)
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Common questions
- What is the registered annual rent for a 1 bedroom in DAMAC Towers by Paramount (B)?
- The median new annual rent is AED 100,000, from 171 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in DAMAC Towers by Paramount (B) risen or fallen?
- The median new annual rent changed -9.1% in the trailing 12 months against the previous 12, using 171 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- How many apartments change hands in DAMAC Towers by Paramount (B)?
- 16 sales were registered with the Dubai Land Department in the last 12 months, alongside 171 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to DAMAC Towers by Paramount (B)?
- Burj Khalifa / Dubai Mall Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.
- What is the rental yield in DAMAC Towers by Paramount (B)?
- DAMAC Towers by Paramount (B) returns 7.0% gross: a median new-contract rent of AED 100,000 a year (171 Ejari contracts in 12 months) over a price benchmark of AED 1.43M (median of 16 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
For agents
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DAMAC Towers by Paramount (B) rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 171 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/business-bay/damac-towers-by-paramount-b
Cite as: Dubai Wealth Index. “DAMAC Towers by Paramount (B) rents and yield.” Business Bay, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/business-bay/damac-towers-by-paramount-b
Stable dataJSON