1703, DAMAC Royale (Damac Towers) by Paramount Tower D
Sold prices and rental history: sold once, by the developer in May 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1703, DAMAC Royale (Damac Towers) by Paramount Tower D
What is 1703 worth today?
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Source: Dubai Land Department. Updated 18 August 2022.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 929 sqft
- Floor
- 17th of 69
- Parking
- P3-79
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 26,500 /yr
- Last sold
- AED 2.17M · May 2018
About 1703, DAMAC Royale (Damac Towers) by Paramount Tower D
1703 is a one-bedroom hotel apartment of 929 sqft on the 17th floor of DAMAC Royale (Damac Towers) by Paramount Tower D, a 69-storey tower in Business Bay completed in 2018 by DAMAC. The developer sold it on 16 May 2018 for AED 2,172,450, or AED 2,338 per sqft, 9% above the AED 2,147 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 18 August 2022, is AED 80,000 a year: a gross yield of 3.7% on the 2018 price, before the service charge of about AED 26,500 a year.
Sales and rents for 1703 over time
1703 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in DAMAC Royale (Damac Towers) by Paramount Tower D, and where 1703 sits
All 185 1-beds →1703 last sold in May 2018 at AED 2,338 per sqft, 9% above what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower D were fetching at the time (AED 2,147). Over the last 12 months one-beds sold for AED 1,260,000 to 2,009,000, around AED 1,513 per sqft, and rent for AED 89,250 to 140,000 a year. 1703's AED 80,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 942 sqft | 1,425,000 | 1,513 | ||
| 12 Dec 202512 December 2025 | 929 sqft | 1,350,000 | 1,453 | ||
| 24 Jul 202524 July 2025 | 1,055 sqft | 1,700,000 | 1,611 | ||
| 24 Jul 202524 July 2025 | 929 sqft | 1,400,000 | 1,507 |
DAMAC Royale (Damac Towers) by Paramount Tower D
Building399 apartments, 1-bed to 3-bed over 69 floors in Business Bay, completed in 2018 by DAMAC. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,518 Up 5.9%
- Typical sale
- AED 1.94M
- Typical rent
- AED 125K /yr
- Typical yield
- 7.2%
Other units on the 17th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower D| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,448 sqft | AED 2.87MAED 2,870,400 · May 2013May 2013 | ||
| 1702 | 1-bed | 965 sqft | AED 2.05MAED 2,052,000 · May 2013May 2013 | 120,000 /yr | |
| 1704 | 1-bed | 939 sqft | AED 1.43MAED 1,432,010 · Feb 2022February 2022 | 100,000 /yr | |
| 1705 | 3-bed | 1,747 sqft | AED 3.55MAED 3,545,500 · May 2014May 2014 | 196,350 /yr | |
| 1706 | 1-bed | 1,055 sqft | AED 2.22MAED 2,224,000 · Aug 2013August 2013 | ||
| 1707 | 2-bed | 1,515 sqft | AED 3.09MAED 3,094,650 · May 2013May 2013 | 130,000 /yr |
1703, DAMAC Royale (Damac Towers) by Paramount Tower D in numbers
- Sold once: by DAMAC on 16 May 2018 for AED 2,172,450, or AED 2,338 per sqft.
- Rented since August 2019 on 4 Ejari contracts, from AED 70,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2018 price is 3.7%, before a service charge of about AED 26,500 a year (AED 28.56 per sqft).
- One-beds in DAMAC Royale (Damac Towers) by Paramount Tower D sold for AED 1,260,000–2,009,000 in the 12 months to November 2026; the building's median across all types is AED 1,518 per sqft.
Source: Dubai Land Department. Updated 18 August 2022.
Questions about 1703, DAMAC Royale (Damac Towers) by Paramount Tower D
What did unit 1703 last sell for?
AED 2,172,450 on 16 May 2018, sold by the developer: AED 2,338 per sqft for 929 sqft. It is the only registered sale of the unit.
What is the rent for unit 1703?
AED 80,000 a year on the contract signed on 18 August 2022. The previous contract, from August 2021, was AED 65,000; the unit has been rented since August 2019.
How big is unit 1703?
929 sqft (86.3 sqm): a one-bedroom hotel apartment on the 17th floor of a 69-storey tower completed in 2018.
What is unit 1703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in DAMAC Royale (Damac Towers) by Paramount Tower D sold for AED 1,260,000 to 2,009,000 in the last 12 months, around AED 1,513 per sqft.
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Mortgage on 1703, DAMAC Royale (Damac Towers) by Paramount Tower D
Starts from the last sale price (AED 2.17M, 16 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,172,450
- Deposit, UAE resident (20%)
- AED 434,490
- Deposit, non-resident (40%)
- AED 868,980
- Monthly over 25 years at 3.7%
- AED 8,888
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →