5505, DAMAC Royale (Damac Towers) by Paramount Tower D
Sold prices and rental history: sold once, by the developer in November 2015, 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 5505, DAMAC Royale (Damac Towers) by Paramount Tower D
What is 5505 worth today?
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Source: Dubai Land Department. Updated 22 February 2024.
Key facts
- Type
- 1-bed hotel apartment
- Size
- 1,055 sqft
- Floor
- 55th of 69
- Parking
- P6-137
- Developer
- DAMAC
- Completed
- 2018
- Service charge
- AED 30,100 /yr
- Last sold
- AED 2.5M · November 2015
About 5505, DAMAC Royale (Damac Towers) by Paramount Tower D
5505 is a one-bedroom hotel apartment of 1,055 sqft on the 55th 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 18 November 2015 for AED 2,495,250, or AED 2,364 per sqft, 4% below the AED 2,469 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 22 February 2024, is AED 73,500 a year: a gross yield of 2.9% on the 2015 price, before the service charge of about AED 30,100 a year.
Sales and rents for 5505 over time
5505 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 5505 sits
All 185 1-beds →5505 last sold in November 2015 at AED 2,364 per sqft, 4% below what one-beds in DAMAC Royale (Damac Towers) by Paramount Tower D were fetching at the time (AED 2,469). 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. 5505's AED 73,500 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 55th floor
All 399 units in DAMAC Royale (Damac Towers) by Paramount Tower D| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 3-bed | 1,292 sqft | AED 4.47MAED 4,468,500 · Nov 2015November 2015 | 136,500 /yr | |
| 5502 | 2-bed | 796 sqft | AED 3.24MAED 3,242,250 · Nov 2015November 2015 | 119,781 /yr | |
| 5503 | 1-bed | 777 sqft | AED 2.11MAED 2,106,000 · Nov 2015November 2015 | 73,282 /yr | |
| 5504 | 3-bed | 949 sqft | AED 4.07MAED 4,074,750 · Nov 2015November 2015 | 158,200 /yr | |
| 5506 | 2-bed | 493 sqft | AED 3.53MAED 3,532,500 · Nov 2015November 2015 | 90,000 /yr |
5505, DAMAC Royale (Damac Towers) by Paramount Tower D in numbers
- Sold once: by DAMAC on 18 November 2015 for AED 2,495,250, or AED 2,364 per sqft.
- Rented since August 2019 on 5 Ejari contracts, from AED 70,000 to AED 73,500 a year.
- At AED 73,500 a year the gross yield on the 2015 price is 2.9%, before a service charge of about AED 30,100 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 22 February 2024.
Questions about 5505, DAMAC Royale (Damac Towers) by Paramount Tower D
What did unit 5505 last sell for?
AED 2,495,250 on 18 November 2015, sold by the developer: AED 2,364 per sqft for 1,055 sqft. It is the only registered sale of the unit.
What is the rent for unit 5505?
AED 73,500 a year on the contract renewed on 22 February 2024. The previous contract, from February 2023, was AED 70,000; the unit has been rented since August 2019.
How big is unit 5505?
1,055 sqft (98.0 sqm): a one-bedroom hotel apartment on the 55th floor of a 69-storey tower completed in 2018.
What is unit 5505 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 5505, DAMAC Royale (Damac Towers) by Paramount Tower D
Starts from the last sale price (AED 2.5M, 18 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,495,250
- Deposit, UAE resident (20%)
- AED 499,050
- Deposit, non-resident (40%)
- AED 998,100
- Monthly over 25 years at 3.7%
- AED 10,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →