Furnished 2 Bedroom Apartment in Paramount Tower A, Business Bay – AED 1M Below OP

Property Overview

This is a fully furnished two-bedroom apartment of 1,485 sq ft in Paramount Tower A, a residential tower within DAMAC Towers by Paramount Hotels & Resorts in Business Bay, Dubai. It is listed at AED 2,100,000 against an agent-stated original purchase price of AED 3,100,000, which is AED 1,000,000 or 32.3% below OP. The building is completed.

Property Highlights

• Asking price: AED 2,100,000
• Original purchase price (agent-stated): AED 3,100,000
• Saving against OP: AED 1,000,000 (32.3%)
• Size: 1,485 sq ft
• Asking rate: approximately AED 1,414 per sq ft (OP rate approximately AED 2,088 per sq ft)
• Bedrooms: 2
• Furnishing: fully furnished
• Tower use: residential (agent-stated)
• Status: ready, completed building

Why the Price Qualifies as Below OP

The agent brief gives a labelled original purchase price of AED 3,100,000 and a selling price of AED 2,100,000. Because the asking price is lower than the stated OP, DPF classifies this listing as Below OP.

• Saving: AED 3,100,000 minus AED 2,100,000 equals AED 1,000,000, matching the agent's stated figure.
• Percentage: AED 1,000,000 divided by AED 3,100,000 equals 32.3% below OP.
• Rate per sq ft: AED 2,100,000 divided by 1,485 sq ft equals approximately AED 1,414.

The benchmark is the seller's original purchase price as reported in the agent brief received on 2026-10-01. Because the building was sold off-plan and completed in 2019, the original price may reflect launch-era pricing rather than today's market. It is not a DLD transaction record or a market valuation, so it does not by itself show the unit is below current market value. Buyers should confirm the OP from the title deed or original SPA.

About the Project, Developer and Community

DAMAC Towers by Paramount Hotels & Resorts is a four-tower development by DAMAC Properties in partnership with Paramount Hotels & Resorts. Each tower rises to about 270 metres and 68 storeys. One tower houses the Paramount Hotel, which opened in 2019, and the other three hold serviced residences, adding up to more than 1,100 homes.

The towers are connected by a multi-level podium with swimming pools, fitness facilities, restaurants, a screening room and shops, and the interiors carry a Hollywood-inspired design theme. Business Bay is a mixed-use district beside Downtown Dubai and the Dubai Water Canal, with offices, hotels and residential towers.

Layout, Floor and View

The agent confirms a two-bedroom layout of 1,485 sq ft, offered fully furnished, in the residential Tower A. The floor, view, bathrooms, parking, unit number and current occupancy were not supplied, so they are not stated here. Ask for the floor plan, the view orientation and whether the unit is vacant or tenanted.

Service Charges and Use

Service charges and any rental-pool or hotel-management arrangement were not supplied. Because the towers carry branded serviced-residence status, buyers should check the current service charge, any operator agreements and the rules for long-term or short-term letting before committing.

Location and Connectivity

The towers sit in Business Bay near Sheikh Zayed Road and Al Khail Road, close to Downtown Dubai and the Dubai Water Canal. Journey times depend on route and traffic, so DPF does not quote fixed minutes for this listing.

Verification Notes

• Agent-supplied facts: Paramount Tower A, Business Bay, 2 bedrooms, 1,485 sq ft, fully furnished, residential use, OP and asking price.
• DPF-calculated figures: saving amount, saving percentage and price per sq ft.
• External research: developer, tower configuration, completion year and podium amenities from public project references.
• Not supplied: floor, view, bathrooms, parking, unit number, occupancy and service charge.