2-Bedroom Apartment in DAMAC Paramount, Business Bay, AED 1M Below Original Price

Property Overview

This 2-bedroom apartment in DAMAC's Paramount development, Business Bay, Dubai, is offered at AED 2,100,000. The asking price is AED 1,000,000 below the agent-stated original purchase price of AED 3,100,000, a 32.3% reduction. The agent gives a total acquisition cost of AED 2,189,250, which is AED 89,250 above the asking price and likely covers transfer fees.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Asking price: AED 2,100,000
• Original price (agent-stated): AED 3,100,000
• Saving versus original price: AED 1,000,000 (32.3%)
• Total acquisition cost (agent-stated): AED 2,189,250
• Project: Paramount
• Developer: DAMAC Properties
• Community: Business Bay

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 2,100,000 is lower than the original purchase price of AED 3,100,000 stated in the agent's brief. The difference is AED 1,000,000, or 32.3% of the original price.

The original price comes from the agent's brief received on 28 October 2026 and has not yet been checked against the SPA, title deed or DLD records. A discount of this size reflects what the seller first paid; it is not a claim that the unit is below current market value. Buyers should request the SPA before committing.

About the Project, Developer and Community

Paramount Tower Hotel and Residences is a branded development by DAMAC Properties in Business Bay, combining a hotel with serviced and residential apartments. Business Bay is one of Dubai's central mixed-use districts next to Downtown Dubai.

Layout, Floor and View

The agent confirms a 2-bedroom unit. Size, tower, floor, view, bathrooms, parking and furnishing were not supplied. Ask the DPF team for the floor plan.

Costs, Tenancy and Transfer

The agent's total acquisition figure of AED 2,189,250 includes AED 89,250 on top of the asking price; the breakdown was not supplied. Units in branded hotel developments may be subject to hotel management or rental-pool arrangements. Confirm the cost breakdown, any management agreement, occupancy, service charges and the transfer timeline before making an offer.

Location and Connectivity

Business Bay has direct road access to Sheikh Zayed Road, Al Khail Road and Al Asayel Street and is served by Business Bay station on the Dubai Metro Red Line. Travel times vary with traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: Paramount, DAMAC, Business Bay, 2-bedroom apartment, original price AED 3,100,000, asking price AED 2,100,000 and total acquisition cost AED 2,189,250.
• DPF-calculated figures: AED 1,000,000 (32.3%) below the original price and the AED 89,250 gap to the total acquisition cost.
• Not yet supplied: size, tower, floor, view, handover status, hotel management terms and service charges.