3 Bedroom Apartment Below OP in DAMAC Paramount Tower A, Business Bay

Property Overview

This vacant 3 bedroom apartment in DAMAC Towers by Paramount Tower A, Business Bay is asking AED 2,700,000. The original purchase price was AED 3,050,000, placing the asking price AED 350,000 (11.5%) below the original price. The unit provides 1,744 sq.ft at AED 1,548 per sq.ft, below the 60th floor. The apartment is vacant and ready for immediate occupancy or rental.

Property Highlights

• Type: 3 bedroom apartment
• Size: 1,744 sq.ft
• Floor: Below 60th floor
• Vacant and ready
• Original purchase price: AED 3,050,000
• Asking price: AED 2,700,000
• Savings: AED 350,000 (11.5% below OP)
• Rate: AED 1,548 per sq.ft

Why the Price Qualifies as Below OP

The agent states the original purchase price was AED 3,050,000. The current asking price of AED 2,700,000 represents a reduction of AED 350,000 (11.5%) from that original price. The seller is exiting below cost on a completed, ready-to-occupy apartment.

At AED 1,548 per sq.ft, the unit is priced below the Property Finder building average of AED 1,604 per sq.ft and within the range reported by Houza for Tower A 3 bedroom apartments (average AED 1,432 per sq.ft). The Bayut DLD average transaction for the building is AED 1,885,871 across all unit types. The original price should be verified against the seller's SPA.

Investment Potential

As a vacant unit in a completed building, this apartment offers immediate rental potential. Bayut reports rental yields of up to 7.35% for DAMAC Towers by Paramount. At the asking price of AED 2,700,000, a 7% yield would indicate potential annual rental income of approximately AED 189,000. Three bedroom units in the building are in demand from families and professionals seeking spacious accommodations in Business Bay with access to the building's extensive dining and entertainment venues.

About DAMAC Towers by Paramount

DAMAC Towers by Paramount is a landmark mixed-use development in Business Bay, developed by DAMAC Properties in partnership with Paramount Hotels and Resorts. The complex comprises four towers of approximately 270 metres: three residential towers (A, B, and D) and one hotel tower (C). The towers are connected by a multi-level podium that houses eight restaurants, bars, and lounges, creating a hospitality-grade lifestyle environment for residents.

The development features Hollywood-inspired interiors with design elements reflecting Paramount's cinematic heritage. Approximately 889 residential units are offered across studios and 1, 2, and 3 bedroom apartments. Amenities include a swimming pool, gymnasium, spa and wellness centre, children's play area, concierge services, covered parking, and 24-hour security. The development is located on Al Khaleej Al Tejari 2 Street in Business Bay, within walking distance of the Dubai Canal and a short drive from Dubai Mall, Burj Khalifa, and DIFC.

Business Bay Location

Business Bay is a central Dubai district along the Dubai Water Canal, situated between Downtown Dubai and Sheikh Zayed Road. The area is served by the Business Bay Metro Station on the Red Line. DAMAC Towers by Paramount is positioned near major dining destinations including Fuchsia Urban Thai, Taipei Dao, Zen Restaurant, and The Espresso Lab. Supermarkets including West Zone, Spinneys, and Carrefour are within walking distance. Downtown Dubai with the Burj Khalifa, Dubai Mall, and Dubai Opera are minutes away.

Verification Notes

The bedroom count, size, below-60th-floor designation, vacant status, original purchase price, and asking price are sourced from the agent's resale brief received on 14 August 2026. The original price of AED 3,050,000 should be verified against the seller's SPA. The bathroom count, exact floor number, view orientation, and furnishing status were not stated and have been omitted. Stable project facts are drawn from Property Finder, Bayut, Houza, and Metropolitan. Buyers should independently verify all facts, inspect the unit, and obtain independent legal advice before proceeding.