Super Distress Deal — 3BR DAMAC Paramount Tower A | Business Bay | AED 2,650,000 | 30% Below OP+DLD

3-Bedroom, 1,746 Sq Ft, Fully Furnished — DAMAC Paramount Tower A, Business Bay | Best Deal in the Tower

This is a super distress sale on a fully furnished 3-bedroom apartment of 1,746 sq ft in DAMAC Paramount Tower A — one of four interconnected 55-storey towers in the landmark DAMAC Towers by Paramount complex at Business Bay, Dubai. The seller’s total acquisition cost — original developer price plus the 4% DLD fee paid at purchase — was AED 3,775,000. The distress asking price is AED 2,650,000: a real, documented saving of AED 1,125,000 (29.8%) — 30% below what the seller paid. The apartment is ready, fully furnished to Paramount’s Hollywood-branded interior standard, and can generate immediate rental income or be occupied from day one with zero additional fit-out spend. At AED 1,518/sqft for a furnished, branded 3-bedroom in Business Bay — the seller’s agent confirms this is the best-priced unit in the entire Tower A — the buyer captures both an immediate below-market entry and a fully income-ready asset.

Property Highlights

• Building: DAMAC Paramount Tower A
• Developer: DAMAC Properties (est. 2002) — in partnership with Paramount Hotels & Resorts
• Location: Business Bay, Dubai, UAE
• Type: 3-Bedroom Apartment — Fully Furnished
• Bedrooms: 3 | Bathrooms: 3 (all en-suite)
• Total Size: 1,746 sq ft
• Furnishing: Fully furnished — Hollywood-branded Paramount specification
• Balcony: Yes (glass railing, floor-to-ceiling sliding doors)
• Parking: Covered, allocated
• Status: Ready — title deed deliverable at DLD transfer
• Occupation: Immediate move-in or immediate rental listing
• Distress Asking Price: AED 2,650,000
• Seller’s Total Cost (OP + DLD paid): AED 3,775,000
• Discount vs Seller’s Cost: AED 1,125,000 (29.8% — “30% below OP”)
• Price Per Sq Ft: AED 1,518
• Original Developer Price/Sqft: AED 2,079
• Finance: Cash or UAE bank mortgage eligible
• Ownership: Freehold — open to all nationalities
• Golden Visa: Yes (AED 2M+ threshold exceeded)

About DAMAC Paramount Tower A and the Paramount Brand

DAMAC Towers by Paramount is a landmark mixed-use development at Business Bay comprising four interconnected 55-storey towers — each standing 270 metres above Dubai — joined at their base by an 8-storey multi-level podium housing the development’s extensive retail, dining, and entertainment facilities. Three towers (A, B, and D) are residential and one (Tower C) is the world’s first Paramount Hotel, making this the only address in Dubai where residents live in a building physically connected to a branded 5-star hospitality product. Tower A contains 400 residential units across studios, 1, 2, and 3-bedroom configurations. The 3-bedroom apartments in Tower A span up to 1,746 sq ft — the largest standard residential unit type available — with floor-to-ceiling double-glazed windows, glass-railing balconies with sliding door access, and fully equipped semi-open kitchens with stone countertops and built-in appliances.

Every unit in DAMAC Paramount Tower A was delivered fully furnished to the Paramount Hollywood Studios standard — a “California cool” design language that incorporates premium furniture, equipped kitchens (cooking range, microwave, dishwasher, refrigerator, washing machine), and quality bathroom fittings. This turnkey specification means there is no additional investment required to make the apartment rentable or habitable: it is immediately income-generating or immediately liveable from the day of DLD transfer. The development was completed in October 2018 and is fully established — a stabilised, operational community with active tenants, functioning amenities, and a strong transactional history.

Community and Lifestyle — Business Bay

• Business Bay — Dubai’s central business and residential canal district, directly adjacent to Downtown Dubai
• Dubai Canal — the Business Bay section of the waterway, with promenade walkways, cycling paths, and waterfront dining below DAMAC Paramount
• Downtown Dubai / Burj Khalifa / Dubai Mall — 8–10-minute drive; the city’s most iconic 1 km² destination
• DIFC (Dubai International Financial Centre) — 5-minute drive; UAE’s financial capital
• Dubai Opera — 8 minutes; world-class performing arts
• City Walk — 7 minutes; open-air retail and dining
• Business Bay Metro Station (Red Line) — 12-minute drive; connects to the entire Dubai metro network
• Al Khail Road (E44) — 5 minutes; direct highway access
• Sheikh Zayed Road (E11) — 13-minute drive
• Ras Al Khor Road — 5 minutes
• Dubai International Airport (DXB) — 17 minutes
• Business Bay is home to the headquarters of major UAE and international companies — the tenant demand base from corporate executives is the primary driver of 3BR rental premiums in the district

Why Fully Furnished Matters at This Price

The “fully furnished” designation in a Paramount-branded building is not a generic label — it means the unit has been fitted out to the specific Paramount Hotels & Resorts interior specification at the time of the original purchase, and that investment is included in the AED 2,650,000 asking price. The furniture, kitchen appliances, bathroom fittings, built-in wardrobes, and branded furnishings are all in place. For the buyer, this eliminates two cost and time burdens that apply to unfurnished purchases: (1) no furniture fit-out budget required on top of the purchase price — the unit is immediately rentable to premium corporate tenants who specifically seek fully furnished Business Bay apartments; and (2) no time delay between DLD transfer and the first rental income — the property can be listed on the same day. At a Business Bay 3BR furnished annual rental range of AED 180,000–240,000, the gross yield on the AED 2,650,000 asking price is 6.8–9.1% — materially above Business Bay’s average apartment yield of 5–6%.

The 30% Discount — What It Means

The seller’s total documented cost was AED 3,775,000 — original DAMAC developer price (~AED 3,629,808) plus the 4% DLD fee (~AED 145,192) paid at the time of purchase. The distress asking price is AED 2,650,000. The AED 1,125,000 gap is the full amount the seller is willing to absorb to exit quickly. In practical terms:

• AED 1,518/sqft vs seller’s original cost of AED 2,079/sqft
• The seller forfeits AED 1,125,000 — not the buyer
• The buyer acquires a furnished, ready, income-generating 3BR in Business Bay at a price AED 1,125,000 below the confirmed cost of the same asset when it was originally purchased
• No off-plan risk, no construction timeline, no payment plan complexity — this is a straightforward ready property at a distress price

Amenities

• Dine-in cinema — Paramount-branded screening room with luxury seating and full food and beverage service; one of the most distinctive amenity differentiators in Business Bay
• Temperature-controlled swimming pool with sun deck
• Rooftop infinity pool
• Fully equipped gymnasium
• Luxury spa with sauna and steam rooms
• Children’s play area
• On-site restaurants and bars: Chill Shisha, Malibu Deck, Flashback Speakeasy (on podium)
• On-site supermarket
• Salons for men and women
• Meeting rooms, event spaces, and conference facilities
• Valet parking services
• 24-hour security and CCTV
• High-speed elevators with smart lobby access
• In-house maintenance staff
• Flexible lobby screens creating Hollywood ambience

Layout and Floor Plan

The 3-bedroom apartment at 1,746 sq ft is the largest standard residential unit type in DAMAC Paramount Tower A. The layout includes a spacious open-plan living and dining area with direct balcony access via floor-to-ceiling sliding glass doors, a semi-open kitchen with stone countertops and built-in appliances, three bedrooms each with en-suite bathrooms and built-in wardrobes, and a guest toilet near the entrance. The balcony has glass railing providing unobstructed canal and skyline views. All three bedrooms have built-in wardrobes with additional storage. The unit arrives fully furnished — furniture, kitchenware, bedding, and bathroom fittings are in place. Exact floor, unit number, and view orientation are available on request from DistressPropertyFinder.com.

Payment and Acquisition

• Distress Asking Price: AED 2,650,000
• Seller’s Original Cost (OP + DLD): AED 3,775,000
• Discount: AED 1,125,000 (29.8%)
• Finance: Ready property — cash or UAE bank mortgage eligible
• DLD Transfer Fee (4%): AED 106,000
• Trustee / Conveyancing: ~AED 4,200
• Buyer Agency (2%, if applicable): AED 53,000
• Total Indicative All-In: ~AED 2,813,200
• Annual Service Charges: Confirmed on request

Location and Connectivity

• Al Khaleej Al Tejari 2 Street: Building frontage
• Al Khail Road (E44): 5 minutes
• Ras Al Khor Road: 5 minutes
• DIFC / Financial Centre: 5 minutes
• City Walk: 7 minutes
• Downtown Dubai / Dubai Mall / Burj Khalifa: 8–10 minutes
• Dubai Opera: 8 minutes
• Business Bay Metro Station (Red Line): 12-minute drive
• Sheikh Zayed Road (E11): 13 minutes
• Dubai International Airport (DXB): 17 minutes
• Dubai Marina / JBR: 20–25 minutes
• Al Maktoum International Airport (DWC): ~45 minutes
• Business Bay 2 Bus Stop: Walkable — routes 26, F19A, F19B, F14

Why This 3BR at AED 2,650,000 Is the Best Deal in Tower A

• AED 1,125,000 (29.8%) below the seller’s documented cost: The seller paid AED 3,775,000 (OP + DLD) and is selling at AED 2,650,000. The entire gap is absorbed by the seller — the buyer captures it as equity at DLD registration on a ready, titled property.
• AED 1,518/sqft for a furnished 3BR in Business Bay: Business Bay 3BR apartments trade at materially higher prices per sqft in the current market. At AED 1,518/sqft vs the seller’s original AED 2,079/sqft, this listing is priced below any comparable unit currently available in Tower A at market rates.
• Fully furnished — no additional capex: The entire furniture, kitchen, and fit-out is in place. The buyer’s AED 2,650,000 is the total cost to acquire an immediately rentable 3BR. No additional investment required before the first rental cheque.
• Paramount-branded dine-in cinema — Business Bay’s most distinctive amenity: No other residential building in Business Bay offers an on-site Paramount-branded dine-in cinema. This single amenity creates a differentiated lifestyle offer that supports a rental premium and faster occupancy versus comparable Business Bay apartments without it.
• Immediate yield of 6.8–9.1%: At AED 2,650,000 and Business Bay 3BR furnished rents of AED 180,000–240,000/yr, this property generates 6.8–9.1% gross from day one — above Business Bay’s community average of 5–6%. DAMAC Paramount already has a resident community of corporate professionals paying premium rents for the branded furnished standard.
• Ready property, cash or mortgage: No off-plan risk, no construction, no developer milestones. DLD transfer closes the transaction. Mortgage-eligible if required — the property is an established, titled freehold asset in a completed, fully operational building.

Frequently Asked Questions (FAQs)