This two-bedroom apartment in Paramount Tower D, Business Bay, is offered at AED 2,000,000 against an original price plus DLD of AED 2,735,200 — AED 735,200, or 26.9%, below original price. The unit is fully furnished, 1,516 sq.ft of built-up area, which gives AED 1,319 per sq.ft on BUA. It sits on a high floor with a Burj Khalifa view and has a balcony. The property is complete and vacant, so there is no developer balance and no handover to wait for: the full AED 2,000,000 goes to the seller at transfer, and with the DLD, trustee, agency and title deed fees the total cost to the buyer is AED 2,152,020. The unit is ready, and the discount is measured against the original price plus DLD, the reference the source carries for this unit.
Sold
PARAMOUNT TOWER D · Business Bay1 / 3
PARAMOUNT TOWER D · Business Bay1 / 3
Damac · Business Bay
DISTRESS DEAL: 2-BR IN PARAMOUNT TOWER D
Asking price as listedAED 2,000,000,AED 1,319 per sq.ft
Original price + DLDAED 2,735,200
DiscountAED 735,20026.9% below original price
- Unit
- 2-BR
- Size
- 1,516 sq.ft
- Developer
- Damac
The discount is measured against the original price + DLD recorded for this unit, not against a valuation.
Sold
Listed 28 September 2026
This unit has sold. The page is kept as a record of a deal we transacted. Every figure on it — the asking price, the discount to original price and the payment schedule — is the position as listed on 28 September 2026 and is historic. It is not an indication of what the same unit, or a comparable one, would cost today.
On this page
Quick navigation
The numbers
Payment breakdown
Total cost for buyer, as listedAED 2,152,020The unit price plus the transfer fees and commission — the whole commitment, not the headline.
Unit priceAED 2,000,000
Fees and commissionAED 152,020
At transferDue at transferAED 2,152,020Payable when the unit transfers to the buyer.
- Payment to sellerAED 2,000,000
- DLD Transfer fee (4% of OP + 40 AED)AED 105,240
- Trustee Office FeeAED 4,200
- Buyer's Agency Commission (2% + VAT)AED 42,000
- Title Deed FeeAED 580
- Total on transferAED 2,152,020
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Show me deals like this oneUnit details
- Property type
- Apartment
- Floor
- High
- View
- Burj Khalifa
- Features
- Balcony
- Handover
- Ready
Photography
Gallery
Layout
Floor plan
Distress Deal
PROJECT DESCRIPTION
OVERVIEW
LOCATION & TRANSPORT
Business Bay sits immediately south of Downtown Dubai, on the far side of the Dubai Water Canal from the Burj Khalifa and Dubai Mall, which is the view this unit carries. Sheikh Zayed Road runs along the district's western edge and gives direct access north to Downtown, DIFC and the airport, and south to Dubai Marina and the wider coast. Al Khail Road runs behind the towers and connects to Al Quoz and the outer ring roads without needing to touch Sheikh Zayed Road at all. The Business Bay metro station, on the Red Line, sits within the district, and the canal promenade runs along the water for the length of the community. For a tenant working in Downtown or DIFC, this is a short commute by road, metro or, increasingly, water taxi along the canal.
AMENITIES & SURROUNDING
Damac Towers by Paramount is a four-tower complex, Towers A to D, built on a shared podium and completed in 2018, according to the Dubai Land Department's project register. Tower D itself rises to 62 storeys. The development carries the Paramount Pictures brand and combines residential floors with hotel and hospitality operations, and the podium level holds restaurants, cafes and leisure space shared across the complex. The unit itself is finished in a neutral palette throughout, with floor-to-ceiling glazing in the living room and both bedrooms, mosaic-tiled bathrooms and a fitted wardrobe wall between the master bedroom and its en-suite. Both bedrooms open onto the skyline, and the master bedroom's balcony frames the Burj Khalifa directly. The kitchen is fitted with an integrated oven, hob, extractor and washer-dryer, and the living room's own balcony carries the same skyline aspect.
MARKET
What sets this listing apart is the payment structure rather than the price alone: because the unit is titled and vacant, the buyer pays once, at transfer, with nothing outstanding to a developer and no construction risk to underwrite. Business Bay's resale market is liquid by Dubai standards, which works in a seller's favour when it comes to letting or reselling the unit again. The branded-residence positioning typically carries a service charge premium against unbranded Business Bay stock, which a buyer should weigh against the hotel-style services and the Burj Khalifa view. Both the furnished condition and the vacant status support an immediate let, so the yield calculation can start from day one rather than from a projected handover date. Damac Towers by Paramount was completed in 2018, so the building carries an established service history rather than a newly formed one, and the four-tower complex gives the branded amenities a wider base of residents to draw on than a single-tower scheme would.
CONCLUSION
This suits a buyer who wants a furnished, high-floor two-bedroom in Business Bay with an unobstructed Burj Khalifa view and no construction timeline to manage. The AED 735,200 reduction is measured against the original price plus DLD, the reference for this ready and titled unit. The single payment at transfer removes the instalment planning that an off-plan purchase would require, and the property can be inspected, valued and let from the day it changes hands. Because the asking price sits below the original price, the DLD fee is calculated on the original price rather than the asking price, which sets the AED 2,152,020 total cost at transfer.
Location
PARAMOUNT TOWER D — Business Bay, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how DISTRESS DEAL: 2-BR IN PARAMOUNT TOWER D behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
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Method
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.
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