Project · Transactions · 2018

Damac Towers By Paramount Property Transactions 2018

70 property sales worth ⃃ 159.81M were registered in Damac Towers By Paramount in 2018, 48.1% lower than 2017 by number of sales. The median sale price was ⃃ 2,144,225 and the median price per square foot ⃃ 2,134 (−1.4% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 70 salesUpdated: 12 Nov 2026
Property sales
70
−48.1% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 159.81M
−47.4% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 2,144,225
+3.3% vs 2017
70 sales
Median price per sq ft
⃃ 2,134
−1.4% vs 2017
70 sales

What types of property sold in Damac Towers By Paramount in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments70100%⃃ 159.81M⃃ 2,144,225⃃ 2,134

How were 2018 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)5984.3%⃃ 143.95M⃃ 2,172,450⃃ 2,188
Resale (secondary)1115.7%⃃ 15.87M⃃ 1,325,000⃃ 1,410
Off-plan6491.4%⃃ 149.73M⃃ 2,154,500⃃ 2,141
Ready68.6%⃃ 10.09M⃃ 1,550,000⃃ 1,563

How many rental contracts were registered in Damac Towers By Paramount in 2018?

5 rental contracts (new and renewed) were registered in Damac Towers By Paramount in 2018, at a median annual rent of ⃃ 140,000. Rental yields in Damac Towers By Paramount

What were the most expensive property sales in Damac Towers By Paramount in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
10/09/2018Damac Towers By Paramount B3 beds · Apartment1,968 sq ft⃃ 4,083,156Primary · Off-plan
15/07/2018Damac Towers By Paramount B3 beds · Apartment2,033 sq ft⃃ 4,055,667Primary · Off-plan
01/10/2018Damac Towers By Paramount B3 beds · Apartment1,997 sq ft⃃ 3,950,100Primary · Off-plan
25/06/2018Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,815,427Primary · Off-plan
20/05/2018Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,699,581Primary · Off-plan
27/08/2018Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,661,508Primary · Off-plan
01/10/2018Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,593,100Primary · Off-plan
10/09/2018Damac Towers By Paramount B3 beds · Apartment1,747 sq ft⃃ 3,575,000Primary · Off-plan
10/09/2018Damac Towers By Paramount B3 beds · Apartment1,747 sq ft⃃ 3,575,000Primary · Off-plan
06/09/2018Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,422,000Primary · Off-plan

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
18/12/2018Damac Towers By Paramount B1 bed · Apartment929 sq ft⃃ 1,500,000Resale · Ready
14/11/2018Damac Towers By Paramount B1 bed · Apartment929 sq ft⃃ 2,065,840Primary · Ready
13/11/2018Damac Towers By Paramount A1 bed · Apartment943 sq ft⃃ 2,196,000Primary · Ready
11/11/2018Damac Towers By Paramount A1 bed · Apartment940 sq ft⃃ 1,325,000Resale · Ready
31/10/2018Damac Towers By Paramount C1 bed · Apartment1,059 sq ft⃃ 1,600,000Resale · Ready
30/10/2018Damac Towers By Paramount B1 bed · Apartment971 sq ft⃃ 1,400,000Resale · Ready
11/10/2018Damac Towers By Paramount D1 bed · Apartment939 sq ft⃃ 1,150,000Resale · Off-plan
09/10/2018Damac Towers By Paramount C1 bed · Apartment1,123 sq ft⃃ 2,498,832Primary · Off-plan
09/10/2018Damac Towers By Paramount B1 bed · Apartment1,055 sq ft⃃ 2,233,920Primary · Off-plan
01/10/2018Damac Towers By Paramount B2 beds · Apartment1,517 sq ft⃃ 3,131,100Primary · Off-plan

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2018 with the whole of 2017.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/damac-towers-by-paramount/2018
Damac Towers By Paramount Property Transactions 2018. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/damac-towers-by-paramount/2018

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Damac Towers By Paramount in 2018?
70 property sales worth ⃃ 159,814,475 were registered in Damac Towers By Paramount in 2018. That is 48.1% lower than 2017.
What was the median property price in Damac Towers By Paramount in 2018?
The median sale price was ⃃ 2,144,225 and the median price per square foot ⃃ 2,134 (1 Jan – 31 Dec 2018).
What share of 2018 sales in Damac Towers By Paramount were off-plan or from developers?
Developer (primary) sales were 84.3% of the 70 sales and resales 15.7%. Off-plan units made up 91.4% and ready units 8.6%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/damac-towers-by-paramount/2018