Project · Transactions · 2022

Damac Towers By Paramount Property Transactions 2022

234 property sales worth ⃃ 459.31M were registered in Damac Towers By Paramount in 2022, 47.2% higher than 2021 by number of sales. The median sale price was ⃃ 1,826,635 and the median price per square foot ⃃ 1,597 (+10.0% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 234 salesUpdated: 13 Nov 2026
Property sales
234
+47.2% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 459.31M
+90.2% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 1,826,635
+37.0% vs 2021
234 sales
Median price per sq ft
⃃ 1,597
+10.0% vs 2021
234 sales

What types of property sold in Damac Towers By Paramount in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments234100%⃃ 459.31M⃃ 1,826,635⃃ 1,597

How were 2022 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)13859%⃃ 307.02M⃃ 2,111,000⃃ 1,797
Resale (secondary)9641%⃃ 152.29M⃃ 1,350,000⃃ 1,315
Ready234100%⃃ 459.31M⃃ 1,826,635⃃ 1,597

How many rental contracts were registered in Damac Towers By Paramount in 2022?

625 rental contracts (new and renewed) were registered in Damac Towers By Paramount in 2022, at a median annual rent of ⃃ 95,000 (+18.8% on 2021). Rental yields in Damac Towers By Paramount

What were the most expensive property sales in Damac Towers By Paramount in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
04/07/2022Damac Towers By Paramount PodiumApartment5,129 sq ft⃃ 14,925,390Primary · Ready
23/08/2022Damac Towers By Paramount A3 beds · Apartment2,247 sq ft⃃ 4,338,474Primary · Ready
23/08/2022Damac Towers By Paramount A3 beds · Apartment1,982 sq ft⃃ 3,828,208Primary · Ready
17/03/2022Damac Towers By Paramount D2 beds · Apartment1,746 sq ft⃃ 3,744,400Resale · Ready
14/11/2022Damac Towers By Paramount A3 beds · Apartment1,928 sq ft⃃ 3,413,340Primary · Ready
01/04/2022Damac Towers By Paramount D3 beds · Apartment2,063 sq ft⃃ 3,406,480Primary · Ready
05/07/2022Damac Towers By Paramount B3 beds · Apartment1,975 sq ft⃃ 3,350,000Resale · Ready
04/08/2022Damac Towers By Paramount B3 beds · Apartment1,747 sq ft⃃ 3,277,000Primary · Ready
03/11/2022Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 3,270,260Primary · Ready
27/07/2022Damac Towers By Paramount B2 beds · Apartment1,746 sq ft⃃ 3,217,000Primary · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
29/12/2022Damac Towers By Paramount B1 bed · Apartment1,055 sq ft⃃ 818,773Resale · Ready
29/12/2022Damac Towers By Paramount B3 beds · Apartment1,744 sq ft⃃ 1,390,248Resale · Ready
27/12/2022Damac Towers By Paramount A2 beds · Apartment1,517 sq ft⃃ 2,686,080Primary · Ready
22/12/2022Damac Towers By Paramount B2 beds · Apartment1,515 sq ft⃃ 2,797,440Primary · Ready
20/12/2022Damac Towers By Paramount CStudio · Apartment452 sq ft⃃ 1,132,000Primary · Ready
19/12/2022Damac Towers By Paramount A1 bed · Apartment1,250 sq ft⃃ 1,946,280Primary · Ready
14/12/2022Damac Towers By Paramount CStudio · Apartment637 sq ft⃃ 1,604,000Primary · Ready
14/12/2022Damac Towers By Paramount A2 beds · Apartment1,515 sq ft⃃ 2,748,000Primary · Ready
13/12/2022Damac Towers By Paramount D1 bed · Apartment1,042 sq ft⃃ 2,299,200Primary · Ready
13/12/2022Damac Towers By Paramount B2 beds · Apartment1,517 sq ft⃃ 2,870,420Primary · Ready

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 2022 with the whole of 2021.
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/2022
Damac Towers By Paramount Property Transactions 2022. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/damac-towers-by-paramount/2022

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 2022?
234 property sales worth ⃃ 459,308,148 were registered in Damac Towers By Paramount in 2022. That is 47.2% higher than 2021.
What was the median property price in Damac Towers By Paramount in 2022?
The median sale price was ⃃ 1,826,635 and the median price per square foot ⃃ 1,597 (1 Jan – 31 Dec 2022).
What share of 2022 sales in Damac Towers By Paramount were off-plan or from developers?
Developer (primary) sales were 59% of the 234 sales and resales 41%. 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/2022