Project · Transactions · 2023

Damac Towers By Paramount Property Transactions 2023

178 property sales worth ⃃ 360.73M were registered in Damac Towers By Paramount in 2023, 23.9% lower than 2022 by number of sales. The median sale price was ⃃ 2,022,720 and the median price per square foot ⃃ 1,713 (+7.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 178 salesUpdated: 13 Nov 2026
Property sales
178
−23.9% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 360.73M
−21.5% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,022,720
+10.7% vs 2022
178 sales
Median price per sq ft
⃃ 1,713
+7.2% vs 2022
178 sales

What types of property sold in Damac Towers By Paramount in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments178100%⃃ 360.73M⃃ 2,022,720⃃ 1,713

How were 2023 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)5028.1%⃃ 133.29M⃃ 2,695,490⃃ 1,861
Resale (secondary)12871.9%⃃ 227.44M⃃ 1,579,000⃃ 1,550
Ready178100%⃃ 360.73M⃃ 2,022,720⃃ 1,713

How many rental contracts were registered in Damac Towers By Paramount in 2023?

651 rental contracts (new and renewed) were registered in Damac Towers By Paramount in 2023, at a median annual rent of ⃃ 114,356 (+20.4% on 2022). Rental yields in Damac Towers By Paramount

What were the most expensive property sales in Damac Towers By Paramount in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
08/03/2023Damac Towers By Paramount C1 bed · Apartment1,580 sq ft⃃ 3,895,000Primary · Ready
05/10/2023Damac Towers By Paramount B2 beds · Apartment2,075 sq ft⃃ 3,697,000Primary · Ready
10/01/2023Damac Towers By Paramount D3 beds · Apartment2,044 sq ft⃃ 3,576,545Resale · Ready
23/08/2023Damac Towers By Paramount D3 beds · Apartment1,919 sq ft⃃ 3,432,940Resale · Ready
14/09/2023Damac Towers By Paramount A2 beds · Apartment1,746 sq ft⃃ 3,340,820Primary · Ready
14/09/2023Damac Towers By Paramount B3 beds · Apartment1,989 sq ft⃃ 3,200,000Resale · Ready
02/02/2023Damac Towers By Paramount B3 beds · Apartment2,063 sq ft⃃ 3,059,000Resale · Ready
26/10/2023Damac Towers By Paramount A3 beds · Apartment1,744 sq ft⃃ 3,050,000Resale · Ready
28/02/2023Damac Towers By Paramount D2 beds · Apartment1,517 sq ft⃃ 3,000,000Resale · Ready
29/01/2023Damac Towers By Paramount B2 beds · Apartment1,697 sq ft⃃ 2,971,360Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
19/12/2023Damac Towers By Paramount A2 beds · Apartment1,515 sq ft⃃ 2,684,220Primary · Ready
19/12/2023Damac Towers By Paramount CStudio · Apartment479 sq ft⃃ 853,000Resale · Ready
05/12/2023Damac Towers By Paramount B2 beds · Apartment1,515 sq ft⃃ 2,250,000Resale · Ready
05/12/2023Damac Towers By Paramount D1 bed · Apartment1,250 sq ft⃃ 2,232,000Primary · Ready
24/11/2023Damac Towers By Paramount D1 bed · Apartment929 sq ft⃃ 1,002,000Resale · Ready
21/11/2023Damac Towers By Paramount D1 bed · Apartment929 sq ft⃃ 1,440,000Resale · Ready
20/11/2023Damac Towers By Paramount D1 bed · Apartment939 sq ft⃃ 1,450,000Resale · Ready
16/11/2023Damac Towers By Paramount CStudio · Apartment492 sq ft⃃ 800,000Resale · Ready
14/11/2023Damac Towers By Paramount D2 beds · Apartment1,388 sq ft⃃ 2,125,000Resale · Ready
13/11/2023Damac Towers By Paramount B1 bed · Apartment929 sq ft⃃ 1,575,000Resale · 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 2023 with the whole of 2022.
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/2023
Damac Towers By Paramount Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/damac-towers-by-paramount/2023

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 2023?
178 property sales worth ⃃ 360,733,079 were registered in Damac Towers By Paramount in 2023. That is 23.9% lower than 2022.
What was the median property price in Damac Towers By Paramount in 2023?
The median sale price was ⃃ 2,022,720 and the median price per square foot ⃃ 1,713 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Damac Towers By Paramount were off-plan or from developers?
Developer (primary) sales were 28.1% of the 178 sales and resales 71.9%. 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/2023