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Damac Towers By Paramount rent: what tenants really pay
Rent in Damac Towers By Paramount, Business Bay: 1-bed AED 95,000, 2-bed AED 140,000, 3-bed AED 180,000 a year. These are medians of 472 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 102, against AED 115 across Business Bay. About 8 homes here are advertised for rent now.
Updated 21 Oct 2026 · Source: Dubai Land Department Ejari leases and listing-site adverts · Method
“Damac Towers By Paramount: value at AED 102 a sq ft against the Business Bay median of 115. Ask the agent what the last tenant signed, then use the table below.”
Know the rent before you sign
What tenants in this building really paid, what landlords ask, and how hard to push.
What the leases say about Damac Towers By Paramount
- Per sq ft, a 1-bed here costs 11% less than the Business Bay median: AED 102 against AED 115. It is number 26 of 70 Business Bay buildings, cheapest first.
- Homes here are bigger than usual. The median 1-bed here is 944 sq ft. That is 17% above the Business Bay median of 808 sq ft.
- New 1-bed tenants pay AED 95,000, renewing tenants AED 100,000. For the same home, renewing is more expensive than moving in: a new tenant pays 8% less.
- New-lease rent per sq ft fell 12% on the year, to AED 96 a sq ft.
- About 8 homes are advertised for rent against 472 leases signed in a year: little on the market, so expect less room to negotiate.
- 82 leases end in the next 60 days, so more homes may become available soon.
Rent in Damac Towers By Paramount by bedrooms
AED a year, medians. Signed: Ejari leases 16 Oct 2025–15 Oct 2026. Asking: adverts on 16 Oct 2026, matched by building name.
| Home | New lease | Renewal | Asking | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|---|---|
| 1-bed | 95,000 | 100,000 | – | 944 | 102 | 252 |
| 2-bed | 140,000 | 150,000 | – | 1,514 | 99 | 129 |
| 3-bed | 180,000 | 192,500 | – | 1,747 | 97 | 91 |
Where Damac Towers By Paramount is, and the buildings around it
We do not hold the exact position of Damac Towers By Paramount yet; the map shows Business Bay.
Click a building to see its rents. Rents shown are median new leases, 16 Oct 2025–15 Oct 2026.
Finding
A new 1-bed tenant in Damac Towers By Paramount pays 8% less than a renewing one for the same home.
New lease against renewal: same building, same bedrooms, size within 15%
- For a 1-bed in this building, new tenants pay less than renewing tenants.
- If you renew, ask for the new-lease price.
- The renewal figure shows what the landlord accepts from tenants he wants to keep.
- Renew or move →
Finding
New-lease rent per sq ft in Damac Towers By Paramount fell 12% on the year.
Median new lease, AED a sq ft, by quarter
AED 96 a sq ft in the 12 months to 15 Oct 2026, against AED 108 the year before. Quarters with fewer than 10 new leases are left out of the chart.
Supply
82 leases in Damac Towers By Paramount end in the next 60 days.
Leases ending soon: homes that may become available
Some will renew, some will come back to the market. More homes free means more room to negotiate. Ask agents about units with a lease ending soon.
Compare: other Business Bay buildings, 1-bed
| Building | New lease | Size sq ft | AED / sq ft | Leases |
|---|---|---|---|---|
| The Paragon By Igo | 95,000 | 675 | 129 | 127 |
| Sol Bay | 95,000 | 858 | 102 | 90 |
| Luxury Family Residence II | 95,000 | 627 | 152 | 61 |
| Peninsula Two | 95,000 | 664 | 149 | 59 |
| Royal Regency | 95,000 | 970 | 103 | 57 |
| 15 Northside | 96,000 | 639 | 157 | 95 |
| The Atria | 93,000 | 892 | 104 | 53 |
| Mag 318 | 92,500 | 872 | 122 | 45 |
Buying in Business Bay? Sale prices, every tower, resale and off-plan: Business Bay on BUY DUBAI →
Questions
How much is rent in Damac Towers By Paramount?
Rent in Damac Towers By Paramount, Business Bay: 1-bed AED 95,000, 2-bed AED 140,000, 3-bed AED 180,000 a year. These are medians of 472 Ejari leases signed 16 Oct 2025–15 Oct 2026. Per sq ft, a 1-bed here is AED 102, against AED 115 across Business Bay. About 8 homes here are advertised for rent now.
How much is a 1 bedroom in Damac Towers By Paramount?
The median rent for a new 1-bed lease in Damac Towers By Paramount is AED 95,000 a year (AED 7,917 a month). The median size is 944 sq ft. This is from 172 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 2 bedroom in Damac Towers By Paramount?
The median rent for a new 2-bed lease in Damac Towers By Paramount is AED 140,000 a year (AED 11,667 a month). The median size is 1,514 sq ft. This is from 94 new leases, 16 Oct 2025–15 Oct 2026.
How much is a 3 bedroom in Damac Towers By Paramount?
The median rent for a new 3-bed lease in Damac Towers By Paramount is AED 180,000 a year (AED 15,000 a month). The median size is 1,747 sq ft. This is from 72 new leases, 16 Oct 2025–15 Oct 2026.
Is it cheaper to renew or move in Damac Towers By Paramount?
For a 1-bed, new tenants pay a median AED 95,000 and renewing tenants AED 100,000. For the same home, a new tenant pays 8% less.
Is rent going up in Damac Towers By Paramount?
Rent per sq ft on new leases in Damac Towers By Paramount: AED 96 in the 12 months to 15 Oct 2026, against AED 108 the year before.
What are the alternatives to Damac Towers By Paramount in Business Bay?
Similar rent for a 1-bed: The Paragon By Igo AED 95,000, Sol Bay AED 95,000, Luxury Family Residence II AED 95,000, Peninsula Two AED 95,000.
How we worked it out, and the limits
Updated 21 Oct 2026. Source: Dubai Land Department Ejari rent contracts. We use homes only, one unit for each contract, starting 16 Oct 2025–15 Oct 2026. "New" is a new tenant or a new contract. "Renewal" is the same contract, renewed. Bedrooms come from the Ejari unit type. "3 bed" means 3 or more. Every rent is a median: half the leases are above it. A figure needs 10 or more leases. A page needs 30 or more.
This building. Leases are matched by the Ejari project name "DAMAC TOWERS BY PARAMOUNT". 472 leases 16 Oct 2025–15 Oct 2026, 338 new. First leases in our records: 2024. Adverts are matched by name and may include a neighbouring building.
Full method: What the leases say → · Checking a rent rise? Rent increase calculator →
Sale prices, resale and off-plan, tower facts and developer photos: BUY DUBAI, our sister site for buyers. Rents: Dubai Land Department Ejari leases.