Tenanted 1BR | 5.7% Yield | Paramount Branded

Type

Apartment

Purpose

Sale

Furnishing

Furnished

Average Rent

AED 100,362 Yearly

Updated

22nd July 2026

Completion Status

Ready

Presenting a rented 1-bedroom apartment in the iconic DAMAC Towers by Paramount Hotels & Resorts — one of Business Bay's most recognisable branded residences, offering an excellent income-generating opportunity for investors.

Unit Highlights:

• 1 Bedroom,
• 1 Bathroom
• Total Area: 928.93 sq ft (Suite: 760 sq ft + Balcony: 169 sq ft)
• High floor — Floor 12
• Tenanted until October — current rent AED 100,000/year
• 1 dedicated covered parking space
• Freehold ownership

Investment Snapshot:

• Purchase Price: AED 1,750,000
• Current Rental Income: AED 100,000/year
• Gross Yield: ~5.7%
• Immediate rental income from day one of ownership

Building & Location:

DAMAC Towers by Paramount is a Hollywood-inspired, hotel-branded residential and hospitality complex in Business Bay, offering residents access to five-star amenities including a temperature-controlled pool, fully equipped gymnasium, spa facilities, and a selection of on-site restaurants and cafés.

Perfectly positioned just minutes from Downtown Dubai, Burj Khalifa, The Dubai Mall, and the Dubai Water Canal, with easy access to Sheikh Zayed Road, Al Khail Road, and Business Bay Metro Station.

Why This Unit:

• Tenanted with steady in-place income
• Branded hotel residence with strong rental & resale appeal
• Competitively priced for the building and size
• High-floor unit in a landmark Business Bay address

Call now for more details.

Posted on: 22nd July 2026