1-bedroom apartment for sale in DAMAC Towers by Paramount Tower A, Business Bay, Dubai — 1,250 sq.ft. on a high floor, fully furnished, offered as a distress sale at AED 1,700,000, which is approximately AED 1,360 per sq.ft.
Rich Property Real Estate Brokerages LLC presents this unusually large one-bedroom residence. At 1,250 sq.ft. it is closer in size to a typical two-bedroom apartment in Business Bay, which is the main reason to look at it: the price per square foot is low for the area and the layout gives genuine room for separate living, dining and working areas. The property is freehold and mortgage financing is available.
The tower offers a swimming pool, a 24-hour concierge, a kids’ play area, a barbecue area, a prayer room, a staffed lobby and reception, CCTV, central air conditioning, double-glazed windows and satellite and cable television. The apartment has a balcony and terrace, and pets are allowed.
Business Bay sits directly beside Downtown Dubai along the Dubai Canal, mixing residential towers, offices and hotels. Dubai Mall and Burj Khalifa are a short drive away, Business Bay metro station serves the district, and Sheikh Zayed Road and Al Khail Road give access across the city. It is one of the highest-turnover rental areas in Dubai, so one-bedroom apartments here are typically bought for a mix of personal use and letting.
To review the asking price, the service charge, purchase terms or to arrange a viewing of this DAMAC Paramount Tower A apartment, contact Rich Property Real Estate Brokerages LLC on +971 56 887 7078 or invest@richproperty.ae.
Damac Towers by Paramount Hotel & Resort Tower A
Map shows the building or area from the listing address. Contact our team to confirm the viewing location.
Updated 18 Oct 2026 · Verified by Rich Property, DLD-licensed
Business Bay at a glance
In Business Bay, this ready 1-bedroom apartment in Damac Towers by Paramount Hotel & Resort Tower A is listed at AED 1,700,000 (AED 1,360 per sq ft). Business Bay is the high-density district directly behind Downtown Dubai, wrapped around the Dubai Water Canal. Read the Business Bay area guide.
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Recent DLD sales: 1 B/R apartments in Business Bay
Median registered price AED 2,092 / sq ft across 747 sales in the last 180 days. This listing is asking AED 1,360 / sq ft (-35% versus that median; registered prices lag asking prices and exclude furnishing, floor and view).
| Date | Project | Beds | Size | Price | AED/sq ft | Type |
|---|---|---|---|---|---|---|
| 02 Nov 2026 | DAMAC TOWERS BY PARAMOUNT | 1 B/R | 929 sq ft | AED 1,878,720 | 2,022 | Ready |
| 30 Oct 2026 | Binghatti Aquarise | 1 B/R | 832 sq ft | AED 2,000,000 | 2,405 | Off-plan |
| 30 Oct 2026 | Binghatti Aquarise | 1 B/R | 823 sq ft | AED 2,000,000 | 2,431 | Off-plan |
| 30 Oct 2026 | Urban Life | 1 B/R | 1,045 sq ft | AED 2,327,500 | 2,228 | Off-plan |
| 30 Oct 2026 | One by Binghatti | 1 B/R | 767 sq ft | AED 2,008,499 | 2,617 | Off-plan |
| 30 Oct 2026 | The EDGE | 1 B/R | 696 sq ft | AED 1,450,000 | 2,083 | Ready |
| 30 Oct 2026 | CHURCHILL TOWER | 1 B/R | 782 sq ft | AED 1,160,000 | 1,483 | Ready |
| 30 Oct 2026 | URBAN OASIS | 1 B/R | 774 sq ft | AED 1,350,000 | 1,744 | Ready |
Source: Dubai Land Department open data (registered sales, Dubai Open Data Licence), last updated 02 Nov 2026. Registered prices are not asking prices; figures are aggregates and contain no personal data.
All Business Bay sold prices and the latest 50 transactions →