Bayut - ASC-02276.

Tenanted 1BR | 5.7% Yield | Paramount Branded

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AED1,750,000

Est. Payment AED 7.2K/mo

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Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai

1 Bed

1 Bath

929 sqft

Tenanted 1BR | 5.7% Yield | Paramount Branded

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

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