DAMAC "Damac Paramount Towers"
DAMAC Properties · Business Bay · Dubai
SKID Score6.7 / 10
SKID Score
6.7 / 10
Worth comparing
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: supply.
- Published price
- From AED 1.14M
- Payment plan
- —
- Handover
- Sep 2018
- Available units
- 0–2 beds · Freehold
- Gross yield
- 4.6%
- Fair value
- -2.9%
- Risk
- High
- At handover
- Plan not published
SKID intelligence
How does this project compare across all 10 factors?
- Gross yield
- 4.6%
- Fair value
- -2.9%
Last evaluated: 2026-10-07
01 · Ranked
10 factors
0% total
Tap any slice or factor below to inspect how SKID weighs and verifies it.
Why SKID gave it 6.7
| Factor | Weight | Score |
|---|---|---|
Location Established prime district | 22.2% | 7.3/ 10 |
Entry price Launch is -2.9% versus median DLD sale price per sq ft in this community | 16.7% | 6.0/ 10 |
Developer 21 other catalog project(s) already past their published handover | 16.7% | 8.6/ 10 |
Supply / competition Heavy competing supply: 48 other launches in Business Bay | 11.1% | 3.6/ 10 |
Appreciation potential Community closed-sale trend is +8.0% year on year | 11.1% | 8.4/ 10 |
Rental yield Implied gross yield is 4.6% against community rents | 8.3% | 5.2/ 10 |
Delivery risk The published handover date is already in the past | 5.6% | 3.8/ 10 |
Service charges Service charge published at 22 | 2.8% | 5.5/ 10 |
Exit liquidity 3000 closed sales in the last year in this community | 5.6% | 8.6/ 10 |
Strong
- • 21 other catalog project(s) already past their published handover
- • Community closed-sale trend is +8.0% year on year
- • 3000 closed sales in the last year in this community
Watch
- • Established prime district
- • Launch is -2.9% versus median DLD sale price per sq ft in this community
Risk
- • Heavy competing supply: 48 other launches in Business Bay
- • Implied gross yield is 4.6% against community rents
- • The published handover date is already in the past
- • Service charge published at 22
🤖What the agents are saying & Did each agent do its job?Show audit details ▾
Did each agent do its job?
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation for DAMAC Properties: 8.6 / 10 from catalog delivery history. 21 other catalog project(s) already past their published handover Delivery risk 3.8 / 10. The published handover date is already in the past.
Community read for Business Bay: location 7.3 / 10, supply 3.6 / 10. Established prime district Amenities mention park Heavy competing supply: 48 other launches in Business Bay
Pricing agent: Launch is -2.9% versus median DLD sale price per sq ft in this community Service charge published at 22 3000 closed sales in the last year in this community
ROI agent: Community closed-sale trend is +8.0% year on year Implied gross yield is 4.6% against community rents
No payment plan split was published, so the payment plan did not change the SKID score.
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: supply.
What the agents are saying
News sentiment
No current news specifically about this project, developer, or community, so news did not change the SKID score.
Developer evaluation
Developer evaluation for DAMAC Properties: 8.6 / 10 from catalog delivery history. 21 other catalog project(s) already past their published handover Delivery risk 3.8 / 10. The published handover date is already in the past.
Community
Community read for Business Bay: location 7.3 / 10, supply 3.6 / 10. Established prime district Amenities mention park Heavy competing supply: 48 other launches in Business Bay
Pricing
Pricing agent: Launch is -2.9% versus median DLD sale price per sq ft in this community Service charge published at 22 3000 closed sales in the last year in this community
ROI
ROI agent: Community closed-sale trend is +8.0% year on year Implied gross yield is 4.6% against community rents
Payment plan
No payment plan split was published, so the payment plan did not change the SKID score.
Orchestrator
Worth comparing. The evidenced factors are mixed. Strongest evidenced factor: developer. Weakest: supply.
Location
Business Bay · Dubai
Recent sales nearby
| Date | Type | Price | Sq ft | AED / sq ft |
|---|---|---|---|---|
| 2026-07-07 | Ready · Apartment | AED 1.3M | 655 | 1,985 |
| 2026-07-07 | Ready · Apartment | AED 1.64M | 782 | 2,092 |
| 2026-07-07 | Off-plan · Apartment | AED 18M | 5,619 | 3,203 |
| 2026-07-07 | Off-plan · Apartment | AED 10.02M | 3,287 | 3,048 |
| 2026-07-07 | Ready · Apartment | AED 1M | 486 | 2,059 |
| 2026-07-07 | Ready · Apartment | AED 2.05M | 1,747 | 1,174 |
| 2026-07-07 | Ready · Apartment | AED 1.5M | 830 | 1,808 |
| 2026-07-07 | Off-plan · Apartment | AED 2.23M | 1,009 | 2,205 |
Closed sales in this community. These are not this tower's own contracts unless the record says so.
Available units
0–2 beds · Apartments, Hotel apartments
AED 1.14M – AED 2.01M
451 – 904 sq.ft
AED 2.17M – AED 3.04M
984 – 1,437 sq.ft
From AED 3.2M
1,517 sq.ft
From 451 sq ft / sq m as published
Service charge 22
Amenities
- Shared Pool
- Lobby
- Shared Gym & Fitness Centre
- Leisure Areas
- Social Zone
- Lift
- Recreational Areas
- Dining outlets (coffee houses & restaurants)
- Parking
- Pool Deck
- Sitting Area
- Yoga Area
- Broadband Internet
- Cinema
- Kids’ Club
- Resting Areas
Compare
DAMAC "Damac Paramount Towers"
From AED 1.14M · ★ 6.7 / 10
Questions about this launch
- Who is building DAMAC "Damac Paramount Towers"?
- DAMAC Properties is the developer named on this launch.
- When is handover for DAMAC "Damac Paramount Towers"?
- The published handover is Sep 2018.
- What is the starting price of DAMAC "Damac Paramount Towers"?
- The published starting price is AED 1.14M.
- What does the SKID screen mean for DAMAC "Damac Paramount Towers"?
- The SKID screen for this launch in Business Bay is 55 out of 100. It ranks the published payment plan, handover date, starting price, and whether a developer is named. It is not a buy signal. Run the simulation before you reserve.