Burj Daman

Burj Daman (Buildings By Daman) is a mixed-use tower complex consisting of residential and commercial towers located in DIFC. Construction began in 2006 and was completed in 2013. The first 65-storey tower has luxury apartments with one, two, and three-bedroom floor plans. The second tower has offices and commercial real estate. Developed by Perkins & Will, Burj Daman covers an area of 20,438 sq. m. (220,000 sq. ft.) in DIFC. The area is Dubai’s commercial business district and is considered the leading financial centre of Africa, the Middle East, and South Asia.

This multi-functional tower complex is equipped with all of the necessary amenities for a comfortable stay. Residents can take advantage of a mega-parking lot, which is designed to accommodate 2,360 vehicles with 24-hour attendants.

The annual rental costs for an apartment start at AED 79,000 (USD 21,500), and units range in size from 82 sq. m. (882 sq. ft.) to 121 sq. m. (1,300 sq. ft.). The asking price for a one-bedroom apartment starts at AED 1,200,000 (USD 327,000). For more pricing information, please contact Metropolitan Premium Properties.

The average annual rental cost for a one-bedroom apartment at Burj Daman (Buildings By Daman) is AED 80,000 (USD 22,000).

The return on investment rate for this type of property is approximately 5.7%. Thus, the estimated annual net profit, including 5% VAT, is AED 76,000 (USD 21,000).