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DAMAC Towers by Paramount Business BayReady

DAMAC Towers by Paramount, Business Bay

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HIGHLIGHTS

About DAMAC Towers by Paramount Hotels & Resorts

DAMAC Towers by Paramount is a mixed-use complex in Business Bay. Its four 55-storey towers are connected by an 8-level podium which comprises various retail outlets. The three residential towers of the complex offer studio, 1, 2 and 3-bedroom apartments, whereas the hotel tower offers luxurious suites. The complex offers facilities like fitness, dining, self-care and leisure options.

DAMAC Towers by Paramount Dubai
DAMAC Towers by Paramount Hotels is a grand complex featuring four towers

Business Bay is one of the most popular areas of Dubai. It is centrally located and comprises various high-rise residential, commercial and hotel towers. The area also provides easy access to important amenities like shopping, dining, leisure, education and healthcare facilities, while travelling is convenient using Sheikh Zayed Road and Al Khail Road.

Fitness options in DAMAC Towers by Paramount include a gymnasium, swimming pool, steam rooms, saunas and a luxury spa facility. The complex has a magnificent lobby, play area for kids and meeting rooms. The retail area features a café, bar, coffee house, supermarket, multiple restaurants and salons for men and women.

In a Nutshell

  • Type of building: Residential and Hotel
  • Location: Business Bay
  • Developer: DAMAC Properties
  • Date of completion: 2019
  • Number of floors: 63
  • Number of units: 1200
  • Unit type: Studio, 1, 2 and 3-bedroom apartments
  • Type of ownership: Freehold
  • Amenities: Gymnasium, swimming pool, spa, saunas, steam rooms, restaurants, bars, lounges, meeting facilities, screening room, play area for kids, supermarket, salons for men and women, valet parking, CCTV security
business

BUILDING DETAILS

Facilities in DAMAC Towers by Paramount Dubai 

PARKING

Residents will find covered parking in DAMAC Towers by Paramount Dubai along with valet services.

ELEVATORS

There are high-speed elevators in DAMAC Towers by Paramount Hotels & Resorts.

SECURITY, CENTRAL AIR-CONDITIONING AND MAINTENANCE SERVICES

Security staff is equipped with a CCTV system to ensure the safety of residents and their properties. Hotel and maintenance staff is also present to maintain the building’s condition and deliver all the services.

EVENT SPACE

There is a dedicated area for events and meetings.

GYM AND FITNESS FACILITIES 

Fitness enthusiasts will find a fully-equipped gym in DAMAC Towers by Paramount Dubai along with other facilities. The complex has a swimming pool, saunas, steam rooms and a spa facility.

LIFESTYLE AMENITIES

There are several restaurants, bars and lounges where residents can go for meals and beverages. The screening room and play area for kids ensure leisure options for all.

CONCIERGE AND GUEST SERVICES 

The concierge staff welcomes guests and visitors to the hotel’s magnificent lobby.

DAMAC Towers by Paramount Floor Plans 

Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing DAMAC Towers by Paramount Floor Plans.

Apartment Types in DAMAC Towers by Paramount Hotels & Resorts

The residential towers in DAMAC Towers by Paramount Dubai offer studio, 1, 2 and 3-bedroom serviced apartments for rent and sale. The fourth tower is a hotel offering 800 rooms.

Hotel apartments for rent in DAMAC Towers by Paramount offer luxurious living, with quality furnishings and equipment for kitchen, bed and bath. Investors can consider buying hotel apartments in DAMAC Towers by Paramount for rental income.

These are among your top choices if looking to rent hotel apartments in Business Bay. The area offers a wide range of options for those interested in buying hotel apartments in Business Bay.

STUDIO APARTMENTS IN DAMAC TOWERS BY PARAMOUNT

Studio apartments in DAMAC Towers by Paramount Hotels & Resorts have covered areas ranging from 430 sq. ft. to 637 sq. ft. The units include a bathroom, kitchen and floor to ceiling windows offering beautiful views of the surroundings.

1-BEDROOM APARTMENTS IN DAMAC TOWERS BY PARAMOUNT 

1-bedroom apartments in DAMAC Towers by Paramount Hotels & Resorts have covered areas ranging from 841 sq. ft. to 1,571 sq. ft. These apartments have two bathrooms, a living/dining area, a kitchen and a balcony. Some units come with an external garden.

2-BEDROOM APARTMENTS IN DAMAC TOWERS BY PARAMOUNT

2-bedroom apartments in DAMAC Towers by Paramount have covered areas between 1,112 sq. ft. to 1,587 sq. ft. These apartments have three bathrooms, a living/dining area, a kitchen and a balcony. Some units also come with two balconies.

3-BEDROOM APARTMENTS IN DAMAC TOWERS BY PARAMOUNT

3-bedroom apartments in DAMAC Paramount Tower Business Bay have covered areas around 1,557 sq. ft. to 2,028 sq. ft. These units have four bathrooms, a living/dining area, a kitchen and two balconies.

Studio
1-Bed
2-Bed
3-Bed
0%20%40%60%80%100%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 5 hours ago

According to Bayut, 1-bed apartments in DAMAC Towers by Paramount Hotels and Resorts enjoy the highest popularity. They are followed by 2-bedroom flats in the second spot. 3-bedroom flats take up the third position on the list. Studio apartments rank in the fourth position.

Rental Trends in DAMAC Towers by Paramount Business Bay

Apartment TypeAverage Rental Price in AED
1-Bed126,500
2-Bed160,500
3-Bed227,000
Based on property listings on Bayut.com over the last 12 months. Last updated 5 hours ago
RAMADAN OFFER : 1 DAY FREE | Luxurious 1 BR in DAMAC TOWERS BY PARAMOUNT
AED13,999Monthly
beds
1
baths
2
area
940 sqft
RAMADAN OFFER : 1 DAY FREE | Luxurious 1 BR in DAMAC TOWERS BY PARAMOUNTTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Luxury 2BR | Fully Furnished | Damac Tower by Paramount |6106
AED17,000Monthly
beds
2
baths
2
area
1,516 sqft
Luxury 2BR | Fully Furnished | Damac Tower by Paramount |6106Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Big Layout | Full Burj View | Unique Layout
AED190,000Yearly
beds
2
baths
2
area
1,393 sqft
Big Layout | Full Burj View | Unique LayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
1 Bedroom | Fully Furnished | Burj Khalifa View
AED130,000Yearly
beds
1
baths
2
area
951 sqft
1 Bedroom | Fully Furnished | Burj Khalifa ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Furnished | Full Burj View | Unique Layout
AED175,000Yearly
beds
2
baths
2
area
1,394 sqft
Furnished | Full Burj View | Unique LayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Burj view creek view downtown view
AED130,000Yearly
beds
1
baths
2
area
929 sqft
Burj view creek view downtown viewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Burj Khalifa View | Luxurious 1 BR | Prime Location | All Bills Incl.
AED11,999Monthly
beds
1
baths
2
area
939 sqft
Burj Khalifa View | Luxurious 1 BR | Prime Location | All Bills Incl.Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Exclusive | Vacant | Spacious 3BR Apt | Furnished | Canal View
AED170,000Yearly
beds
3
baths
3
area
1,747 sqft
Exclusive | Vacant | Spacious 3BR Apt | Furnished | Canal ViewTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
LUXURIOUS  2BR IN  BUSINESS BAY | PARAMOUNT | NEAR DOWNTOWN
AED16,999Monthly
beds
2
baths
2
area
1,515 sqft
LUXURIOUS 2BR IN BUSINESS BAY | PARAMOUNT | NEAR DOWNTOWNTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Brandnew | High Floor | Exclusive listing
AED159,980Yearly
beds
2
baths
3
area
1,514 sqft
Brandnew | High Floor | Exclusive listingTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Fully Furnished | Vacant | Community View
AED120,000Yearly
beds
1
baths
2
area
939 sqft
Fully Furnished | Vacant | Community ViewTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Furnished | Two Bedrooms | Vacant unit
AED155,000Yearly
beds
2
baths
3
area
1,571 sqft
Furnished | Two Bedrooms | Vacant unitTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
Well Maintained | High Floor | Spacious
AED109,800Yearly
beds
1
baths
2
area
940 sqft
Well Maintained | High Floor | SpaciousTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
High Floor | Fully Furnished | Stunning View
AED21,000Monthly
beds
3
baths
3
area
1,743 sqft
High Floor | Fully Furnished | Stunning ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Furnished Modern Unit |  Spacious | 4 Cheques
AED163,000Yearly
beds
2
baths
3
area
1,441 sqft
Furnished Modern Unit | Spacious | 4 ChequesTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
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Sales Trends in DAMAC Towers by Paramount

Apartment TypeAverage Sales Price in AED
Studio1,008,000
1-Bed1,777,500
2-Bed2,428,000
3-Bed3,478,000
Based on property listings on Bayut.com over the last 12 months. Last updated 5 hours ago
Below Original Price I Motivated Seller I Urgent
AED750,000
beds
Studio
baths
1
area
485 sqft
Below Original Price I Motivated Seller I UrgentTower C, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
VOT | Burj Khalifa View | Big Layout | High Floor
AED2,799,900
beds
2
baths
3
area
1,388 sqft
VOT | Burj Khalifa View | Big Layout | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Bespoke Luxury Furnished Brand New 2 Bed Oasis | Upper Floors | Prime Locale, Vacant
AED2,100,000
beds
2
baths
3
area
1,394 sqft
Bespoke Luxury Furnished Brand New 2 Bed Oasis | Upper Floors | Prime Locale, VacantTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
1 BR | Burj Khalifa | Furnished | Vacant
AED1,900,000
beds
1
baths
2
area
951 sqft
1 BR | Burj Khalifa | Furnished | VacantTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
HIGH FLOOR | FULLY FURNISHED | LUXURY APARTMENT
AED1,700,000
beds
1
baths
2
area
942 sqft
HIGH FLOOR | FULLY FURNISHED | LUXURY APARTMENTTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Park and City Views | Ready | Furnished | 3BHK
AED3,400,000
beds
3
baths
3
area
1,813 sqft
Park and City Views | Ready | Furnished | 3BHKTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Fully Furnished 1BR | High Floor | Move-in-Ready
AED1,550,000
beds
1
baths
2
area
928 sqft
Fully Furnished 1BR | High Floor | Move-in-ReadyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Palatial | dazzling | embellished
AED1,980,000
beds
1
baths
2
area
928 sqft
Palatial | dazzling | embellishedTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
Vacant | Fully furnished | Burj Khalifa View
AED3,600,000
beds
3
baths
3
area
1,743 sqft
Vacant | Fully furnished | Burj Khalifa ViewTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
Burj Khalifa View | Fully Furnished | Best Layout
AED3,000,000
beds
3
baths
3
area
1,745 sqft
Burj Khalifa View | Fully Furnished | Best LayoutTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
MOTIVATED SELLER / VACANT 1BR / BIG LAYOUT
AED1,600,000
beds
1
baths
2
area
987 sqft
MOTIVATED SELLER / VACANT 1BR / BIG LAYOUTTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
High Floor | Great  Layout | Beautifully Furnished
AED2,300,000
beds
2
baths
3
area
1,394 sqft
High Floor | Great Layout | Beautifully FurnishedTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
Capacious || Luminous || Exceptional
AED1,600,000
beds
1
baths
2
area
939 sqft
Capacious || Luminous || ExceptionalTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
Fully Furnished | High Floor | Vacant
AED1,500,000
beds
1
baths
2
area
939 sqft
Fully Furnished | High Floor | VacantTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
Vacant | Furnished | Ready To Go Now
AED1,699,500
beds
1
baths
2
area
929 sqft
Vacant | Furnished | Ready To Go NowTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
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Rental Yield in DAMAC Towers by Paramount Business Bay

1-Bed
2-Bed
3-Bed
0%4%8%12%16%20%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 5 hours ago

3-bedroom flats offer the highest ROI in DAMAC Towers by Paramount Hotels and Resorts of 14.96%. 1-bed apartments generate about 7.16% return on investment. 2-bedroom flats offer an ROI of about 7.08%.

Dubai Transactions
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NEARBY AMENITIES 

Transportation near DAMAC Towers by Paramount 

Sheikh Zayed Road, the most important road in the city, is about a 13-minute drive away. One can also get to Al Khail Road within 5 minutes. Both these highways allow residents to travel around Dubai using private vehicles conveniently. Those relying on public transportation near DAMAC Towers by Paramount can use taxis, buses and metro.

BUS STATIONS NEAR DAMAC TOWERS BY PARAMOUNT

Business Bay 2 Bus Stop is a 15-minute walk from DAMAC Paramount Tower Business Bay. It is serviced by buses 26, F19A, F19B and F14.

METRO STATIONS NEAR DAMAC TOWERS BY PARAMOUNT

The nearest option to use Dubai Metro is the Business Bay Metro Station about a 14-minute drive away.

Business Bay Metro Station near DAMAC Towers by Paramount Location
Business Bay Metro Station

Restaurants near DAMAC Towers by Paramount

Cafes and Restaurants in DAMAC Towers by Paramount Hotels & Resorts Dubai include:

  • Pacific Groove
  • The Stage
  • Craft Table
  • L Lounge

Along with these, one can find bars and lounges at the hotel including Chill Shisha, Malibu Deck and Flashback Speakeasy. For more options, one can head to these restaurants in Business Bay:

  • Sandwichy Restaurant
  • Wing Stop
  • Galito’s
  • My Square
  • Sizzling Grill

All these restaurants near DAMAC Towers by Paramount are reachable within 5 minutes. One can enjoy cuisines like American, Arabic, Italian and others in the area.

Supermarkets near DAMAC Towers by Paramount

F Mart Supermarket is located on the ground floor, offering a convenient shopping option. One can also shop at the following supermarkets near DAMAC Towers by Paramount Hotels & Resorts Dubai:

  • Spinneys
  • Choithrams
  • 8 Eight Supermarket

All these are within 10 minutes from the complex. Spinneys and Choithrams are counted among the top supermarkets in Dubai.

Schools and Nurseries near DAMAC Towers by Paramount

  • Jumeirah International Nursery Dubai
  • City School Holding International
  • Learning Tree Nursery

Jumeirah International Nursery Dubai and City School Holding International are about 8 and 10 minutes away from the building, respectively. Little Tree Nursery is also present nearby, reachable within 13 minutes from DAMAC Towers by Paramount Hotels & Resorts Dubai.

Nearby Buildings

All these buildings are located close to DAMAC Towers by Paramount Business Bay. Those interested in living in Business Bay will find a wide variety of apartments for rent and sale in these towers.

Major Landmarks

  • The Dubai Mall
  • Burj Khalifa
  • Dubai Opera

The Dubai Mall offers an ideal shopping option with a wide range of choices. It is one of the best malls in Dubai and offers several dining and entertainment options as well. One can get to it in about 10 minutes.

The Dubai Mall near DAMAC Towers by Paramount Hotels & Resorts
The Dubai Mall from the outside

Burj Khalifa is one of the most iconic structures in the city. It is flocked by visitors who get to enjoy various dining and leisure options at the venue. It is about 12 minutes from DAMAC Towers by Paramount Business Bay.

Dubai Opera is the place to go for arts and music lovers. It offers performances of top artists from around the world. It is also reachable in about 12 minutes.

Things to Consider

DAMAC Towers by Paramount Business Bay offers a luxurious lifestyle with a good set of facilities and nearby amenities. Although the nearest metro station is over 10 minutes away, residents will find a bus stop within walking distance along with taxis.

FAQs

DO DAMAC TOWERS BY PARAMOUNT HAVE FLOOR PLANS?

The floor plans for DAMAC Towers by Paramount are available on the Bayut website.

WHAT ARE THE APARTMENT TYPES IN DAMAC TOWERS BY PARAMOUNT?

DAMAC Towers by Paramount offers studio, 1, 2 and 3-bedroom units.

WHERE IS DAMAC TOWERS BY PARAMOUNT LOCATION?

DAMAC Towers by Paramount location is in Business Bay.

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