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 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
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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.
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.
MOST POPULAR APARTMENT TYPES IN DAMAC TOWERS BY PARAMOUNT
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 10 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 and 3-bedroom flats in the second spot. Studio apartments take up the third position on the list.
Rental Trends in DAMAC Towers by Paramount Business Bay
1,388 sqftLuxurious Unit | Business Bay | Fully Furnished | 2 BedroomTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED15,500Monthly
1
1
929 sqftFurnished | Amazing View | Close To Dubai MallTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED209,999Yearly
3
3
1,745 sqftBurj Khalifa View | Modern Style | High FloorTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED17,000Monthly
1
2
1,055 sqftLuxurious Unit | Business Bay | Fully FurnishedTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED15,000Monthly
1
1
1,055 sqftBurj Khalifa View | Fully Furnished | All bills includedTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED125,000Yearly
1
2
939 sqftOpen View - Large Layout Furnished - High FloorTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED25,999Monthly
3
2
1,747 sqftAmazing 3BR, Damac Paramount, Business BayTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED120,000Yearly
1
2
1,055 sqftHigh Floor | Partial Burj View | Good FurnishingsTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED210,000Yearly
3
3
1,744 sqftMODERN LAYOUT | HIGH FLOOR | CREEK VIEWTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED14,499Monthly
1
2
939 sqftSophisticated Living: Like Home's 1 BHK with Burj ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED15,999Monthly
1
2
1,462 sqftBIGGEST LAYOUT 1BR | All Bills CoveredTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED200,000Yearly
3
3
1,747 sqftMODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED120,000Yearly
1
2
962 sqftPREMIUM AND SPACIOUS | FURNISHED | BURJ VIEWTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED175,000Yearly
2
3
1,632 sqftSpacious | Furnished | Prime LocationTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED120,000Yearly
1
2
965 sqftFurnished | Great Location | Ready to moveTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
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929 sqftDISTRESSED INVESTOR DEAL | BURJ KHALIFA VIEWTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,500,000
1
2
1,055 sqftHIgh Floor | Great ROI | Branded TowerTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED1,569,000
1
2
1,055 sqftPREMIUM BIGGEST LAYOUT | INVESTOR DEALTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED3,050,000
3
4
1,982 sqftReady to move | High Floor | Canal View | SpaciousTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED2,319,000
2
3
1,394 sqftLUXURIOUS | FULLY FURNISHED | BURJ KHALIFA VIEWTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,579,000
1
2
939 sqftINVESTOR DEAL | BURJ VIEW | WELL MAINTAINEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,485,000
1
2
939 sqftVacant | High Floor | Creek ViewTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED1,500,000
1
2
939 sqftBig Layout | Vacant | Furnished Creek ViewTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverQ3 2021Payment Plan
AED2,649,000
3
3
1,747 sqftMODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,550,000
1
2
942 sqftLarge Layout | High ROI | Landmark buildingTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,550,000
1
2
930 sqftLarge Layout | High ROI | Landmark buildingTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,599,000
1
2
962 sqftBURJ VIEW | PREMIUM AND SPACIOUS | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED2,300,000
2
2
1,515 sqftIncredible Offer | Fully Furnished | Luxury High-RiseTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED1,550,000
1
2
942 sqftVACANT | FULLY FURNISHED 1BR | PRIME LOCATIONTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
AED3,200,000
3
3
1,746 sqftBurj Khalifa View | Fully Furnished | Best LayoutTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEHandoverPayment Plan
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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 10 hours ago
3-bedroom flats offer the highest ROI in DAMAC Towers by Paramount Hotels and Resorts of 15.15%. 1-bed apartments generate about 14.97% return on investment. 2-bedroom flats offer an ROI of about 7.16%.
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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
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.
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 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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