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Paramount Tower B, Business BayReady

Paramount Tower B, Business Bay

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HIGHLIGHTS

About Paramount Tower B, Business Bay

Paramount Tower B is a residential building in Business Bay. It is part of DAMAC Towers by Paramount Hotel & Resort, a four-tower complex developed by DAMAC Properties. Paramount Tower B, Business Bay has 68 floors and stands 270 metres above the ground. The residential building is connected to a multi-level plaza on the podium level.

Interested buyers will find studio, 1, 2 and 3-bedroom apartments in DAMAC Paramount Tower B. The high-rise tower offers multiple amenities including a kid’s play area, gymnasium and a swimming pool. Paramount Tower B facilities include 24-hour CCTV security system, high-speed elevators and a spacious lobby. DAMAC Tower B by Paramount  Hotel & Resort is situated close to Ras Al Khor Road and Financial Centre Road.

In a Nutshell

  • Type of building: Residential
  • Location: Business Bay
  • Developer: DAMAC Properties
  • Date of completion: 2019
  • Number of floors: 68
  • Unit type: Studio, 1, 2 and 3-bedroom apartments
  • Amenities: Gym, swimming pool and kid’s play area
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BUILDING DETAILS

Facilities in Paramount Tower B, Business Bay

Parking

There is on-site parking and valet parking in Paramount Tower B, Business Bay. Each unit gets at least one parking space.

Elevators

There are multiple high-speed elevators in Paramount Tower B.

Security, Central Air-Conditioning and Maintenance Services

Paramount Tower B has 24-hour CCTV video surveillance and regular maintenance services. Residents would have to pay yearly chiller charges depending on their contract.

Gym and Fitness Facilities 

Fitness facilities include a fully equipped gymnasium in Paramount Tower B, Business Bay. Residents can also find a temperature-controlled outdoor swimming pool in the building.

Lifestyle Amenities

Entertainment wise, you will find a kid’s play area, Jacuzzi, steam room and barbeque area in the building. Residents will enjoy a vibrant lifestyle in Business Bay thanks to numerous entertainment options near the tower.

Concierge and Guest Services 

Paramount Tower B, Business Bay, has a grand lobby. Concierge services are also available at all times.

Apartment Types in Paramount Tower B

One can find studio, 1, 2 and 3-bedroom apartment types in Paramount Tower B, Business Bay, Dubai.

Studio Apartments in Paramount Tower B

Studio apartments in Paramount Tower B cover 475 sq. ft. These flats have an attached bathroom, a kitchen and a large living space.

1-Bedroom Apartments in Paramount Tower B

1-bedroom apartments in Paramount Tower B cover 917 sq. ft. to 1,050 sq. ft. Each residential unit has one master bedroom with an attached bathroom and built-in cabinets. These flats also have a guest bathroom, a kitchen, a living area and a balcony.

2-Bedroom Apartments in Paramount Tower B

2-bedroom apartments in Paramount Tower B have covered areas ranging from 1,3940 sq. ft. to 1,516 sq. ft. Each flat has a closed-style kitchen, a spacious living room, a balcony and a guest bathroom. These apartments feature two large bedrooms with attached bathrooms and separate wardrobes.

3-Bedroom Apartments in Paramount Tower B

3-bedroom apartments in Paramount Tower B have covered areas of 1,747 sq. ft. These apartments have three spacious bedrooms with bathrooms and built-in cabinets. One can also find a fully furnished kitchen, a guest bathroom, a large living room and a balcony.

1-Bed
2-Bed
3-Bed
4-Bed
0%40%80%120%160%200%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 8 hours ago

According to Bayut, 2-bedroom flats in Tower B enjoy the highest popularity. They are followed by 1-bed apartments in the second spot. 3-bedroom flats take up the third position on the list. 4-bed units rank in the fourth position.

Apartment TypeAverage Rental Price in AED
1-Bed115,000
2-Bed163,500
3-Bed228,000
Based on property listings on Bayut.com over the last 12 months. Last updated 8 hours ago
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, UAE
Luxury Furnished | Burj Khalifa View | Spacious
AED13,750Monthly
beds
1
baths
1
area
942 sqft
Luxury Furnished | Burj Khalifa View | SpaciousTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
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, UAE
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, UAE
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, UAE
Luxury 3BR | Burj Khalifa View | Close to Dubai Mall
AED21,500Monthly
beds
3
baths
3
area
2,005 sqft
Luxury 3BR | Burj Khalifa View | Close to Dubai MallTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
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, UAE
Special Offer !!  |Big Balcony | High Floor
AED12,900Monthly
beds
1
baths
1
area
1,055 sqft
Special Offer !! |Big Balcony | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BURJ KHALIFA VIEW | 2BHK with Premium Features | All Bills Covered
AED19,999Monthly
beds
2
baths
3
area
1,394 sqft
BURJ KHALIFA VIEW | 2BHK with Premium Features | All Bills CoveredTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
RAMADAN SPECIAL | MOVE IN TODAY: BURJ KHALIFA VIEW | BIGGEST LAYOUT | ALL BILLS INCLUSIVE
AED12,499Monthly
beds
1
baths
2
area
1,462 sqft
RAMADAN SPECIAL | MOVE IN TODAY: BURJ KHALIFA VIEW | BIGGEST LAYOUT | ALL BILLS INCLUSIVETower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
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, UAE
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, UAE
Stunning View | Great Deal | Prime Location
AED5,000weekly
beds
2
baths
2
area
1,388 sqft
Stunning View | Great Deal | Prime LocationTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
PREMIUM APARTMENT | BURJ VIEW | RENOVATED
AED120,000Yearly
beds
1
baths
2
area
929 sqft
PREMIUM APARTMENT | BURJ VIEW | RENOVATEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Spacious | Close To Dubai Mall
AED13,500Monthly
beds
1
baths
1
area
1,055 sqft
Fully Furnished | Spacious | Close To Dubai MallTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
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Apartment TypeAverage Sales Price in AED
1-Bed1,848,000
2-Bed2,528,600
3-Bed3,357,333
Based on property listings on Bayut.com over the last 12 months. Last updated 8 hours ago
Fully Furnished with Burj View | High Floor
AED1,800,000
beds
1
baths
2
area
971 sqft
Fully Furnished with Burj View | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Modern | Burj khalifa view | Large Layout
AED1,900,000
beds
1
baths
2
area
929 sqft
Modern | Burj khalifa view | Large LayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
3 BR | Burj Khalifa | Rented | High Floor
AED2,790,000
beds
3
baths
3
area
1,744 sqft
3 BR | Burj Khalifa | Rented | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Investor DEAL | Burj View | High Floor
AED2,800,000
beds
2
baths
2
area
1,388 sqft
Investor DEAL | Burj View | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | City View | Investors Deal
AED2,400,000
beds
2
baths
2
area
1,515 sqft
High Floor | City View | Investors DealTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
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, UAE
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, UAE
Investor deal 8% ROI | Pool view | Bigger Size
AED2,200,000
beds
2
baths
3
area
1,515 sqft
Investor deal 8% ROI | Pool view | Bigger SizeTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Brand New | High Floor|Fully Furnished|Best Layout
AED1,600,000
beds
1
baths
2
area
1,249 sqft
Brand New | High Floor|Fully Furnished|Best LayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Big balcony | Ready To Move-in
AED2,600,000
beds
2
baths
3
area
1,515 sqft
Fully Furnished | Big balcony | Ready To Move-inTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
1 BHK Apartment | Damac Paramount | Prime Location
AED1,700,000
beds
1
baths
2
area
942 sqft
1 BHK Apartment | Damac Paramount | Prime LocationTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | Burj View | Vacant Soon
AED2,789,000
beds
3
baths
3
area
1,744 sqft
High Floor | Burj View | Vacant SoonTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BIGGEST LAYOUT | FULLY FURNISHED | READY TO MOVE
AED1,589,999
beds
1
baths
2
area
1,055 sqft
BIGGEST LAYOUT | FULLY FURNISHED | READY TO MOVETower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
FULLY FURNISHED | POOL VIEW | RENTED
AED1,500,000
beds
1
baths
2
area
1,055 sqft
FULLY FURNISHED | POOL VIEW | RENTEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Open Layout | Prime Location | Vacant Soon
AED2,300,000
beds
2
baths
2
area
1,394 sqft
Open Layout | Prime Location | Vacant SoonTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
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Rental Yield in Paramount Tower B

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 8 hours ago

2-bedroom flats offer the highest ROI in Tower B of 7.16%. 1-bed apartments generate about 7.11% return on investment. 3-bedroom flats offer an ROI of about 6.55%.

Dubai Transactions
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NEARBY AMENITIES

Transportation near Paramount Tower B

One can find multiple modes of transportation near Paramount Tower B, Business Bay.

Bus Stations near Paramount Tower B

RBC Tower 2, Bus stop is a 7-minute walk from the residential building. One can find Bus F41 and Bus X22 at this bus stop.

Metro Stations near Paramount Tower B

Business Bay Metro Station is a 10-minute drive away from Paramount Tower B, Business Bay. The station lies on the Red Line of Dubai Metro.

Metro Station in Business Bay
Metro Station in Business Bay

Restaurants near Paramount Tower B

Pacific Groove Restaurant and Lounge within the complex is a casual dining eatery that serves American and Asian cuisines.

Popular restaurants near Paramount Tower B include:

  • Sizzling Wok
  • City Fresh Restaurant
  • Maru Udon Restaurant

There are numerous restaurants near the building, and the closest is Sizzling Wok, an Asian eatery at a 6-minute drive away. Other dining options include City Fresh, an International restaurant and Maru Udon, a Japanese Eatery. Both restaurants are a 10-minute drive from DAMAC Tower B by Paramount.

Kitchen 6, Izakaya and Tong Thai are some of the best restaurants in Business Bay within a 12-minute drive away from the tower.

Fine-dining restaurants near Paramount Tower B are:

  • Armani Amal
  • Indego by Vineet
  • Maiden Shanghai
  • The Cavendish Restaurant

Residents can find upscale restaurants within a 20-minute drive from the residential apartment building.

Best fine dining restaurants in Dubai, including Nusr ET Steakhouse, Gia and COYA, are a 22-minute drive away.

Supermarkets near Paramount Tower B

Supermarkets near Paramount Tower B include:

  • W Mart Fresh
  • MQ Minimart
  • Better 1 Mart

W Mart Fresh, MQ Minimart and Better 1 Mart are an 8-minute drive from Paramount Tower B.

Schools and Nurseries near Paramount Tower B, Business Bay

  • Blosoom Nursery
  • Dubai International School
  • Clarion School
  • JSS Private School

Blosoom Nursery is a 8-minute walking distance away from the tower. Jumeirah International Nursery and Canadian Kids Nursery can be found within a 10-minute drive away from Paramount Tower B, Business Bay.

Dubai International School follows the American curriculum (California CCSS and NGSS). The international school is located at an 11-minute drive away from the residential tower.

Clarion School is a co-educational institute that follows the US curriculum. The school can be found at a 12-minuet drive away from Tower B, Business Bay.

JSS Private School is an Indian school that follows the the Central Board of Secondary Education (CBSE). The private school is situated at a 15-minute drive away from the building.

Nearby Buildings

There are many buildings near Paramount Tower B.

Paramount Tower B is located next to Nobles Residential Tower, SLS Dubai Hotel & Residence and La Maison Residential Tower.

Major Landmarks

There are so many fun things to do and places to visit in Business Bay. Nearby landmarks include:

  • Dubai Opera
  • Burj Khalifa
  • The Dubai Mall

Dubai Opera is a performing arts centre designed by Janus Rostock. It is a 14-minute drive from DAMAC Towers by Paramount Tower B.

Burj Khalifa
The view of Burj Khalifa

Burj Khalifa is the world’s tallest building standing 828m above the ground. The architectural masterpiece is a 15-minute drive away.

The Dubai Mall
The entrance of Dubai Mall

Then there is Dubai Mall, a popular attraction that offers numerous international retail and dining options. The Dubai Mall is a 16-minute drive from Tower B, DAMAC Towers by Paramount.

Things to Consider

Paramount Tower B is a high-rise residential building in Business Bay, a mixed-use neighbourhood in Dubai. While it offers excellent amenities and accommodation, it might not appeal to pet parents.

FAQs

DOES PARAMOUNT TOWER B HAVE FITNESS FACILITIES?

Yes, Paramount Tower B offers state-of-the-art gymnasium.

WHAT ARE THE APARTMENT TYPES IN PARAMOUNT TOWER B?

You will find studio, 1, 2 and 3-bedroom apartment types in Paramount Tower B, Business Bay.

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