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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 5 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-Bed114,000
2-Bed164,000
3-Bed227,000
Based on property listings on Bayut.com over the last 12 months. Last updated 5 hours ago
LUXURIOUS | FULLY FURNISHED | BURJ VIEW
AED175,000Yearly
beds
2
baths
3
area
1,394 sqft
LUXURIOUS | FULLY FURNISHED | BURJ VIEWTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Amazing 3BR, Damac Paramount, Business Bay
AED23,999Monthly
beds
3
baths
2
area
1,747 sqft
Amazing 3BR, Damac Paramount, Business BayTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Aliving Luxury 2BR | Beautifully Furnished With Burj Khalifa view 6102
AED20,000Monthly
beds
2
baths
2
area
1,387 sqft
Aliving Luxury 2BR | Beautifully Furnished With Burj Khalifa view 6102Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
1-Bedroom by Damac | Tower B | Burj Khalifa View
AED120,000Yearly
beds
1
baths
1
area
965 sqft
1-Bedroom by Damac | Tower B | Burj Khalifa ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
PREMIUM | HIGH FLOOR | LUXURY FURNITURE
AED160,000Yearly
beds
2
baths
3
area
1,517 sqft
PREMIUM | HIGH FLOOR | LUXURY FURNITURETower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BURJ KHALIFA VIEW | HIGH FLOOR | READY TO MOVE.
AED120,000Yearly
beds
1
baths
2
area
928 sqft
BURJ KHALIFA VIEW | HIGH FLOOR | READY TO MOVE.Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BURJ KHALIFA VIEW | BIGGEST LAYOUT | ALL BILLS INCLUSIVE
AED14,999Monthly
beds
1
baths
2
area
1,462 sqft
BURJ KHALIFA VIEW | BIGGEST LAYOUT | ALL BILLS INCLUSIVETower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Large Terrace | 2 Bedroom Serviced
AED20,000Monthly
beds
2
baths
3
area
1,582 sqft
Large Terrace | 2 Bedroom ServicedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Ultimate stay | 1 Bedroom | Business Bay
AED14,800Monthly
beds
1
baths
1
area
929 sqft
Ultimate stay | 1 Bedroom | Business BayTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
LUXURY LIVING I FULLY FURNISHED I LARGE LAYOUT
AED155,000Yearly
beds
2
baths
3
area
1,514 sqft
LUXURY LIVING I FULLY FURNISHED I LARGE LAYOUTTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
MODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHED
AED200,000Yearly
beds
3
baths
3
area
1,747 sqft
MODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Spacious | Close To Dubai Mall
AED14,500Monthly
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
**HOT DEAL** 3BR ALL IN SUITE LUXURY HIGH QUALITY
AED250,000Yearly
beds
3
baths
2
area
1,394 sqft
**HOT DEAL** 3BR ALL IN SUITE LUXURY HIGH QUALITYTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Amazing View | Luxury Furnished | Great Location
AED18,000Monthly
beds
2
baths
2
area
1,515 sqft
Amazing View | Luxury Furnished | Great LocationTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
FULLY FURNISHED | HUGE BALCONY | LUXURY
AED180,000Yearly
beds
2
baths
3
area
1,394 sqft
FULLY FURNISHED | HUGE BALCONY | LUXURYTower 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-Bed1,828,750
2-Bed2,515,000
3-Bed3,360,000
Based on property listings on Bayut.com over the last 12 months. Last updated 5 hours ago
VOT | High Floor | Burj Khalifa View | RareLayout
AED2,799,900
beds
2
baths
3
area
1,388 sqft
VOT | High Floor | Burj Khalifa View | RareLayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
INVESTOR DEAL | BURJ VIEW | WELL MAINTAINED
AED1,579,000
beds
1
baths
2
area
939 sqft
INVESTOR DEAL | BURJ VIEW | WELL MAINTAINEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
MODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHED
AED2,649,000
beds
3
baths
3
area
1,747 sqft
MODERN LAYOUT | SPACIOUS AND BRIGHT | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
LUXURIOUS | FULLY FURNISHED | BURJ KHALIFA VIEW
AED2,319,000
beds
2
baths
3
area
1,394 sqft
LUXURIOUS | FULLY FURNISHED | BURJ KHALIFA VIEWTower 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 KHALIFA VIEW | CANAL VIEW
AED1,539,000
beds
1
baths
2
area
929 sqft
INVESTOR DEAL | BURJ KHALIFA VIEW | CANAL VIEWTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BURJ VIEW | PREMIUM AND SPACIOUS | FURNISHED
AED1,599,000
beds
1
baths
2
area
962 sqft
BURJ VIEW | PREMIUM AND SPACIOUS | FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
PREMIUM BIGGEST LAYOUT | INVESTOR DEAL
AED1,569,000
beds
1
baths
2
area
1,055 sqft
PREMIUM BIGGEST LAYOUT | INVESTOR DEALTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
6.7% Net ROI | Burj Khalifa view| Luxury amenities
AED1,800,000
beds
1
baths
2
area
938 sqft
6.7% Net ROI | Burj Khalifa view| Luxury amenitiesTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Stunning Skyline View | Investor Deal | Fully Furnished | High Floor
AED1,500,000
beds
1
baths
2
area
1,055 sqft
Stunning Skyline View | Investor Deal | Fully Furnished | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Burj View | Top Amenities
AED1,650,000
beds
1
baths
2
area
938 sqft
Fully Furnished | Burj View | Top AmenitiesTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
03 Series | Lowest Price | Exclusive | Furnished
AED1,450,000
beds
1
baths
2
area
929 sqft
03 Series | Lowest Price | Exclusive | FurnishedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Burj View | Above 60th Floor | Hot Deal
AED3,500,000
beds
3
baths
3
area
1,746 sqft
Burj View | Above 60th Floor | Hot DealTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
PREMIUM | BIGGEST LAYOUT | FULLY FURNISHED
AED2,299,000
beds
2
baths
3
area
1,515 sqft
PREMIUM | BIGGEST LAYOUT | FULLY FURNISHEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished | Spacious | High floor
AED1,499,000
beds
1
baths
2
area
1,055 sqft
Furnished | Spacious | High floorTower 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 5 hours ago

3-bedroom flats offer the highest ROI in Tower B of 7.43%. 1-bed apartments generate about 7.15% return on investment. 2-bedroom flats offer an ROI of about 6.91%.

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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