ReadyParamount Tower B, Business Bay
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
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.
Most Popular Apartment Types in Paramount Tower B, Business Bay
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.
Recent Rental Transactions in Tower B
| Start Date | Location | Duration | Beds | Rent (AED) |
|---|---|---|---|---|
| 16 Apr 2025 | Tower B | 12 Months Renewal | 1 | 100,000 |
| 1 Apr 2025 | Tower B | 12 Months New | 1 | 120,000 |
| 25 Mar 2025 | Tower B | 6 Months New | 1 | 60,000 |
| 24 Mar 2025 | Tower B | 12 Months New | 3 | 190,000 |
| 21 Mar 2025 | Tower B | 12 Months New | 3 | 175,000 |
| 21 Mar 2025 | Tower B | 12 Months New | 2 | 160,000 |
The data displayed is based on information gathered from DLD, following a thorough cleanup to exclude any outliers and exceptions. As a result, the displayed values may differ from those available on the DLD website.
Rental Trends in Paramount Tower B
Recent Sale Transactions in Tower B
| Date | Location | Beds | Price (AED) |
|---|---|---|---|
| 7 Apr 2025 | Tower B | 1 | 1,520,000 |
| 7 Apr 2025 | Tower B | 1 | 1,425,000 |
| 12 Mar 2025 | Tower B | 1 | 1,400,000 |
| 3 Mar 2025 | Tower B | 1 | 1,400,000 |
| 21 Feb 2025 | Tower B | 1 | 1,500,000 |
| 13 Feb 2025 | Tower B | 1 | 1,500,000 |
The data displayed is based on information gathered from DLD, following a thorough cleanup to exclude any outliers and exceptions. As a result, the displayed values may differ from those available on the DLD website.
Sales Trends in Paramount Tower B
Rental Yield in Paramount Tower B
2-bedroom flats offer the highest ROI in Tower B of 7.24%. 1-bed apartments generate about 7.01% return on investment. 3-bedroom flats offer an ROI of about 7.00%.
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.
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.
- Nobles Residential Tower
- SLS Dubai Hotel & Residence – hotel+residential building
- La Maison Residential Tower
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 is the world’s tallest building standing 828m above the ground. The architectural masterpiece is a 15-minute drive away.
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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