DAMAC Towers by Paramount Hotels & Resorts

Studios, 1–3 bedroom apartments and hotel rooms in Business Bay

DAMAC Towers by Paramount Hotels & Resorts feature residences with Hollywood style in the centre of Dubai.

Location

Property Prices

About the project

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Payment Plan

3 Years

For 5 Years Guaranteed

Earn 8% ROI

Starting Price

AED 799,000

RU

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One of the leading developers in the UAE, DAMAC Properties, has teamed up with American movie production company Paramount Pictures to create an ambitious project in a prime location of Dubai.

DAMAC Towers by Paramount Hotels & Resorts is a large-scale development of four high-rise buildings that deliver a combination of residential units and hotel services. Three of the towers will offer 1,200 residential studios and 1 to 3-bedroom apartments, with floor areas ranging from 430 sq. ft. to 2,000 sq. ft. The remaining tower is reserved for the luxurious Paramount Hotel Dubai, which will provide 800 rooms and hotel apartments.

Each residential unit within the development is thoroughly designed in the Hollywood style to make the occupants feel like a celebrity on a movie set. The furniture, stylish finishes and accessories create the atmosphere of Paramount Pictures' most famous films.

about the project

Top project for life and investment

1-3 Bedrooms

Apartments

Studios

1,200 residential studios

GALLERY

An impressive entrance hall with large video screens, glamorous décor related to the movie industry, welcoming staff and first-class amenities and services will complement the pleasant impression.

Residents of all towers will have unlimited access to luxurious amenities located on a common multi-level podium, including a good selection of recreational and food and beverage options. The ultimate, glamorous lifestyle with the highest quality of service is guaranteed by the expertise of Paramount Hotels & Resorts.

Project Features

Property price

DAMAC Towers by Paramount Hotels & Resorts offers a choice of studios, 1–3 bedroom apartments and hotel-serviced suites, all fully-furnished and ready to move in.

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The minimum price for studios as of Q2 2023 is AED 700K (USD 190K), while 1-bedroom apartments can be purchased from AED 1.2M (USD 330K). The cost of luxury 3-bedroom apartments starts at AED 2.7M (USD 735K).

1-bedroom apartments can be purchased from AED 1.2M (USD 330K)

AED 1.2M

The minimum price for studios as of Q2 2023 is USD 190K

AED 700K

The location advantages

Public transportation is also well-developed in the area; the nearest bus stop to the complex is Business Bay 2 Bus Station.

Public transportation

Just across the road from DAMAC Towers by Paramount Hotels & Resorts lies the Dubai Water Canal, which runs through the entire district and leads to the Arabian Gulf. It's nice to stroll along the canal enjoying marina views or dine in one of the restaurants, such as Piccola Milano Business Bay, Baron Restaurant or Anbar Restaurant & Cafe - Business Bay.

DAMAC Towers by Paramount Hotels & Resorts is adjacent to the newly built Dubai design district, which includes a mixture of cafes, fashion shops, art galleries and photographic installations. It also hosts a variety of events throughout the year.

Explore location

Health centres that can be reached within 10 minutes by car include Haton Medical Center, Midline Bay Medical and Emirates Hospital Clinic.

Health centres

Educational infrastructure

Regarding educational infrastructure, residents will have options to choose from around Business Bay and adjacent neighbourhoods: Kids Castle Nursery in DownTown, Blossom Design District Nursery, Jumeirah International Nursery, Safa British School and Dubai International School.

infrastructure

Business Bay

Business Bay is the city's centre of commerce and business, filled with skyscrapers with office spaces, banks, hotels, as well as numerous entertainment and recreational opportunities.

Business Bay is in the neighbourhood of Downtown Dubai, making it a short, 10-minute drive to major attractions of the city, such as Burj Khalifa, Dubai Fountain and even more leisure options. In general, the proximity to Al Khail Road and Ras Al Khor Road means that any area of Dubai can be easily and quickly reached by car:

Dubai Mall — 10 minutes;
Dubai International Financial Center (DIFC) — 15 minutes;
Dubai International Airport — 20 minutes;
Jumeirah Beach — 20 minutes;
Dubai Marina — 25 minutes.

Residents of DAMAC Towers by Paramount Hotels & Resorts will be treated like Hollywood stars with excellent services and amenities located on the shared podium. This includes spa facilities with steam rooms, a swimming pool, a state-of-art gym and various entertainment activities for families with children, like a kids club and a game room. Cinema lovers will appreciate a movie theatre, offering over 3,500 films produced by Paramount. A good choice of restaurants, bars, lounge zones and retail options is also available within the podium.

Each property will be provided with an allocated parking space and a valet parking service is at residents’ disposal.

Advantages of the Complex

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movie theatre, offering over 3,500 films produced by Paramount

A good choice of restaurants, bars, lounge zones and retail options is also available within the podium

various entertainment activities for families with children

kids club and a game room

swimming pool

state-of-art gym

parking space

Owning a property at DAMAC Towers by Paramount Hotels & Resorts will guarantee you a privileged lifestyle in stylish apartments, complemented by first-class amenities and services.

In terms of investment, it will also be a worthwhile purchase because of the constant demand for residential properties in Business Bay. This bustling area with excellent infrastructure attracts tourists and businessmen due to its proximity to Downtown Dubai and Dubai International Financial Center.

This enables investors to expect the highest yield from rentals: the average ROI for a 1-bedroom apartment at DAMAC Towers by Paramount Hotels & Resorts is 7.3%.