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DAMAC Towers by Paramount Business BayReady

DAMAC Towers by Paramount, Business Bay

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HIGHLIGHTS

About DAMAC Towers by Paramount Hotels & Resorts

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 Dubai
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
business

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.

Hotel apartments for rent in DAMAC Towers by Paramount offer luxurious living, with quality furnishings and equipment for kitchen, bed and bath. Investors can consider buying hotel apartments in DAMAC Towers by Paramount for rental income.

These are among your top choices if looking to rent hotel apartments in Business Bay. The area offers a wide range of options for those interested in buying hotel apartments in Business Bay.

STUDIO APARTMENTS IN DAMAC TOWERS BY PARAMOUNT

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.

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 in the second spot. 3-bedroom flats take up the third position on the list. Studio apartments rank in the fourth position.

Recent Rental Transactions in DAMAC Towers by Paramount Hotels and Resorts

AED 110,000 Yearly Renewal9 May 2025
Tower B
Apartments1 Bed
Built-Up: 949 sqft Duration: 12 months
AED 185,000 Yearly New30 Apr 2025
Tower A
Hotel Apartments3 Beds
Built-Up: 1746 sqft Duration: 12 months
AED 115,000 Yearly New29 Apr 2025
Tower B
Apartments1 Bed
Built-Up: 929 sqft Duration: 12 months
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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 DAMAC Towers by Paramount Business Bay

Apartment TypeAverage Rental Price in AED
1-Bed126,500
2-Bed160,000
3-Bed228,500
Based on property listings on Bayut.com over the last 12 months. Last updated 10 hours ago
High Floor | Prime Buildings | Fully Furnished
AED169,999Yearly
beds
2
baths
2
area
1,388 sqft
High Floor | Prime Buildings | Fully FurnishedTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxury Finish | Fully Furnished | Vacant
AED210,000Yearly
beds
2
baths
3
area
1,517 sqft
Luxury Finish | Fully Furnished | VacantTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished | High floor | Vacant
AED200,000Yearly
beds
3
baths
3
area
1,764 sqft
Furnished | High floor | VacantTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious 2BDR Apt | Burj Khalifa & City Views
AED20,000Monthly
beds
2
baths
2
area
1,394 sqft
Luxurious 2BDR Apt | Burj Khalifa & City ViewsDAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious 2BHK in Business Bay with Burj Khalifa & City Views
AED5,000weekly
beds
2
baths
2
area
1,434 sqft
Luxurious 2BHK in Business Bay with Burj Khalifa & City ViewsDAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished | Kitchen-Equipped | Ready to Live-in
AED105,000Yearly
beds
1
baths
2
area
965 sqft
Furnished | Kitchen-Equipped | Ready to Live-inTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Vacant | Fully Furnished | Mid floor | 2BR
AED170,000Yearly
beds
2
baths
3
area
1,501 sqft
Vacant | Fully Furnished | Mid floor | 2BRTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious 2BHK in Business Bay with Burj Khalifa & City Views
AED20,000Monthly
beds
2
baths
2
area
1,434 sqft
Luxurious 2BHK in Business Bay with Burj Khalifa & City ViewsTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious Furnishing I Creek View I Prime Location
AED160,000Yearly
beds
2
baths
3
area
1,394 sqft
Luxurious Furnishing I Creek View I Prime LocationTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished Modern Unit | Spacious | Vacant
AED179,999Yearly
beds
2
baths
3
area
1,515 sqft
Furnished Modern Unit | Spacious | VacantTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
FULLY FURNISHED 2 BEDROOM | LOWEST PRICE
AED155,000Yearly
beds
2
baths
3
area
1,515 sqft
FULLY FURNISHED 2 BEDROOM | LOWEST PRICETower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
LUXURIOUS RESIDENCES | FULLY FURNISHED | EQUIPPED
AED170,000Yearly
beds
2
baths
3
area
1,394 sqft
LUXURIOUS RESIDENCES | FULLY FURNISHED | EQUIPPEDTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious 1 BR in DAMAC TOWERS BY PARAMOUNT
AED12,999Monthly
beds
1
baths
2
area
940 sqft
Luxurious 1 BR in DAMAC TOWERS BY PARAMOUNTTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Move-In Ready: 1BR Spacious Layout | Fully Furnished | All Bills Inclusive
AED13,499Monthly
beds
1
baths
2
area
1,437 sqft
Move-In Ready: 1BR Spacious Layout | Fully Furnished | All Bills InclusiveTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Stylish 1BR | Height Floor | Amazing View | All Bills Included
AED13,000Monthly
beds
1
baths
2
area
945 sqft
Stylish 1BR | Height Floor | Amazing View | All Bills IncludedTower D, 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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Recent Sale Transactions in DAMAC Towers by Paramount Hotels and Resorts

AED 2,750,00028 Apr 2025
Tower B
Apartments2 Beds
Built-Up: 1515 sqft
AED 1,500,00025 Apr 2025
Tower B
Apartments1 Bed
Built-Up: 939 sqft
AED 1,500,00025 Apr 2025
Tower B
Apartments1 Bed
Built-Up: 946 sqft
lightbulb

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 DAMAC Towers by Paramount

Apartment TypeAverage Sales Price in AED
Studio995,000
1-Bed1,774,500
2-Bed2,423,000
3-Bed3,485,500
Based on property listings on Bayut.com over the last 12 months. Last updated 10 hours ago
Vacant Transfer | High floor | Maids Room
AED3,479,000
beds
3
baths
4
area
1,996 sqft
Vacant Transfer | High floor | Maids RoomTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
2 BR Apartment for Sale in DAMAC Towers
AED2,300,000
beds
2
baths
3
area
1,408 sqft
2 BR Apartment for Sale in DAMAC TowersTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Exclusive | Spacious 1Br| Burj Khalifa View
AED1,500,000
beds
1
baths
1
area
1,055 sqft
Exclusive | Spacious 1Br| Burj Khalifa ViewTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
HIGH FLOOR | FULLY FURNISHED | PRIME INVESTMENT OPPORTUNITY
AED1,650,000
beds
1
baths
2
area
940 sqft
HIGH FLOOR | FULLY FURNISHED | PRIME INVESTMENT OPPORTUNITYTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Exclusive | Burj Khalifa View | Vacant
AED1,750,000
beds
1
baths
2
area
965 sqft
Exclusive | Burj Khalifa View | VacantTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Prime location| BurjKhalifa view | Fully furnished
AED1,650,000
beds
1
baths
2
area
941 sqft
Prime location| BurjKhalifa view | Fully furnishedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Palatial | dazzling | embellished
AED1,650,000
beds
1
baths
2
area
928 sqft
Palatial | dazzling | embellishedTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Amazing Skyline View | Well-Kept
AED1,650,000
beds
1
baths
2
area
928 sqft
Fully Furnished | Amazing Skyline View | Well-KeptTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Big layout | Amazing view | Prime location
AED3,200,000
beds
3
baths
4
area
1,744 sqft
Big layout | Amazing view | Prime locationTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious | Furnished | Vacant | Negotiable
AED2,800,000
beds
2
baths
3
area
1,515 sqft
Luxurious | Furnished | Vacant | NegotiableTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Spacious 2-Bedroom | Move-In Ready | Heart of Dubai
AED2,500,000
beds
2
baths
3
area
1,848 sqft
Spacious 2-Bedroom | Move-In Ready | Heart of DubaiTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Hollywood Living | Great Location | High Floor
AED3,200,000
beds
2
baths
3
area
1,515 sqft
Hollywood Living | Great Location | High FloorTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | Great investment | Luxury Living | Bulk Deal
AED1,183,000
beds
Studio
baths
1
area
473 sqft
High Floor | Great investment | Luxury Living | Bulk DealTower C, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished|1BHK| Dubai Creek View|High Floor
AED1,600,000
beds
1
baths
2
area
1,055 sqft
Fully Furnished|1BHK| Dubai Creek View|High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Stunning Views | High Floor | Central Location
AED3,100,000
beds
2
baths
3
area
1,514 sqft
Stunning Views | High Floor | Central LocationTower A, 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 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 15.05%. 1-bed apartments generate about 7.20% return on investment. 2-bedroom flats offer an ROI of about 7.09%.

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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 near DAMAC Towers by Paramount Location
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.

Nearby Buildings

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 near DAMAC Towers by Paramount Hotels & Resorts
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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