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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 5 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.

Rental Trends in DAMAC Towers by Paramount Business Bay

Apartment TypeAverage Rental Price in AED
1-Bed117,000
2-Bed175,500
3-Bed239,000
Last updated 5 hours ago
Sophisticated Living: Like Home's 1 BHK with Burj View
1 Bed ● 2 Baths ● 938.94 sqftAED13,499MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Vacant | Pool View | Fully Furnished
1 Bed ● 2 Baths ● 1055 sqftAED110,000YearlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Furnished | 3 Bed + Maid
3 Beds ● 4 Baths ● 1940.3 sqftAED190,000YearlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Fully Furnished | High Floor | Burj Khalifa View
3 Beds ● 3 Baths ● 1746.77 sqftAED200,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Upgraded 2B | High Floor | Canal View
2 Beds ● 3 Baths ● 1517 sqftAED19,500MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Fully-Furnished | 4 Cheques
1 Bed ● 2 Baths ● 1055.19 sqftAED120,000YearlyTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Ramadan Deal: Larger Layout 1BR with Seamless Pool Access
1 Bed ● 2 Baths ● 1437.3 sqftAED14,999MonthlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Negotiable | Resort Style | Best Price
2 Beds ● 3 Baths ● 1515 sqftAED170,000YearlyTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Opulent Furnishing | Exclusive
2 Beds ● 3 Baths ● 1407 sqftAED176,000YearlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Furnished | Beautiful Views | 1 Bedroom
1 Bed ● 2 Baths ● 929 sqftAED130,000YearlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Largest Layout | High Floor | Vacant | Furnished
1 Bed ● 2 Baths ● 1056 sqftAED125,000YearlyTower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Ramadan Offer: Poolside 1BR | Burj Khalifa View | Larger Layout
1 Bed ● 2 Baths ● 1462.49 sqftAED14,999MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Ultimate Stay |  1 Bedroom | Luxurious Living at its finest
1 Bed ● 1 Bath ● 928.93 sqftAED13,000MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Water Front View | Prime Location
3 Beds ● 3 Baths ● 1744 sqftAED210,000YearlyTower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Sophisticated 2BR With Large Private Terrace
2 Beds ● 3 Baths ● 1582 sqftAED25,000MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
View allarrow_circle_right
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.

Sales Trends in DAMAC Towers by Paramount

Apartment TypeAverage Sales Price in AED
Studio1,042,000
1-Bed1,750,500
2-Bed2,474,500
3-Bed3,509,000
Last updated 5 hours ago
High Floor | Tenanted | Furnished | Creek View
2 Beds ● 3 Baths ● 1517 sqftAED2,300,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Unique Layout | Popular Tower | Mid Floor
2 Beds ● 3 Baths ● 1393 sqftAED2,750,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Motivated Seller | Vacant | Burj View
2 Beds ● 3 Baths ● 1514 sqftAED2,600,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Exclusive | High Floor | Fully-Furnished
1 Bed ● 2 Baths ● 1055.19 sqftAED1,800,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Spacious | Luxurious Furniture
1 Bed ● 1 Bath ● 928 sqftAED1,650,000Tower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Cheapest in the market | Big Layout | High Floor
3 Beds ● 3 Baths ● 1918 sqftAED2,950,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
VACANT | HIGH FLOOR | STUNNING VIEW 3 BR
3 Beds ● 3 Baths ● 1744 sqftAED2,600,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Premium Location | Vacant | High Floor
2 Beds ● 3 Baths ● 1394 sqftAED2,500,000Tower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Motivated Seller | Furnished | Good Investment
2 Beds ● 3 Baths ● 1501 sqftAED2,400,000Tower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Hotel Suite | High ROI | Investor Deal | Luxury
Studio ● 1 Bath ● 637 sqftAED990,000Tower C, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Burj Khalifa View | Fully Furnished | Best Layout
3 Beds ● 3 Baths ● 1745 sqftAED3,200,000Tower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Fully Furnished | Panoramic Views | Luxury 3BR
3 Beds ● 3 Baths ● 1743 sqftAED4,200,000Tower A, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
3 BR | Fully Furnished | High Floor | Exclusive
3 Beds ● 3 Baths ● 1746.77 sqftAED2,600,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
1 BR | Fully Furnished | High Floor | Exclusive
1 Bed ● 2 Baths ● 1055.19 sqftAED1,700,000Tower D, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Motivated Seller|Fully Furnished|Burj Khalifa View
1 Bed ● 2 Baths ● 929 sqftAED1,800,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
View allarrow_circle_right
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.

Rental Yield in DAMAC Towers by Paramount Business Bay

Studio
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

2-bedroom flats offer the highest ROI in DAMAC Towers by Paramount Hotels and Resorts of 13.78%. 1-bed apartments generate about 13.10% return on investment. 3-bedroom flats offer an ROI of about 12.77%. Whereas, the ROI of studio apartments averages at 7.07%.

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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
  • City School Holding International
  • Learning Tree Nursery

Jumeirah International Nursery 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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