DAMAC Towers by Paramount, Business Bay
- Floor plans
- Renting property
- Buying property
- Service charges
- Getting around
- Restaurants nearby
About DAMAC Towers by Paramount
DAMAC Towers by Paramount Hotels & Resorts is a Hollywood-inspired four-tower complex standing tall in the vibrant financial district of Business Bay. It was launched in March 2013 by Paramount Hotels & Resorts in collaboration with DAMAC Properties. The master development consists of four towers, each having 68 floors and rising 270 metres high. The three residential towers feature 1,200 luxurious serviced suites while the fourth tower houses the stunning Paramount Hotel with 800 extravagant rooms.
The four DAMAC Paramount Towers are connected by a multi-level plaza that houses a variety of restaurants, chic bars, swimming pools, kids’ play areas, screening room and state-of-the-art fitness centres.
Residential units in DAMAC Paramount Towers boast contemporary elements and impressive amenities. One can choose from studio to 3-bedroom apartments. Living here gives residents the chance to enjoy the utmost luxurious lifestyle while being close to Downtown Dubai.
IN A NUTSHELL
- Located in the bustling district of Business Bay
- A Hollywood-inspired complex of four skyscrapers
- Three towers house 1,200 residential apartments
- The 68-storey hotel with 800 rooms is managed by Paramount Hotels & Resorts
- A multi-level plaza connects all four towers
- Has eight restaurants, bars and lounges
- Meetings and events facilities
- Wellness & fitness centre
- Quick access to The Dubai Mall and Burj Khalifa
- State-of-the-art facilities including gyms, wellness centre, swimming pools and kids’ area
Facilities in DAMAC Towers by Paramount
Residents can find well-maintained parking in DAMAC Towers by Paramount. One can also make use of the valet services available in the complex.
On-site parking facility is available for DAMAC Paramount visitors. Apart from this, Bay Square free parking lot is also a few minutes away.
There are high-speed elevators in DAMAC Towers.
The tower has a dedicated area for meetings and events.
Gym and Fitness Facilities
Quick access to the gym in DAMAC Towers is a huge perk. The complex has two well-equipped and thoughtfully designed fitness centres to provide convenient services to residents and hotel guests. Positioned amidst the stunning surroundings, all swimming pools in the glorious towers allow residents to kick back and enjoy. Residents can also find a pool bar, an outdoor pool and a Jacuzzi and a hot tub. Please note that some facilities might have additional charges. You can also find swimming pool toys for kids.
DAMAC Paramount hotel apartments have an area reserved exclusively for the little ones. Parents can safely leave kids here if they are heading out as it is safe and has tons of activities to keep the kids busy.
Concierge and Guest Services
Concierge services in DAMAC Towers are managed by DAMAC Maison. You will be provided high-end apartment services at your fingertips.
DAMAC Towers by Paramount Hotels and ResortsFloor Plans
- 1-bedroom apartments in DAMAC Towers by Paramount consist of seven different unit types
- 2-bedroom apartments in DAMAC Towers by Paramount consist of four different unit types
- 3-bedroom apartments in DAMAC Towers by Paramount consist of four different unit types
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
The three residential skyscrapers in DAMAC Paramount house 1,200 serviced apartments while one can find 800 hotel rooms in the Paramount Hotel. Residential flats in DAMAC Royale are available as studios as well as 1, 2 and 3-bedroom apartments.
Studio Apartments in DAMAC Towers by Paramount
Studio apartments in the DAMAC Paramount complex offer spacious, fully embellished rooms. Featuring full-length windows, the apartments have adequate natural light coming in during the day. With covered areas starting from 491 sq. ft., the studios are designed thoughtfully to provide the occupant with comfortable living experience.
1-Bedroom Apartments in DAMAC Towers by Paramount
1-bedroom apartments in DAMAC Towers by Paramount Hotels and Resorts have varying covered areas; however, the difference is not huge. Ranging from 841 sq. ft. to 1,055 sq. ft., the apartments are designed to have spacious rooms. The residential units are fully furnished and the kitchens have modern appliances.
2-Bedroom Apartments in DAMAC Towers by Paramount
When looking for a 2-bedroom apartment in Paramount Towers, note that the floor area ranges from 1,112 to 1,582 sq. ft. With spacious balconies boasting stunning views of Dubai skyline, the apartments are well-lit. The rooms are fully furnished and the space allocations are thoughtfully planned.
3-Bedroom Apartments in DAMAC Towers by Paramount
Having covered areas ranging from 1,557 to 2,028 sq. ft., 3-bedroom apartments in DAMAC Royale are available in four different configurations. Most apartments have 3 bathrooms but some units have 4 bathrooms. Embellished with high-end finishings, these apartments offer panoramic views of Business Bay.
Most Popular Apartment Types in DAMAC Towers by Paramount
Based on searches conducted by users on Bayut.com over the past 12 months
The most popular apartments in DAMAC Towers by Paramount Hotels & Resorts are the 1-bedroom apartments. These are followed by 2-bedroom apartments and studios on the second and third spot, respectively. Wrapping up the popularity list are 3-bedroom apartments.
Rental Trends in DAMAC Towers by Paramount
- Rents for 1-bedroom apartments in DAMAC Towers range from AED 75k to AED 120k yearly.
- For 2-bedroom units, the rental prices start from AED 110k increasing up to AED 149k per annum.
- 3-bedroom apartments in DAMAC Towers are available for AED 170k to AED 190k per year.
Apartments for rent in DAMAC Towers by Paramount feature cosy dining and living areas with high-standard finishing. DAMAC Tower by Paramount residents can pay the rent via four cheques. However, it is best to first consult the landlord about the requirements. People interested in residing in the area can also check out other apartments for rent in Business Bay with similar facilities and benefits.
Sale Trends in DAMAC Towers by Paramount
- The sales prices for studio apartments in DAMAC Towers by Paramount start from AED 600k and go up to AED 1.4M.
- 1-bedroom apartments for sale can cost AED 1.1M to AED 2.3M.
- 2-bedroom apartments for sale in DAMAC Towers range from AED 1.7M to AED 3.3M.
- The 3-bedroom apartments in DAMAC Towers can be purchased for AED 2.6M to AED 3.4M.
Rental Yield in DAMAC Towers by Paramount
Based on searches conducted by users on Bayut.com over the past 12 months
The return on investment (ROI) offered by 1-bedroom apartments in DAMAC Towers is an impressive 6.3%. Other apartment types are not far behind; the 3-bedroom apartments have an ROI of 5.6% while the ROI for 2-bedroom apartments stands at 5.4%.
Transportation near DAMAC Towers by Paramount
DAMAC Tower by Paramount residents can conveniently travel to the eastern side of the emirate via Al Abraj Street which later connects to Ras Al Khor Road. Professionals working in Business Bay can easily reach the complex within 5 minutes.
One can find multiple options of public transportation near DAMAC Royale.
Bus Stations near DAMAC Towers by Paramount
There are multiple bus stops on Al Abraj Street, which is only a short drive from the residential complex.
Metro Stations near DAMAC Towers by Paramount
Since Downtown Dubai and Business Bay have several metro stations, finding the Dubai Metro isn’t a struggle. Residents can head to Financial Centre Metro Station and Business Bay Metro Station.
Restaurants near DAMAC Towers by Paramount
The multi-level plaza connecting the four DAMAC Paramount Towers has various restaurants. With a number of delectable menus at hand, residents can enjoy global delicacies whenever they want. Moreover, many outlets have Hollywood themes to give diners an experience like no other.
Popular restaurants in Business Bay Dubai near DAMAC Towers by Paramount Hotels & Resorts include:
- Fuchsia Urban Thai
- Taipei Dao
- Zen Restaurant
- The Espresso Lab
Fuchsia is a popular Asian restaurant. Its popular dishes are papaya salad, lemongrass chicken wings and the classic red and green Thai curries. Those looking for places to enjoy vegan desserts in Dubai can head to Fuchsia and try banana fritter and hazelnut spring rolls.
Taipei Dao is a healthy option for Taiwanese and Chinese food. The restaurant claims to serve food that’s free of chemicals and additives. The eatery is 10 minutes away from the complex.
Those who prefer fine dining can head to:
- Naisa Oriental Restaurant
- La Serre
- La Postreria
Naisa Oriental Restaurant is part of Gulf Court Hotel in Business Bay. It offers flavourful dishes from Sri Lanka, Malaysia, Japan and India. The seating area can accommodate 70 persons. La Serre can be spotted in the heart of Downtown Dubai. The restaurant has a French menu and offers lunch and dinner. La Serre is 10 minutes away from the building.
In addition to these, the ideal location of the residential complex opens a plethora of food options. One can head to the nearby Bay Square to explore a range of flavours in one place.
Supermarkets near DAMAC Towers by Paramount
For the daily grocery needs of residents, there are a few supermarkets near DAMAC Towers by Paramount Hotels & Resorts such as:
- West Zone Supermarket
West Zone Supermarket and a convenience store 7-Eleven are just around the corner. There is a Carrefour Market in Burj View Towers. In addition to this, W Mart Fresh and Spinneys are also within close vicinity.
- Vezul Tower – residential building
- Churchill Residence – residential building
- Art Tower XV – residential building
All these buildings have a good set of facilities for their residents.
Some ‘must-see’ Dubai landmarks are located within a few miles radius, such as:
- Dubai Mall
- Burj Khalifa
- Dubai Opera
A mere 6-minute drive away lies The Dubai Mall. Here you can find a galore of the most coveted brands. The majestic shopping destination is not only enormous but also boasts an outstanding architectural experience for the visitors. The mega recreational centre also flaunts a range of thrilling entertainment venues including the famous Dubai Fountain, Dubai Dino, Dubai Aquarium and Underwater Zoo, VR Park and more.
The tallest building in the world, Burj Khalifa, is approximately 4 km away from DAMAC Towers by Paramount, Dubai.
Dubai Opera has redefined the cultural experience in the city. The venue has hosted spectacular Broadways hits and worldwide sensations.
THINGS TO CONSIDER
Apartments in DAMAC Towers by Paramount Hotels and Resorts are furnished with high-end embellishments. The residential complex provides state-of-the-art facilities. An important point to note is that pets are not allowed in the building. Being in the esteemed Burj area, the prices in the new development may see an increment given its ideal location, glorious architecture and impressive facilities.