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Paramount Tower B, Business BayReady

Paramount Tower B, Business Bay

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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
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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.

1-Bed
2-Bed
3-Bed
4-Bed
0%40%80%120%160%200%
Based on searches conducted by users in Bayut.com over the last 12 months. Last updated 7 hours ago

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

AED 145,000 Yearly Renewal16 Jun 2025
Tower B
Apartments2 Beds
Built-Up: 1517 sqft Duration: 12 months
AED 100,000 Yearly Renewal9 Jun 2025
Tower B
Apartments1 Bed
Built-Up: 1055 sqft Duration: 12 months
AED 190,000 Yearly New6 Jun 2025
Tower B
Apartments3 Beds
Built-Up: 1744 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.

Apartment TypeAverage Rental Price in AED
1-Bed114,000
2-Bed156,000
3-Bed227,000
Based on property listings on Bayut.com over the last 12 months. Last updated 7 hours ago
Burj Khalifa View | 2-Bedroom with Premium Features | All Bills Covered
AED16,990Monthly
beds
2
baths
3
area
1,394 sqft
Burj Khalifa View | 2-Bedroom with Premium Features | All Bills CoveredTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Move In Today: Spacious 1BR | Burj Khalifa View | Expansive Layout | All Bills Covered
AED10,990Monthly
beds
1
baths
2
area
1,462 sqft
Move In Today: Spacious 1BR | Burj Khalifa View | Expansive Layout | All Bills CoveredTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Large Terrace | 2 Bedroom Serviced
AED20,000Monthly
beds
2
baths
3
area
1,582 sqft
Large Terrace | 2 Bedroom ServicedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | Fully-Furnished | Sea and City View
AED103,000Yearly
beds
1
baths
2
area
1,055 sqft
High Floor | Fully-Furnished | Sea and City ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxury | All Bills | Free Cleaning | Near Dubai Mall
AED13,999Monthly
beds
3
baths
3
area
1,744 sqft
Luxury | All Bills | Free Cleaning | Near Dubai MallTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Burj khalifa view | Fully Furnished | High Floor
AED105,000Yearly
beds
1
baths
2
area
939 sqft
Burj khalifa view | Fully Furnished | High FloorTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished 1BR | Burj View | Ready to Move
AED120,000Yearly
beds
1
baths
2
area
928 sqft
Furnished 1BR | Burj View | Ready to MoveTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxury 1BR | Paramount Tower | Furnished
AED110,000Yearly
beds
1
baths
2
area
933 sqft
Luxury 1BR | Paramount Tower | FurnishedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Burj Khalifa View | High Floor | Specious Layout
AED179,900Yearly
beds
2
baths
3
area
1,388 sqft
Burj Khalifa View | High Floor | Specious LayoutTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious Furnished | 2BR with Balcony | Vacant
AED134,995Yearly
beds
2
baths
3
area
1,515 sqft
Luxurious Furnished | 2BR with Balcony | VacantTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Furnished 2BR | Burj and Canal View | Huge Balcony
AED185,000Yearly
beds
2
baths
2
area
1,388 sqft
Furnished 2BR | Burj and Canal View | Huge BalconyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BURJ KHALIFA VIEW | HUGE LAYOUT | PRIME LOCATION
AED109,999Yearly
beds
1
baths
2
area
939 sqft
BURJ KHALIFA VIEW | HUGE LAYOUT | PRIME LOCATIONTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Elevated Elegance | Prime Location | High Demand
AED130,000Yearly
beds
1
baths
1
area
1,056 sqft
Elevated Elegance | Prime Location | High DemandTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
BRAND NEW | FULLY FURNISHED | HIGHER FLOOR | NEGOTIABLE IN PRICE
AED120,000Yearly
beds
1
baths
2
area
1,055 sqft
BRAND NEW | FULLY FURNISHED | HIGHER FLOOR | NEGOTIABLE IN PRICETower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxurious 2BHK in Business Bay with Burj Khalifa & City Views
AED17,000Monthly
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
infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
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Recent Sale Transactions in Tower B

AED 2,275,00019 May 2025
Tower B
Apartments2 Beds
Built-Up: 1515 sqft
AED 2,200,00014 May 2025
Tower B
Apartments2 Beds
Built-Up: 1515 sqft
AED 1,465,3976 May 2025
Tower B
Apartments1 Bed
Built-Up: 1055 sqft
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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.

Apartment TypeAverage Sales Price in AED
1-Bed1,846,750
2-Bed2,549,500
3-Bed3,323,333
Based on property listings on Bayut.com over the last 12 months. Last updated 7 hours ago
Lowest on Market / Investment Opportunity / Attractive Location
AED2,000,000
beds
2
baths
2
area
1,515 sqft
Lowest on Market / Investment Opportunity / Attractive LocationTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High ROI | Burj Views | Fully Furnished
AED1,750,000
beds
1
baths
2
area
939 sqft
High ROI | Burj Views | Fully FurnishedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Very High Floor | Top Quality | Fully Furnished
AED2,300,000
beds
2
baths
2
area
1,513 sqft
Very High Floor | Top Quality | Fully FurnishedTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | Burj View | Vacant On Transfer
AED2,799,000
beds
3
baths
3
area
1,744 sqft
High Floor | Burj View | Vacant On TransferTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | City View | Investors Deal
AED2,290,000
beds
2
baths
2
area
1,515 sqft
High Floor | City View | Investors DealTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Luxury Living | Motivated Seller | Prime Location
AED1,635,000
beds
1
baths
2
area
928 sqft
Luxury Living | Motivated Seller | Prime LocationTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Exclusive | Burj Khalifa View | Vacant
AED1,650,000
beds
1
baths
2
area
965 sqft
Exclusive | Burj Khalifa View | VacantTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
HIGH ROI / LUXURY AMENITIES / PERFECT LOCATION
AED1,650,000
beds
1
baths
2
area
1,055 sqft
HIGH ROI / LUXURY AMENITIES / PERFECT LOCATIONTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Burj Khalifa View | Vacant | Investor Deal
AED1,550,000
beds
1
baths
2
area
929 sqft
Fully Furnished | Burj Khalifa View | Vacant | Investor DealTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | 1 Bedroom  | Burj Khalifa View
AED1,700,000
beds
1
baths
2
area
928 sqft
Fully Furnished | 1 Bedroom | Burj Khalifa ViewTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
Fully Furnished | Burj View | Top Amenities
AED1,650,000
beds
1
baths
2
area
938 sqft
Fully Furnished | Burj View | Top AmenitiesTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
FULLY FURNISHED | POOL VIEW | RENTED
AED1,500,000
beds
1
baths
2
area
1,055 sqft
FULLY FURNISHED | POOL VIEW | RENTEDTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAE
High Floor | Burj Khalifa View | Prime Location
AED3,300,000
beds
3
baths
4
area
1,747 sqft
High Floor | Burj Khalifa View | Prime LocationTower B, 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
Furnished | Spacious Unit | Prime location
AED1,900,000
beds
1
baths
2
area
929 sqft
Furnished | Spacious Unit | Prime locationTower B, 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 Paramount Tower B

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 7 hours ago

3-bedroom flats offer the highest ROI in Tower B of 7.06%. 2-bedroom flats generate about 7.02% return on investment. 1-bed apartments offer an ROI of about 6.81%.

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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.

Metro Station in Business Bay
Metro Station in Business Bay

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.

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
The view of Burj Khalifa

Burj Khalifa is the world’s tallest building standing 828m above the ground. The architectural masterpiece is a 15-minute drive away.

The Dubai Mall
The entrance of Dubai Mall

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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