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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 10 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.

Apartment TypeAverage Rental Price in AED
1-Bed114,500
2-Bed163,500
3-Bed218,500
Last updated 10 hours ago

Those looking to rent apartments in Tower B can expect these price trends.

For more options, one can browse apartments for rent in Business Bay.

Poolside 1BR | Burj Khalifa View | Larger Layout
1 Bed ● 2 Baths ● 1462.49 sqftAED14,900MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Burj Khalifa View | High-floor | Vacant | Fully Furnished
1 Bed ● 2 Baths ● 938.94 sqftAED130,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
1 BHK Apartment | Damac Towers By Paramount (B) | Impressive Amenities
1 Bed ● 2 Baths ● 938.94 sqftAED130,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Burj Khalifa View | High Floor | Fully Furnished
1 Bed ● 2 Baths ● 939 sqftAED135,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Luxury Furnished | Modern 3BR | Prime Location
3 Beds ● 3 Baths ● 1746 sqftAED179,999YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Luxurious Unit | High Floor | Fully Furnished | Bright & Spacious
1 Bed ● 2 Baths ● 939.15 sqftAED125,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Magnificent 2BR in Business Bay
2 Beds ● 2 Baths ● 1394 sqftAED19,499MonthlyTower 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 | Burj Khalifa View | Fully-furnished
1 Bed ● 2 Baths ● 928 sqftAED18,000MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Fully Furnished |  High Floor | Burj Khalifa View
1 Bed ● 2 Baths ● 928.93 sqftAED160,000YearlyTower 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
Ready To Move-in | Luxurious | Fully Furnished
1 Bed ● 2 Baths ● 964 sqftAED115,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
2BR Oasis with Community View in Damac Paramount
2 Beds ● 2 Baths ● 2075.28 sqftAED14,999MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Furnished | Ready to Move
1 Bed ● 2 Baths ● 1056 sqftAED120,000YearlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Luxury 3BR | Burj Khalifa View | Close to Dubai Mall
3 Beds ● 3 Baths ● 2005 sqftAED22,000MonthlyTower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
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infoLook for listings with the TruCheck™ badge as those have been validated by the Bayut team.
Apartment TypeAverage Sales Price in AED
1-Bed1,866,333
2-Bed2,463,250
3-Bed3,204,333
4-Bed2,785,000
Last updated 10 hours ago

Apartments for sale in Tower B have the following pricing details.

There are various other apartments for sale in Business Bay with different features and price tags.

HIGH ROI / LUXURY AMENITIES / PERFECT LOCATION
2 Beds ● 3 Baths ● 1745 sqftAED2,100,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
2 BR | Upgraded | Furnished | Burj Khalifa
2 Beds ● 3 Baths ● 1394 sqftAED2,750,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
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
Largest | 2BR | Fully Furnished | Community View
2 Beds ● 3 Baths ● 1516 sqftAED2,650,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Fully Furnished | High Floor | Luxury and Spacious
3 Beds ● 3 Baths ● 1932 sqftAED3,300,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Motivated Seller | Negotiable | Burj Khalifa View
1 Bed ● 2 Baths ● 929 sqftAED1,800,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Luxurious and Fully Furnished | High Floor
3 Beds ● 2 Baths ● 1744 sqftAED2,900,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
1 BR | Fully Furnished | Ready to move in
1 Bed ● 2 Baths ● 1055 sqftAED2,000,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Burj Khalifa View | Vacant
3 Beds ● 3 Baths ● 1744 sqftAED2,650,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
INVESTORS DEAL | HIGH ROI | BURJ KHALIFA VIEW
1 Bed ● 2 Baths ● 929 sqftAED1,750,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
Fully Furnished|1BHK| Dubai Creek View|High Floor
1 Bed ● 1 Bath ● 1055.19 sqftAED1,500,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
LUXURIOUS | FULLY FURNISHED | READY TO MOVE
2 Beds ● 3 Baths ● 1394 sqftAED2,380,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
FULLY FURNISHED | BRAND NEW | READY TO MOVE IN
2 Beds ● 3 Baths ● 1745.91 sqftAED2,100,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
High Floor | Burj Khalifa View | Motivated Seller
2 Beds ● 3 Baths ● 1407.6 sqftAED2,500,000Tower B, DAMAC Towers by Paramount Hotels and Resorts, Business Bay, Dubai, UAEApartments
| Genuine listing 2BR | Notice served | High Floor |
2 Beds ● 3 Baths ● 1516 sqftAED2,400,000Tower 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 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 10 hours ago

3-bedroom flats offer the highest ROI in Tower B of 12.19%. 1-bed apartments generate about 6.51% return on investment. 2-bedroom flats offer an ROI of about 5.98%.

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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.

Are you looking to buy or rent apartments in Paramount Tower B?

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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