Paramount Tower Hotel & Residences

Paramount Tower Hotel & Residences by Damac Properties in Business Bay

TL;DR Summary:

• Developer: Damac Properties (Paramount Hotels & Resorts)
• Location: Sheikh Zayed Road, Business Bay
• Status: Ready (Completed Q3 2019 - 2021)
• Starting Price: AED 2,100,000
• Unit Types: Studio to 3-bedroom luxury hotel rooms and private residences.
• Key Feature: 63-storey Hollywood-inspired skyscraper featuring a spectacular rooftop infinity pool and a private screening room.

Paramount Tower Hotel & Residences is an extraordinary and highly prestigious 63-storey luxury skyscraper masterfully developed by Damac Properties in the dynamic heart of Business Bay. Perfectly situated directly on the iconic Sheikh Zayed Road, this striking high-rise offers not only a sublime urban setting but a truly cinematic living experience inspired by the glamour of Hollywood. Successfully completed between late 2019 and 2021, the tower seamlessly blends a world-class hotel (occupying floors 15 to 25) with an elite collection of private luxury residences (spanning floors 26 to 63). Designed to represent the signature of ultimate luxury, the development is a fantastic, high-yield opportunity for the discerning global investor.

The tower offers an exclusive and meticulously curated portfolio of premium hospitality and residential units. Discerning buyers can choose from a versatile selection of beautifully tailored hotel rooms designed to inspire creativity, alongside highly spacious 1, 2, and 3-bedroom private luxury apartments. The residences are celebrated for their highly functional layouts, arriving fully furnished with high-end, bespoke finishes, fully equipped kitchens, and separate living and dining areas. Every apartment features expansive floor-to-ceiling windows that maximize natural light and offer commanding, uninterrupted landmark views of the glittering Business Bay skyline and the Burj Khalifa. According to verified real estate records, starting prices for these high-demand assets are currently anchored at AED 2,100,000.

Living or staying at Paramount Tower grants exclusive access to an incredible suite of world-class, resort-style amenities. The absolute highlight of the development is the spectacular rooftop infinity swimming pool with a sprawling terrace.

Residents and guests enjoy a state-of-the-art fitness and wellness center, luxurious spa facilities, and unique entertainment options including a spectacular in-room home theatre and access to a library of Paramount films. The building ensures absolute convenience with high-end retail outlets on the ground floor, exclusive restaurants and lounges, 24-hour valet parking, and comprehensive concierge services. Paramount Tower Hotel & Residences by Damac Properties remains the definitive choice for a fashionable, Hollywood-inspired lifestyle.