DAMAC Towers by Paramount Hotels & Resorts

DAMAC Towers by Paramount Hotels & Resorts in Business Bay

TL;DR Summary:

• Developer: Damac Properties
• Location: Business Bay
• Status: Ready (Completed 2018-2020)
• Starting Price: AED 599,000
• Unit Types: Studio to 3-bedroom luxury serviced residences and hotel rooms.
• Key Feature: A magnificent four-tower, 68-storey complex offering Hollywood-inspired luxury and envious views of the Burj Khalifa.

DAMAC Towers by Paramount Hotels & Resorts is an extraordinarily prestigious, globally recognized architectural marvel masterfully developed by Damac Properties in the dynamic heart of Business Bay. Launched in March 2013 and successfully completed between late 2018 and 2020, this striking complex consists of four magnificent skyscrapers, each soaring approximately 270 meters (890 feet) with 68 storeys. The development is set in one of the most sought-after locations on earth, purposefully designed to offer residents and guests envious, uninterrupted views of the world's tallest building, the world's largest dancing fountain, and the world's busiest mall. Three of the towers operate as luxury private residences, while the fourth houses the iconic Paramount Hotel, bringing the glamour of Hollywood directly to Dubai.

The complex offers a highly extensive and elite portfolio of residential and hospitality units. The three residential towers house approximately 1,200 luxury serviced apartments, while the hotel tower offers up to 800 premium rooms. Discerning buyers and investors can choose from a versatile selection of highly efficient studios, alongside spacious 1, 2, and 3-bedroom luxury apartments. The residences are celebrated for their highly functional layouts, arriving fully furnished with bespoke Hollywood-themed aesthetics, fully-fitted modern kitchens, and elegant living spaces. According to verified real estate records, starting prices for these high-demand, fully serviced assets are anchored at an incredibly attractive AED 599,000, ensuring strong rental yields through a unique rental pool scheme managed by DAMAC Maison.

Living or staying at DAMAC Towers by Paramount grants exclusive access to an incredible suite of world-class, resort-style amenities. The four towers meet at a spectacular multi-level podium plaza, which serves as the vibrant heart of the development.

The plaza features a wide array of premium food and beverage concepts, a dedicated Hollywood screening room, and state-of-the-art wellness and fitness centers. Residents enjoy expansive, temperature-controlled swimming pools, a dedicated kids club, luxurious spa facilities, and high-end retail merchandise outlets. With comprehensive concierge services, 24-hour valet parking, and seamless connectivity to Downtown Dubai, DAMAC Towers by Paramount remains the definitive choice for sophisticated, fully serviced urban living.