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Damac Towers by Paramount

by DAMAC · Business Bay, Dubai

CompletedOn SaleHandover Q3 2019Branded

Damac Towers by Paramount is a branded off-plan development by DAMAC in Business Bay, Dubai. It offers apartments from 451 sqft to 1,517 sqft, priced from AED 1,135,050. Handover is scheduled for Q3 2019. Construction status: Completed.

AED 1.1M – AED 3.2MDamac Towers by Paramount price · sizes 451 sqft to 1,517 sqft · handover Q3 2019 · apartments

Damac Towers by Paramount — Key Facts

Developer
DAMAC
Emirate
Dubai
Area
Business Bay
Status
Completed
Sale status
On Sale
Construction start
Q1 2008
Handover
Q3 2019
Construction progress
100%
Price from
AED 1,135,050
Price to
AED 3,169,000
Unit sizes
451 sqft – 1,517 sqft
Unit types
Apartments
Total units
46
Floors
G + 69floors
Furnishing
Yes
Service charge
23.5 AED/sqft
Branded residence
Yes
Plot area
2,101,747 sqft
Escrow account
Tower A: 15808213, Tower B: 15808213, Tower D: 15808213, Tower C: 15808213

About Damac Towers by Paramount

Project general facts

Damac Towers by Paramount is an iconic mixed-use residential and hospitality development located in Dubai’s prestigious Burj area. The project consists of four striking towers rising approximately 270 metres above the city, with three towers dedicated to luxury residences and the fourth housing the Paramount Hotel. Inspired by the glamour of Hollywood, the development combines sophisticated architecture with cinematic design influences, offering a distinctive lifestyle experience in one of Dubai’s most sought-after locations near Downtown Dubai and the city’s major attractions.

The development features an extensive collection of premium amenities designed to reflect the luxury hospitality standards of the Paramount brand. A multi-level plaza connects all four towers and includes specialty restaurants, a dine-in cinema, wellness facilities, swimming pools, and a dedicated Kids Studio Club. Residents also benefit from access to the world-class facilities of the Paramount Hotel, creating an environment that blends residential comfort with five-star hotel services and entertainment-focused experiences.

The interiors are designed with exceptional attention to detail, combining elegant architectural finishes, thoughtfully planned layouts, and luxurious design elements inspired by the glamour of the film industry. Kitchens are fully equipped with modern appliances, while all residences are delivered fully furnished, creating a turnkey living experience that reflects the sophistication, comfort, and cinematic character of the Paramount brand.

Location description and benefits

Business Bay is one of Dubai’s most dynamic and fast-paced neighborhoods, known as the city's central business, commercial, and residential hub. Located just minutes from Downtown Dubai and the iconic Burj Khalifa, it offers a strategic location with seamless access to Sheikh Zayed Road and Al Khail Road. Business Bay is a prime destination for professionals, entrepreneurs, and investors looking to be at the heart of Dubai’s thriving economy, with a skyline defined by high-rise towers, luxury hotels, and modern office spaces.

Beyond its corporate appeal, Business Bay has evolved into a vibrant lifestyle destination. The area features a wide range of residential options, from upscale studios to spacious penthouses, many with stunning views of the Dubai Canal. Residents enjoy an urban lifestyle with access to fine dining, boutique cafes, waterfront promenades, gyms, and art spaces, all set against a backdrop of architectural elegance. The Dubai Water Canal also adds a touch of serenity, perfect for walks, boat rides, or simply enjoying the city lights by the water.

As one of the most well-connected and sought-after areas in Dubai, Business Bay continues to grow as a leading hub for luxury living and commercial innovation. Whether you're working, living, or investing, it offers the perfect blend of modern convenience, cosmopolitan energy, and high-end urban living — all in one prime location.

Damac Towers by Paramount Location & Map

Business Bay, Dubai — 25.18643, 55.29202

Open in Google Maps

Damac Towers by Paramount Video

Damac Towers by Paramount Master Plan

Damac Towers by Paramount Amenities & Facilities

  • Fitness Centre
  • Eat And Drink
  • Swimming Pool
  • Dine-In Cinema
  • Wellness Features

Damac Towers by Paramount Floor Plans, Unit Sizes & Prices

Studio Apartments

AED 1,135,050

Size:
451 sqft – 637 sqft
Price up to:
AED 1,684,200
AED / sqft:
2,422

1 bedroom Apartments

AED 1,957,000

Size:
929 sqft – 1,155 sqft
Price up to:
AED 2,757,300
AED / sqft:
2,105

2 bedroom Apartments

AED 2,900,000

Size:
1,407 sqft – 1,517 sqft
Price up to:
AED 3,169,000
AED / sqft:
2,046

Damac Towers by Paramount Payment Plan

Payment PlanPost-handover

  1. 20%

    On booking

  2. 80%

    Post Handover

    • 56% — From 3 to 24 months after booking (7% quarterly)
    • 24% — From 27 to 36 months after booking (6% quarterly)

Total: 100%

Damac Towers by Paramount Brochure & Floor Plan PDF Downloads

Damac Towers by Paramount — Frequently Asked Questions

What is Damac Towers by Paramount?
Damac Towers by Paramount is a branded off-plan development by DAMAC in Business Bay, Dubai. It offers apartments from 451 sqft to 1,517 sqft, priced from AED 1,135,050. Handover is scheduled for Q3 2019. Construction status: Completed.
Where is Damac Towers by Paramount located?
Damac Towers by Paramount is located in Business Bay, Dubai, United Arab Emirates (coordinates 25.18643, 55.29202). The exact position is shown on the map on this page.
What is the price of Damac Towers by Paramount?
Prices at Damac Towers by Paramount start from AED 1,135,050 to AED 3,169,000 across 3 published unit configurations. Per-unit prices, sizes and AED per sqft are listed in the units section of this page.
Who is the developer of Damac Towers by Paramount?
Damac Towers by Paramount is developed by DAMAC. All other off-plan projects by DAMAC are listed on the developer page linked from this page.
When is the handover of Damac Towers by Paramount?
Handover of Damac Towers by Paramount is scheduled for Q3 2019, with construction starting Q1 2008. Construction is currently around 100% complete.
What is the payment plan for Damac Towers by Paramount?
Damac Towers by Paramount has one published payment plan. Each milestone and its percentage is shown in the payment plan timeline on this page.
What unit types are available at Damac Towers by Paramount?
Damac Towers by Paramount offers studio, 1-bedroom and 2-bedroom apartments, with sizes from 451 sqft to 1,517 sqft, across roughly 46 units.
Are floor plans available for Damac Towers by Paramount?
Yes. Floor plans and unit layouts for Damac Towers by Paramount are shown on this page, with a downloadable floor plan PDF where the developer has released one.
How can I download the Damac Towers by Paramount brochure?
The official Damac Towers by Paramount brochure PDF is available from the downloads section on this page. Register your details once and the brochure opens immediately.
Is there a master plan for Damac Towers by Paramount?
Yes. The Damac Towers by Paramount master plan drawings published by DAMAC are shown in full on this page and can be enlarged.
What amenities does Damac Towers by Paramount have?
Damac Towers by Paramount includes 5 published amenities, among them fitness centre, eat and drink, swimming pool, dine-in cinema and wellness features.
What is the service charge at Damac Towers by Paramount?
The published service charge for Damac Towers by Paramount is 23.5 AED/sqft. Service charges are set by the managing company and can change after handover.
Can foreigners buy property at Damac Towers by Paramount?
Damac Towers by Paramount is an off-plan development in Business Bay, Dubai. Freehold eligibility depends on the plot designation registered with the relevant land department, which is stated in the sale and purchase agreement issued by DAMAC.
Is Damac Towers by Paramount furnished?
Damac Towers by Paramount is delivered yes.

More detail on Damac Towers by Paramount

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