DubainaryDubainary.

Paramount Tower Hotel And Residences

by DAMAC · Business Bay, Dubai

CompletedOn SaleHandover Q3 2019Branded

Paramount Tower Hotel And Residences is a branded off-plan development by DAMAC in Business Bay, Dubai. It offers apartments from 520 sqft to 1,049 sqft, priced from AED 1,359,750. Handover is scheduled for Q3 2019. Construction status: Completed.

AED 1.4M – AED 2.6MParamount Tower Hotel And Residences price · sizes 520 sqft to 1,049 sqft · handover Q3 2019 · apartments

Paramount Tower Hotel And Residences — Key Facts

Developer
DAMAC
Emirate
Dubai
Area
Business Bay
Status
Completed
Sale status
On Sale
Construction start
Q3 2015
Handover
Q3 2019
Construction progress
100%
Price from
AED 1,359,750
Price to
AED 2,613,450
Unit sizes
520 sqft – 1,049 sqft
Unit types
Apartments
Total units
9
Floors
G + 63floors
Furnishing
Yes
Service charge
23.5 AED/sqft
Branded residence
Yes
Plot area
829,346 sqft
Escrow account
Tower: 1001698784

About Paramount Tower Hotel And Residences

Project general facts

The Paramount Tower Hotel and Residences is a 63-storey mixed-use development combining hospitality, residential living, and retail functions within a single high-rise structure. The building features retail spaces on the ground floor, a hotel occupying floors 5 to 25, and luxury residences located from floors 26 to 63. The project is designed under the Paramount Hotels & Resorts concept, integrating a cohesive architectural approach that blends hotel services with private residential living, creating a unified vertical community.

The amenities within the tower are aligned with the Paramount signature lifestyle offering, providing a strong focus on entertainment and comfort. Residents and guests benefit from hotel-style services as well as curated leisure facilities, including access to a cinematic experience concept with a home theatre environment and a dedicated library of Paramount Pictures films. The development is tailored to deliver a hospitality-driven living experience, combining residential privacy with full hotel infrastructure and services.

The interiors feature fully furnished apartments with a functional and comfortable layout. Kitchens are fully equipped with appliances, supporting ready-to-move-in living standards. Finishing is completed with high-quality materials in a modern style, consistent with the overall luxury positioning of the development, ensuring a polished and contemporary residential environment without requiring additional furnishing.

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.

Paramount Tower Hotel And Residences Location & Map

Business Bay, Dubai — 25.19342, 55.26544

Open in Google Maps

Paramount Tower Hotel And Residences Video

Paramount Tower Hotel And Residences Master Plan

Paramount Tower Hotel And Residences Amenities & Facilities

  • State Of Art Wellness Facilities
  • Axis Of Action
  • Mixologist Bar
  • Sky Hotel Lobby
  • 235m High Infinity Pool
  • World-Class Chefs And Inspired Menus
  • Meeting Rooms

Paramount Tower Hotel And Residences Floor Plans, Unit Sizes & Prices

Studio Apartments

AED 1,359,750

Size:
520 sqft – 520 sqft
AED / sqft:
2,613

1 bedroom Apartments

AED 2,613,450

Size:
1,049 sqft
AED / sqft:
2,490

Paramount Tower Hotel And Residences Payment Plan

Payment Plan

  1. 100%

    On booking

Total: 100%

Paramount Tower Hotel And Residences Brochure & Floor Plan PDF Downloads

Paramount Tower Hotel And Residences — Frequently Asked Questions

What is Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences is a branded off-plan development by DAMAC in Business Bay, Dubai. It offers apartments from 520 sqft to 1,049 sqft, priced from AED 1,359,750. Handover is scheduled for Q3 2019. Construction status: Completed.
Where is Paramount Tower Hotel And Residences located?
Paramount Tower Hotel And Residences is located in Business Bay, Dubai, United Arab Emirates (coordinates 25.19342, 55.26544). The exact position is shown on the map on this page.
What is the price of Paramount Tower Hotel And Residences?
Prices at Paramount Tower Hotel And Residences start from AED 1,359,750 to AED 2,613,450 across 2 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 Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences 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 Paramount Tower Hotel And Residences?
Handover of Paramount Tower Hotel And Residences is scheduled for Q3 2019, with construction starting Q3 2015. Construction is currently around 100% complete.
What is the payment plan for Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences 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 Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences offers studio and 1-bedroom apartments, with sizes from 520 sqft to 1,049 sqft, across roughly 9 units.
Are floor plans available for Paramount Tower Hotel And Residences?
Yes. Floor plans and unit layouts for Paramount Tower Hotel And Residences are shown on this page, with a downloadable floor plan PDF where the developer has released one.
How can I download the Paramount Tower Hotel And Residences brochure?
The official Paramount Tower Hotel And Residences 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 Paramount Tower Hotel And Residences?
Yes. The Paramount Tower Hotel And Residences master plan drawings published by DAMAC are shown in full on this page and can be enlarged.
What amenities does Paramount Tower Hotel And Residences have?
Paramount Tower Hotel And Residences includes 7 published amenities, among them state of art wellness facilities, axis of action, mixologist bar, sky hotel lobby, 235m high infinity pool and world-class chefs and inspired menus.
What is the service charge at Paramount Tower Hotel And Residences?
The published service charge for Paramount Tower Hotel And Residences is 23.5 AED/sqft. Service charges are set by the managing company and can change after handover.
Can foreigners buy property at Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences 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 Paramount Tower Hotel And Residences furnished?
Paramount Tower Hotel And Residences is delivered yes.

More detail on Paramount Tower Hotel And Residences

Other Off-Plan Projects in Business Bay, Dubai