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DAMAC Towers by Paramount Hotels And Resorts Dubai, DAMAC Properties
DAMAC Towers by Paramount Hotels And Resorts Dubai — project mark
With Paramount Hotels & Resorts

DAMAC Towers by Paramount Hotels And Resorts Dubai

Business Bay, Dubai

A completed Business Bay landmark of about 1,200 furnished residences with a Paramount hotel in the scheme. One and two-bedroom apartments, handed over by DAMAC in 2018.

Handed over — resale and rental enquiries through Wincasa

Developed by DAMAC Properties · Sold by Wincasa LLC

Paramount Hotels & Resorts is the hospitality brand DAMAC worked with on this development, and a Paramount hotel operates within it. The Paramount name is a third-party mark, stated here only as a fact about the building.

  • Starting price

    AED 1,959,000

    Developer's figure

  • Location

    Business Bay

  • Unit types

    1 BR · 2 BR

  • Handover

    Q3 2018

    Developer's stated date

On request

Reserved at the developer's own prices. Wincasa charges the buyer no brokerage fee on developer stock.

DAMAC Towers by Paramount Hotels And Resorts Dubai — project mark

Renders and photographs supplied by DAMAC Properties. Finishes, landscaping and views are indicative and may differ at handover.

Amenities on site

  • Swimming pool
  • Dine-in cinema
  • Gym
  • Dine-in cinema
  • Swimming pool

The amenities DAMAC Properties lists for DAMAC Towers by Paramount Hotels And Resorts Dubai.

Finished, furnished, still trading

This is a delivered building. DAMAC Properties completed the scheme in 2018 and residents moved in years ago, so anyone marketing it as a launch is misreading it. The towers rise 270 metres over Business Bay and hold roughly 1,200 furnished residences alongside a Paramount hotel, with the design taking its cues from Californian studio styling. Tower A is the residential address most buyers are looking at. What is on the market now is either resale stock from private owners or units the developer still holds, and the two routes work differently.

The developer lists one and two-bedroom apartments here, delivered furnished and finished to a premium standard, many with private balconies. DAMAC's published range runs from AED 1,959,000 to AED 3,169,000, the project is flagged as Golden Visa eligible, and a 20/80 payment split appears on the developer's page. Since the building is complete, that split applies to whatever developer stock remains rather than to a construction programme. Wincasa Properties, an authorised sales partner of DAMAC, confirms the current price and the terms actually on offer for a named apartment before anything is signed.

Facilities in the scheme, as DAMAC describes them, run to a temperature-controlled pool, a dine-in cinema modelled on Paramount screening rooms, a gym, spa facilities, valet service and family entertainment space. Paramount Hotels & Resorts is the hospitality brand DAMAC partnered with; the mark belongs to its owner and is noted here only as a fact about the building. On a developer sale the enquiry comes to Wincasa, the contract is signed with DAMAC Properties, and money goes into the project's escrow account under Dubai Land Department rules rather than to the broker.

Payment plan

DAMAC's page states a 20/80 split on this development. The towers are already complete, so the terms apply to remaining developer stock and Wincasa confirms with DAMAC what is available on the specific apartment.

  1. 20%On booking, per DAMAC's terms
  2. 80%Balance, per DAMAC's terms

The split DAMAC Properties publishes for DAMAC Towers by Paramount Hotels And Resorts Dubai. Milestone dates are set by the developer and issued with the reservation papers.

Instalments are paid into the project's escrow account under Dubai Land Department rules. Wincasa LLC handles the reservation and the paperwork and charges the buyer nothing for it.

The neighbourhood

Around Business Bay

DAMAC Towers by Paramount Hotels And Resorts Dubai sits in Business Bay, Dubai. The map below is centred on the plot coordinates published by DAMAC Properties; the places beside it are the landmarks the developer names around the project.

Close by

  • Dubai Polo & Equestrian Club
  • Global Village
  • Dubai International Stadium
  • Ras Al Khor Wildlife Sanctuary
  • Burj Khalifa
  • Dubai Mall
  • Dubai International Airport
  • Jumeirah Beach
  • Dubai World Trade Centre
  • Safa Park
  • Zabeel Palace
  • Meydan Racecourse

Landmarks as named by the developer. Ask Wincasa for driving times measured from the plot at the time you visit.

Other projects to consider

Chic Tower
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Couture by Cavalli
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DAMAC Breeze

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Elegance Tower

Elegance Tower

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Frequently asked questions

Register your interest

Tell Wincasa the unit type and budget you have in mind for DAMAC Towers by Paramount Hotels And Resorts Dubai. A consultant replies with what is released today, the developer's payment plan and the steps to reserve — at the developer's own price, with independent advice from the first call through to handover.

  • 145DAMAC Properties projects on Wincasa's list
  • 7Master communities covered, plus the standalone towers
  • No buyer feeReserved at the developer's published price

Your enquiry is received and answered by Wincasa Properties (Wincasa LLC), authorised sales partner. It is not sent to DAMAC Properties.

Wincasa Properties — authorised sales partner
DAMAC Towers by Paramount Hotels And Resorts Dubai — DAMAC Properties
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