Business Bay · DAMAC

Damac Towers by Paramount

Key facts

Starting price
AED 1,135,050
Status
Ready
Launch date
March 2008
Handover
Q3 2019
Construction
Mar 2008 to Sep 2019
Community
Business Bay
Developer
DAMAC
Bedrooms
Studio–3
Sizes
451–2,014 sqft
Furnishing
Furnished
Parking
1 to 2 spaces
Service charge
AED 23.5 per sq ft a year
Escrow
RegisteredNo. 15808213

About the project

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.

The developer

DAMAC

27 projects on the market, from AED 734,000

All DAMAC projects

Payment plan

  • 20% on booking
  • 80% after handover

Unit types

UnitSize (sqft)Price (AED )
Studio, plan 1476 sqftAED 1,220,100
Studio, plan 2637 sqftAED 1,666,350
Studio, plan 3484 sqftAED 1,293,600
Studio, plan 4637 sqftAED 1,684,200
Studio, plan 5488 sqftAED 1,246,000
Studio, plan 6620 sqftAED 1,583,000
Studio, plan 7637 sqftAED 1,692,600
Studio, plan 8620 sqftAED 1,667,400
Studio, plan 9492–492 sqftAED 1,285,200–1,352,400
Studio, plan 10451 sqftAED 1,135,050
Studio, plan 11452 sqftAED 1,178,100
Studio, plan 12497 sqftAED 1,204,000
Studio, plan 13479 sqftAED 1,193,000
1 bed, plan 1929 sqftAED 1,959,000
1 bed, plan 2948 sqftAED 2,021,000
1 bed, plan 3929 sqftAED 1,980,000
1 bed, plan 41,055 sqftAED 2,224,000
1 bed, plan 51,055 sqftAED 2,246,000
1 bed, plan 6965 sqftAED 2,131,000
1 bed, plan 71,123 sqftAED 2,709,000
1 bed, plan 81,123 sqftAED 2,710,050
1 bed, plan 91,155 sqftAED 2,749,950
1 bed, plan 101,123 sqftAED 2,711,100
1 bed, plan 111,155 sqftAED 2,752,050
1 bed, plan 121,065 sqftAED 2,572,500
1 bed, plan 131,155 sqftAED 2,754,150
1 bed, plan 141,065 sqftAED 2,574,600
1 bed, plan 151,123 sqftAED 2,714,250
1 bed, plan 161,123 sqftAED 2,715,300
1 bed, plan 171,155 sqftAED 2,756,250
1 bed, plan 181,123 sqftAED 2,716,350
1 bed, plan 191,155 sqftAED 2,757,300
1 bed, plan 201,055–1,056 sqftAED 2,300,000–2,326,000
1 bed, plan 21939–948 sqftAED 1,980,000–1,996,000
1 bed, plan 22929 sqftAED 1,957,000
2 bed, plan 11,515 sqftAED 3,091,000
2 bed, plan 21,394 sqftAED 2,903,000
2 bed, plan 31,515 sqftAED 3,113,000
2 bed, plan 41,388–1,388 sqftAED 2,915,000–2,917,000
2 bed, plan 51,517–1,517 sqftAED 3,149,000–3,196,000
2 bed, plan 61,515 sqftAED 3,112,000
2 bed, plan 71,515 sqftAED 3,076,000
2 bed, plan 81,511 sqftAED 3,093,000
2 bed, plan 91,407 sqftAED 2,900,000
2 bed, plan 101,469 sqftAED 3,169,000
3 bed, plan 12,014 sqftAED 4,132,000
4 bed, plan 12,801 sqftAED 5,515,000

Floor plans

Master plan

Buildings

  • Tower B

  • Tower A

  • Tower C

  • Tower D

Amenities

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

Location

Business Bay, Dubai. Open in Google Maps

Homes and projects in Business Bay

Brochure

Homes to rent in Damac Towers by Paramount

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