Business Bay

Paramount Tower Hotel

Price
Launched from AED 1,359,750
Status
Ready
Developer
DAMAC

In short

  • Paramount Tower Hotel is a completed project by DAMAC in Business Bay, Dubai.
  • Apartments, studio to 1 bedroom, 520–1,049 sqft.
  • It launched from AED 1,359,750.
  • Construction is complete.
  • Service charge: AED 23.5 per sqft a year.
  • Escrow account no. 1001698784.
  • Found can look for a unit for you, from the developer, from an owner or to rent.

Launched · Prices checked

Key facts

Launch date
July 2015
Handover
Q3 2019
Construction
Jul 2015 to Sep 2019
Community
Business Bay
Property types
Apartment
Bedrooms
Studio–1
Sizes
520–1,049 sqft
Furnishing
Furnished
Parking
1 to 2 spaces
Service charge
AED 23.5 per sqft a year
Escrow
RegisteredNo. 1001698784

Launch payment plan

The developer’s plan when it launched. Buying from an owner, the price and terms are agreed with the seller.

  • 100% on booking

Launch prices and floor plans

The developer’s prices when it launched.

8 unit types,520–1,049 sqft,launched from AED 1,359,750

Studio,5 unit types,520 sqft,launched from AED 1,359,750

1 bed,3 unit types,844–1,049 sqft,launched from AED 2,098,950

PlanUnitSize (sqft)Price (AED )
Floor plan of Studio, plan 1, opens full sizeStudio, plan 1520 sqftAED 1,359,750
Floor plan of Studio, plan 2, opens full sizeStudio, plan 2520 sqftAED 1,359,750
Floor plan of Studio, plan 3, opens full sizeStudio, plan 3520 sqftAED 1,359,750
Floor plan of Studio, plan 4, opens full sizeStudio, plan 4520 sqftAED 1,359,750
Floor plan of Studio, plan 5, opens full sizeStudio, plan 5520 sqftAED 1,359,750
Floor plan of 1 bed, plan 1, opens full size1 bed, plan 1844 sqftAED 2,098,950
Floor plan of 1 bed, plan 2, opens full size1 bed, plan 21,049 sqftAED 2,613,450
Floor plan of 1 bed, plan 3, opens full size1 bed, plan 31,049 sqftAED 2,613,450

From the developer

Project general facts

The Paramount Tower Hotel 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.

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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.

Key questions

When is the handover of Paramount Tower Hotel?

Construction is complete.

What is the service charge at Paramount Tower Hotel?

AED 23.5 per sqft a year.

Who is the developer of Paramount Tower Hotel?

DAMAC, with 26 projects on sale with Found.

About the developer

DAMAC

26 projects on the market, from AED 672,000

All DAMAC projects

Master plan

Amenities

  • 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

Location

Business Bay, Dubai. Open in Google Maps

Getting around

  • Business Bay · Red Line · 550 m in a straight line
  • Burj Khalifa/Dubai Mall · Red Line · 1.0 km in a straight line

Stations: RTA via Data.Dubai

Properties and projects in Business Bay

The developer's brochure