Project Overview & Investment Highlights
In 2013, Paramount Hotels & Resorts joined forces with DAMAC Properties to introduce a groundbreaking project in Business Bay. Distinguished by its grand scale, the four-tower complex seamlessly merges California chic with Hollywood glamour, creating an iconic presence within the neighborhood.
DAMAC Towers by Paramount Hotels & Resorts Dubai stands as a unique mixed-use development nestled in the iconic Business Bay. Comprising four 55-storey towers interconnected by an 8-level podium, this architectural marvel boasts 1,200 units of DAMAC Maison Paramount luxury serviced apartments, offering 1-3 bedroom layouts for sale. These fully furnished residences exude contemporary elegance with a touch of Hollywood allure.
Residents of DAMAC Towers by Paramount Hotels & Resorts Dubai are treated to an array of exclusive amenities, including covered parking with valet service, dedicated spaces for family and business events, a children’s studio club, and two gyms along with a wellness center. Additionally, the development hosts various retail outlets, including The Vault, Paramount Hotels & Resorts’ signature boutique. Movie lounges inspired by Paramount’s professional studios offer access to 3,500 films, complemented by a café lounge and a chocolate shop in the tower’s lobby.
Ready Studios & 1-3BR Apartments Located in Burj Area, Business Bay Dubai
Situated in the esteemed Business Bay area, DAMAC Towers by Paramount Hotels & Resorts enjoys proximity to excellent infrastructure facilities and renowned landmarks such as Dubai World Trade Centre, Dubai International Financial Centre, Jumeirah Beach, The Dubai Mall, and the iconic Burj Khalifa. Accessibility is further enhanced by the nearby Sheikh Zayed Road and Al Khail Road, providing swift connections to the rest of the emirate.
For families, Hummingbird Nursery and Jumeirah English Speaking School offer educational opportunities within a 10-minute drive, alongside the Emirates Hospital Clinic and Business Bay Metro Station. Investing in DAMAC Towers by Paramount Hotels & Resorts Dubai not only grants ownership of a premium apartment with top-notch service from the luxury hotel chain but also promises impressive rental returns.
With an ROI of up to 5%, investors can anticipate recouping their expenses within 18-20 years. In Q3 2022, DAMAC Properties introduced an exclusive residential development in collaboration with de GRISOGONO, known as Chic Tower. This ultra-luxury skyscraper offers chic studios and apartments featuring 1–2 bedroom layouts, complete with access to seven baths, an outdoor gym, a Youth Fountain, swimming pools, party zones, and much more.
