Paramount Tower Hotel and Residences by DAMAC Properties
Business Bay, Dubai
project Overview for Paramount Tower Hotel and Residences
AED 1,600,000
Starting Price
Reach us%
Payment Plan
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Booking Fee
StatusReady
Completion Date31 Dec 2018
Pierre Laurent
Agent
Development Details & Types
64
826
843 - 1,477 sq.ft
1 Bedroom-3 Bedrooms
About Paramount Tower Hotel and Residences
Experience Unrivaled Luxury at Paramount Tower
Paramount Tower Hotel and Residences, a magnificent 64-story development by DAMAC Properties, redefines luxury living in Dubai. This iconic Sheikh Zayed Road address boasts a seamless blend of residential elegance and five-star hotel amenities. Choose from a diverse collection of studios, one- to three-bedroom apartments, and spacious two-bedroom hotel units, each meticulously designed for sophisticated comfort.
Indulge in breathtaking city views from your private haven, complete with premium finishes and features designed to enhance your lifestyle. Experience the epitome of urban living with an exclusive address, unparalleled convenience, and a unique blend of residential and hotel-style living.
Prime Location, Unparalleled Access
Situated on Sheikh Zayed Road, Paramount Tower offers effortless connectivity to Dubai's vibrant heart. Enjoy a 20-minute drive to Dubai International Airport, and quick access to the city center via car, taxi, or metro. Explore world-class shopping at Dubai Mall (7 minutes away) and Safest Way (10 minutes away), and discover the iconic Burj Khalifa within easy reach. Dubai Media City and pristine beaches are also conveniently located nearby, providing the perfect blend of work and leisure.
Explore the Lifestyle & Amenities at Paramount Tower Hotel and Residences
Gym
Gymnasiums
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A Closer Look at the Features of Paramount Tower Hotel and Residences
Built-in Wardrobes
Central A/C
Closed Kitchen
Experience the Views from Paramount Tower Hotel and Residences
Experience breathtaking panoramic views of Dubai's skyline from the comfort of your own residence. Paramount Tower offers a variety of apartment sizes and configurations, ensuring there's a perfect fit for every lifestyle. Enjoy luxurious amenities designed to enhance your daily life and provide an oasis of tranquility.
Property Layout & Floor Plan for Paramount Tower Hotel and Residences
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About DAMAC Properties Developer
DAMAC Properties is a leading real estate developer in the Middle East, established in 2002. They have transformed the luxury property market in the region with iconic projects across the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon, and the UK. With a portfolio of over 35,000 completed projects and 30,000 more underway, DAMAC is renowned for its innovative designs, high-quality construction, and partnerships with global luxury brands like Versace, Cavalli, Paramount, and Fendi. Their mission is to position the UAE as a global hub for trade, hospitality, and lifestyle.
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About DAMAC Hills
Family Living
Area LifestyleTrump International Golf Club
Landmark
DAMAC Hills, a luxurious residential community developed by DAMAC Properties, offers a tranquil and family-friendly living experience.
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Paramount Tower Hotel and Residences Connectivity & Accessibilities
Dubai Opera
Dubai Metro
Burj Khalifa
Royal Island Beach Club
Dubai Aquarium & Underwater Zoo
Dubai Ice Rink
The Dubai Mall
Safa Park
Dubai Water Canal
Dubai International Financial Centre (DIFC)
Mercato Shopping Mall
Mercato Beach
Emirates Towers
Dubai Water Canal Ferry
Dubai Design District (d3)
Museum of the Future
Jumeirah Beach
La Mer Beach
Dubai World Trade Centre
Dubai Garden Glow
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Get insights into why DAMAC Hills in Dubai is gaining attention. Learn about future developments and its growth potential.
Project Status and Details for Paramount Tower Hotel and Residences
Status
Completion Date
No. of Floors
Total Units
Developer
Discover Dubai Real Estate in One Click: Your Fast Track Guide to Property Opportunities
Dubai's real estate market is full of opportunities for buying, selling, renting, and investing. In 2023 alone, the market saw over AED 407 billion in sales, attracting buyers from around the world. Dubai's prime location, business-friendly environment, and zero property taxes make it the top choice for real estate investments. This guide is designed to help you take advantage of the best opportunities in the Dubai real estate market.
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Frequently Asked Questions
Who developed Paramount Tower?
Paramount Tower Hotel and Residences was developed by the renowned DAMAC Properties.
What types of residences are available?
The tower offers studios, one- to three-bedroom apartments, and two-bedroom hotel units.
What are the key amenities?
Paramount Tower boasts a private Paramount Pictures movie theatre, high-end shops, restaurants, a lounge area, parking, 24-hour security, a children's playground and pool, meeting/event spaces, a sauna and steam room, an equipped gym, a spa and health club, a barbecue area, and laundry services.
What is the price range for apartments?
Apartments range in price from AED 1,600,000 to AED 3,200,000 (prices may vary; please inquire for current pricing).
What is the annual rental cost?
Annual rental costs start at AED 90,000 (prices may vary; please inquire for current pricing).
What is the ROI?
The return on investment rate is approximately 6.4% per annum.
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1618, The Binary Tower, Business Bay, Dubai, UAE, P.O. Box No. 418125. Phone Number: +971 543662210
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