Damac Towers by Paramount
Damac Towers by Paramount is a DAMAC Properties development in Business Bay, Dubai, offering studio, 1 bedroom, 2 bedroom, 3 bedroom, 4 bedroom (0 to 4 bedroom homes). Prices start from AED 1.14M – AED 4.35M. Unit sizes run from about 476 to 2,801 sq ft. Handover is Q3 2019. Damac Towers by Paramount is sold out and already handed over (2019), so there is nothing available to buy here. We can show you similar DAMAC projects that still have units available. 5 unit configurations are currently listed. Register interest for a shortlist of similar DAMAC projects that still have availability, with an advisor callback within 24 hours.
Damac Towers by Paramount is no longer available for sale
Damac Towers by Paramount was handed over in 2019 and DAMAC does not sell units here any more. Everything below stays on the page for reference. If you are buying now, look at the DAMAC projects that still have units and payment plans available.
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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.
5 units in Damac Towers by Paramount
| Type | Model | Bedrooms | Area (sqft) | Price | |
|---|---|---|---|---|---|
| Apartment | Studio | 0 | 476 | AED 1.22M | |
| Apartment | 1 Bedroom | 1 | 929 | AED 1.96M | |
| Apartment | 2 Bedroom | 2 | 1,515 | AED 3.09M | |
| Apartment | 3 Bedroom | 3 | 2,014 | AED 4.13M | |
| Apartment | 4 Bedroom | 4 | 2,801 | AED 5.51M |
Damac Towers by Paramount payment plan
Indicative payment structure for Damac Towers by Paramount in Business Bay. Exact instalment dates are confirmed at booking. Register interest for the full schedule.
- On booking20%
- Post Handover80%
- From 3 to 24 months after booking (7% quarterly)56%
- From 27 to 36 months after booking (6% quarterly)24%
Facilities at Damac Towers by Paramount
- Fitness Centre
- Eat And Drink
- Swimming Pool
- Dine-In Cinema
- Wellness Features
Inside Damac Towers by Paramount
Damac Towers by Paramount master plan and site layout
Cluster layout, tower positions and amenity placement across Damac Towers by Paramount. An advisor sends the full-resolution master plan with the current availability sheet.
Want to know which cluster, floor or view is still available? Our team walks you through the plan and shortlists the units that match your budget.
Damac Towers by Paramount brochure, floor plans and payment plan
The official DAMAC document pack for Damac Towers by Paramount — brochure, floor plans, price list and payment plan — is sent directly by an advisor. Register interest and we email the current set within 24 hours.
Damac Towers by Paramount questions buyers ask
- What is the starting price at Damac Towers by Paramount?
- Damac Towers by Paramount starts from AED 1.14M – AED 4.35M for studio, 1 bedroom, 2 bedroom, 3 bedroom, 4 bedroom in Business Bay. Current unit-level pricing is confirmed on enquiry.
- Where is Damac Towers by Paramount located?
- Damac Towers by Paramount is in Business Bay, a DAMAC master-planned community in Dubai, United Arab Emirates.
- When is handover at Damac Towers by Paramount?
- Handover for Damac Towers by Paramount is scheduled for Q3 2019.
- What unit types are available at Damac Towers by Paramount?
- Damac Towers by Paramount offers studio, 1 bedroom, 2 bedroom, 3 bedroom, 4 bedroom, with 0 to 4 bedroom homes from about 476 sq ft.
- Can foreigners buy at Damac Towers by Paramount?
- Yes. Damac Towers by Paramount is in a Dubai freehold zone, so buyers of any nationality can own outright with no UAE residency requirement, and a qualifying purchase can support a 10 year UAE Golden Visa.
Damac Towers by Paramount for international buyers
Damac Towers by Paramount is available to buyers worldwide. Our country buyer guides explain how to remit funds, the tax on Dubai rental income, and the 10-year Golden Visa in your currency.