DAMAC Towers
by Paramount

Studios & 1–3BR Apartments

AED 600,00 K Starting price
Ready Handover
DAMAC Towersby Paramount

Buy studios and apartments in DAMAC Towers by Paramount by DAMAC Properties, Dubai

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 600,000
Location Business Bay
Developer DAMAC Properties
Handover Ready
Living Area 430 sq. ft. - 2,028 sq. ft.
Bedrooms Studios - 3 BR
Total amount of units 1200
ROI 7%

DAMAC Towers by Paramount is a landmark Hollywood-style complex nestled in the eastern part of Business Bay. The project was developed by DAMAC Properties in partnership with Paramount Hotels & Resorts

DAMAC Towers by Paramount is a large-scale complex that consists of four 63-storey towers, one of which is home to a luxury hotel managed by Paramount Hotels & Resorts. The architects and designers of DAMAC Properties were inspired by the aesthetics of Hollywood. The project is located in the prestigious business district of Business Bay close to the Dubai Water Canal. The first eight floors of the architectural masterpiece are occupied by a podium with fashionable boutiques, beauty salons, and restaurants, and on its roof, you will find a swimming pool with a spacious sun terrace with breathtaking views of Burj Khalifa. The three 270-meter towers offer stylish studios and 1–3 bedroom apartments. The area of residences varies from 430 sq.ft to 2,028 sq.ft. Residents of the complex have access to a gym, a fitness center, a luxurious spa complex, conference rooms, beauty salons, a supermarket, children's play areas, and more.

DAMAC Towers by Paramount
About DAMAC Towers by Paramount

Overview of DAMAC Towers by Paramount

Step into the world of Californian bliss and glittering Hollywood luxury in DAMAC Towers by Paramount. This monumental complex is located in Business Bay and is managed by Paramount Hotels & Resorts. It features exclusive studios and 1–3 bedroom residences

7%

Average ROI

10%

Maximum ROI

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Community

Business Bay is one of Dubai’s most prestigious and in-demand areas, which offers entertainment venues and gastronomic diversity. It has a dynamic atmosphere, fashionable shops, offices of large companies and is adjacent to Downtown Dubai. Sheikh Zayed highway runs nearby and Business Bay metro station is within walking distance. Moreover, the proximity to DIFC makes the location even more popular.

Dubai Water Canal with pedestrian embankments runs through the community. Burj Khalifa, Dubai Fountain, and Dubai Aquarium are within a 5-minute drive. The area is home to various restaurants where you can taste vibrant dishes from various cuisines of the world. Don't miss the chance to visit the Japanese restaurant Izakaya, Levantine Mama’esh, Indian Kamat, Persian Farsi, Arabic Tibba, steakhouse Prime 68, and Asian-Arabic Kitchen 6. Families with children will appreciate a wide choice of educational institutions and medical centers in the surroundings. Business Bay is one of the most popular areas among investors and businessmen.

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Interior

DAMAC Towers by Paramount is an impeccable combination of luxury with minimalist and vintage interior elements. The designers were inspired by the sparkle and glamour of Hollywood across the decades. Here you can find decor in the style of the 1930s, 1950s, and 1970s, which is immortalized in the famous Paramount Pictures films. A magnificent golden lobby with video screens, stylish decor with a reference to the film industry, and world-class services create a unique star atmosphere.

Each residence is fully furnished and equipped with modern appliances. The color scheme ranges from gray-graphite to milky chocolate. Semi-open kitchens come with furniture with glossy facades. A living room and a master bedroom have access to a spacious balcony. Bathrooms are fitted with top-quality fixtures. Each room has panoramic windows with silent-glide opening systems. Residents can enjoy views of the iconic Burj Khalifa and Dubai Water Canal.

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Infrastructure

DAMAC Towers by Paramount is located in the sought-after business district of Business Bay. The project is surrounded by green spaces and is minutes away from Dubai Water Canal. The complex includes a large spa, a gym, F Mart supermarket, Flashback lounge bar, several restaurants such as Juyi, Anzeera, Huqqabaz Souk Al Bahar, and Pacific Grove, The Stage coffee shop, several beauty salons, and a premium flower boutique.

First Path Montessori, Jumeirah International Nursery, Wander Kids Nursery, Cockburn John Charles Academy, and EHG Talent Academy are all within a 5-minute drive. For medical help, you can visit J'Adore Medical Clinic, Covent Clinic, and The Practice Poly Clinic. One of the benefits of the area is its well-developed public transport network. Numerous bus routes allow you to quickly get to any corner of the emirate during rush hours. RBC Tower bus stop is within a 10-minute walk.

Overview

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Amenities of DAMAC Towers by Paramount

DAMAC Towers by Paramount features premium facilities such as

Gym

Gym

Restaurants & shops

Restaurants & shops

Beauty salons

Beauty salons

California-style swimming pool with sundeck
Luxury spa
Steam room and sauna
Jacuzzi and hot tub
Landscaped gardens
Conference rooms
Cinema and children's play areas
Luxury lobby and concierge service
24/7 security services and CCTV
Multi-level parking
Gallery

DAMAC Towers by Paramount: Signature Furnished Studios & 1–3 Bedroom Residences in Business Bay

Master Plan DAMAC Towersby Paramount

Master Plan DAMAC Towers
by Paramount

Master Plan

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Gain access to unique investment opportunities and real estate properties that are not publicly listed.
DAMAC Towers by Paramount
About Us

Economic Attractiveness

DAMAC Towers by Paramount is an attractive investment opportunity with a high ROI. The complex is surrounded by picturesque greenery, nearby is Dubai Water Canal, well-developed infrastructure, efficient transport, and road network

Get Full Investment Details

1,96 mln 30%

Median price (AED)

1,630 9%

Median price per sqft (AED)

536 11%

Transactions

Source: Data taken from DXB for the last 3 years, overview - DAMAC Towers by Paramount

ROI 7%

Business Bay is popular among businessmen, startups, freelancers, families with children, and tourists. Business centers, entertainment venues, and social infrastructure facilities are concentrated here. The key attractions of the emirate are just 10 minutes away by car. Real estate in DAMAC Towers by Paramount is a profitable investment for both seasoned investors and beginners. Units can be rented out for a long term, used for personal living, or resold at a profit in the future, considering a growth in the cost of housing in Dubai.

In Q1 2025, the starting price of a studio in DAMAC Towers by Paramount is AED 600K (USD 162K). You can buy a 1-bedroom apartment from AED 1.2M (USD 324K), and a 2-bedroom residence costs from AED 2M (USD 545K).

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For Rent

The average ROI for a 1-bedroom apartment in DAMAC Towers by Paramount is 7%. The starting rental price in the complex is AED 90K (USD 24K) per year.

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For Living

DAMAC Towers by Paramount is an excellent choice for individuals who value exclusivity, premium comfort, and convenient infrastructure. Nearby, there are green gardens, a promenade, a wide selection of restaurants, cafes, a spa, several business centers, and more. Within a 5-minute drive, you will get to nurseries, schools, clinics, Dubai Mall, Burj Khalifa, and Dubai Opera. It takes about 15 minutes to get to Dubai International Airport (DXB) by car.

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For Resale

In 2–3 years, you will be able to resell your property profitably and get a potentially high profit. In 2024, Dubai's all-residential property price index (RPPI) increased by 20.71%.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Project Materials DAMAC Towers
by Paramount

Project Materials

Developer DAMAC Towers by Paramount

DAMAC Properties is a leading development company with 20 years of experience. The developer has played a major role not only in the residential real estate sector of Dubai and the UAE, but also in the hospitality, entertainment, tourism, and healthcare industries

The company specializes in creating premium-class properties that combine style, individuality, and comfort. Through partnerships with global luxury brands such as Versace, Fendi, Bugatti, and Lamborghini, DAMAC Properties offers residences with exclusive interiors that reflect elegance and sophistication. Each project is a work of art that meets the highest quality standards and satisfies the most discerning investors and homeowners.

Location DAMAC Towers by Paramount

DAMAC Towers by Paramount is located in the eastern part of Business Bay next to the Dubai Water Canal. The project is surrounded by green gardens. Downtown Dubai is within a 5–10 minute drive.

The complex is close to Marasi Drive and major highways such as E44 and D71. Dubai International Airport is reachable in 15 minutes by car. Al Maktoum International Airport is 40 minutes away. Famous locations such as Palm Jumeirah, The Walk JBR, DIFC, Dubai Marina, and Meydan are reachable in 30 minutes. In case of heavy traffic, you can always use public transport. RBC Tower bus stop is within a 10-minute walk.

Large chain supermarkets Spinneys and Carrefour are within a 5-minute drive. Little Tree Nursery is within a 15-minute walk from the complex. Dubai Opera, which offers world-class performances and events, is within a 10-minute drive.

Sights & Attractions

KidZania

icon 10 min

Dandelion Light Sculpture

15 min

Dubai Mall

15 min

Healthcare facilities

Windsor Smiles

icon 5 min

Covent Clinic

10 min

J'Adore Medical Clinic

10 min

Educational institutions

Kids Castle

icon 5 min

City School Holdings International

10 min

Eman School System

10 min

Transportation

RBC Tower Bus Station

icon 5 min

Business Bay Metro Station

5 min

Dubai International Airport

15 min

FAQ

Everything you need to know about the DAMAC Towers by Paramount. Can't find an answer?

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Where is the location of DAMAC Towers by Paramount?

The complex is located in the prestigious area of Business Bay.

Who is the developer of DAMAC Towers by Paramount?

The complex was developed by DAMAC Properties in collaboration with Paramount Hotels & Resorts.

What are the property types for DAMAC Towers by Paramount?

DAMAC Towers by Paramount offers studios and 1–3 bedroom apartments.

What is the property size in DAMAC Towers by Paramount?

The area of the residences ranges from 430 sq.ft to 2,028 sq.ft.

What are the available amenities in DAMAC Towers by Paramount?

Amenities include a California-style swimming pool with a terrace, a spa, a steam room, a sauna, a jacuzzi, a hot tub, a gym, landscaped gardens, restaurants, bars, cafes, shops, a supermarket, beauty salons, conference rooms, a cinema, children's play areas, a lobby lounge, concierge service, 24/7 security services, CCTV, and a multi-level parking.

What are the available views in DAMAC Towers by Paramount?

Residents can enjoy views of Dubai Water Canal, the waterfront, and the iconic Burj Khalifa.

Is DAMAC Towers by Paramount a good investment in Dubai?

DAMAC Towers by Paramount is a great investment for both experienced investors and beginners. Residences can be rented out long-term, used for personal living, or resold in the future. According to the Global Property Guide for 2024, Dubai property prices have increased by 20%. The average ROI for a 1-bedroom apartment in DAMAC Towers by Paramount is 7%. The minimum rental income starts from AED 90K (USD 24K) per year.

Is DAMAC Towers by Paramount a good place to live?

DAMAC Towers by Paramount in Business Bay is a perfect choice for active people who value exclusivity, comfort, and developed infrastructure. In the surroundings, you will find green gardens, a promenade, a wide selection of restaurants, cafes, a spa, several business centers, and more. Within a 5–10 minute drive, you will get to nurseries, schools, clinics, Dubai Mall, Burj Khalifa, and Dubai Opera. Dubai International Airport is reachable in 15 minutes by car.

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DAMAC Towers by Paramount
Amirans Kavtaradze

List by

Amirans Kavtaradze

  • 100% free guidance & advice
  • 0% tax on rental income & profit upon sale
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  • Flexible payment plan with 0% interest
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DAMAC Towers by Paramount

Starting Price AED 600,00 K

Handover Ready