Type of buildings:
ResidentialPARAMOUNT TOWER HOTEL & RESIDENCES
1 149 995 AED - 3 400 000 AED
ID 428
Location:Business Bay, Dubai
TypeDevelopment
Completion dateI quarter, 2022 (Completed)
Studiomin. 1 149 995 AED
1 bedroommin. 1 500 000 AED
2 bedroomsmin. 1 849 888 AED
3 bedroomsmin. 3 100 000 AED
Living space48 - 158 m²
Advantages
Starting price
AED 900 000
The commissioning of the object
Q1-2022
Prestigious neighborhood
Apartments with ready-made finishing and interior decoration
Location
- Panoramic view
- Beautiful view
Features
- Roof terrace
- Internet
- Air Conditioners
- Premium class
Indoor facilities
- Bar
- Cinema
- Recreation area
- SPA centre
- Fitness room
- Covered parking
- Underground parking lot
Outdoor features
- CCTV
- Security
- Landscaped garden
- Concierge
- Swimming pool
- Shop
Features
Type of complex
DAMAC Towers by Paramount Hotels & Resorts is a project launched in Business Bay by one of Dubai's largest property developers, DAMAC Properties, in collaboration with Paramount Hotels & Resorts. The complex consists of four towers, three of which are allotted for residential use with 1,200 apartments, and the fourth is a branded hotel with 800 exclusive rooms.
The buildings of the complex have 68 floors and are 270 meters high. The project offers the best real estate in Dubai for business and residence.
Uniqueness
The buildings of the mixed-use complex are located on a common multi-level podium, which houses all the important infrastructure of the project, including swimming pools, chic bars, restaurants, cafes, playgrounds, cinemas, and a fitness center.
The complex has quick access to the Dubai Mall and the Burj Khalifa skyscraper. Paramount Towers has a private parking lot where residents can make use of valet parking. Guests can leave their cars in free parking within close proximity.
Architecture and design
Residences at DAMAC Paramount Towers feature modern interiors and impressive amenities. Studios and one, two, and three-bedroom apartments with multiple floor plans to choose from are available for purchase. Residents here are given the opportunity to enjoy the most luxurious lifestyle close to the heart of Dubai.
Economic attractiveness
Depending on the layout, the cost of the apartments may vary. Real estate investments at Paramount Tower Hotel & Residences are available from AED 1,190,019 ($323,991, ¥2,148,060) to AED 3,200,000 ($871,222, ¥5,776,204). You can also use the services of the management company Paramount Hotels & Resorts, the professionals you can trust to manage your property while you receive a passive income of up to 6.97% per year.
Builder
DAMAC Properties is the largest developer in the UAE with an impressive list of projects. Founded in 2002, the company has to date sold more than 39,400 commercial and residential properties in iconic areas of Dubai and the UAE.
Location
Dubai Mall
3.9 km
School
1000 m
Bank
900 m
Burj Khalifa
1.9 km
Pharmacy
1.2 km
Airport
15 km
Fountain Dubai
4 km
Sea
3 km
Properties in PARAMOUNT TOWER HOTEL & RESIDENCES
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3 400 000 AED34158 m²Completion date I quarter, 2022 (Completed)
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1 849 888 AED23126 m²Completion date I quarter, 2022 (Completed)
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1 149 995 AED148 m²Completion date I quarter, 2022 (Off-plan)
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1 500 000 AED1263 m²Completion date I quarter, 2022 (Completed)
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2 400 000 AED22104 m²Completion date I quarter, 2022 (Completed)
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1 574 580 AED193 m²Completion date I quarter, 2022 (Completed)
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2 000 000 AED23124 m²Completion date I quarter, 2022 (Completed)
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3 200 000 AED33147 m²Completion date I quarter, 2022 (Completed)
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3 100 000 AED33153 m²Completion date I quarter, 2022 (Completed)
Developer
291
Objects completed
286
Objects in work
2002
Founded in
DAMAC Properties has been shaping the Middle East’s luxury real estate market since 2002, delivering iconic residential, commercial and leisure properties across the region and beyond. DAMAC adds vibrancy to the cities in which its projects are...
Other objects
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2 890 000 AEDCompletion date I quarter, 2027 (Off-plan)
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2 510 000 AED - 5 870 000 AEDCompletion date II quarter, 2028 (Off-plan)
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460 000 AED - 1 352 000 AEDCompletion date IV quarter, 2020 (Completed)
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