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Damac Towers by Paramount

A development by DAMAC

Business Bay, Dubai

Confirmed price range

1.1M – 3.2M AED

Unit availability

57

Bedrooms

0–2

Bathrooms

Completion

Sep 2019

Area

451 – 1,517 sqft

Buildings

4

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Project detail

Overview

A closer look at the residences, lifestyle, and location.

The residences

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 & lifestyle

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.

Aumera decision frame

How to examine this project

A structured reading of the published dossier—not a return forecast or recommendation.

Decision signals

  • Requires the buyer to examine how much capital is committed by the handover point.
  • The specific unit, layout efficiency, and view premium should carry more weight than the headline starting price.
  • Should be reviewed alongside comparable delivered work by DAMAC.

Catalogue completeness

Completion timing
Confirm before reservation
Service charge
Present in catalogue
Escrow information
Present in catalogue
Payment milestones
Present in catalogue
Project detail

Floor plans

Open any plan to inspect the residence layout in full detail.

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Project detail

Typical units

Indicative layouts, price ranges, and internal areas.

LayoutBedroomsPrice (AED)Size
0 bedroom layoutStudio1.2M476 sqft
0 bedroom layoutStudio1.7M637 sqft
0 bedroom layoutStudio1.3M484 sqft
0 bedroom layoutStudio1.7M637 sqft
0 bedroom layoutStudio1.2M488 sqft
0 bedroom layoutStudio1.6M620 sqft
0 bedroom layoutStudio1.7M637 sqft
0 bedroom layoutStudio1.7M620 sqft
0 bedroom layoutStudio1.3M – 1.4M492 sqft
0 bedroom layoutStudio1.1M451 sqft
0 bedroom layoutStudio1.2M452 sqft
0 bedroom layoutStudio1.2M497 sqft
0 bedroom layoutStudio1.2M479 sqft
1 bedroom layout1 bedroom2.0M929 sqft
1 bedroom layout1 bedroom2.0M948 sqft
1 bedroom layout1 bedroom2.0M929 sqft
1 bedroom layout1 bedroom2.2M1,055 sqft
1 bedroom layout1 bedroom2.2M1,055 sqft
1 bedroom layout1 bedroom2.1M965 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.7M1,155 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.8M1,155 sqft
1 bedroom layout1 bedroom2.6M1,065 sqft
1 bedroom layout1 bedroom2.8M1,155 sqft
1 bedroom layout1 bedroom2.6M1,065 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.8M1,155 sqft
1 bedroom layout1 bedroom2.7M1,123 sqft
1 bedroom layout1 bedroom2.8M1,155 sqft
1 bedroom layout1 bedroom2.3M1,055 – 1,056 sqft
1 bedroom layout1 bedroom2.0M939 – 948 sqft
1 bedroom layout1 bedroom2.0M929 sqft
2 bedroom layout2 bedroom3.1M1,515 sqft
2 bedroom layout2 bedroom2.9M1,394 sqft
2 bedroom layout2 bedroom3.1M1,515 sqft
2 bedroom layout2 bedroom2.9M1,388 sqft
2 bedroom layout2 bedroom3.1M – 3.2M1,517 sqft
2 bedroom layout2 bedroom3.1M1,515 sqft
2 bedroom layout2 bedroom3.1M1,515 sqft
2 bedroom layout2 bedroom3.1M1,511 sqft
2 bedroom layout2 bedroom2.9M1,407 sqft
2 bedroom layout2 bedroom3.2M1,469 sqft
3 bedroom layout3 bedroom4.1M2,014 sqft
4 bedroom layout4 bedroom5.5M2,801 sqft
Project detail

Payment plans

Review the available instalment structures and key milestones.

Payment structure

Payment Plan

0 months
20%
On booking
on booking · + 4% DLD + 1000 AED Oqood
80%
Post Handover
post handover
56%
From 3 to 24 months after booking (7% quarterly)
24%
From 27 to 36 months after booking (6% quarterly)
Project detail

Amenities

Facilities designed around everyday comfort, wellness, and leisure.

Fitness Centre
Eat And Drink
Swimming Pool
Dine-In Cinema
Wellness Features
Project detail

Buildings

Tower B

Tower B

unknown
Escrow: 15808213

1, 2 & 3 bedroom apartments

Tower A

Tower A

unknown
Escrow: 15808213

1, 2 & 3 bedroom apartments

Tower C

Tower C

unknown
Escrow: 15808213

1, 2 & 3 bedroom hotel apartments

Tower D

Tower D

unknown
Escrow: 15808213

1, 2 & 3 bedroom apartments

Project detail

Parking

Allocated parking by residence type and bedroom configuration.

Unit typeBedroomsParking spaces
apartment32
apartment21
apartment11
Project detail

Project specifications

Key construction, completion, and ownership information.

Available units
57
Unit types
apartments
Service charge
23.5 AED/sqft
Furnishing
Yes
Buildings
4
Construction start
Mar 2008
Construction end
Sep 2019
Completion
Sep 2019
Escrow no.
15808213

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