Business Bay · DAMAC Properties
Paramount Tower Hotel & Residences
Paramount Tower Hotel & Residences is a 65-storey mixed-use development in Business Bay by DAMAC Properties, offering hotel-branded residences with studio and 1-bedroom units from 1.186 million AED. Residents enjoy premium amenities including pools, gym, spa, and kids' facilities in a central Dubai location.
Key facts
- Price from
- AED 1.2M
- ≈ $322.9K
- Bedrooms
- Studio–1
- Size
- 477–1,049 sqft
- Status
- Available
- Ownership
- Freehold
Buy with confidence
- RERA permit No. 0884495825
- You buy directly from DAMAC Properties — we charge you nothing.
Construction status
Under construction
Units & prices
Studio
477–520 sqft
AED 1.2M
≈ AED 2,490 per sqft
1BR
844–1,049 sqft
AED 2M
≈ AED 2,370 per sqft
Amenities
- Swimming pool
- Gym
- Spa Wellness
- Kids play area
Overview
Paramount Tower Hotel & Residences is a 65-storey mixed-use development located in Business Bay, developed by DAMAC Properties. The project comprises 826 units, with hotel residences occupying floors 36 through 64, offering elevated living environments with expansive city views. The tower combines residential accommodation with hotel-inspired services and facilities, creating a distinctive branded living concept.
Unit Types and Pricing
The development offers two residential unit types to suit different needs:
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- Studios: 477–520 sqft, starting from 1,186,000 AED
- 1-Bedroom: 844–1,049 sqft, starting from 1,999,000 AED
Amenities and Facilities
Residents benefit from comprehensive hotel-inspired amenities designed for wellness, leisure, and entertainment. Facilities include a rooftop infinity swimming pool, temperature-controlled pool, gymnasium, luxury spa, kids' play area, restaurants, sky lobby, and Paramount Pictures screening room.
Location and Connectivity
Business Bay is centrally positioned in Dubai with convenient access to Downtown Dubai, Burj Khalifa, Dubai Mall, DIFC, and Dubai International Airport. The neighbourhood combines residential towers, commercial offices, and lifestyle destinations, establishing it as a prime central community for urban living and professional connectivity.
Location
Nearby landmarks
- Burj Khalifa1 km
- Meydan Racecourse5.7 km
- Dubai Frame5.9 km
- Dubai Creek Harbour8.6 km
Straight-line distances
Floor plans
About the developer
DAMAC Properties
50 projects listed
Frequently asked questions
What unit types and prices does Paramount Tower Hotel & Residences offer?
The development offers studios (477–520 sqft) starting from 1,186,000 AED, and 1-bedroom units (844–1,049 sqft) starting from 1,999,000 AED. Both unit types provide flexible living spaces within the branded hotel residential setting.
What is the payment plan structure?
The payment plan specifies that 80% of the purchase price is due at handover. For details on the initial down payment percentage, instalment schedule, and other payment terms, please contact the developer directly.
When is the handover expected?
The handover date has not been specified in the current project information. For confirmed handover timeline and delivery expectations, please contact DAMAC Properties or your real estate advisor.
Where is Business Bay located and what are nearby attractions?
Business Bay is a central Dubai district positioned near Downtown Dubai, Burj Khalifa, Dubai Mall, DIFC, and Dubai International Airport. The neighbourhood combines residential towers, commercial offices, and lifestyle facilities, offering strong connectivity for residents and professionals.
What amenities and facilities are available for residents?
Residents have access to a rooftop infinity swimming pool, temperature-controlled pool, gymnasium, luxury spa, kids' play area, restaurants, sky lobby, and Paramount Pictures screening room, offering comprehensive hotel-inspired services and entertainment options.
Listing updated Sep 17, 2026
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