Damac Towers by Paramount

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What you need to know about Damac Towers by Paramount

Damac Towers By Paramount is a striking mixed-use development by DAMAC Properties, featuring four impressive towers that rise prominently in the heart of Business Bay, Dubai. Completed in the late 2010s, this iconic project blends Hollywood-inspired luxury with contemporary urban living. The towers are positioned along a prime stretch near the Dubai Canal, offering residents and visitors captivating city and water views. Damac Towers By Paramount comprises both residential and hotel-serviced apartments, catering to a cosmopolitan clientele seeking upscale amenities and a vibrant lifestyle. The development is freehold, making it an attractive choice for both investors and end-users.



Key Facts

  • Developer: DAMAC Properties
  • Location: Business Bay, Dubai
  • Building Type: Mixed-use (Residential & Hotel Serviced Apartments)
  • Available Unit Types: Studios, 1-bedroom, 2-bedroom, 3-bedroom apartments, penthouses
  • Ownership Type: Freehold
  • Amenities:
    • Temperature-controlled swimming pools
    • State-of-the-art fitness center
    • Luxury spa and wellness facilities
    • Children’s play area and kids’ club
    • Multiple restaurants, cafes, and lounges
    • 24-hour concierge and security
    • Valet parking and dedicated parking spaces
    • Retail outlets and cinema-themed entertainment zones
    • Landscaped podium gardens and outdoor terraces

Damac Towers by Paramount market insights

Damac Towers by Paramount market overview

Prices of properties for sale in Damac Towers by Paramount range from AED 525K to AED 4M, with a median of AED 1.7M. A total of 175 listings are available. 96 properties have been listed for sale in Damac Towers by Paramount over the past 30 days. Across all listings, 91% are verified and 74% are listed by SuperAgents.

Median price
1.7M
Price range
525K - 4M

Interested to buy in Damac Towers by Paramount?
Explore properties

Properties available
175
Added in last 30 days
96
Verified properties
91%
Listed by superagent
74%
  • Ahmad Majed Abuisnaineh
    Ahmad Majed Abuisnaineh
    Al Mirax Real Estate Brokers
    850,000 AED

    Fully Furnished | High Floor | Prime Spot

    studio

    1

    492 sqft

    Apartment

    Tower C, Damac Towers by Paramount, Business Bay, Dubai

  • Amira Diana  Al Soseh
    Amira Diana Al Soseh
    MOBERA LIVING REAL ESTATE L.L.C
    1,350,000 AED

    Stylish 1BR | Burj Khalifa View | Furnished

    1

    2

    1,055 sqft

    Apartment

    Tower D, Damac Towers by Paramount, Business Bay, Dubai

  • Amira Diana  Al Soseh
    Amira Diana Al Soseh
    MOBERA LIVING REAL ESTATE L.L.C
    1,300,000 AED

    Live the Glamour Life | Luxury Living | Furnished

    1

    2

    951 sqft

    Apartment

    Tower D, Damac Towers by Paramount, Business Bay, Dubai

  • Mohammad Al Sarah
    Mohammad Al Sarah
    MIRA International - T2
    800,000 AED

    Premium Apartment | Unbeatable ROI | Tower C

    studio

    1

    484 sqft

    Apartment

    Tower C, Damac Towers by Paramount, Business Bay, Dubai

  • Lazar  Simonovic
    Lazar Simonovic
    Luxfolio Real Estate Brokers LLC
    830,000 AED

    Prime Location | Fully Furnished | High ROI

    studio

    1

    492 sqft

    Hotel & Hotel Apartment

    Tower C, Damac Towers by Paramount, Business Bay, Dubai

  • Lazar  Simonovic
    Lazar Simonovic
    Luxfolio Real Estate Brokers LLC
    730,000 AED

    Prime Location | Motivated Seller | Investment

    studio

    1

    452 sqft

    Hotel & Hotel Apartment

    Tower C, Damac Towers by Paramount, Business Bay, Dubai

  • Viktor Platonov
    Viktor Platonov
    COLIFE REAL ESTATE
    700,000 AED

    Fully Furnished | Bright | Investment Deal

    studio

    1

    484 sqft

    Apartment

    Tower C, Damac Towers by Paramount, Business Bay, Dubai

  • Llana Mae Eisma
    Llana Mae Eisma
    Acre Marks Real Estate
    2,700,000 AED

    Burj Khalifa View | Vastu | Furnished | VOT

    3

    3

    1,747 sqft

    Apartment

    Tower B, Damac Towers by Paramount, Business Bay, Dubai

Sales transactions in Damac Towers by Paramount

147 sale transactions were recorded in Damac Towers by Paramount over the past 12 months, marking a 16.9% decrease YoY.

  • 2,300,0001,319 per sqft
    Apartment|3 Beds|Built: - ft² • Plot: 1,744 ft²
    23 Sep 2026Ready
  • 1,827,1561,317 per sqft
    Hotel Apartment|2 Beds|Built: - ft² • Plot: 1,388 ft²
    23 Sep 2026Ready
  • 1,750,0001,255 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,394 ft²
    21 Sep 2026Ready
  • 2,300,0001,317 per sqft
    Apartment|3 Beds|Built: - ft² • Plot: 1,747 ft²
    17 Sep 2026Ready
  • 1,350,0001,279 per sqft
    Apartment|1 Bed|Built: - ft² • Plot: 1,055 ft²
    16 Sep 2026Ready
  • 2,200,0001,259 per sqft
    Apartment|3 Beds|Built: - ft² • Plot: 1,747 ft²
    15 Sep 2026Ready
  • 2,500,0001,434 per sqft
    Apartment|3 Beds|Built: - ft² • Plot: 1,744 ft²
    11 Sep 2026Ready
  • 3,040,0001,522 per sqft
    Apartment|3 Beds|Built: - ft² • Plot: 1,997 ft²
    9 Sep 2026Ready
  • 2,600,0001,489 per sqft
    Hotel Apartment|3 Beds|Built: - ft² • Plot: 1,746 ft²
    8 Sep 2026Ready
  • 2,000,0001,441 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,388 ft²
    4 Sep 2026Ready

The data displayed is based on average prices and sizes of all in Damac Towers by Paramount.

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Location, Lifestyle and Amenities

Damac Towers By Paramount enjoys a central position in Business Bay, one of Dubai’s most dynamic and prestigious districts. The towers are set along the Dubai Canal, providing easy access to Downtown Dubai, the Burj Khalifa, and the city’s major business and leisure hubs. The area is characterized by its modern skyline, vibrant lifestyle, and proximity to key commercial and entertainment destinations. Accessibility is a major advantage, with Sheikh Zayed Road and Al Khail Road nearby, ensuring seamless connectivity to the rest of Dubai. Public transport options are readily available, making commuting convenient for residents and visitors alike. Residents benefit from dedicated, covered parking spaces within the podium levels of the towers, ensuring security and convenience. Visitor parking is available on-site, typically managed through valet services. Additional paid parking options can be found in the surrounding Business Bay area for guests and short-term visitors.

Restaurants in Damac Towers by Paramount

Damac Towers by Paramount has 3 coffee shops and 13 restaurants within a 3 km radius

Lifestyle fit & resident profile

Lifestyle compatibility

  • Families28%
  • Young Professionals50%
  • Retirees30%
  • Students30%
  • Working Professionals62%

Top renter nationalities

  • India18%
  • Lebanon8%
  • United Kingdom7%
  • United Arab Emirates5%

Schools near Damac Towers by Paramount

Average annual fees
59,881
Number of schools in the area
21 schools within 5 km
Most common curriculum
UK
School nameCurriculumFee rangeDistanceKHDA rating
Hartland International School - FZUK - International Baccalaureate - UK/IB 49K - 93K1.7 kmVery good
North London Collegiate School Middle East L.L.C - FZInternational Baccalaureate 92K - 144K1.7 kmVery good
Jebel Ali School (Br of Taaleem Management (L L C))UK 50K - 102K2.7 kmVery good

Getting around Damac Towers by Paramount

Public transport access

Burj Khalifa / Dubai Mall •3.9 km
Business Bay •4.7 km
Financial Centre •4.3 km

Car access

346GP
Electric Vehicle Charging Station •1.0 km

What Residents say about Damac Towers by Paramount

Be the first to review Damac Towers by Paramount

Ratings review
3
Abhi S.

I’ve spent a fair amount of time around Business Bay and it’s one of those areas that looks exactly how you’d expect Dubai to look - sleek, central, and always a bit on the go. Location-wise, it’s hard to fault. You’re minutes from everything includes the likes of Downtown, DIFC, Sheikh Zayed Road, and almost next door to The Dubai Mall, which is obviously one of the biggest highlights of the city. Getting around is pretty seamless overall, and public transport is a big plus here: metros, buses, and cabs are all easily available, so you’re not fully reliant on a car. What’s interesting about Business Bay is that while it’s very work-driven, it’s also quite residential, so you get a mix of both. There are loads of cafés, gyms, and restaurants, and the canal side is genuinely a highlight, especially in the cooler months when it’s great for a walk or even cycling. That said, it can feel a little… transactional. A lot of people are there for work, so it doesn’t always have that strong “community” vibe. Traffic can also be a bit chaotic during peak hours, and depending on the building, quality really varies; some are great, others not so much. Overall, it works really well if you want convenience, connectivity, and that polished city feel, with the added bonus of actually being able to live there and not just work there.

6 months ago

2
Samson P.

Business Bay Peak hour traffic is really a challenge to get out of business bay, the metro is always crowded, for families and bachelors its ideal for being the middle of the city and burj views

6 months ago

3.3
Rishab B.

Business Bay is Dubai’s thriving commercial and mixed-use hub, offering a dynamic environment for both work and lifestyle. Known for its modern skyline, it is home to numerous offices, corporate headquarters, and business centers, making it one of the city’s prime destinations for professionals and entrepreneurs. The community also features high-rise residential towers, stylish apartments, and waterfront promenades along the Dubai Canal, creating a live-work-play environment. Residents enjoy a variety of dining, retail, and leisure options, with easy access to Downtown Dubai, Burj Khalifa, and other key areas. Connectivity is excellent, with major roads and metro access ensuring smooth commuting. However, as a central business district, the area can experience traffic congestion during peak hours, and rental rates tend to be on the higher side. Overall, Business Bay is ideal for those seeking a modern, urban lifestyle in close proximity to Dubai’s commercial and entertainment core.

6 months ago

3.3
Ajmal S.

One of the most central and vibrant locations of Dubai - mix of commercial and residential buildings. Plenty of restaurants, cafes and hotels - giving an ideal city vibe plus very close proximity to Downtown Dubai and Burj Khalifa! The Dubai Canal within the area is great for evening walks. The parking and traffic can get bit intense especially during peak hours. Getting around Business Bay is not always the easiest - buses are the ideal option for public transport rather than the metro as the buildings are spread out.

6 months ago

5
Huda N.

Amazing

7 months ago

Area Score Breakdown

How do residents score the area in the following categories?

0

Property types in Damac Towers by Paramount

Damac Towers By Paramount offers a diverse selection of property types, including studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments, as well as luxurious penthouses. These residences are designed for professionals, couples, and families seeking a blend of comfort and sophistication. Interiors feature open-plan layouts, high-quality finishes, floor-to-ceiling windows, and private balconies with panoramic city or canal views. Select units come with fully equipped kitchens, en-suite bathrooms, and smart home features, reflecting a modern, upscale lifestyle.

Frequently asked questions

Annual service charges in Damac Towers By Paramount vary depending on the unit size and type. These charges typically cover maintenance of common areas, security, and access to amenities. For the most accurate and up-to-date figures, it is advisable to consult the developer or property management.
Residents enjoy a comprehensive range of amenities, including temperature-controlled swimming pools, a modern gym, luxury spa, children’s play areas, multiple dining options, 24-hour concierge, and secure parking. The development also features retail outlets and entertainment zones inspired by Hollywood.
Damac Towers By Paramount is well-connected via major roads such as Sheikh Zayed Road and Al Khail Road. Public transport is accessible, with Business Bay Metro Station and several bus stops within walking distance, ensuring convenient travel throughout Dubai.
Yes, residents have access to dedicated, covered parking spaces within the building’s podium levels. Visitor parking is also available, often managed through valet services, and additional paid parking can be found nearby.
The development is close to several major landmarks, including the Dubai Canal Walk, Burj Khalifa, The Dubai Mall, and Dubai Opera. These destinations offer a variety of shopping, dining, and entertainment options within a short distance.