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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

Location

Nearest points of interest

Restaurants
Flashback Speakeasy Bar & Lounge
63 m
The Stage
63 m
Malibu Deck - Pool Bar
63 m
Pacific Groove - Restaurant & Lounge
63 m
Carna By Dario Cecchini
129 m
Groceries
O Mart Supermarket
623 m
Al Rayhan Grocery
657 m
Best Mart
697 m
Bridge City Minimart
791 m
Lets Go Mini Mart
841 m
Schools
Hartland International School
1.5 km
North London Collegiate School Dubai
1.9 km
Dubai International private School - BR
3.6 km
INTERNATIONAL CONCEPT EDUCATION
3.7 km
Iranian Towheed Boys School
3.7 km
Hospitals
Empire Dental Clinic
1 km
Bay Square Ladies Massage And Relaxation Center
1.3 km
Elite Style Polyclinic
1.6 km
Lookswoow
1.7 km
Jadore Medical Center
1.8 km
Religious
Ahel Al Sunnah Mosque (625)
1.4 km
Al Ghafoor Mosque
3.4 km
Bay avenue mousq
3.5 km
Makhtoom Bin Khalifa Bin Saeed Al Maktoom Mosque
3.6 km
Rashid bin Bakhit Mosque
3.6 km
All distances are measured in straight lines. Actual travel distances may vary.

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.

  • Business Bay Metro Station (approx. 5 minutes by car, 15 minutes on foot)

  • Burj Khalifa/Dubai Mall Metro Station (approx. 10 minutes by car)
  • Business Bay Bus Station

  • Bay Square Bus Stop

  • Dubai Fountain Street Bus Stop

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.

  • Dubai Canal Walk

  • Burj Khalifa

  • The Dubai Mall

  • Dubai Opera

  • Bay Avenue Park

  • Dubai International Airport (approx. 20 minutes by car)

Properties

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.

1-bedroom apartments in Damac Towers By Paramount are thoughtfully designed, offering spacious living areas, open or semi-open kitchens, and private balconies. These units typically include an en-suite bathroom, built-in wardrobes, and contemporary finishes. The layout maximizes natural light and provides a comfortable setting for singles or couples.


Explore 1 Bedroom Apartments:



2-bedroom apartments offer generous living spaces, often featuring open-plan kitchens, large living and dining areas, and balconies with impressive views. These units include two en-suite bathrooms, ample storage, and may offer additional features such as a maid’s room or laundry area. The design caters to families or professionals seeking extra space and comfort.


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Penthouses in Damac Towers By Paramount epitomize luxury living, offering expansive layouts with multiple bedrooms and bathrooms. These residences often feature private terraces, premium finishes, and breathtaking views of the Dubai skyline or canal. Select penthouses may include exclusive amenities such as private pools, dedicated elevators, and smart home automation.


Explore Penthouses:





Recent rental transactions

DateRented Price (AED/Year)Contract StatusProperty TypeBedroomsSize (sqft)
22 Jun 2026 - 21 Jun 202755,000
New
ApartmentStudio417.75
28 Jul 2026 - 27 Jul 2027240,000
Renewed
Apartment3 Beds1717.27
28 Jun 2026 - 27 Jun 202755,000
New
ApartmentStudio603.42
10 Apr 2026 - 9 Apr 2027149,000
New
Apartment3 Beds2075.28
29 Jun 2026 - 28 Jun 202767,000
Renewed
Apartment1 Bed835.28
22 Jun 2026 - 21 Jul 202760,000
New
Apartment1 Bed484.59
20 Jun 2026 - 19 Jun 202770,000
New
Apartment1 Bed905.14
25 Jun 2026 - 24 Jun 2027170,000
New
Apartment2 Beds1080.80
1 Mar 2026 - 28 Feb 2027112,001
Renewed
Apartment2 Beds1533.53
22 Jun 2026 - 21 Jun 202753,000
New
ApartmentStudio438.41

The data displayed is based on average prices and sizes of all apartments in Business Bay.

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Explore properties in Damac Towers by Paramount that match your interest

See All
  • Genuine Listing | Spacious | Modern Layout

    Apartment

    125,000 AED/year

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

    2

    3

    1,517 sqft

  • Fully Furnished | Burj View | Ready To Move

    Apartment

    155,000 AED/year

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

    3

    3

    1,744 sqft

  • Furnished 3 BR Apartment Pool View High Floor

    Apartment

    210,000 AED/year

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

    3

    3

    1,747 sqft

What Residents say about Damac Towers by Paramount

Be the first to review Damac Towers by Paramount

Ratings review
2.8
A
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.

3 months ago

1.8
S
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

3 months ago

3.0
R
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.

3 months ago

3.4
A
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.

4 months ago

5.0
H
Huda N.

Amazing

4 months ago

Area Score Breakdown

How do residents score the area in the following categories?

0.0

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.