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 1.6M. A total of 191 listings are available. 106 properties have been listed for sale in Damac Towers by Paramount over the past 30 days. Across all listings, 92% are verified and 68% are listed by SuperAgents.

Median price
1.6M
Price range
525K - 4M

Damac Towers by Paramount Property Prices at a Glance

0 10 20 30 40 500K 800K 1.1M 1.4M 1.7M 2M 2.3M 2.6M 2.9M 3.2M+

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Properties available
191
Added in last 30 days
106
Verified properties
92%
Listed by superagent
68%
  • Enamul Haque
    Enamul Haque
    fam Properties - Branch 29
    750,000 AED

    Best Price | Premium Luxury | Hotel Room

    studio

    1

    451 sqft

    Apartment

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

  • Robert English
    Robert English
    White & Co Real Estate
    2,500,000 AED

    High Floor | Burj Khalifa View | Vacant

    2

    2

    1,388 sqft

    Apartment

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

  • Lucas Joshi
    Lucas Joshi
    Allsopp & Allsopp
    2,050,000 AED

    Sky Line Views | High Floor | Two Beds

    2

    3

    1,394 sqft

    Apartment

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

  • Muhammad Qasim Muhammad Iqbal
    Muhammad Qasim Muhammad Iqbal
    EVH Real Estate
    1,400,000 AED

    Largest Layout | Fully Furnished | VOT

    1

    2

    1,055 sqft

    Apartment

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

  • Darshan Jagwani
    Darshan Jagwani
    J N V REAL ESTATE L.L.C
    2,750,000 AED

    Fully Furnished | 3 Bedroom | Vacant Now

    3

    3

    1,747 sqft

    Apartment

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

  • Michel Badawi
    Michel Badawi
    Wiki Homes
    1,380,000 AED

    Investor deal | Hight-End Tower | Well Maintained

    1

    2

    949 sqft

    Apartment

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

  • Michel Badawi
    Michel Badawi
    Wiki Homes
    1,380,000 AED

    Quality Furniture | Large Balcony | High-End Tower

    1

    2

    929 sqft

    Apartment

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

  • Przemyslaw (Shem) Jastrzebski
    Przemyslaw (Shem) Jastrzebski
    White & Co Real Estate
    3,990,000 AED

    High Floor |Full Downtown View| Furnished

    3

    4

    1,975 sqft

    Apartment

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

Sales transactions in Damac Towers by Paramount

142 sale transactions were recorded in Damac Towers by Paramount over the past 12 months, marking a 21.1% decrease YoY.

  • 2,175,0001,545 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,407 ft²
    3 Nov 2026Ready
  • 1,550,0001,469 per sqft
    Apartment|1 Bed|Built: - ft² • Plot: 1,055 ft²
    3 Nov 2026Ready
  • 1,878,7202,022 per sqft
    Apartment|1 Bed|Built: - ft² • Plot: 929 ft²
    2 Nov 2026Ready
  • 2,000,0001,441 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,388 ft²
    30 Oct 2026Ready
  • 2,769,2501,996 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,388 ft²
    26 Oct 2026Ready
  • 1,188,6741,280 per sqft
    Apartment|1 Bed|Built: - ft² • Plot: 929 ft²
    23 Oct 2026Ready
  • 1,360,0001,464 per sqft
    Apartment|1 Bed|Built: - ft² • Plot: 929 ft²
    22 Oct 2026Ready
  • 2,013,5511,356 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,485 ft²
    22 Oct 2026Ready
  • 2,600,0001,593 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,632 ft²
    20 Oct 2026Ready
  • 2,600,0001,593 per sqft
    Apartment|2 Beds|Built: - ft² • Plot: 1,632 ft²
    20 Oct 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

  • Families27%
  • 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

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Ratings review
5
Eternal Estates Grou...

Super professional in explaining all the key details of the building. Was wonderful to meet and speak to him to get all the insights.

12 days ago

3
Abhi

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.

7 months ago

2
Samson

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

8 months ago

3.3
Rishab

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.

8 months ago

3.3
Ajmal

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.

8 months ago

5
Huda

Amazing

8 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.