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.
Prices of properties for sale in Damac Towers by Paramount range from AED 500K to AED 4M, with a median of AED 1.63M. A total of 212 listings are available. 106 properties have been listed for sale in Damac Towers by Paramount over the past 30 days. Across all listings, 89% are verified and 69% are listed by SuperAgents.
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3
1,517 sqft
Apartment
Tower B, Damac Towers by Paramount, Business Bay, Dubai
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2
965 sqft
Apartment
Tower D, Damac Towers by Paramount, Business Bay, Dubai
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942 sqft
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Tower D, Damac Towers by Paramount, Business Bay, Dubai
143 sale transactions were recorded in Damac Towers by Paramount over the past 12 months, marking a 20.6% decrease YoY.
The data displayed is based on average prices and sizes of all in Damac Towers by Paramount.
See all TransactionsDamac 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.
Damac Towers by Paramount has 3 coffee shops and 13 restaurants within a 3 km radius
| School name | Curriculum | Fee range | Distance | KHDA rating |
|---|---|---|---|---|
| Hartland International School - FZ | UK - International Baccalaureate - UK/IB | 49K–93K | 1.7 km | Very good |
| North London Collegiate School Middle East L.L.C - FZ | International Baccalaureate | 92K–144K | 1.7 km | Very good |
| Jebel Ali School (Br of Taaleem Management (L L C)) | UK | 50K–102K | 2.7 km | Very good |
| Dubai International Private School - Br | American | 16K–25K | 3.4 km | Good |
| GEMS Our Own Indian School | Indian | 7K–15K | 3.5 km | Very good |
| Global Indian International School L.L.C | Indian | 23K–42K | 3.6 km | Good |
| Bilingual French International School L.L.C-FZ | French | 50K–101K | 3.8 km | Not inspected due to COVID 19 |
| Japanese School | Japanese | 32K–38K | 3.9 km | Good |
| JSS Private School L.L.C | Indian | 12K–26K | 4.0 km | Very good |
| Clarion School L.L.C | American | 42K–95K | 4.1 km | Good |
| Lycee Francais Jean Mermoz L.L.C | French | 40K–69K | 4.2 km | Not inspected due to COVID 19 |
| Horizons English School L.L.C | UK | 32K–44K | 4.2 km | Outstanding |
| Dubai British School Mira (Br Of Taaleem Management (L L C)) | UK | 51K–70K | 4.4 km | Not inspected yet |
| Harrow International School L.L.C | UK | 80K–110K | 4.4 km | Not inspected yet |
| Swiss International Scientific School FZ-LLC | International Baccalaureate | 69K–138K | 4.7 km | Not inspected due to COVID 19 |
| Al Shurooq Private School | Ministry of Education | 8K–13K | 4.7 km | Good |
| Rashid and Latifa School | UK | 4.7 km | Not inspected yet | |
| Jumeira Baccalaureate School | International Baccalaureate | 64K–96K | 4.9 km | Very good |
| Jumeirah English Speaking School | UK | 54K–65K | 4.9 km | Outstanding |
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.
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
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.
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.
Amazing
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.
