DAMAC Towers by Paramount
Key information
Length of stay:
Short term: 3.02%
Long term: 96.98%
Renewal rate:
Rental yield:
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.
Main Highlights & Amenities
Damac Towers By Paramount stands out for its Hollywood-themed interiors, world-class amenities, and prime location in Business Bay. The development offers a unique blend of luxury, convenience, and entertainment, making it a sought-after address in Dubai.
- 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 & Transportation of DAMAC Towers by Paramount
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 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.
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.
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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.
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