Your Guide to DAMAC Towers by Paramount Apartments for Rent
DAMAC Towers by Paramount brings Hollywood glamour to Business Bay through four interconnected 55-storey towers. This development offers serviced apartment living with hotel-standard amenities, attracting young professionals and couples who value luxury and a central location. The towers feature a distinctive "California cool" design and sit slightly back from Business Bay's busiest areas, providing a more peaceful environment while maintaining excellent connectivity to Sheikh Zayed Road and Al Khail Road.
If you're searching for DAMAC Paramount apartments for rent, the complex features spacious layouts ranging from 930 to 2,000 sq ft with modern facilities and prime location access.
Market Overview
Properties available for the Damac Paramount rent position themselves at the upper end of Dubai's rental market. This premium pricing reflects the fully furnished nature of most units, extensive amenities, and prime Business Bay location. The Damac Towers by Paramount rent typically exceeds the emirate's average due to the serviced apartment model and Hollywood-inspired interiors.
One-bedroom apartments typically rent for around AED 116,000 annually, while two-bedroom units average AED 171,000, and three-bedroom homes reach approximately AED 213,000 per year. All apartments come equipped with built-in wardrobes, central air conditioning, and fully equipped kitchens. The four towers offer varying orientations, directly impacting rental values based on the views each unit commands.
Average Prices & Sizes of DAMAC Towers by Paramount Business Flats for Rent
DAMAC Paramount Business Bay apartments for rent offer a range of options across three residential towers, with competitive pricing based on unit size and configuration.
- 1-Bedroom: Median rent AED 116,000 per year, average size 930-1,100 sq ft
- 2-Bedroom: Median rent AED 171,000 per year, average size 1,400-1,600 sq ft
- 3-Bedroom: Median rent AED 213,000 per year, average size 1,750-2,000 sq ft
The average annual rent across all apartments is approximately AED 140,000, with units starting from AED 90,000 per year. With over 250 available units currently on the market, prospective tenants have plenty of choices across Towers A, B, and D.
Location & Amenities
DAMAC Towers by Paramount enjoys a central Business Bay location, offering residents a well-connected, resort-style lifestyle with everyday conveniences, dining, and leisure options close at hand.
Connectivity Highlights
Strategically positioned on Al Khail Street, the development provides smooth access to Dubai’s main road networks and public transport.
- Roads: Direct links to Sheikh Zayed Road and Al Khail Road for easy commutes to DIFC, Downtown Dubai, and Dubai Marina
- Landmarks: The Dubai Mall and Burj Khalifa are around 10–12 minutes away by car
- Metro: Business Bay Metro Station is within a short drive
- Bus: Business Bay 2 Bus Stop with routes 26, F19A, F41, X22, and F14
Schools
- Clarion School
- North London Collegiate School
- Hartland International School
Nurseries
- SGS Nursery
- First Path Montessori
- Kids Castle
Malls
- Souq Al Muskaan
- Bay Avenue By Dubai Retail
- Dubai Mall
Supermarkets
- F Mart Supermarket (ground floor)
- Carrefour Market
- J Market
Dining & Entertainment
Residents enjoy on-site venues located across the podium and hotel tower:
- JUYI Lounge & Bar
- Anzeera Restaurant
- The Stage
- Malibu Deck
Fitness, Wellness & Community Facilities
- Fully equipped gymnasiums and multiple swimming pools
- Luxury spa with sauna and steam rooms
- Barbecue areas and landscaped communal spaces
- Private cinema screening room
- Dedicated children’s play area
Why Rent an Apartment in DAMAC Towers by Paramount?
Hollywood-Themed Serviced Living
DAMAC Towers by Paramount offers a distinctive Hollywood-inspired lifestyle with fully furnished, serviced apartments. Paramount Towers Business Bay apartments for rent suit professionals and expatriates seeking stylish, turnkey homes with hotel-level comfort.
Prime Business Bay Location
Located in Business Bay, the towers provide quick access to DIFC, Downtown Dubai, and Sheikh Zayed Road. The Dubai Mall and Burj Khalifa are just 10–12 minutes away by car, making daily commutes and city outings easy.
Resort-Style Amenities
Residents enjoy swimming pools, modern gyms, spa facilities with sauna and steam rooms, and a private cinema. These facilities support an active, social lifestyle without leaving the development.
Pros & Cons of Renting an Apartment in DAMAC Towers by Paramount
Pros
- Fully furnished, Hollywood-themed apartments
- Resort-style amenities (pools, spa, cinema)
- Central Business Bay location with major road access
- On-site dining, retail, and hotel-level services
Cons
- Higher rents than similar units in Dubai
- Metro requires a short drive or bus ride
- Peak-hour traffic in Business Bay
FAQs
Are apartments in DAMAC Towers by Paramount considered affordable or high-end?
DAMAC Tower rent is positioned at the high end, reflecting luxury amenities, fully furnished interiors, prime Business Bay location, and hotel-standard services.
Are the apartments furnished or unfurnished?
Most DAMAC Paramount Business Bay apartments for rent come fully furnished with Hollywood-themed interiors, quality furniture, and equipped kitchens.
Are pets allowed in DAMAC Towers by Paramount?
Pet policies vary by lease. Verify permissions with property management before signing.
What utilities are included in the rent?
Utility inclusions vary. Some Paramount Towers Business Bay flats for rent offer all-inclusive packages; others separate chiller fees. Clarify before signing.