Damac Paramount Towers

Damac Paramount Towers is a premium project by Damac Properties in the heart of Business Bay, comprising four 66-storey buildings designed in a Hollywood-inspired style. Three towers hold residences, from studios to one-, two- and three-bedroom apartments, while the fourth is a hotel. Sleek, contemporary interiors and functional layouts run throughout, united by a multi-level podium of restaurants, bars, event halls, spas, pools and shopping.

What is it?

The development is a landmark cluster of studios and one- to three-bedroom apartments wrapped around a resort-style amenity podium. That shared base brings together restaurants and bars, event halls, fitness centres, spas, swimming pools with a huge sun terrace and panoramic views, recreation areas, cinemas, a children's club and a retail zone. With a hotel component alongside the residences, the towers offer a serviced, lifestyle-led environment that suits both full-time living and investment, and each residence pairs a modern aesthetic with a practical layout. At 66 storeys, the towers also command sweeping views across Business Bay, the canal and the Downtown skyline from their upper floors.

Why this location?

Business Bay is a commercial, residential and business hub straddling the Dubai Water Canal, with Downtown, Burj Khalifa, the Opera district, Dubai Mall and Souq Al Bahar just steps away. The complex faces directly onto Al Abraj Road, which connects to the Ras Al Khor highway, making it easy to move between districts, and public transport is close, with the Business Bay bus stop within walking distance and the Financial Centre and Business Bay Metro stations nearby. Everyday dining such as Fuchsia Urban Thai and grocery options including Spinneys and Carrefour sit close at hand.

What will it cost?

Prices range from AED 1,220,100 to AED 5,515,000, with homes sized from 476 to 2,801 sq ft on a freehold basis. Two payment plans are available: one covering Tower C and the Hotel with a post-handover component, and another for Tower A with no post-handover element. Buyers should budget for the standard 4% Dubai Land Department registration fee, and larger residences priced at AED 2,000,000 or above can also qualify the owner for the UAE Golden Visa and its long-term residency benefits.

Who is it for?

Paramount Towers suits professionals and city-lovers who want branded, amenity-rich living beside Downtown, as well as investors targeting a central Business Bay address with flexible payment options and hotel-style demand. The broad price range means it works for both entry-level buyers and those seeking larger family homes. As a branded, four-tower landmark on the edge of Downtown, Paramount Towers combines recognisable identity with a location that keeps tenants and buyers returning, a combination that underpins both its lifestyle appeal and its long-term investment case. Explore layouts, pricing and availability for Paramount Towers on offplans.com.