Compliance & specs
DLD-verifiableAbout
Project general facts
Damac Towers by Paramount is an iconic mixed-use residential and hospitality development located in Dubai’s prestigious Burj area. The project consists of four striking towers rising approximately 270 metres above the city, with three towers dedicated to luxury residences and the fourth housing the Paramount Hotel. Inspired by the glamour of Hollywood, the development combines sophisticated architecture with cinematic design influences, offering a distinctive lifestyle experience in one of Dubai’s most sought-after locations near Downtown Dubai and the city’s major attractions.
The development features an extensive collection of premium amenities designed to reflect the luxury hospitality standards of the Paramount brand. A multi-level plaza connects all four towers and includes specialty restaurants, a dine-in cinema, wellness facilities, swimming pools, and a dedicated Kids Studio Club. Residents also benefit from access to the world-class facilities of the Paramount Hotel, creating an environment that blends residential comfort with five-star hotel services and entertainment-focused experiences.
The interiors are designed with exceptional attention to detail, combining elegant architectural finishes, thoughtfully planned layouts, and luxurious design elements inspired by the glamour of the film industry. Kitchens are fully equipped with modern appliances, while all residences are delivered fully furnished, creating a turnkey living experience that reflects the sophistication, comfort, and cinematic character of the Paramount brand.
Location description and benefits
Business Bay is one of Dubai’s most dynamic and fast-paced neighborhoods, known as the city's central business, commercial, and residential hub. Located just minutes from Downtown Dubai and the iconic Burj Khalifa, it offers a strategic location with seamless access to Sheikh Zayed Road and Al Khail Road. Business Bay is a prime destination for professionals, entrepreneurs, and investors looking to be at the heart of Dubai’s thriving economy, with a skyline defined by high-rise towers, luxury hotels, and modern office spaces.
Beyond its corporate appeal, Business Bay has evolved into a vibrant lifestyle destination. The area features a wide range of residential options, from upscale studios to spacious penthouses, many with stunning views of the Dubai Canal. Residents enjoy an urban lifestyle with access to fine dining, boutique cafes, waterfront promenades, gyms, and art spaces, all set against a backdrop of architectural elegance. The Dubai Water Canal also adds a touch of serenity, perfect for walks, boat rides, or simply enjoying the city lights by the water.
As one of the most well-connected and sought-after areas in Dubai, Business Bay continues to grow as a leading hub for luxury living and commercial innovation. Whether you're working, living, or investing, it offers the perfect blend of modern convenience, cosmopolitan energy, and high-end urban living — all in one prime location.
Available unit types
5 bedroom configurations
These thumbnails show sample layouts for each bedroom configuration. Actual unit sizes, orientations, and finishes vary across the 4 buildings — the developer's full floor-plan pack below covers every variant.
Studio
451 – 637 sqft
Range across 13 layout variants
1 bedroom
929 – 1155 sqft
Range across 22 layout variants
2 bedrooms
1388 – 1517 sqft
Range across 9 layout variants
3 bedrooms
2014 sqft
4 bedrooms
2801 sqft
Office spaces
Layouts and pricing released on request.
Talk to a broker
Payment PlanInterest-free incl. post-handover
- 1.20%
On booking
- 2.80%
Post Handover
Calculate your payments
Pick a unit type or enter a custom price. We'll spread it across the plan's phases in AED + your selected currency, with plain-English timing labels. Download as a spreadsheet for your records.
| # | When | Step | % | Amount (AED) | Amount (USD) | Cumulative (USD) |
|---|---|---|---|---|---|---|
| 1 | Upon booking | Reservation | 20% | 227,010 | 61,815 | 61,815 |
| 2 | Post-handover | Post Handover | 80% | 908,040 | 247,259 | 309,074 |
| Total | 100% | AED 1,135,050 | USD 309,074 | |||
Cash-flow shape: 20% during the construction period (20% upon booking), 80% spread across the post-handover instalments.
0% interest — through construction AND post-handover — every instalment is at face value, no APR, no compounding.
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Our advisors walk you through the math, the trade-offs, and the post-handover options. You don't pay us — ever.
Amenities
5 features
Location
25.18643, 55.29202
Nearby
- City School Holdings International3.6 km · 9 min
- South Ridge Park4 km · 10 min
- Dubai Mall3 km · 12 min
- Mercato Beach7.7 km · 21 min
- Dubai International Airport11.7 km · 12 min
- Downtown2.9 km · 9 min
About Business Bay
Working-professional + investor mix; central Dubai location A look at the original masterplan published by the developer at the time of the launch of Business Bay.
Explore Business BayAbout DAMAC
DAMAC Properties is part of DAMAC Group that has been shaping the Middle East's luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond. Since the early days of DAMAC Properties, the organisation has continually received recognition and accolades for its contribution to the real estate development sector. Having now received over 100 global awards and commendations, for everything from high-rise architecture and interior design to excellence in hospitality and international golf course communities, DAMAC only goes from strength to strength. DAMAC Properties has grown to become one of the world’s foremost luxury developers, with projects spanning the GCC, Levant, Middle East, United States and United Kingdom.
Building details
Tower B
1, 2 & 3 bedroom apartments
Tower D
1, 2 & 3 bedroom apartments
Tower A
1, 2 & 3 bedroom apartments
Tower C
1, 2 & 3 bedroom hotel apartments
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Apartment | 3 | 2 |
| Apartment | 2 | 1 |
| Apartment | 1 | 1 |
Marketing brochure
Why Dubai off-plan
The macro case for buying off-plan in Dubai
These six pillars apply to every project on this site — not just this one. If you're new to the UAE market, they're the context you need before evaluating the specific unit above.
0% interest, ever
Off-plan payment plans are interest-free, end to end. Every instalment is at face value — no APR, no compounding, no balloon hidden in the back. Buyers from interest-bearing markets routinely underestimate how much this saves over a 3–5 year hold.
No income or capital-gains tax on property
Dubai charges no annual property tax, no income tax on rental yield, and no capital-gains tax on resale. The DLD 4% transfer fee is a one-time cost at registration — after that, your returns are yours.
20% usually opens the unit
Most off-plan plans book with a ~20% reservation deposit. You're under contract with the developer immediately, with the rest spread across construction milestones. The deposit is what unlocks the buy-side, not the full unit price.
Post-handover plans extend the runway
Many projects offer 2–4 years of post-handover instalments — meaning a chunk of the price gets paid AFTER you take keys. Once the unit is rented, that income can help cover the post-handover payments — rarely the full instalment, but enough to make the cash-flow comfortable rather than tight.
Golden Visa from AED 2M
A property purchase of AED 2M+ qualifies the buyer (and family) for the UAE Golden Visa — a 10-year renewable residency. The visa is the headline benefit; for many international buyers it's the actual reason to buy in Dubai.
Freehold ownership for foreigners
Across the 80+ freehold zones (Dubai Marina, Downtown, Palm Jumeirah, Business Bay, JVC, Dubai Hills, and the rest), foreigners own 100% of the asset and the land. There's no Emirati partner requirement, no lease structure — title deed in your name.
Price
from AED 1,135,050
≈ USD 309,074
Talk to a Casadior broker
