Compliance & specs
DLD-verifiableAbout
Project general facts
The Paramount Tower Hotel and Residences is a 63-storey mixed-use development combining hospitality, residential living, and retail functions within a single high-rise structure. The building features retail spaces on the ground floor, a hotel occupying floors 5 to 25, and luxury residences located from floors 26 to 63. The project is designed under the Paramount Hotels & Resorts concept, integrating a cohesive architectural approach that blends hotel services with private residential living, creating a unified vertical community.
The amenities within the tower are aligned with the Paramount signature lifestyle offering, providing a strong focus on entertainment and comfort. Residents and guests benefit from hotel-style services as well as curated leisure facilities, including access to a cinematic experience concept with a home theatre environment and a dedicated library of Paramount Pictures films. The development is tailored to deliver a hospitality-driven living experience, combining residential privacy with full hotel infrastructure and services.
The interiors feature fully furnished apartments with a functional and comfortable layout. Kitchens are fully equipped with appliances, supporting ready-to-move-in living standards. Finishing is completed with high-quality materials in a modern style, consistent with the overall luxury positioning of the development, ensuring a polished and contemporary residential environment without requiring additional furnishing.
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
2 bedroom configurations
These thumbnails show sample layouts for each bedroom configuration. Actual unit sizes, orientations, and finishes vary across the 1 building , the developer's full floor-plan pack below covers every variant.
Studio
520-520 sqft
Range across 5 layout variants
1 bedroom
844-1049 sqft
Range across 3 layout variants
Office spaces
Layouts and pricing released on request.
Talk to a broker
Retail units
Layouts and pricing released on request.
Talk to a broker
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 | 100% | 1,359,750 | 370,260 | 370,260 |
| Total | 100% | AED 1,359,750 | USD 370,260 | |||
Cash-flow shape: 100% during the construction period (100% upon booking).
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Amenities
7 features
Location
25.19342, 55.26544
Nearby
- Learning Tree Nursery1.2 km · 4 min
- Bay Avenue 1.2 km · 4 min
- Bay Avenue Mall1.3 km · 6 min
- Dubai International Airport15.3 km · 18 min
- Downtown2.7 km · 7 min
- Mercato Beach6.2 km · 13 min
About Business Bay
Business Bay is Dubai's central commercial and residential district, strategically positioned along Sheikh Zayed Road and Al Khail Road. The area offers convenient access to key Dubai destinations: approximately 9 minutes by car to Dubai Mall, 20 minutes to Burj Al Arab, 21 minutes to Palm Jumeirah, and 32 minutes to Dubai International Airport. Well-established infrastructure includes improved parallel roads with enhanced connectivity completed in 2018.
Explore Business BayAbout DAMAC
Damac Properties LLC, established in 1982, is a tier-1 UAE developer specializing in luxury residential communities and branded residences across Dubai's prime locations including Business Bay, Damac Hills, and Safa Park. The developer maintains a portfolio of 62 projects in our catalogue, with notable developments including Chic Tower, Damac Islands, and properties under the Autograph Collection brand.
Building details
Studio, 1, 2, 3 bedroom apartments & Studio, 1, 2 bedroom hotel apartments
Parking allocation
| Unit type | Bedrooms | Spaces |
|---|---|---|
| Apartment | 3 | 2 |
| Apartment | 2 | 1 |
| Apartment | 1 | 1 |
| Apartment | 0 | 1 |
Marketing brochure
Frequently asked questions
About Paramount Tower Hotel And Residences
What is the starting price for Paramount Tower Hotel And Residences?
Prices at Paramount Tower Hotel And Residences start from AED 1,359,750. Off-plan inventory moves with availability, so confirm the current entry price with a Casadior broker before deciding.
What is the payment plan for Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences is offered with the Payment Plan. The full instalment schedule, what is due at booking, during construction, and at handover, is published on this page.
When does Paramount Tower Hotel And Residences hand over?
Paramount Tower Hotel And Residences is already delivered. Completed units trade as ready property rather than off-plan, so availability depends on current developer and resale stock.
Where is Paramount Tower Hotel And Residences located?
Paramount Tower Hotel And Residences is located in Business Bay, Dubai. The location section on this page has the map and nearby points of interest.
Who is the developer behind Paramount Tower Hotel And Residences?
Paramount Tower Hotel And Residences is developed by DAMAC. The developer's track record and full project list are on our DAMAC page.
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.
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Price
from AED 1,359,750
≈ USD 370,260
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