Off-plan

Paramount Tower Hotel

Business Bay · DAMAC

Key facts

Price
From AED 1,359,750
Bedrooms
Studio–1 BR
Size
520 sq ft – 1,049 sq ft
Handover
Q3 2019
Payment plan
100/0
Service charge
23.5 AED/sqft
Escrow account
Yes · 1001698784

Prices and availability may change. Last updated 3 November 2026.

Construction progress

100% complete, as of 3 November 2026 · Handover Q3 2019

Prices and sizes by unit type

BedroomsPriceSize
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
StudioFrom AED 1,359,750520 sq ft
1 BRFrom AED 2,613,4501,049 sq ft
1 BRFrom AED 2,613,4501,049 sq ft

Payment plan

Payment Plan (For Apartments) · 100/0

  1. 100% · On booking

Payment Plan (For Hotel Apartments) · 20/80

  1. 20% · On booking

  2. 80% · Within 36 months from booking

About the project

Project general facts

The Paramount Tower Hotel 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.

Amenities

  • State Of Art Wellness Facilities
  • Axis Of Action
  • Mixologist Bar
  • Sky Hotel Lobby
  • 235m High Infinity Pool
  • World-Class Chefs And Inspired Menus
  • Meeting Rooms

Location

  • Learning Tree Nursery · 4 min
  • Bay Avenue · 4 min
  • Bay Avenue Mall · 6 min
  • Dubai International Airport · 18 min
  • Downtown · 7 min
  • Mercato Beach · 13 min

Masterplan

Masterplan of Paramount Tower Hotel

Floor plans

Developer

DAMAC

Escrow protection

Off-plan payments are held in a regulated project account.

No tax on rental income for individuals*

No personal income tax in the UAE.

USD-pegged currency

The dirham is pegged to the US dollar.

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