Project Overview

Starting PriceAED 2,354,000
Price Per Sqft fromAED 2,229
Area from1056 Sqft.
Type Apartments
Bedrooms1BR2BR3BR
Location Business Bay
DeveloperDamac Properties Dubai
Developer Projects76
Est. Completion Q3 2018
Views4.6k

DAMAC Towers by Paramount

DAMAC Towers by Paramount Hotels & Resorts is a hotel and residential complex located in the heart of the stylish Burj area, Dubai. Damac Towers by Paramount is a mega project consisting of four buildings, one of which will house the Paramount-branded hotel while the other three buildings will have the Damac Maison Paramount serviced residences. Sophisticated yet inviting, suites feature contemporary design cues where elements of the California lifestyle are transported to Dubai in a distinctive ‘Hollywood studio’ feel.  According to developer press-releases, there are more than 1,000 serviced one, two and three bedroom apartments and the hotel will have 800 rooms. Paramount Hotel includes an impressive lobby with a coffee lounge and chocolaterie. Like a jewel in the crown, it also includes a spectacular reception area, featuring 360-degree floor-to-ceiling digital walls, which makes you feel like a movie star. Whilst in residence, you’ll experience the height of fashionable living with the service standards of the finest luxury hotels; and when you’re away, you’ll earn impressive rental income from your exquisite property. Residents and guests can enjoy high-end shopping with the perfect combination of global luxury and California cool, implemented through a signature Paramount Hotels & Resorts merchandise store: The Vault.

The Burj area is an upscale mixed-use community combining commercial, residential, hospitality, entertainment, shopping and leisure facilities in open green spaces scattered with lakes and fountains. An inspired urban concept, this illustrious part of town is home to the world’s tallest tower, its largest shopping mall, iconic fountains and a host of other first-class amenities.

Amenities

  • Furnished and serviced one, two and three bedroom suites
  • Eight restaurants, bars and lounges
  • Retail outlets including a Paramount Hotels & Resorts boutique
  • Wellness and fitness centre
  • Grand lobby
  • Steam room and sauna
  • Kids Studio Club
  • Luxury spa
  • Meetings and events facilities
  • Screening rooms modelled after the professional studios at Paramount
  • Temperature-controlled swimming pool
  • State-of-the-art gymnasium
  • 24-hour valet parking service
  • Ample parking space

Payment Plan

Tower A, B & D

Damac Towers by Paramount – A, B & D
InstallmentMilestonePercentage (%)
DepositImmediate30% + 4% RERA registration fees
1st InstallmentOn Completion70%

Tower C

Damac Towers by Paramount – C
InstallmentMilestonePercentage (%)
DepositImmediate14%
1st InstallmentWithin 90 days of Sale Date10%
2nd InstallmentOn Completion10%
3rd InstallmentWithin 90 days from completion date10%
4th InstallmentWithin 180 days from completion date10%
5th InstallmentWithin 270 days from Completion date10%
6th InstallmentWithin 360 days from Completion date10%
7th InstallmentWithin 450 days from Completion date10%
8th InstallmentWithin 540 days from Completion date10%
9th InstallmentWithin 630 days from Completion date10%

DAMAC Towers By Paramount Hotels & Resorts Video

Location Map

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Business Bay
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This location in the map may not be exact. To get exact location, click here.

Escrow Account

Bank ABU DHABI ISLAMIC BANK

Escrow Account

Account Number 15808213

Escrow Account

Project No. 443

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