Project Overview

Starting PriceAED 1,192,000
Price Per Sqft fromAED 1,750
Area from681 Sqft.
Type Hotel
Bedrooms1BR2BR3BR
Location Sheikh Zayed Road
DeveloperDamac Properties Dubai
Developer Projects76
Est. Completion Q4 2019
Views3.2k

Paramount Tower Hotel and Residences

Paramount Tower Hotel & Residences is an 826-key luxury hotel and hotel residences tower on Sheikh Zayed Road. The 64-storey project will offer a sky lobby with views across the Burj area, a private Paramount Pictures screening room, a rooftop infinity swimming pool with a terrace and a fitness and wellness center with a state-of-the-art spa.

The hotel

Floors 15 to 36 present a selection of beautiful hotel rooms which not only offer an incredible experience for guests but also provide the opportunity for a very lucrative investment too. Rooms are tailored for comfort and but also to inspire creativity. They feature a spectacular in-room home theatre and access to a library of Paramount films. When the credits roll, the signature bed is the grand finale to your day.

The residences

For those seeking a little more room, with separate living and dining areas as well as numerous bedrooms, floors 37 to 63 offer a collection of luxury residences. Combining the comforts of home with the Paramount amenities and service, if you wish to take that option, they are great investments that are easily let out if you’re away. Whatever your choice of property, whilst in residence, you can experience the height of fashionable living; and when you’re away, you’ll earn impressive rental income.

Location of Paramount Tower Hotel and Residence

Sheikh Zayed Road (The E11) is the main artery of the city. The road was formerly known as Defense Road. The stretch between Trade Centre Roundabout and Interchange 2 is home to many of Dubai’s skyscrapers, both old and new, and this section is recognized as the main residential arm of the highway in the city. Sheikh Zayed Road is quite unique because it’s a leasehold community, whereby a private developer owns each tower, as opposed to freehold communities where different landlords buy from the developer and lease their units out. Sheikh Zayed Road is a convenient place to live as Downtown and the iconic Burj Khalifa are only two minutes away. The accommodation in Sheikh Zayed Road is consisting of 1, 2, and 3 bedrooms apartment with unique amenities and facilities.

Unit types and floor sizes

Hotel rooms

  • Studios of 517 square feet
  • One bedroom hotel rooms from 746 – 1,251 square feet
  • Two bedroom hotel rooms from 1,533 – 1,732 square feet

Residential apartments available in studios, along with one, two and three bedroom arrangements

  • Studio apartments from 521 – 602 square feet
  • One bedroom apartments from 855 – 1,234 square feet
  • Two bedroom apartments from 1,200 – 1,570 square feet
  • Three bedroom apartments from 1,560 – 2,077 square feet

Amenities

  • Temperature-controlled rooftop infinity swimming pool overlooking the Burj area
  • Restaurants and lounges
  • Luxury retail outlets including a Paramount Hotels & Resorts’ merchandise store
  • Screening room modelled after the professional studios at Paramount
  • Luxury spa, wellness and fitness centre
  • Fully equipped gymnasium
  • Kids Studio Club
  • Meetings and events facilities

Payment Plan

Payment TermPercent/ValueMilestone
Down Payment10% + 4% DLD FeesImmediate
1st Installment10%Within 120 days of sale date
2nd Installment10%Within 360 Days of Sale Date
3rd Installment10%Within 540 Days of Sale Date
4th Installment10%Within 720 days of sale date
5th Installment50%On Completion

Location Map

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Sheikh Zayed Road
This location in the map may not be exact. To get exact location, click here
This location in the map may not be exact. To get exact location, click here.

Escrow Account

Bank COMMERCIAL BANK OF DUBAI (PSC)

Escrow Account

Account Name PARAMOUNT TOWER HOTEL & RESIDENCES

Escrow Account

Account Number 1001698784

Escrow Account

Project No. 1665

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