DAMAC Towers by Paramount by Damac Properties
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.
Unit Types and Floor Sizes
Furnished Apartments (Towers A, B, D)
- One bedroom apartments from 918 – 1,436 sqft
- Two bedroom apartments from 1,343 – 1,843 sqft
- Three bedroom apartments from 1,634 – 2,245 sqft
Hotel Rooms (Tower C)
- Studio units from 451 – 637 sqft
- One bedroom units from 932 – 1,580 sqft
Amenities
- Restaurants, bars and lounges
- Retail outlets, including a Paramount Hotels & Resorts boutique
- Wellness and fitness centre
- Grand lobby
- Steam room and sauna
- Children’s studio club
- Luxury spa
- Meetings and events facilities
- Screening rooms modelled after the professional studios at Paramount
- Temperature-controlled swimming pool
- 2 state-of-the-art gymnasiums
- 24-hour valet parking
- Ample parking
Payment Plan
| Installment | Milestone | Payment (%) |
| 1st | Down Payment | 10% |
| 2nd | Year 1 | 30% |
| 3rd | Year 2 | 46% |
| 4th | Year 3 | 14% |
