DAMAC · Business Bay · Dubai · United Arab Emirates
Damac Towers by Paramount
Availability and pricing checked 8 Oct 2026 — this catalogue refreshes daily. Prices, sizes and counts describe the homes currently released for sale, not the development as a whole.
The essentials
- Available now from
- AED 1,135,050
- Available up to
- AED 4,349,000
- Layouts on offer
- Studio – 3 bed
- Available sizes
- 451 – 2,014 sqft (41.9 – 187 sqm)
- Service charge
- 23.5 AED/sqftCharged once a year — about AED 10,599 on the smallest published layout, 451 sqft
- Status
- completed
- Build progress
- 100% complete
- Furnishing
- yes
- Move in
- At transfer — completed Q3 2019
- Buildings releasing now
- 4
- Escrow account
- Registered
Damac Towers by Paramount was built as apartments, in studio – 3 bed layouts, across 4 buildings.
Payment plan
20 / 80AED 227,010 is the booking amount — the reservation deposit, or down payment, that holds the lowest-priced home, then about a month to handover.
Live availability
49 homes are still unsold — see the price list.
Get the developer’s own price list — unit number, floor, exact size, price and price per square foot for every one.
Arrives in about a minute. No phone call unless you ask for one.
Live availability
| Unit | Floor | Beds | Size | Price | Per sqft |
|---|
Availability moves daily. An advisor will confirm and can place a hold on your behalf.
What does your budget buy here?
Set a figure and we will match it against what is still available in this project.
Off-plan mortgages are arranged at handover, against the completed home.
The service charge starts at handover, not at purchase, and the first year is usually pro-rated from the day you collect the keys. In Dubai the budget behind it is filed with the Mollak system each year, so the rate is reviewed once the building is occupied and can move from the launch figure.
You will get the unit number, floor, size and exact price for each — not the whole building.
About this project
DAMAC
Project general facts
Damac Towers by Paramount is an iconic mixed-use residential and hospitality development located in Dubai’s prestigious Burj area. The project consists of four striking towers rising approximately 270 metres above the city, with three towers dedicated to luxury residences and the fourth housing the Paramount Hotel. Inspired by the glamour of Hollywood, the development combines sophisticated architecture with cinematic design influences, offering a distinctive lifestyle experience in one of Dubai’s most sought-after locations near Downtown Dubai and the city’s major attractions.
The development features an extensive collection of premium amenities designed to reflect the luxury hospitality standards of the Paramount brand. A multi-level plaza connects all four towers and includes specialty restaurants, a dine-in cinema, wellness facilities, swimming pools, and a dedicated Kids Studio Club. Residents also benefit from access to the world-class facilities of the Paramount Hotel, creating an environment that blends residential comfort with five-star hotel services and entertainment-focused experiences.
The interiors are designed with exceptional attention to detail, combining elegant architectural finishes, thoughtfully planned layouts, and luxurious design elements inspired by the glamour of the film industry. Kitchens are fully equipped with modern appliances, while all residences are delivered fully furnished, creating a turnkey living experience that reflects the sophistication, comfort, and cinematic character of the Paramount brand.
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.
Layouts
53
Studio
476 sqft
44.2 sqm
AED 1,220,100
637 sqft
59.2 sqm
AED 1,666,350
484 sqft
45 sqm
AED 1,293,600
637 sqft
59.2 sqm
AED 1,684,200
488 sqft
45.3 sqm
AED 1,246,000
620 sqft
57.6 sqm
AED 1,583,000
637 sqft
59.2 sqm
AED 1,692,600
620 sqft
57.6 sqm
AED 1,667,400
492 sqft
45.7 sqm
AED 1,285,200 – AED 1,352,400
451 sqft
41.9 sqm
AED 1,135,050
452 sqft
42 sqm
AED 1,178,100
497 sqft
46.2 sqm
AED 1,204,000
479 sqft
44.5 sqm
AED 1,193,000
1 bed
929 sqft
86.3 sqm
AED 1,959,000
948 sqft
88 sqm
AED 2,021,000
929 sqft
86.3 sqm
AED 1,980,000
1,055 sqft
98 sqm
AED 2,224,000
1,055 sqft
98 sqm
AED 2,246,000
965 sqft
89.7 sqm
AED 2,131,000
1,123 sqft
104 sqm
AED 2,709,000
1,123 sqft
104 sqm
AED 2,710,050
1,155 sqft
107 sqm
AED 2,749,950
1,123 sqft
104 sqm
AED 2,711,100
1,155 sqft
107 sqm
AED 2,752,050
1,065 sqft
98.9 sqm
AED 2,572,500
1,155 sqft
107 sqm
AED 2,754,150
1,065 sqft
98.9 sqm
AED 2,574,600
1,123 sqft
104 sqm
AED 2,714,250
1,123 sqft
104 sqm
AED 2,715,300
1,155 sqft
107 sqm
AED 2,756,250
1,123 sqft
104 sqm
AED 2,716,350
1,155 sqft
107 sqm
AED 2,757,300
1,055 – 1,056 sqft
98 – 98.1 sqm
AED 2,300,000 – AED 2,326,000
939 – 948 sqft
87.2 – 88.1 sqm
AED 1,980,000 – AED 1,996,000
929 sqft
86.3 sqm
AED 1,957,000
942 sqft
87.5 sqm
AED 2,135,000
1,055 sqft
98 sqm
AED 2,365,000
2 bed
1,515 sqft
141 sqm
AED 3,091,000
1,394 sqft
130 sqm
AED 2,903,000
1,515 sqft
141 sqm
AED 3,113,000
1,388 sqft
129 sqm
AED 2,915,000 – AED 2,917,000
1,517 sqft
141 sqm
AED 3,149,000 – AED 3,196,000
1,515 sqft
141 sqm
AED 3,112,000
1,515 sqft
141 sqm
AED 3,076,000
1,511 sqft
140 sqm
AED 3,093,000
1,407 sqft
131 sqm
AED 2,900,000
1,469 sqft
136 sqm
AED 3,169,000
1,388 sqft
129 sqm
AED 3,071,000
1,517 sqft
141 sqm
AED 3,315,000
3 bed
2,014 sqft
187 sqm
AED 4,132,000
1,744 sqft
162 sqm
AED 3,765,000
2,014 sqft
187 sqm
AED 4,349,000
4 bed
2,801 sqft
260 sqm
AED 5,515,000
Amenities
5
Fitness Centre
Eat And Drink
Swimming Pool
Dine-In Cinema
Wellness Features
What’s nearby
6
Gallery
5
Good to know
Straight answers from the developer's published terms, checked 8 Oct 2026.
What is the payment plan for Damac Towers by Paramount?
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Payment Plan: 20% on booking, 0% during construction and 80% on handover.
How much is the booking amount for Damac Towers by Paramount?
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20% of the purchase price falls due on booking — from AED 227,010 on the lowest-priced home. A bank or a broker may call the same figure the reservation deposit or the down payment; it is one and the same first instalment, and it is paid to the developer rather than to us.
When does Damac Towers by Paramount hand over?
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Handover is scheduled for Q3 2019. Construction is 100% complete.
What do homes in Damac Towers by Paramount cost?
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Homes currently available start from AED 1,135,050 and range up to AED 4,349,000 for Studio – 3 bed homes. These are the prices of the homes released for sale through our live feed today, not the launch prices — earlier and cheaper releases may have sold out.
How much does each bedroom size cost at Damac Towers by Paramount?
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Published starting prices by layout are Studio from AED 1,135,050; 1 bed from AED 1,957,000; 2 bed from AED 2,900,000; 3 bed from AED 3,765,000; 4 bed from AED 5,515,000. Those are the entry price for each size — floor, view and the exact layout move the figure, and the current price list carries the price of every remaining unit.
Is there a price list for Damac Towers by Paramount?
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Yes. Ask for it on this page and the developer’s own price list is emailed to you — unit number, floor, exact size, price and price per square foot for every home still available. 49 homes were unsold at the last check on 8 Oct 2026.
Who is the developer of Damac Towers by Paramount?
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Damac Towers by Paramount is developed by DAMAC in Business Bay · Dubai · United Arab Emirates.
What is the service charge at Damac Towers by Paramount?
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The published service charge at Damac Towers by Paramount is 23.5 AED/sqft, billed once a year. On the smallest published layout, 451 sqft, that is roughly AED 10,599 a year. It starts at handover and the first year is usually pro-rated from the day you collect the keys. In Dubai the annual budget behind the charge is filed with the Mollak system, so the figure is reviewed each year once the building is occupied. Checked 8 Oct 2026.
Is my money protected when buying off-plan at Damac Towers by Paramount?
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DAMAC has registered an escrow account for Damac Towers by Paramount. In the UAE an off-plan instalment is paid into the project’s escrow account rather than to the developer directly, and is released against construction progress the regulator has verified. We do not publish the account number — your sale agreement and the developer’s own payment instructions carry it.
Buying a completed home from the developer is a different contract from off-plan — what changes in price, fees and risk: our guide to off-plan vs ready property in the UAE.
Damac Towers by Paramount vs Aykon City Tower
The closest live alternative we hold. Both are still selling, so the two sets of terms can be weighed against each other rather than against a memory.
- Available from
- AED 1,135,050
- AED 1,016,400
- Layouts on offer
- Studio – 3 bed
- Studio – 3 bed
- Handover
- Q3 2019
- Q3 2023
- District
- Business Bay
- Business Bay
- Developer
- DAMAC
- DAMAC
- Payment plan
- 20 / 80
- 100
Figures are the developers' own published terms, checked 8 Oct 2026. A dash means the developer has not published that detail yet — an advisor can ask.
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