DAMAC · Business Bay · Dubai · United Arab Emirates
Paramount Tower Hotel And Residences
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 1,359,750
- Available up to
- AED 2,613,450
- Layouts on offer
- Studio – 1 bed
- Available sizes
- 520 – 1,049 sqft (48.3 – 97.5 sqm)
- Service charge
- 23.5 AED/sqftCharged once a year — about AED 12,220 on the smallest published layout, 520 sqft
- Status
- completed
- Build progress
- 100% complete
- Furnishing
- yes
- Move in
- At transfer — completed Q3 2019
- Buildings releasing now
- 1
- Escrow account
- Registered
Paramount Tower Hotel And Residences was built as apartments, in studio – 1 bed layouts.
Payment plan
100AED 1,359,750 is the booking amount — the reservation deposit, or down payment, that holds the lowest-priced home, then about a month to handover.
Live availability
9 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
The Paramount Tower Hotel and Residences 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.
Layouts
8
Studio
520 sqft
48.3 sqm
AED 1,359,750
520 sqft
48.3 sqm
AED 1,359,750
520 sqft
48.3 sqm
AED 1,359,750
520 sqft
48.3 sqm
AED 1,359,750
520 sqft
48.3 sqm
AED 1,359,750
1 bed
844 sqft
78.4 sqm
AED 2,098,950
1,049 sqft
97.5 sqm
AED 2,613,450
1,049 sqft
97.5 sqm
AED 2,613,450
Amenities
7
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
What’s nearby
6
Gallery
11
Good to know
Straight answers from the developer's published terms, checked 8 Oct 2026.
What is the payment plan for Paramount Tower Hotel And Residences?
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Payment Plan: 100% on booking, 0% during construction and 0% on handover.
How much is the booking amount for Paramount Tower Hotel And Residences?
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100% of the purchase price falls due on booking — from AED 1,359,750 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 Paramount Tower Hotel And Residences hand over?
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Handover is scheduled for Q3 2019. Construction is 100% complete.
What do homes in Paramount Tower Hotel And Residences cost?
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Homes currently available start from AED 1,359,750 and range up to AED 2,613,450 for Studio – 1 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 Paramount Tower Hotel And Residences?
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Published starting prices by layout are Studio from AED 1,359,750; 1 bed from AED 2,098,950. 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 Paramount Tower Hotel And Residences?
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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. 9 homes were unsold at the last check on 8 Oct 2026.
Who is the developer of Paramount Tower Hotel And Residences?
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Paramount Tower Hotel And Residences is developed by DAMAC in Business Bay · Dubai · United Arab Emirates.
What is the service charge at Paramount Tower Hotel And Residences?
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The published service charge at Paramount Tower Hotel And Residences is 23.5 AED/sqft, billed once a year. On the smallest published layout, 520 sqft, that is roughly AED 12,220 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 Paramount Tower Hotel And Residences?
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DAMAC has registered an escrow account for Paramount Tower Hotel And Residences. 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.
Paramount Tower Hotel And Residences vs Damac Towers by Paramount
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 1,359,750
- AED 1,135,050
- Layouts on offer
- Studio – 1 bed
- Studio – 3 bed
- Handover
- Q3 2019
- Q3 2019
- District
- Business Bay
- Business Bay
- Developer
- DAMAC
- DAMAC
- Payment plan
- 100
- 20 / 80
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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