Ready to Move InDubai

DAMAC Properties · Dubai

Paramount Tower Residence

Business Bay, Dubai

Bedrooms

Studio – 2 Bed

Type

Apartment

Payment Plan

Cash, or the developer’s standard deferred plan (20% deposit, 8 x 10% installments over 24 months) — confirm current terms

Handover

Completed

Payment Plan

Deposit

Immediate

20%

1st Installment

Within 3 months of sale date

10%

2nd Installment

Within 6 months of sale date

10%

3rd Installment

Within 9 months of sale date

10%

4th Installment

Within 12 months of sale date

10%

5th Installment

Within 15 months of sale date

10%

6th Installment

Within 18 months of sale date

10%

7th Installment

Within 21 months of sale date

10%

8th Installment

Within 24 months of sale date

10%

Total100%

Amounts are indicative based on starting price. Developer contract sets the exact instalment schedule.

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Building Height

63 Floors (residences: 26–63)

Total Units

Starting Price

AED 823K

Status

Ready to Move In

Unit Sizes

Studio466 sq ft

1 Bedroom681 – 978 sq ft

2 Bedroom1,121 – 1,651 sq ft

At a Glance

Ready to move in — residential floors (26–63) of a completed, 63-storey, 258-metre tower
Overlooks the Burj area, Dubai Canal, the Palms, The World Islands and the Burj Al Arab
Dedicated residence lobby, separate from the tower’s hotel entrance
Rooftop infinity pool (235m high), rooftop terrace, luxury spa and gymnasium, shared with hotel guests
Restaurants, lounges and meeting/events facilities
Currently available units range AED 823,321 – 2,781,935, 466 – 1,651 sq ft, per DAMAC’s own dated unit-price list

About this project

Paramount Tower Residence is the residential component (floors 26–63) of the completed, 63-storey Paramount Tower Hotel & Residences in Business Bay — sister component to the tower’s hotel floors, sharing the same 258-metre landmark and skyline views of the Burj area, Dubai Canal, the Palms and Burj Al Arab. A conventional, ready-to-move-in apartment purchase (unlike the tower’s hotel-room rental-pool product): spacious studio, 1 and 2-bedroom residences with a dedicated residence lobby, rooftop infinity pool, spa, gymnasium and dining shared with the hotel’s guests. Completed and already delivered — DAMAC continues to offer remaining units with a deferred payment structure. Ask a PropSentral advisor for current availability and pricing.

Interior, fully-furnished — click to enlarge

Amenities

Lifestyle & Comfort

Dedicated Residence Lobby

Wellness & Fitness

Rooftop Infinity Pool (Burj Area Views)
Luxury Spa, Fitness & Wellness Centre
Fully Equipped Gymnasium

Outdoor & Views

Rooftop Terrace with Seating & Planting

Dining & Social

Restaurants & Lounges

Business & Work

Meeting & Events Facilities

Investment Factors

Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.

Naming Disambiguation

Sister listing to the sibling "Paramount Tower Hotel" (paramount-tower-hotel) — same physical 63-storey tower, this listing covers the residential floors (26–63) only. See that listing’s investmentFactors for the full naming disambiguation against the unrelated "DAMAC Towers by Paramount Hotels & Resorts" 4-tower complex.

Pricing & Unit Sizes

The Unit List PDF (unit codes prefixed "PTR") gives 40 currently-available units read directly from a clean, small (4-page) table: 1 studio, 4 one-bedroom, 35 two-bedroom. No 3-bedroom units are currently available, though the brochure’s own unit-plan reference section shows a 3-bedroom floor plan exists among the tower’s original typologies — simply none remain in this dated price sheet.

Imagery

Two genuine, project-specific images used: a full exterior tower render at dusk (captioned "THE RED CARPET TREATMENT," confirming the 258-metre height figure) and a furnished living room render matching the brochure’s own residential interior section. A Paramount Pictures Hollywood studio-gate stock photo and a fashion-model stock portrait, both reused from the same template as the sibling Hotel brochure, were reviewed and explicitly rejected as non-project-specific.

Brochure Inconsistency

This brochure’s own "THE RESIDENCE" section (describing floors 26–63) reuses, verbatim, the sibling Hotel brochure’s "opulent hotel rooms and suites" copy — a clear copy-paste template error between the two documents, not reproduced in this listing’s own description.

Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.

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Location

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Map shows approximate project location. Exact site boundaries may vary.

About the Developer

DAMAC Properties

DAMAC Properties is a leading luxury real estate developer in the Middle East, with a portfolio spanning residential, commercial, hospitality and leisure properties. Known for landmark partnerships with Cavalli, Versace, Paramount Hotels, and Fendi Casa.

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Starting from

AED 823K

Cash, or the developer’s standard deferred plan (20% deposit, 8 x 10% installments over 24 months) — confirm current terms · Handover Completed

Dubai — Market Yield Range

5% – 12.5% gross p.a.

Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.

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Developer-Direct Pricing

Same price as booking through the developer — zero resale markup.

One Advisor, Start to Finish

A single point of contact from reservation through to handover — no chain of resellers.