Damac Towers by Paramount
The facts, verified
About the project
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 de
Amenities
Damac Towers by Paramount payment plan
| Milestone | Share | On AED 1.14M |
|---|---|---|
| On booking, + 4% DLD + 1000 AED Oqood | 20% | AED 227K |
| Post Handover | 80% | AED 908K |
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Your purchase
| Milestone | When | Amount |
|---|---|---|
| Downpayment (20%) | On booking | AED 227,010 |
| Post-handover (80%) | After you get the keys | AED 908,040 |
| DLD fee (4%) | On booking | AED 45,402 |
| Admin / Oqood (est.) | On booking | AED 5,250 |
Damac Towers by Paramount prices and unit mix
Project documents
Business Bay masterplan
Damac Towers by Paramount location and connectivity
- City School Holdings International9 min
- South Ridge Park10 min
- Dubai Mall12 min
- Mercato Beach21 min
- Dubai International Airport12 min
Business Bay registered prices, against Damac Towers by Paramount
Compare against another launch →About DAMAC
All their projects →
DAMAC Properties is part of DAMAC Group that has been shaping the Middle East's luxury real estate market since 1982, delivering iconic residential, commercial and leisure properties across the region and beyond. Since the early days of DAMAC Properties, the organisation has continually received recognition and…
Attractions within reach
Getting there
All lines →Schools within reach
Latest published inspection ratings, KHDA (Dubai) and ADEK (Abu Dhabi). Drive times approximate. Full school checker →
Questions investors ask about Damac Towers by Paramount
What is the starting price at Damac Towers by Paramount?
Damac Towers by Paramount starts from AED 1.14M and runs to AED 4.35M, across 0 bedroom, 0 bedroom, 0 bedroom, 0 bedroom. Prices move with each release; the pack carries the current list.
What is the Damac Towers by Paramount payment plan?
20% on booking, 80% post handover, worked in dirhams on AED 1.14M in the table above. Every instalment is paid into the project’s regulator-controlled escrow account, with the 4% DLD fee on top at registration.
When is Damac Towers by Paramount handover?
DAMAC lists handover for Q3 2019, with the project currently completed. The project completion checker on this site carries the RERA-inspected percentage for Dubai projects, refreshed monthly, which is the number to read against that date.
Where is Damac Towers by Paramount?
In Business Bay, Dubai: City School Holdings International 9 min, South Ridge Park 10 min, Dubai Mall 12 min. The Business Bay community guide on this site has the registered prices, rents and schools around it.
Is the project escrow-registered?
Yes, escrow account 15808213. Payments release to the developer only against certified construction progress.
What are the fees on top of the price?
4% DLD registration fee, admin/registration fees, and our brokerage fee is paid by the developer. You pay no commission buying off-plan through Equity Edge.