DAMAC Towers by Paramount, Business Bay
Business BayDAMAC Towers by Paramount is a luxurious mixed-use development located in the heart of Business Bay, one of Dubai's most sought-after neighborhoods.
Community
Business Bay
Building type
Mixed-Use Development
Completion
2019
Floors / units
68
About
About DAMAC Towers by Paramount, Business Bay
DAMAC Towers by Paramount offers a luxurious living experience with a blend of hotel-style amenities and home comforts. Located in the heart of Dubai, it is just minutes away from iconic landmarks such as Burj Khalifa and Dubai Mall, providing residents with access to premier shopping and entertainment options.
Luxurious Amenities
The building features high-end facilities including a rooftop infinity pool, spa, and fitness center.
Prime Location
Situated in the heart of Business Bay with easy access to major highways and attractions.
Strong Brand Association
Developed in collaboration with Paramount Hotels & Resorts, enhancing its prestige and allure.
Building facts
DAMAC Towers by Paramount, Business Bay facts and source signals
- Developer
- DAMAC Properties
- Completion
- 2019
- Floors
- 68
- Unit mix
- Various configurations ranging from 1-bedroom to 3-bedroom apartments
- Building type
- Mixed-Use Development
- Construction start
- 2015
- Consultant
- Paramount Hotels & Resorts
- Coordinates
- 25.18662, 55.29200
Decision context
What to know before shortlisting DAMAC Towers by Paramount, Business Bay
Amenities and living fit
- Open-air swimming pool
- State-of-the-art gymnasium
- Children's play area
- Spa and wellness center
- Business center and meeting rooms
Profile ratings
Exceptionally Welcoming. DAMAC Towers by Paramount provides a family-friendly environment with spacious apartments, children's play areas, and v...
Broadly Diverse. The community offers a range of living options, from luxurious serviced apartments to more traditional layouts, accommo...
Highly Secure. The property features 24/7 security with controlled access points, CCTV surveillance, and secure parking facilities, en...
Conveniently Accessible. Located in Business Bay, residents enjoy easy access to major roadways and public transportation options, including the...
Investor watch points
- High Maintenance Fees - Elevated service fees may be a burden for residents, impacting overall affordability.
- Noise Pollution - Proximity to busy roads and construction sites may result in higher noise levels.
- Limited Parking Space - Parking availability may become a challenge, particularly during peak hours.
- Investment Potential - The location and brand reputation suggest good long-term rental and resale opportunities.
- Community Environment - Consider the sense of community and neighborhood vibe in Business Bay which may vary.
Community benchmark evidence
Community benchmark sales near this building
| Date | Beds | Project/building | Sale amount | Sale PSF |
|---|---|---|---|---|
| Jun 25, 2026 | 2 BR | J One Tower B | AED 9,510,796 | AED 3,611/sqft |
| Jun 25, 2026 | 4plus BR | Executive Tower C | AED 5,500,000 | AED 1,157/sqft |
| Jun 25, 2026 | 3 BR | West Bay Tower | AED 3,600,000 | AED 1,970/sqft |
| Jun 25, 2026 | 2 BR | Bayz 102 by Danube | AED 3,383,503 | AED 2,778/sqft |
| Jun 25, 2026 | 2 BR | Bayz 102 by Danube | AED 3,383,127 | AED 2,777/sqft |
Community benchmark evidence
Community benchmark rentals near this building
| Date | Beds | Project/building | Annual rent | Rent PSF |
|---|---|---|---|---|
| Jun 25, 2026 | 3 BR | DAMAC Maison Bay's Edge | AED 192,500/yr | AED 86/sqft |
| Jun 25, 2026 | 3 BR | Meera Tower | AED 173,643/yr | AED 88/sqft |
| Jun 24, 2026 | 2 BR | Trillionaire Residences by Binghatti | AED 245,000/yr | AED 181/sqft |
| Jun 24, 2026 | 2 BR | Trillionaire Residences by Binghatti | AED 235,000/yr | AED 178/sqft |
| Jun 24, 2026 | 3 BR | Windsor Manor | AED 196,824/yr | AED 90/sqft |
Location context
Nearby schools, amenities and transport
Schools and nurseries nearby
- Hartland International School · 1.47 km
- North London Collegiate School Dubai · 1.8 km
- Windsor School · 3.42 km
- Blossom Village Nursery - Blossom D3 · 0.51 km
- Angel Heart Nursery · 0.6 km
Amenities nearby
- allday Minimart - Dubai Design District · supermarkets · 0.52 km
- W Mart Fresh · supermarkets · 0.81 km
- Shafqat Rana Mini Mart · supermarkets · 0.89 km
- View City Mini Mart · supermarkets · 0.99 km
Transport nearby
- Downtown Dubai (Air taxi-Vertiport-2) · 2.14 km
- Creek · Green · 5.94 km
- Burjuman · Red · 8.05 km
- Deira City Centre · Red · 8.2 km
Investor questions
DAMAC Towers by Paramount, Business Bay questions investors usually check
Where is DAMAC Towers by Paramount, Business Bay located?
DAMAC Towers by Paramount, Business Bay is in Business Bay. Use the community profile and nearby transport, school and amenity context to compare the location before shortlisting.
What type of building is DAMAC Towers by Paramount, Business Bay?
DAMAC Towers by Paramount, Business Bay is profiled as Mixed-Use Development. Completion evidence: 2019. Unit mix: Various configurations ranging from 1-bedroom to 3-bedroom apartments.
Is there transaction evidence for DAMAC Towers by Paramount, Business Bay?
PropertyStellar shows 10 recent sale rows and 10 recent rental rows for this building or its benchmark context.
How should investors compare DAMAC Towers by Paramount, Business Bay?
Compare DAMAC Towers by Paramount, Business Bay with same-community buildings, nearby schools, transport access, rent evidence and the community investment profile rather than relying on a single listing headline.
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