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Paramount Tower C, Business Bay

Paramount Tower C, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Luxurious Amenities

Modern Design

Weakens

High Rental Prices

Limited Parking Space

No On-Site Grocery Store

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Buildign Overview

Summary

  • Paramount Tower C is a prestigious skyscraper located in the dynamic Business Bay area of Dubai, providing residents with stunning views and a luxurious lifestyle.
  • The building is surrounded by elite facilities including high-end retail shops, fine dining restaurants, and exciting entertainment options.
  • Well-connected to Dubai's public transportation network, it offers easy access to the Dubai Metro and bus services, making commuting convenient.

Properties Overview

  • The building features a range of residential units, including both rental apartments and properties for sale, appealing to a diverse demographic.
  • Current rental prices vary depending on unit size, with one-bedroom apartments typically starting around AED 90,000 annually.
  • For potential investors, sale prices for units range from AED 1.5 million to AED 4 million, depending on size and floor location.

Market Trends

  • The past year has shown an uptick in the rental market, with an average increase of around 5% in rental prices, indicating high demand.
  • Sales in Paramount Tower C have proven steady, with a healthy return on investment (ROI) ranging from 6% to 8% based on recent property transactions.
  • Experts predict that demand will continue to rise, fueled by the ongoing development in the Business Bay area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents can access several reputable educational institutions and healthcare facilities, including schools and hospitals within a short drive.
  • Nearby supermarkets and retail shops provide essential services and products to meet daily needs.

Transportation and Accessibility

  • The location offers seamless access to major road networks, reducing travel time to various parts of Dubai.
  • Adequate parking spaces are available, along with reliable public transport options.

Lifestyle Amenities

  • Paramount Tower C offers its residents amenities such as a state-of-the-art fitness center, swimming pool, and wellness spa.
  • Dining options within the building and in proximity include cafés and gourmet restaurants, enhancing lifestyle experiences.

Builing Facilities

  • Key building features include high-speed elevators, advanced security systems, and centralized air conditioning tailored for comfort.
  • Professional maintenance services are available around the clock to ensure convenience and safety.

Special Services

  • Residents benefit from concierge services, assisting with everyday needs and enhancing the overall living experience.
  • Dedicated business centers and meeting rooms provide spaces for professional networking and corporate events.

Planning Your Move or Investment

Floor Plans and Property Types

  • Paramount Tower C offers diverse floor plans, including studio apartments, one, two, and three-bedroom units to cater to various family sizes and budgets.

Things to Consider

  • Before making a decision, potential tenants and buyers should assess their lifestyle needs, budget, and investment goals.
  • Consider proximity to essential services and public transportation options when choosing a unit.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events and activities are organized within the building, fostering a strong sense of community among residents.

Community Identity

  • Paramount Tower C distinguishes itself with its luxurious design and modern architecture, reflecting leading elements of Dubai's opulent lifestyle.

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Detailed Buiding Insights

1. Family Friendliness

The community provides some family-oriented amenities, such as parks and recreational areas, but lacks extensive facilities specifically designed for children.

Moderately Welcoming

2. Living Options

Paramount Tower C offers a range of living options, from luxury apartments to studios, catering to various preferences and lifestyles.

Diverse and Modern

3. Safety And Security

The building features robust security measures including 24/7 surveillance, security personnel, and access control systems, ensuring a safe living environment.

Highly Secure

4. Transportation

The location offers easy access to major highways and public transport options, making it convenient for residents to travel around the city.

Conveniently Accessible

5. Amenities And Facilities

The building includes a pool, gym, spa, and various entertainment options, providing a comprehensive set of amenities for residents.

Richly Equipped

6. Cost Of Living

While the area offers luxury living, the cost of renting or buying property in Paramount Tower C is higher than average, reflecting its premium offerings.

Premium Pricing

7. Things To Do

The surrounding area features a variety of dining, shopping, and entertainment options, ensuring that residents have plenty of activities to enjoy.

Vibrantly Diverse

8. Noise Levels

Despite being located in a bustling area, Paramount Tower C maintains a relatively quiet environment thanks to effective soundproofing.

Generally Quiet

9. Pet Friendliness

The community allows pets and has some pet-friendly amenities, although there are restrictions on larger animals and certain breeds.

Accommodating

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Information is compiled using advanced tools. Ensure critical details are independently confirmed.

Key Information

Developer: DAMAC Properties

Building Type: Residential

Building Age: 5 years(Date of completion: 2019)

Unit Types : Studio, 1, 2 and 3-bedroom apartments and 7-bedroom hotel suites

Floors: 66

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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