Damac Paramount Towers 1BR Apartment in Business Bay — High Floor

This ready one-bedroom residence at Damac Paramount Towers places a buyer in one of Business Bay’s most recognisable addresses from day one

At 1,044 sq ft, the unit offers a genuinely spacious footprint for the bedroom category, and the high-floor position delivers the elevated outlook that drives both lifestyle value and rental demand in this district.

Inventory at this scale and on this floor level moves quickly in Business Bay. A buyer acting now secures a finished, income-ready asset without construction risk or waiting periods.

Unit Features

– One bedroom apartment
– 1,044 ft² / 97 m² total area
– High-floor position
– Elevated views
– Business Bay district
– Ready to move in or rent

Complex Amenities

– Hotel-branded lobby and concierge
– Rooftop swimming pool
– Fully equipped fitness centre
– Spa and wellness facilities
– Fine dining and all-day restaurant
– Valet and hotel-style services
– Meeting and business centre

Architecture & Concept

Damac Paramount Towers draws its identity from a formal partnership with Paramount Hotels and Resorts, translating Hollywood-inspired design into two residential towers above a five-star hotel podium. Interiors carry a distinct cinematic aesthetic while maintaining practical residential layouts. The result is a building that reads as a luxury lifestyle address rather than a standard investment tower.

About the Developer

Damac Properties is one of the UAE’s largest privately held developers, with a track record spanning over two decades and thousands of delivered units across Dubai and international markets.

Location & Benefits

– Business Bay, central Dubai
– Minutes from Downtown Dubai and Burj Khalifa
– Direct access to Sheikh Zayed Road and Al Khail Road
– Dubai Mall within a short drive or walk
– Metro connectivity via Business Bay station
– Strong corporate and short-term rental catchment area
– Established community with completed infrastructure

Investment Appeal

– High rental demand from professionals and corporate tenants
– Short-term rental potential supported by hotel-brand positioning
– Business Bay among Dubai’s most liquid secondary markets
– Larger-than-typical unit area strengthens competitive rental pricing
– Ready status means rental income can begin immediately
– High-floor stock in branded towers represents a narrow supply segment

Frequently Asked Questions

Q: Is the unit available for immediate occupancy or rental?
A: Yes, the apartment is ready and can be occupied or tenanted without delay.

Q: Does the hotel brand affiliation affect ownership rights?
A: Owners hold standard freehold title; the Paramount branding applies to shared facilities and building identity, not ownership structure.

Q: Is this unit suitable for short-term rental platforms?
A: Business Bay is a permitted zone for short-term rentals and the hotel-branded environment makes this unit well positioned for that strategy.

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