Apartment by DAMAC “Damac Paramount Towers”

AED 2,091,000

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Vector icon 1 Beds Vector icon 1 Bath Vector icon 1056 sqft

Business Bay

Daria
Daria Property broker

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Damac Paramount Towers 1BR Apartment in Business Bay — Large Layout

Spanning just over 1,000 square feet, this one-bedroom residence in Damac Paramount Towers offers a generously proportioned layout rarely found at this bedroom count in Business Bay. The unit sits within a fully operational branded tower, making it a ready asset for both end-users and investors seeking immediate returns in one of Dubai’s most active commercial and residential corridors.

Unit Features:

– One-bedroom apartment
– 1,056 ft² / 98 m²
– Large single-bedroom layout
– Branded residence
– Business Bay location
– Ready and operational

Complex Amenities:

– Rooftop infinity pool
– Fitness centre and spa
– Branded hotel services
– Concierge and valet
– Multiple dining outlets
– Meeting and business facilities

Architecture & Concept:

Damac Paramount Towers draws its identity from the Paramount Pictures brand, translating Hollywood-inspired design into the interiors and common areas. The tower’s architecture is contemporary high-rise, with floor-to-ceiling glazing and clean vertical lines. Branded residences within the complex benefit from hotel-grade fit-out standards and managed service infrastructure.

About the Developer:

Damac Properties is one of the UAE’s largest private real-estate developers, with a track record spanning luxury residential, hospitality, and commercial projects across the region and internationally.

Location & Benefits:

– Business Bay central district
– Minutes from Downtown Dubai and Burj Khalifa
– Direct access to Sheikh Zayed Road
– Steps from the Dubai Canal waterfront
– Close to DIFC financial district
– Metro connectivity via Business Bay station
– High footfall from corporate and hospitality demand

Investment Appeal:

– Strong short-term rental demand from business and leisure travellers
– Branded hotel services support premium nightly rates
– Business Bay maintains high occupancy year-round
– Larger-than-average floor plate improves tenant retention
– Liquid market with consistent resale transaction volume
– Entry into a branded asset class at one-bedroom scale

Frequently Asked Questions:

Q: Is the unit currently tenanted or vacant?
A: Further details on occupancy status are available upon enquiry.

Q: Can the unit be used for short-term holiday rental?
A: The Paramount branded service model is compatible with short-term rental use, subject to current DTCM registration requirements.

Q: What furniture and fit-out does the unit come with?
A: The residence is delivered with branded fit-out; full specification details can be confirmed during a viewing.

Submit an enquiry through the form on this page to receive full details, floor plans, and to arrange a viewing at your convenience.

Payment plan

On booking
20% + 4% DLD + 1000 AED Oqood fee
From 3 to 24 months after booking
56% (7% quarterly)
From 27 to 36 months after booking
24% (6% quarterly)

Property information

Handover Date

September 30, 2018

Property Type

Apartment

Ownership Type

Freehold

Building Information

Building name

DAMAC “Damac Paramount Towers”

Amenities

  • Concierge Service
  • Conference room
  • Covered Parking
  • Covered gym
  • Kids Play Area
  • Landscaped garden
  • Leisure areas
  • Lift
  • Lobby
  • Outdoor parking
  • SPA
  • Security and CCTV
  • Shared Pool
  • Shared gym & fitness
DAMAC Properties
DAMAC Properties View developer

Location

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