
DAMAC Properties · Dubai
DAMAC Towers by Paramount — Residences
Business Bay, Dubai
Bedrooms
1 – 3 Bed
Type
Apartment
Payment Plan
Cash, or the developer’s standard deferred plan (20% deposit, 8 x 10% installments over 24 months) — confirm current terms
Handover
Completed
Payment Plan
Deposit
Immediate
1st Installment
Within 3 months of sale date
2nd Installment
Within 6 months of sale date
3rd Installment
Within 9 months of sale date
4th Installment
Within 12 months of sale date
5th Installment
Within 15 months of sale date
6th Installment
Within 18 months of sale date
7th Installment
Within 21 months of sale date
8th Installment
Within 24 months of sale date
Amounts are indicative based on starting price. Developer contract sets the exact instalment schedule.
Questions about DAMAC Towers by Paramount — Residences?
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Complex
4 Towers, 270m Each
Residential Units
~1,200 (3 Towers)
Starting Price
AED 1.566M
Status
Ready to Move In
Unit Sizes
At a Glance
- Ready to move in — four-tower, 270-metre landmark complex, already delivered
- Three residential towers of roughly 1,200 apartments, linked by a multi-level plaza
- Speciality dining, dine-in cinema, wellness centres, swimming pools and a Kids Studio Club
- Shares its plaza and amenities with the on-site Paramount Hotel tower
- Located in the heart of Business Bay’s prestigious Burj area
- Currently available units range AED 1,566,000 – 3,554,000, 920 – 2,044 sq ft, per DAMAC’s own dated unit-price list
About this project
DAMAC Towers by Paramount Hotels & Resorts is an iconic four-tower, 270-metre complex in Business Bay's Burj area — three residential towers of roughly 1,200 luxury apartments together with a fourth tower housing the Paramount Hotel, all linked by a multi-level plaza of speciality dining, a dine-in cinema, wellness centres, swimming pools and a Kids Studio Club. This listing covers the 1, 2 and 3-bedroom residential apartments. Completed and already delivered — DAMAC continues to offer remaining units with a deferred payment structure. Ask a PropSentral advisor for current availability, pricing and payment terms.
Interior, fully-furnished — click to enlarge
Amenities
Lifestyle & Comfort
- Multi-Level Plaza
- Dine-In Cinema
Dining & Social
- Speciality Dining
Wellness & Fitness
- Wellness Centres
- Swimming Pools
Family & Kids
- Kids Studio Club
Investment Factors
Sourced demand and location factors — not a score, forecast, or recommendation. Use these to inform your own judgement.
Completion Status
No document in this batch states a completion/handover date directly (the brochure is dated with company figures "as of 30 June 2021") — WebSearch (Arabian Business, Wikipedia, Propsearch) confirms construction completed October 2018 (one source) or 2019 (another, a minor cross-source discrepancy flagged rather than resolved), with the complex entering its handover phase in 2021 and now fully delivered. As with every other completed DAMAC listing in this batch, reconfirm current live payment terms with a PropSentral advisor rather than assuming the bundled Payment Plan PDF’s off-plan-style language is still literally accurate.
- Four-tower, 270m complex; 3 residential towers (~1,200 apartments) + 1 hotel tower (800+ rooms); construction completed 2018/2019; handover phase from 2021Source: Developer brochure (tower count/height/unit estimate) + WebSearch — Arabian Business, Wikipedia, Propsearch (completion timeline)
Pricing & Unit Sizes
The Unit List PDF (5 pages) is a dated per-unit price sheet covering the 3 residential towers combined (unit codes prefixed "DTPA"/"DTPB"/"DTPD" — not separated into 3 distinct listings since the developer’s own sheet doesn’t separate them either) — 85 individual units read across the sheet: 28 one-bedroom, 47 two-bedroom, 10 three-bedroom, extracted and cross-checked programmatically. Only the "Upfront Price" (cash/discounted) column carries a genuine number for every row; the sheet’s own "Price" column is inconsistently populated, so Upfront Price is used throughout as the authoritative current figure.
Imagery
Genuine, high-resolution native-RGB photography from this project’s own dedicated Images/Exterior and Images/Interior (organised by bedroom count) folders — an aerial exterior render, a DAMAC-branded pool deck photo, and interior shots from the 1BR/2BR/3BR folders. Shared with the sibling Hotel listing below since both are genuinely part of the same four-tower complex.
Not assessed here: competing/upcoming supply in the immediate area, projected capital growth, and future rental demand. These require independent research or a licensed local agent — ask a PropSentral advisor if you'd like help finding one.
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Brochure, floor plans and unit specifications — unlock instantly with your details.
Location
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Map shows approximate project location. Exact site boundaries may vary.
About the Developer
DAMAC Properties
DAMAC Properties is a leading luxury real estate developer in the Middle East, with a portfolio spanning residential, commercial, hospitality and leisure properties. Known for landmark partnerships with Cavalli, Versace, Paramount Hotels, and Fendi Casa.
View all DAMAC Properties projectsFull Gallery
Starting from
AED 1.6M
Cash, or the developer’s standard deferred plan (20% deposit, 8 x 10% installments over 24 months) — confirm current terms · Handover Completed
Dubai — Market Yield Range
5% – 12.5% gross p.a.
Market-wide historic data, not a forecast for this unit. PropSentral does not provide investment or financial advice — seek independent advice before deciding.
Full market intelligenceTypically replies within 2 hours
Developer-Direct Pricing
Same price as booking through the developer — zero resale markup.
One Advisor, Start to Finish
A single point of contact from reservation through to handover — no chain of resellers.
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