DAMAC Towers by Paramount — Residences
Ready to Move InDubai

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

20%

1st Installment

Within 3 months of sale date

10%

2nd Installment

Within 6 months of sale date

10%

3rd Installment

Within 9 months of sale date

10%

4th Installment

Within 12 months of sale date

10%

5th Installment

Within 15 months of sale date

10%

6th Installment

Within 18 months of sale date

10%

7th Installment

Within 21 months of sale date

10%

8th Installment

Within 24 months of sale date

10%
Total100%

Amounts are indicative based on starting price. Developer contract sets the exact instalment schedule.

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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

1 Bedroom920 – 1,447 sq ft
2 Bedroom1,388 – 1,848 sq ft
3 Bedroom1,744 – 2,044 sq ft

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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      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 projects

      Full 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.

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      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.