DAMAC Towers By Paramount
- AVA00492Business Bay, Dubai, United Arab Emirates
DAMAC Towers By Paramount
- AVA00492Business Bay, Dubai, United Arab Emirates
Experience the height of glamorous living in the heart of Dubai's Business Bay with these luxury apartments at DAMAC Towers by Paramount. Inspired by the iconic Hollywood lifestyle, this prestigious development seamlessly blends residential and hotel towers, offering residents an unparalleled living experience with world-class amenities and impeccable service. Imagine yourself immersed in a vibrant community, surrounded by stunning architecture and breathtaking views of the Dubai skyline.
Beyond the lavish residences, DAMAC Towers by Paramount boasts a prime location with convenient access to essential amenities. Families will appreciate the proximity to GEMS Wellington Primary School, located just 4.2 km away, ensuring quality education is within easy reach. Daily necessities are effortlessly met with supermarkets a mere 0.5 km away within Business Bay. For healthcare needs, Mediclinic Dubai Mall is conveniently situated 2.8 km from your doorstep.
Connectivity is a key advantage of this location, with Dubai International Airport (DXB) easily accessible for international travel. Commuting is a breeze with the DIFC bus station just 3.2 km away and the Business Bay Metro Station located 2.8 km away. Direct access to Sheikh Zayed Road (E11) and Al Khail Road ensures seamless travel throughout the city, making DAMAC Towers by Paramount an ideal home for those seeking both luxury and convenience in a vibrant urban setting.
Property Details
- Micro-market
- Business Bay
- Configuration
- 1 BHK
- Property Type
- Apartment
- Built-up Area
- 920 sq ft
- Year Built
- 2019
- Status
- Ready to Move
Project Timeline
Key milestones for this project, updated as the developer confirms them.
Project announcement
Booking Started
Construction Started
Completion
Available Properties
Project variants for under-construction developments - unit types, sizes, starting prices and possession dates.
Inventory Type
| Variant | Size | Starting Price | Possession | CTA |
|---|---|---|---|---|
| 1 BHK | 920 sq ft | Price on request | - |
Property Information
- Community: Business Bay, Dubai
- Project Name: DAMAC Towers by Paramount
- Listing Price: AED 1.7M
- List Date: Dec 28, 2025
- Days on Market: 112
- Listing ID: AVA00492
- Status: Ready to Move
- Security: CCTV security
- Floors Allowed: 68
- Parking: Covered parking with valet services
- Pool: Swimming pool
Legal Information
Indicative legal & tax information based on available documents; verify with your lawyer before transacting.
- RERA Applicable
- Yes
- Occupancy Certificate
- No
- Fire NOC
- No
- RERA Number
- 1665
Can you own this, and how?
Ownership rights depend on three things: the type of asset, where it sits, and who you are as a buyer. Here is the framework for this property, before you speak to a lawyer.
I am buying as:
- Status
- Permitted, freehold anywhere in Dubai
- What you actually hold
- You hold freehold title registered with the Dubai Land Department. There is no area restriction on where you may own.
- Key rules and restrictions
- GCC nationals are treated on the same footing as UAE nationals for ownership purposes.
- A company owned wholly by GCC nationals gets the same treatment.
- Some master communities impose their own transfer conditions through the developer.
- Funds and process
- Pay through UAE banking channels. The transfer completes at a Dubai Land Department trustee office where the title deed is issued on the day.
- Taxes
- The Dubai Land Department transfer fee is 4% of the price, split 2% each in law but paid in full by the buyer in most deals, plus a trustee office fee and a title deed issuance fee. There is no annual property tax and no capital gains tax in the UAE.
- Verify before you buy
- Get a title deed copy and check it against the Dubai REST app.
- Ask for the developer no-objection certificate confirming service charges are clear.
Buyer orientation, not legal advice. Ownership rules change and turn on specifics. Confirm with a qualified lawyer in the UAE before you commit.
Investment Information
- Capital Appreciation: 8%
About the developer
Location
Business Bay, Dubai, United Arab Emirates
- Airport: Dubai International Airport (DXB)
- Railway: Business Bay Metro Station - 2.8 km
- Highway: Sheikh Zayed Road (E11) and Al Khail Road
- Hospital: Mediclinic Dubai Mall - 2.8 km
- Grocery: Supermarkets within 0.5 km
- School: GEMS Wellington Primary School - 4.2 km
Around this home
The home plus curated, verified places nearby — each with its own guide.
Ownership economics
Will this home pay for itself?
1Buy
What you pay to own it.
2Earn
What it brings in as a holiday rental.
3Grow
What it could be worth.
Social Infrastructure
Key education, healthcare, and dining amenities near this property.