Paramount Tower Hotel And Residences
By DAMAC Properties · Apartments · Updated 07 Sep 2026
About Paramount Tower Hotel And Residences
Project general facts
The 63-storey tower comprises retail on the ground floor and a hotel along with an array of signature Paramount Hotels & Resorts amenities for guests and residents alike. Residences include floors 26 to 63 and the hotel includes floors5 to 25. A selection of opulent hotel rooms and suites not only offer an incredible experience for guests but also provide the opportunity for a lucrative investment. Tailored for comfort and to inspire creativity, the rooms feature a spectacular home theatre and access to a library of Paramount Pictures films. When the credits roll, the signature bed is the grand finale to your day.
Finishing and materials
Yes
Kitchen and appliances
Fully equipped kitchen
Furnishing
Fully-furnished apartments
Location description and benefits
Paramount Tower Hotel & Residences is set in one of the best possible locations, in the heart of Dubai. And for someone living in the tower, the red carpet treatment is like daily routine. Get used to the opulence, feel like a star. Most importantly act like one. Living in a tower that reaches over 258 meters in height, boasting superb views of the Burj area, the Dubai Canal along with vistas of the Palms, The World Islands and the iconic Burj Al Arab, you would always be looked up as a leading star.
Developer-supplied project description; verify specifications against the SPA and RERA-registered brochure.
Location: Business Bay
Paramount Tower Hotel And Residences sits in Business Bay, Dubai. The Dubai Land Department has registered 4,594 sales in Business Bay so far in 2026 at an average of AED 2,757 per sqft, which is the benchmark to hold this launch against. See every project currently selling in Business Bay.
Sector: Business Bay · Open in Google Maps
Construction & payment
Construction start: 2015-07-01. Scheduled completion: 2019-09-30. Typical off-plan plans in this segment are 60/40 or 70/30 construction-linked, with a 10–20% booking amount and 4% registration fee. Ask us for the current plan on this project, including any post-handover option. Full cost breakdown: DLD fees guide.
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Other projects on sale in Business Bay
Buyer questions
How much does Paramount Tower Hotel And Residences cost?
Launch pricing starts at AED 1,359,750 and runs to about AED 2,613,450 for Studio – 1 bed apartments of 519–1,049 sqft. That is roughly AED 2,619 per sqft at entry, against a Dubai Land Department registered average of AED 2,757 per sqft across 4,594 sales in Business Bay this year.
When is Paramount Tower Hotel And Residences handing over?
The developer has not published a firm completion date yet; ask us for the current construction schedule. Status: completed. Off-plan instalments are construction-linked and paid into a regulated escrow account, so your money is released to the developer only as build milestones are certified.
Can foreigners buy in Paramount Tower Hotel And Residences?
Yes. Business Bay is a designated freehold zone in Dubai; buyers of any nationality can hold full title registered at the Dubai Land Department. Purchases from AED 2 million qualify for the 10-year UAE Golden Visa.
Who is the developer of Paramount Tower Hotel And Residences?
DAMAC Properties. They currently have 80 other projects on sale that we track. Check their delivery record and RERA registration on our developer scorecard before paying a booking deposit.
Check live availability in Paramount Tower Hotel And Residences
Floor plans, payment schedule and registration costs, same day. RERA 41793.