1 BR
Bedroom Apartments
26,06,100 AED
Starting Price
Ready
Handover
DESCRIPTION
In 2013, the collaboration between Paramount Hotels and Resorts and DAMAC Properties gave rise to the iconic DAMAC Paramount Towers, an extraordinary residential project nestled in the heart of downtown Dubai. Comprising four Hollywood-style towers soaring to around 270 meters, this architectural marvel stands tall, with three towers housing luxurious residential units, including studios, and 1, 2, and 3-bedroom apartments. The fourth tower is dedicated to an upscale hotel. A multi-level space interconnects the towers, hosting a plethora of bars, cafes, restaurants, and entertainment options for the residents.
Residents at DAMAC Paramount Towers can relish an array of exclusive benefits and amenities, including:
- Free parking and valet services
- High-speed elevators
- Equipped gym
- Meeting and event space
- Swimming pool, whirlpool, and hot tub
- Children’s room
- 24/7 concierge services
For those considering rentals, various apartments are on offer, with annual rental fees ranging between USD 20,419 and USD 46,283 (AED 75,000 to AED 170,000), depending on the number of bedrooms and the facilities within the apartment.
*The prices are valid for 2023.
LOCATION
DAMAC Paramount Towers stands prominently in the vibrant Business Bay area, providing a direct and picturesque overlook of Al Abraj road, seamlessly connecting to Ras Al Khor highway. This strategic location ensures effortless navigation throughout the city and its adjacent areas. The convenience of public transport is at residents’ fingertips, with the Business Bay bus stop, as well as the Financial Centre and Business Bay subway stations, all within
walking distance.
Indulge in a diverse culinary experience with an array of cafes and restaurants nearby, featuring popular establishments such as Fuchsia Urban Thai, Taipei Dao, Zen Restaurant, and The Espresso Lab.
For your daily necessities, West Zone Supermarket, Spinneys, and Carrefour are conveniently located within close proximity.
Surrounded by notable residential buildings like Vezul Tower, Churchill Residences, and Art Tower XV, DAMAC Paramount Towers is part of a thriving community.
Explore renowned attractions in the vicinity, including the prestigious Dubai Opera Concert Hall, the iconic shopping and entertainment hub, The Dubai Mall, and the world’s tallest tower, Burj Khalifa, all adding to the allure of this dynamic locale.
Payback
Situated at the heart of Dubai, Business Bay stands as the bustling business center of the city, offering a prime location and an extensively developed infrastructure that serves as a magnet for savvy property investors.
Investing in apartments within DAMAC Paramount Towers proves to be a lucrative venture, presenting a profitable opportunity for those looking to capitalize on the rental market. Currently, the payback rate stands impressively at 5.12%, making it a compelling choice for discerning investors seeking both financial growth and strategic location benefits.
