Damac Towers by Paramount - Business Bay

Damac Towers by Paramount is a mega project consisting of four buildings, one of which will house the Paramount branded hotel while the other three buildings will have the Damac Maison Paramount serviced residences. According to developer press-releases, there are more than 1,000 serviced one, two and three bedroom apartments and the hotel will have 800 rooms.

Master Community: Business Bay
Property Types Available: Hotels, Hotel Serviced Apartments
Location: Al Khail Road
Status: Under Construction
Year Launched: 2012
Estimated Completion Date: January 2017
Developer: Damac Properties
Title Type: Freehold
Quality Classification: High-end
Height Classification: High-rise
Life Cycle: Under Contruction
Under Construction Buildings: 4
Floors: 56
Total Under-Construction Hotel Apartments: 1,000
No. of Under-Construction Hotel Rooms: 800

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About Damac Towers by Paramount

Project Completion Status (as per DLD): 85.04% (as of May 14, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 263

Project Number: 443

Real Estate Developer: Damac Properties

Trust Account Number: 158-08213

Account Trustee Name: ABU DHABI ISLAMIC BANK

RERA Permit No:: 11045

Brokerage Firm: Taktical Realty Group LLC

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