Paramount Hotel & Residences Business Bay - Business Bay  

Paramount Tower Hotel & Residences is a high-rise development launched by Damac Properties in June 2015 at the entrance of Business Bay. This prominent development will feature a hotel and serviced apartments. This development should not be confused with the Damac Towers by Paramount which is in a different location on the outskirts of Business Bay, for information on that project, please click here.

Master Community: Business Bay
Property Types Available: Hotels, Hotel Serviced Apartments
Location: Sheikh Zayed Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: September 2019
Developer: Damac Properties
Title Type: Freehold
Height Classification: High-rise
Life Cycle: Under Contruction
Under-Construction Apartments: 300
Floors: 64
No. of Under-Construction Hotel Rooms: 462

Lookup.ae reports prices and transactional information for Business Bay

Paramount Residences

Now selling 2 & 3 bedroom apartments at AED 1,800 per sq. ft. Inquire now.

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About Paramount Hotel & Residences Business Bay

Paramount Tower Hotel & Residences was launched by Damac Properties in June 2015. This project is located in a fantastic location right infront of the Executive Towers, close to the entrance of Business Bay and walking distance to the Metro-station.

General Guide

- Podium Levels 1 - 10

- Hotel Levels 15 - 35

- Residences Levels 38 - 61

- Rooftop infiniti swimming pool

- Fitness & well care center

- Spa

- Two restaurants

- Delivery scheduled for Q3 2019

FAQs

What is for sale right now?

As of February 2016, both components of the project are available for sale - apartments and hotel rooms. The apartments are on the upper levels of the building while the hotel rooms are for sale between floors 15 - 35.

What is for payment-plan

The developer is offering a construction linked payment-plan; i.e. the developer will charge installments as the Dubai Land Department verifies construction progress.

- 20% down-payment

- 10% within 6 months

- 10% within 12 months

- 10% when project is 20% complete

- 10% when project is 40% complete

- 10% when project is 50% complete

- 10% when project is 60% complete

- 10% when project is 70% complete

- 10% when project is completed

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