Developer: Damac Properties · Business Bay
Damac Towers by Paramount is a residential project by Damac Properties in Business Bay, Dubai, with ready to move in, 2041 units.
| Type | Units | Size, sq.ft |
|---|---|---|
| Studio | 723 | 451–637 |
| 1 Bedroom | 702 | 630–1 580 |
| 2 Bedroom | 356 | 1 345–2 075 |
| 3 Bedroom | 239 | 1 744–2 247 |
| 4 Bedroom | 1 | 2 801 |
| Retail | 18 | 121–15 459 |
| Office | 2 | 1 709–3 056 |
All units are freehold. Data from the DLD registry.
Prices, layouts and terms on request.
The purchase price is split into these stages.
The exact schedule is confirmed in the sale agreement for the selected unit.
Data from the Dubai Land Department project registry (updated 23.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: Damac Properties · District: Business Bay
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 17.08.2026 | 1 BR | 116.1 | 1 530 000 |
| 17.08.2026 | 1 BR | 96.8 | 1 520 000 |
| 13.08.2026 | Studio | 44.0 | 809 000 |
| 13.08.2026 | 1 BR | 89.7 | 1 200 000 |
| 13.08.2026 | 1 BR | 89.7 | 960 000 |
| 10.08.2026 | Studio | 41.9 | 750 000 |
| 04.08.2026 | 2 BR | 129.5 | 1 700 000 |
| 04.08.2026 | 2 BR | 129.5 | 1 020 000 |
| 03.08.2026 | 2 BR | 129.5 | 2 000 000 |
| 31.07.2026 | 1 BR | 91.2 | 852 500 |
| 24.07.2026 | 2 BR | 128.9 | 1 800 000 |
| 22.07.2026 | 1 BR | 98.3 | 1 634 149 |
| 14.07.2026 | 2 BR | 137.1 | 1 920 000 |
| 14.07.2026 | 1 BR | 87.2 | 1 230 000 |
| 09.07.2026 | 1 BR | 86.3 | 2 070 000 |
| 09.07.2026 | 2 BR | 140.7 | 1 680 000 |
| 09.07.2026 | 3 BR | 162.3 | 2 200 000 |
| 07.07.2026 | 3 BR | 162.3 | 2 050 000 |
| 06.07.2026 | 1 BR | 86.3 | 1 400 000 |
| 06.07.2026 | 2 BR | 141.5 | 1 845 033 |
| Date | Type | Size, m² | Rent, AED/yr |
|---|---|---|---|
| Hotel | 162.3 | 130 000 | |
| 2 bed rooms+hall | 140.9 | 120 000 | |
| 1bed room+Hall | 98.0 | 85 000 | |
| 3 bed rooms+hall | 162.3 | 130 000 | |
| 1bed room+Hall | 133.5 | 190 000 | |
| 3 bed rooms+hall | 178.2 | 180 000 | |
| 2 bed rooms+hall | 140.7 | 142 500 | |
| 2 bed rooms+hall | 129.5 | 120 000 | |
| 3 bed rooms+hall | 162.3 | 145 000 | |
| 3 bed rooms+hall | 162.3 | 135 000 | |
| 2 bed rooms+hall | 140.9 | 115 000 | |
| 1bed room+Hall | 87.3 | 80 000 | |
| 2 bed rooms+hall | 140.7 | 107 500 | |
| 2 bed rooms+hall | 129.5 | 120 000 | |
| 1bed room+Hall | 88.9 | 140 000 | |
| 1bed room+Hall | 87.3 | 85 000 | |
| 3 bed rooms+hall | 162.3 | 160 000 | |
| Hotel | 128.9 | 130 000 | |
| 2 bed rooms+hall | 140.7 | 110 000 | |
| 2 bed rooms+hall | 140.7 | 115 000 |
Dubai Land Department transaction registry, updated 2026-08-22. Explore Dubai property transactions →
Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.
The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +4% over the same period, so the building lagged.
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 45 | 1 255 000 | 27 889 | 961 |
| 1 bedroom | 88 | 1 646 000 | 18 705 | 1 437 |
| 2 bedrooms | 138 | 2 250 000 | 16 304 | 780 |
| 3 bedrooms | 162 | 2 984 000 | 18 420 | 477 |
| Shop | 311 | 3 033 206 | 9 753 | 20 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
From 2022 to 2025 — +2% on the price per square metre in this building. The district moved +36% over the same period, so the building lagged the market.
Top to bottom: purchase price per m², year, annual rent per m², gross yield.
All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.
* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
Damac Towers by Paramount is a finished hotel and residence complex in Business Bay, Dubai, developed by Damac Properties. The development comprises four towers connected by a multi-level plaza and contains 2,041 units. Completion was recorded on 23 October 2018 at 100.00%.
Damac Towers by Paramount combines three towers of deluxe serviced apartments with a fourth tower containing a 5-star hotel. The towers share a common podium and multi-level plaza. The development is configured with two basement levels, a ground floor, eight podium levels, 61 floors and a roof level. Its buildings use a concrete structure with blockwork and internal and external finishes. The four towers are described as rising more than 250 metres. Paramount Hotels & Residences forms the hotel component of the development, while the wider project combines hotel accommodation, serviced apartments, dining, retail and leisure facilities within the same complex.
The residential and hotel-apartment selection includes studios, one-bedroom apartments, two-bedroom apartments and three-bedroom apartments. The project’s four-tower configuration includes serviced hotel apartments and hotel rooms and residences. A full kitchen is listed among the development’s features. DAMAC Towers by Paramount has 2,041 units in total. Three towers were planned for 1,400 serviced hotel apartments, while Paramount Hotels & Residences was planned with 801 hotel rooms and residences. The accommodation sits within a development that also includes hospitality, retail, dining, wellness and meeting facilities.
The shared plaza incorporates speciality dining restaurants, screening rooms, wellness centres, swimming pools, a kids club and a retail area. Facilities also include a Paramount merchandise store, lounge bar, fitness centre, concierge service and meeting and events facility. The development includes a temperature-controlled swimming pool and a 1,000-square-metre wellness centre. Nine dining outlets form part of the project’s food and beverage offering. Paramount Hotels & Residences includes restaurants, a modern lounge bar, a dedicated swimming pool, a wellness and fitness centre, a kids club and a professional meeting and events facility. Screening rooms and retail extend the facilities beyond the accommodation component.
Damac Towers by Paramount is located in Business Bay, in Dubai’s Burj area. Business Bay is a mixed-use district on the Dubai Canal, immediately southwest of Downtown Dubai. The project is 0.9 km from The Block and 1.3 km from Cinema City at Address Dubai Mall. Kidzania is 1.5 km away, while Dubai Ice Rink and Reel Cinemas at Dubai Mall are each 1.8 km away. Riviera West Park is 1.6 km from the project, Riviera South Park is 1.8 km away, and The Track Meydan Golf is 3.3 km away. Dubai Hills Golf Club is 7.7 km away and Dubai Creek Golf & Yacht Club is 7.8 km away.
The development itself includes The Stage restaurant, The Cheat sweet shop, Paramount Screening Room cinema, Malibu Deck restaurant, Juyi Dubai restaurant, Pacific Groove Restaurant & Lounge, and Flashback – Speakeasy Bar & Lounge. Craft Table restaurant is located in Paramount Tower C. F Mart and Pick & Pay Minimart are each 0.2 km away at SLS Dubai Hotels & Residences and Upside Business Bay respectively. S Bar, Fi’lia Dubai, Ellamia and Ciel Spa are also located at SLS Dubai Hotels & Residences, 0.2 km from the project. Noran Poly Clinic is 0.4 km away, while Aston Pharmacy and Bios Clinic are 0.5 km away.
The project is finished, with a recorded completion ratio of 100.00%. Its completion date and inspection date are both 23 October 2018. Construction began on 27 March 2008. The stated payment structure allocates 20% as the first instalment, 60% during construction and 20% on key handover. This structure totals 100% of the purchase price. Damac Towers by Paramount is therefore a completed Business Bay development rather than a project under construction. The recorded project area is 195,258.72, and the total unit count is 2,041.
Damac Properties is the developer of Damac Towers by Paramount. The company was founded in 1982. DAMAC Maison is named as the manager and operator of the development. The project pairs DAMAC Properties with the Paramount Hotels & Resorts hospitality brand. Paramount Hotels & Residences occupies the hotel tower within the four-tower complex. DAMAC Towers by Paramount is one of the developer’s hotel and residence developments in Dubai, combining serviced apartments, hotel accommodation and shared hospitality facilities in Business Bay.
Dubai market as a whole: prices, transactions and trends (DLD data) →
Managed by Luxury Owner Association Management Services Co. · budget 1 Jan 2026 — 31 Dec 2026
History, budget breakdown and nearby buildings →
RERA-approved budget from the DLD service charge index (Mollak) for “Damac Towers By Paramount”. Total is the general and reserve funds; additional charges are separate.
We will send floor plans, the payment plan and available units for this project.
Project data comes from the Dubai Land Department (DLD) registry.
