About DAMAC Towers by Paramount
DAMAC Towers by Paramount is a hotel tower by DAMAC Properties, in Business Bay, Dubai. It rises 70 storeys (2 basement levels, a ground floor, 8 podium levels, 61 floors and a roof), built as a concrete structure with internal and external finishes. The project comprises 2,041 homes across 5 buildings.
Key information
Developer
DAMAC Properties
- Handover
- Q4 2018
- Status
- Handed over
- Location
- Business Bay, Dubai
- Master project
- Business Bay
- Construction started
- 2008
- Number of buildings
- 5
- Number of units
- 2,041
- Service charge
- AED 23.75/sqft
- Registered with DLD
- 08 Nov 2008
- Escrow bank
- Abu Dhabi Islamic Bank
- Escrow account no.
- 15808213
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2008
- Handed overQ4 2018
Construction progress
169 inspection photos from the Dubai Land Department. Latest 23 Oct 2018 at 100% complete.
Amenities
Physical features recorded on the Dubai Land Department buildings register.
6 Swimming Pools
Covered Parking
70 Elevators
62 Floors
Retail & Shops
8 Residential Units
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
2,753
Median price
AED 1.9M
Median price / sqft
AED 2K+7%
Off-plan share
56%
Priced 24% above than the Business Bay median of AED 2K/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 812 | 506 sqft | AED 1.3M | AED 3K |
| 1 Bed | 1,060 | 985 sqft | AED 1.9M | AED 2K |
| 2 Bed | 530 | 1,454 sqft | AED 2.7M | AED 2K |
| 3 Bed | 349 | 1,796 sqft | AED 3.3M | AED 2K |
| 4 Bed | 1 | 2,801 sqft | AED 5.3M | AED 2K |
Price per sqft by year
+7% since 2009AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 09 Sept 2026 | Resale | 1,997 sqft | AED 3.0M | AED 2K |
| 08 Sept 2026 | Resale | 1,746 sqft | AED 2.6M | AED 1K |
| 07 Sept 2026 | Resale | 1,388 sqft | AED 2.0M | AED 1K |
| 03 Sept 2026 | Resale | 1,055 sqft | AED 1.5M | AED 1K |
| 01 Sept 2026 | Resale | 1,394 sqft | AED 1.6M | AED 1K |
| 31 Aug 2026 | Resale | 452 sqft | AED 733K | AED 2K |
| 31 Aug 2026 | Resale | 945 sqft | AED 1.5M | AED 2K |
| 25 Aug 2026 | Resale | 945 sqft | AED 1.3M | AED 1K |
Unit mix
2,041 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Shop | 19 | - |
| Office | 2 | - |
| Studio | 729 | 451 - 637 sqft |
| 1 B/R | 203 | 630 - 3,515 sqft |
| 2 B/R | 58 | 1,388 - 1,517 sqft |
| 3 B/R | 48 | 1,956 sqft |
| 1 B/R | 488 | 630 - 3,515 sqft |
| 2 B/R | 302 | 1,388 - 1,517 sqft |
| 3 B/R | 191 | 1,956 sqft |
| 4 B/R | 1 | 2,801 sqft |
Payment plan
Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Business Bay, Dubai.
Business Bay
Dubai, United Arab Emirates
Frequently asked questions
DAMAC Towers by Paramount has already been handed over (Q4 2018), according to Dubai Land Department records.
