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DAMAC Paramount Tower Hotel and Residences
at Sheikh Zayed Road1, 2 & 3 BR Studios & ApartmentsPrice (AED)1.7M*
Unit (Bedrooms)1, 2 & 3 BR
Sizes (Sq. Ft.)438 - 2,247
PossessionReady To Move In
Four towers. Hollywood interiors. And Burj Khalifa framed from the living room. DAMAC Paramount Tower Hotel & Residences by DAMAC Properties brings Paramount Pictures-branded serviced apartments to the centre of Business Bay studios to 3-bedroom residences from AED 1 million, delivered in 2018, with hotel-level services, a private cinema, and a pool deck overlooking the Dubai Canal. Zero construction risk. Immediate rental income.
DAMAC Paramount Tower Hotel & Residences is a four-tower Hollywood-branded development in Business Bay, Dubai one of the emirate’s most connected commercial and residential districts. Developed by DAMAC Properties in collaboration with Paramount Hotels & Resorts, the project comprises three residential towers and one hotel tower, all interconnected by a multi-level podium with bars, restaurants, and entertainment spaces. Completed in October 2018, the complex houses 889 units across approximately 55 storeys per tower. DAMAC Properties, founded in 2002, has delivered over 47,000 units across the Middle East. The Paramount collaboration brings cinematic design language think golden-age Hollywood meets modern Dubai to a serviced-apartment format that appeals equally to residents and short-term tenants.
The complex offers studios from 438 sq.ft, 1-bedroom apartments from approximately 870 sq.ft, 2-bedroom units from 1,400 sq.ft, and 3-bedroom residences up to 2,247 sq.ft. All units are fully furnished with Hollywood-themed interiors: branded fabrics, curated artwork, and cinema-inspired design accents. Kitchens are equipped with premium appliances. Bathrooms feature designer fittings. Many units include balconies with views of Burj Khalifa, the Dubai Canal, or the Downtown skyline. The serviced-apartment format means hotel-grade housekeeping, concierge, and maintenance are included in the service charge. For investors, this translates to a rental product that is move-in ready from day one with minimal owner involvement.
Business Bay is a canal-front commercial and residential district spanning the Dubai Water Canal, directly south of Downtown Dubai and adjacent to DIFC. The district hosts thousands of commercial offices, hundreds of F&B outlets, and a growing population of professionals who rent within walking distance of their workplace. Within the Paramount complex, residents share swimming pools, a modern gym, spa with sauna and steam room, a private cinema, children’s play areas, and multiple dining outlets on the shared podium. The Dubai Canal promenade provides waterfront running paths and dining at the building’s doorstep. Business Bay Metro Station is a short drive, and Al Khail Road and Sheikh Zayed Road flank the district for car commuters.
DAMAC Paramount Tower offers studios (438+ sq.ft), 1-bedroom (870+ sq.ft), 2-bedroom (1,400+ sq.ft), and 3-bedroom apartments (up to 2,247 sq.ft), all fully furnished with Hollywood-themed interiors, equipped kitchens, and Burj Khalifa or Canal views.
Paramount Tower’s four-tower podium delivers a resort-grade amenity set within a Business Bay address. Swimming pools, a gym, spa with sauna and steam room, and a private cinema serve the residential towers. Multiple dining outlets, bars, and lounges operate within the shared podium a social infrastructure typically found in five-star hotels, not apartment buildings. Hotel-grade housekeeping and concierge come standard with the service charge. The Dubai Canal promenade sits at the building’s doorstep, adding waterfront running paths and al fresco dining. For families, children’s play areas and a terrace garden provide outdoor space within the development.
Business Bay occupies the Dubai Water Canal corridor directly south of Downtown Dubai and adjacent to DIFC the region’s financial centre. Al Khail Road and Sheikh Zayed Road provide dual arterial access, placing residents 10 minutes from Dubai Mall, 17 minutes from Dubai International Airport, and within walking distance of Business Bay Metro Station. The Dubai 2040 Urban Master Plan identifies Business Bay as a core commercial and residential growth zone. For professionals working in DIFC, Downtown, or the wider canal corridor, Paramount Tower eliminates the commute. For investors, the district’s office density ensures a deep, year-round tenant pool of professionals seeking furnished, serviced apartments
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