Eligible for UAE 10-Year Golden Visa
DAMAC Paramount Tower Hotel and Residences
at Business BayStudio, 1, 2 & 3 BR ApartmentsPrice (AED)1.7M*
Unit (Bedrooms)Studio, 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 1.7 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
Content Reviewed By: Vikas Taneja — RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
DAMAC Paramount Tower Hotel & Residences is located in Business Bay, Dubai on Al Khaleej Al Tejari Street, directly south of Downtown Dubai and adjacent to DIFC. The four towers sit along the Dubai Water Canal, 10 minutes from Dubai Mall and Burj Khalifa, and 17 minutes from Dubai International Airport.
Paramount Tower offers fully furnished 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) with Hollywood-themed interiors across three residential towers. All units are serviced with hotel-grade housekeeping. Explore more apartments in Business Bay at dubaihousing-ae.com/our-communities/business-bay.
DAMAC Paramount Tower starts from approximately AED 1.7 million for a studio apartment. The project is fully delivered, so purchases settle upon transfer. Contact the Dubai Housing team for current resale availability and pricing at dubaihousing-ae.com/contact-us.
DAMAC Paramount Tower is a fully completed, ready-to-move development delivered in October 2018. Buyers today face zero construction risk with immediate occupancy or rental income available from day one. The Paramount Hotel in the fourth tower is operational.
Yes units valued at AED 2 million or above qualify for the UAE’s 10-year Golden Visa. At Paramount Tower, 2-bedroom and larger apartments exceed this threshold. Confirm the specific unit valuation with the Dubai Housing team.
Paramount Tower combines a branded serviced-apartment format (hotel housekeeping and concierge included), a Business Bay canal-front location with 5.1% gross yields, and fully furnished Hollywood-themed interiors in a delivered building. The district’s office density provides a deep year-round tenant pool. Add 0% income tax, RERA escrow protection, and Golden Visa eligibility, and the case is clear. Browse more apartments in Business Bay at dubaihousing-ae.com/our-communities/business-bay.
Limited Period: Free DLD Waiver on select units
