Gallery
Imagery courtesy of DAMAC Properties.
The project
About Paramount Tower Hotel & Residences
Paramount Tower Hotel & Residences is a 66-storey mixed hotel and residential skyscraper by DAMAC in Business Bay, distinct from the four-tower DAMAC Towers by Paramount nearby.
Residences are studios to three bedrooms styled on the Paramount Hotels & Resorts theme, with hotel services on site.
Completed in 2021 and opened in February 2022; some listings record earlier dates for the sister towers.
At a glance
Paramount Tower Hotel & Residences key facts
- Developer
- DAMAC Properties
- Community
- Business Bay
- Status
- Handover soon
- Handover
- Completed (2021)
- Starting price
- On request
- Unit types
- Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Paramount Tower Hotel & Residences
- 01
Agree the price
Agree terms with the seller of a unit at Paramount Tower Hotel & Residences, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
DAMAC Properties issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- Hotel-branded services
- Sheikh Zayed Road-side position
- Completed 2021
What to weigh
- Confusion with DAMAC Towers by Paramount in listings
- Branded service charges
- Themed interiors
FAQ
Paramount Tower Hotel & Residences — frequently asked questions
What is the starting price of Paramount Tower Hotel & Residences?
Pricing for Paramount Tower Hotel & Residences has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences is scheduled for handover in Completed (2021). Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at Paramount Tower Hotel & Residences?
Paramount Tower Hotel & Residences offers Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is Paramount Tower Hotel & Residences located?
Paramount Tower Hotel & Residences is in Business Bay, Dubai.
Can foreigners buy at Paramount Tower Hotel & Residences?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at Paramount Tower Hotel & Residences outright.
How do I buy or sell at Paramount Tower Hotel & Residences?
MRK Real Estate advises on primary purchases and resales at Paramount Tower Hotel & Residences. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
