Gallery
Imagery courtesy of DAMAC Properties.
The project
About DAMAC Towers by Paramount
DAMAC Towers by Paramount is a four-tower complex in Business Bay: three residential towers with Paramount-styled interiors and a fourth housing the Paramount Hotel.
Pricing is on the secondary market; two- and three-bedroom rents run from roughly AED 149K to 230K per year.
The complex is complete, with about 1,400 apartments and 702 hotel rooms across towers of around 268 metres.
At a glance
DAMAC Towers by Paramount key facts
- Developer
- DAMAC Properties
- Community
- Business Bay
- Status
- Handover soon
- Handover
- Completed
- Starting price
- On request
- Unit types
- Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at DAMAC Towers by Paramount
- 01
Agree the price
Agree terms with the seller of a unit at DAMAC Towers by Paramount, 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
- Hollywood-branded interiors and hotel services
- Walking distance to Downtown Dubai
- Large rental pool
What to weigh
- High-density complex
- Hotel-style service charges
FAQ
DAMAC Towers by Paramount — frequently asked questions
What is the starting price of DAMAC Towers by Paramount?
Pricing for DAMAC Towers by Paramount has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of DAMAC Towers by Paramount?
DAMAC Towers by Paramount is scheduled for handover in Completed. Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of DAMAC Towers by Paramount?
DAMAC Towers by Paramount is developed by DAMAC Properties in Business Bay, Dubai.
What unit types are available at DAMAC Towers by Paramount?
DAMAC Towers by Paramount offers Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is DAMAC Towers by Paramount located?
DAMAC Towers by Paramount is in Business Bay, Dubai.
Can foreigners buy at DAMAC Towers by Paramount?
Yes. Business Bay is a freehold area, so buyers of any nationality can own property at DAMAC Towers by Paramount outright.
How do I buy or sell at DAMAC Towers by Paramount?
MRK Real Estate advises on primary purchases and resales at DAMAC Towers by Paramount. 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.
