DAMAC Towers by Paramount Hotels and Resorts

DAMAC Towers by Paramount Hotels & Resorts, a Hollywood-themed four-tower complex in Dubai’s Business Bay developed by DAMAC Properties in partnership with Paramount Hotels & Resorts, comprises three 68-storey residential towers housing over 1,200 fully-furnished serviced apartments (studios to 3-bedrooms) and one hotel tower with approximately 800 themed rooms; the towers are joined by a multi-level podium featuring glamorous amenities including a grand swimming pool with sun deck and panoramic Burj area views, 24/7 concierge, gyms, wellness spas, screening rooms, kids’ club, themed restaurants, bars, retail boutiques, valet parking, and lush landscaped areas—all set against a vibrant urban backdrop with direct access to Downtown Dubai and Sheikh Zayed Road.

Type

Tower

Area

Business Bay

Community

Business Bay

Typical rent

AED 55k–160k/yr

Listed amenities

10

Photos

5

Coordinates

Mapped

On Lived since

Aug 2025

Is DAMAC Towers by Paramount Hotels and Resorts a good place to rent in Business Bay?

1-bedrooms in Business Bay run AED 75,000–140,000/year in 2026. Studios from AED 55,000. District cooling is standard — add AED 5,000–12,000/year. Maintenance response times are a common complaint in reviews. For unit-by-unit experience at DAMAC Towers by Paramount Hotels and Resorts specifically, read verified tenant reviews on Lived once tenants start sharing reports.

How much does it cost to rent at DAMAC Towers by Paramount Hotels and Resorts in Business Bay?

Studios start around AED 55,000/year, 1-bedrooms range from AED 75,000–140,000, and 2-bedrooms from AED 110,000–200,000 in 2026. District cooling typically adds AED 5,000–12,000/year on top of rent.

Is Business Bay a good place to live?

For professionals working in central Dubai, yes — the RTA Metro extension improved connectivity significantly. The area is still maturing: new cafes and restaurants open regularly, but some blocks lack walkable amenities. Check the specific tower's Lived reviews.

DAMAC Towers by Paramount Hotels and Resorts: How is parking in Business Bay?

Most towers include one allocated parking space. Visitor parking is limited and paid. If you have two cars, confirm the second parking situation before signing — some buildings charge AED 300–500/month for additional spaces.