DAMAC Towers by Paramount Hotels and Resorts
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About
— about this propertyDAMAC 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
- Community guide estimate
- AED 55k–160k/yr
- Listed amenities
- 10
- Photos
- 5
- Coordinates
- Mapped
- On Lived since
- Aug 2025
Features
— amenities & featuresReviews
— 0 reviewsPublished resident reviews · Verified badges identify tenancy verification
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Frequently asked
— about DAMAC Towers by Paramount Hotels and ResortsIs DAMAC Towers by Paramount Hotels and Resorts a good place to rent in Business Bay?
Community guide context for 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. These are area estimates, not verified asking prices for DAMAC Towers by Paramount Hotels and Resorts. For unit-by-unit experience at DAMAC Towers by Paramount Hotels and Resorts specifically, read published resident reviews on Lived once tenants start sharing reports.
What does the Business Bay community guide estimate for rent near DAMAC Towers by Paramount Hotels and Resorts?
Community guide estimate for 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. This is area guidance, not a verified asking price for DAMAC Towers by Paramount Hotels and Resorts.
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.