Paramount Towers (one tower)

Paramount Towers is a 66-story mixed-use skyscraper featuring hotel and residential apartments, part of the four-tower DAMAC Towers by Paramount complex in Business Bay. Developed by DAMAC Properties, it offers studios and 1-3 bedroom units with Hollywood-themed amenities.

Type

Apartment

Area

Business Bay, Dubai

Community

Business Bay

Typical rent

AED 55k–160k/yr

Listed amenities

7

Photos

3

Coordinates

Mapped

On Lived since

May 2026

Is Paramount Towers (one tower) 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 Paramount Towers (one tower) specifically, read verified tenant reviews on Lived once tenants start sharing reports.

How much does it cost to rent at Paramount Towers (one tower) 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.

Paramount Towers (one tower): 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.