Damac Paramount Towers
Project Overview
Damac Paramount Towers is a premium project by Damac Properties, located in the heart of Dubai's Business Bay district. The complex consists of four buildings of 66 floors each, designed in Hollywood style. Three towers contain residential units, including studios and apartments with 1-3 bedrooms, and the fourth is occupied by a hotel. Each residence in the complex features sleek and contemporary design and functional layouts. All four towers are united by a multi-level podium of multifunctional purpose with restaurants and bars, event halls, fitness centers, spas, swimming pools with a huge sun terrace and panoramic views of the area, recreation areas, cinemas, children's club and shopping area. The complex is located in the Business Bay area and faces directly onto Al Abraj Road, which connects to the Ras Al Khor highway. Advantageous location allows you to easily move around the city to neighboring areas. It is possible to use public transportation - metro or bus. Business Bay bus stop is within walking distance, as well as Financial Center and Business Bay metro stations. Many cafes and restaurants can be found near Damac Paramount Towers including Fuchsia Urban Thai, Taipei Dao, Zen Restaurant and The Espresso Lab, the nearest supermarkets and grocery stores are West Zone Supermarket, Spinneys and Carrefour.
Illustrative Rental Scenario
Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.
Pricing and Area Research
Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.
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Gallery
Astraterra Properties
Official Documents
Download official marketing materials from Damac Properties.
Payment Structure
Published payment summary
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Amenities & Lifestyle
Location
Business Bay
Nearby Destinations
Developer and Project Facts
Damac Paramount Towers by Damac Properties
Located in Business Bay
Starting from AED 950,000
Unit mix includes Studio, 1 BR, 2 BR, Apartments
Expected handover: Sep 2018
Official brochure and PDF marketing materials available
Official render/gallery images available
Available for Resale
Ready-to-move units · Direct from owner · Verified by Astraterra
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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