Damac Paramount Towers
✓ Resale Available

Damac Paramount Towers

From AED 950,000·Completed Sep 2018·20% down payment Payment
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AED 950,000
Starting Price
Sep 2018
Handover
20% down payment
Payment Plan
Studio · 1 BR
Type

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.

Project Specifications
DeveloperDamac Properties
LocationBusiness Bay
Unit TypesStudio, 1 BR, 2 BR, Apartments, Hotel apartments
AreaBusiness Bay
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 40,993 / year
Cash-on-Cash
1.8%
Levered cashflow AED 9,643
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 61,750 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Damac Paramount Towers launch basis1,056AED 950,000Current launch / asking basis
Business Bay ready-stock comps1,900AED 1.71MIndicative resale benchmark
Business Bay premium peer launches2,350AED 2.12MNew-launch peer set
Trophy alternative proxy2,950AED 2.65MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Damac Properties.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Damac Paramount Towers — 1 Bedroom Floor Plan

Amenities & Lifestyle

Concierge Service
Conference room
Covered Parking
Covered gym
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Outdoor parking
SPA
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Business Bay

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Business BayBusiness BayDubai, UAE

Developer Track Record

01

Damac Paramount Towers by Damac Properties

02

Located in Business Bay

03

Starting from AED 950,000

04

Unit mix includes Studio, 1 BR, 2 BR, Apartments

05

Expected handover: Sep 2018

06

Official brochure and PDF marketing materials available

07

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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