
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Damac Paramount Towers launch basis | 1,056 | AED 950,000 | Current launch / asking basis |
| Business Bay ready-stock comps | 1,900 | AED 1.71M | Indicative resale benchmark |
| Business Bay premium peer launches | 2,350 | AED 2.12M | New-launch peer set |
| Trophy alternative proxy | 2,950 | AED 2.65M | Higher-end anchor for negotiation context |






















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Business Bay
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
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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