Paramount Tower Hotel and Residences

BUSINESS BAY FIRST · Damac · Updated 12.11.2024
Damac

Highlights

Realiste rating
3 awards
Building rating ?
B+
handover
Q1-2022
Area from
1000 ft²
price from
2370000 AED
floors
63
Property type
Apartments
Paramount Tower Hotel and Residences Dubai is a luxury hotel and residential tower perfectly situated on Sheikh Zayed Road. It is not only in the most sublime setting but a great investment for the discerning investor.

The 63-storey tower consists of retail on the ground floor and a hotel along with amenities for residents and guests alike. The project will offer restaurants and lounges, fitness and wellness centre, high-end retail outlets, a rooftop infinity swimming pool with terrace, state-of-the-art spa and more.

You can experience the height of fashionable living. The hotel Floors 15 to 25 present a selection of beautiful hotel rooms that are tailored for comfort
and to inspire creativity. It will comprise a spectacular in-room home theatre and access to a library of Paramount films. It represents the signature of ultimate luxury. The residences

Floors 26 to 63 offer a collection of luxury residences with separate living and dining areas along with the Paramount amenities and service.
Conditions for the unit resale
  • The minimum amount of
    payment for subsequent
    resale
    30%+4% DLD
  • The payment plan
    Transferable
Non-profit service
  • Dubai ID*
  • Bank account*
Furniture
Furnished.
Convenience and security
- Parking
- 24-hour security with video surveillance
- Children’s playground and pool
- Meeting and event space
- Sauna and steam room
- Equipped gym
- Spa and health club
- Barbecue area
- Laundry services
- Nearby retail stores and grocery stores
Availability of greenery and water
  • Greenery
    -
  • Water
    -
Accessibility by car
  • Burj Khalifa
    4 minutes
  • Sky Views Observatory
    7 minutes
  • Safa Park
    8 minutes
  • Jumeirah Beach
    9 minutes
  • Ras Al Khor Wildlife Sanctuary
    10 minutes
  • Kite Beach
    16 minutes
  • Palm Jumeirah
    19 minutes
  • Dubai International Airport
    20 minutes
Realiste AI ratings
Building class
Economy class
364 place of 365 Projects
Price affordability
Not affordable
260 place of 358 Projects
Price compared to area average
Same
121 place of 354 Projects
Developer rating
Reliable
109 place of 330 Projects
Average price sqft
Good price
75 place of 362 Projects
Building attractivenes in area
Very attractive
77 place of 364 Projects
Access to water in area
Medium
66 place of 145 Projects
Access to parks in area
Low access
201 place of 212 Projects
Development level
High developed
77 place of 363 Projects
Forecast for 3 years
Good growth
233 place of 362 Projects
Realiste Choice
Low potential
318 place of 365 Projects
Economy
Middle
Luxury
Building class
Price affordability
Price compared to area average
Developer rating
Average price sqft
Building attractivenes in area
Access to water in area
Access to parks in area
Development level
Forecast for 3 years
Realiste Choice
Building class
364 place of 365
Economy
50%
Luxury
Price affordability
260 place of 358
Not affordable
646 USD/ft2
Very affordable

Location and infrastructure

Highlights of Paramount Tower Hotel and Residences

  • City: Dubai
  • Project: Paramount Tower Hotel and Residences
  • Building class: 50% - Economy
  • Price affordability: 646 USD/ft2 - Not affordable
  • Price compared to area average: -3.8% - Same
  • Developer rating: 9 - Reliable
  • Average price sqft: 672 USD/ft2 - Good price
  • Building attractivenes in area: 0.92 - Very attractive
  • Access to water in area: 22.3% - Medium
  • Access to parks in area: 1.4% - Low access
  • Development level: 66.6% - High developed
  • Forecast for 3 years: +12.8% - Good
  • Realiste Choice: 525 - Low potential

The information provided on this website is for informational purposes only. None of the content should be considered as investment advice or recommendations. Investing in real estate and other financial assets involves risks, and all investment decisions should be based on your own careful consideration and consultation with qualified professionals.

The administration of this website is not responsible for any losses or damages incurred as a result of using the information provided on the site. We recommend conducting your own research and analyzing the risks associated with any investment decisions. Past performance and results are not indicative of future outcomes. Investment results may vary based on individual circumstances, including financial situation and risk tolerance.

Any mention of specific investments or strategies is for illustrative and discussion purposes only and does not constitute a recommendation or endorsement. Such mentions do not necessarily reflect the views of the website administration.

We strongly advise consulting with a financial advisor or legal counsel before making any investment decisions. You are solely responsible for your investment actions and the risks associated with them.

By using this website, you agree that the website administration is not liable for any direct or indirect losses or damages resulting from the use of the information provided on the site.

Please exercise caution and care when making investment decisions.

Terms of Use