Damac Towers by Paramount

BUSINESS BAY SECOND · Damac · Updated 24.11.2024
Damac

Highlights

Realiste rating
4 awards
Building rating ?
B+
handover
Q3-2019
Area from
927 ft²
price from
1579000 AED
floors
55
Property type
Apartments
DAMAC Towers by Paramount is a mixed-use complex in Business Bay. Its four 55-storey towers are connected by an 8-level podium which comprises various retail outlets. The three residential towers of the complex offer studio, 1, 2 and 3-bedroom apartments, whereas the hotel tower offers luxurious suites. The complex offers facilities like fitness, dining, self-care and leisure options.

Business Bay is one of the most popular areas of Dubai. It is centrally located and comprises various high-rise residential, commercial and hotel towers. The area also provides easy access to important amenities like shopping, dining, leisure, education and healthcare facilities, while travelling is convenient using Sheikh Zayed Road and Al Khail Road.
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
Fully furnished apartments (including cabinet, upholstered furniture, lighting equipment and decor) + complete bathrooms
Convenience and security
- Parking
- Gym
- Floor plans
- Restaurants nearby
Availability of greenery and water
  • Greenery
    South Ridge Park
  • Water
    Al Jadaf Dubai Canal
Accessibility by car
  • DIFC
    15 minutes
  • Burj Khalifa
    12 minutes
  • Palm Jumeirah
    24 minutes
  • Dubai Marina
    25 minutes
  • Dubai Mall
    19 minutes
  • Meydan Racecourse
    14 minutes
  • Ras Al Khor Wildlife Sanctuary
    11 minutes
  • Dubai International Airport
    16 minutes
Realiste AI ratings
Building class
Luxury class
85 place of 365 Projects
Price affordability
Not affordable
259 place of 358 Projects
Price compared to area average
Same
194 place of 354 Projects
Developer rating
Reliable
110 place of 330 Projects
Average price sqft
Medium price
127 place of 362 Projects
Building attractivenes in area
Very attractive
54 place of 364 Projects
Access to water in area
Medium
85 place of 145 Projects
Development level
Medium developed
207 place of 363 Projects
Forecast for 3 years
Good growth
169 place of 362 Projects
Realiste Choice
Low potential
322 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
Development level
Forecast for 3 years
Realiste Choice
Building class
85 place of 365
Luxury
85%
Economy
Price affordability
259 place of 358
Not affordable
646 USD/ft2
Very affordable

Location and infrastructure

Highlights of Damac Towers by Paramount

  • City: Dubai
  • Project: Damac Towers by Paramount
  • Building class: 85% - Luxury
  • Price affordability: 646 USD/ft2 - Not affordable
  • Price compared to area average: 9.4% - Same
  • Developer rating: 9 - Reliable
  • Average price sqft: 590 USD/ft2 - Medium
  • Building attractivenes in area: 0.94 - Very attractive
  • Access to water in area: 21.8% - Medium
  • Development level: 30.5% - Medium
  • Forecast for 3 years: +18.2% - Good
  • Realiste Choice: 517 - Low potential

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