Damac Towers by Paramount · Dubai

Exterior

Highlights

Realiste rating

4 awards

Building rating ?

B+

handover

Q3-2019

Area from

927 ft²

floors

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.

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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

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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

Get Golden Visa

By investing in this property, you unlock the opportunity to acquire the UAE Golden Visa—a unique program granting long-term residency in the United Arab Emirates.

Long-term residency without the need for sponsorship.

Opportunity to conduct business or work in the UAE.

Access to world-class higher education and healthcare services.

Master plan

Location and infrastructure

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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