Project Summary

Project Name:

Paramount Tower Hotel and Residences


Location

Business Bay


Developer

Damac


Handover Date:

Q4 2020


Type:

Apartment


Bedroom(s):

1 Bedroom


Average Area:

842 SQFT


Average Price:

1995000


Price/Sqft:

2369.36 AED


Payment Plan

During Construction

50%

On Handover

10%

Post Handover

40%

Damac

Paramount Tower Hotel and Residences

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About the Project

The luxurious Residences by Damac developers is a lavish lodging and homes tower on Sheik Zayed Road. Central Tower Hotel and Residences is a 64-story venture which is offering sky hall with sees over the Burj zone. It is encompassed by the absolute most recognized tourist spots on the planet, Paramount Tower Hotel and Residences Dubai are determined to the popular Sheik Zayed Road, nearby the Business Bay zone, which consolidates business, private, neighbourliness, amusement, shopping and recreation offices in an enlivened, focal setting. The striking lodging and private pinnacle brag unfathomable perspectives on the encompassing territory, including the Burj Khalifa, alongside vistas of the Palms, The World Islands and the notable Burj Al Arab. Dubai International Airport is only a 15-minute drive away and there are two metro stations in nearness.

The lodging: Floors 15 to 36 present a choice of excellent lodgings which offer an extraordinary encounter for visitors as well as give the chance to exceptionally worthwhile speculation as well. Rooms are custom fitted for comfort and yet additionally to rouse innovativeness. They highlight an awesome in-room home theatre and access to a library of Paramount movies. At the point when the credits roll, the mark bed is the fabulous finale to your day.

The living arrangements: For those looking for somewhat more space, with discrete living and eating regions just as various rooms, floors 37 to 63 offer an assortment of extravagance habitations. Consolidating the solaces of home with the Paramount conveniences and administration, in the event that you wish to take that alternative, they are extraordinary speculations that are handily let out in case you're away. Whatever your decision of property, while in living arrangement, you can encounter the stature of stylish living; and when you're away, you'll procure great rental pay.

  • Fabulous entryway
  • Sufficient stopping
  • Two and three-room lofts
  • Two restrictive penthouses
  • Eateries and parlours
  • Retail outlets including The Vault, Paramount Hotels and Resorts' product store
  • Health and wellness focus
  • Steam room and sauna
  • Children Studio Club
  • Extravagance spa
  • Gatherings and occasions offices
  • Screening room displayed after the expert studios at Paramount
  • Temperature-controlled pool
  • Best in the class recreation centre

About Location

Business Bay is a central business district located besides Downtown Dubai, United Arab Emirates. The project features numerous skyscrapers located in an area where Dubai Creek has been dredged and extended. Business Bay will have upwards of 240 buildings, comprising commercial and residential developments.The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. In Dubai Business Bay is known to be a mixed-use neighbourhood with residential and commercial areas and is home to several high-end hotels including the former tallest hotel in the world JW Marriott Marquis. Business Bay is also closely located to the upcoming design destination, Dubai Design District and one of Dubai’s oldest hotspots, Jumeirah. Popular off-plan communities to invest in Business Bay include Reva Residences by Damac, Binghatti Star by Binghatti Developers and Vera Residences by Damac.

About the Developer

Damac properties are the brand name in the real estate market in the Middle East since 2002. Damac properties have delivered more than 18500 customers and have a portfolio of more than 40000 units at various stages of progress and the number increases daily. The developer has the only objective to service excellence and it prides itself on this. The company consists of a highly experienced management team of senior managers and directors who all have significant experience in the real estate industry. The company prides itself as they have delivered two master developments in Dubai, nearly 100 million sq.ft between them. Damac properties had awarded more than 370 contracts worth AED 3.5 billion in January 2017. There 370 contracts include consultancy services, supplier and construction services across its portfolio of developments. Some of the key projects by Damac properties includes Artesia, Aurum Villas, Akoya City Tower B, Carson and Damac Heights.

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