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DAMAC Towers by Paramount

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Details

Commercial Title :

DAMAC Towers by Paramount

Official Title :

Zaabeel

Type :

Free Hold

Development Number :

443

Registration Date :

08-Nov-2008

Construction Started Date :

27-Mar-2008

Completion Status :

Completed/Ready

Life Cycle :

Mature

Master Developer(s) :

N/A

Launch Date :

N/A

Anticipated Completion Date :

23-Oct-2018

Handover Date :

N/A

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Special Classifications



Description

Damac Towers by Paramount is a multi-building complex in Business Bay, Dubai. The development comprises four individual buildings: Paramount Tower A, Paramount Tower B, Paramount Tower C, and Paramount Tower D

Business Bay has a mixed-use building called DAMAC Towers by Paramount. The complex's three residential towers include studio, one-, two-, and three-bedroom apartments, while the hotel tower provides opulent suites. The complex has amenities for self-care, food, exercise, and recreation.

One of the most populated areas of Dubai is Business Bay. It is conveniently situated and has a number of tall residential, business, and hotel skyscrapers. Additionally, the neighborhood offers simple access to facilities for shopping, dining, entertainment, education, and healthcare, and Sheikh Zayed Road and Al Khail Road make traveling in the neighborhood easier.

A gym, a pool, steam rooms, saunas, and a luxurious spa are available for fitness at DAMAC Towers by Paramount. The building contains a grand foyer, a kids' play area, and conference spaces. The shopping district includes a café, bar, coffee shop, supermarket, numerous restaurants, and men's and women's salons.

IN A NUTSHELL

  • DAMAC Towers by Paramount Hotels & Resorts is a Hollywood-inspired four-tower complex standing tall in the vibrant financial district of Business Bay
  • It was launched in March 2013 by Paramount Hotels & Resorts in collaboration with DAMAC Properties
  • The master development consists of four towers, each having 68 floors and rising 270 meters high
  • The three residential towers feature 1,200 luxurious serviced suites, while the fourth tower houses the stunning Paramount Hotel with 800 extravagant rooms
  • The four super-tall skyscrapers sit on a shared podium
  • The lobby has flexible screens that can be color adjusted to create different atmospheres in the morning and evening. The effect is further enhanced with adjustable scents and sounds


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Yearly Transactions and Sales

Transactions
Sales
2,0002,0001,6001,6001,2001,20080080040040000Transactions200920092013201320142014201520152016201620172017201820182019201920202020202120212022202220232023202420244,500,000,0004,500,000,0003,600,000,0003,600,000,0002,700,000,0002,700,000,0001,800,000,0001,800,000,000900,000,000900,000,00000Sales
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Transactions and Sales by Property Types

Transactions
Sales
3,6003,6002,7002,7001,8001,80090090000TransactionsApartmentsApartmentsHotel ApartmentHotel Apartment8,000,000,0008,000,000,0006,000,000,0006,000,000,0004,000,000,0004,000,000,0002,000,000,0002,000,000,00000Sales
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Price Per Square Feet "Sale"

3,2003,2002,8002,8002,4002,4002,0002,0001,6001,6001,2001,200Price1648.69232213.68062789.169152583.65592445.790052147.65022129.971051831.484151699.9081476.419451521.421751990.031551940.099320092009201320132014201420152015201620162017201720182018201920192020202020212021202220222023202320242024
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