Paramount Tower Hotel and Residences in Business Bay

Details Special Classifications Amenities Road Locations Views Description Location Downloads Typical Floor Plans Internal Layouts Payment Plans Market Insights Developer

2 Years Post-Handover

Description	Milestone Event	(%) Value
Down Payment	Immediate	20%
Payment At Handover	On Completion	0%
1st Installment	Within 3 Months of Completion	10%
2nd Installment	Within 9 Months of Completion	10%
3rd Installment	Within 18 Months of Completion	10%
4th Installment	Within 30 Months of Completion	10%
5th Installment	Within 45 Months of Completion	10%
6th Installment	Within 63 Months of Completion	10%
7th Installment	Within 84 Months of Completion	10%
8th Installment	Within 108 Months of Completion	10%

Details

Title :

Paramount Tower Hotel and Residences

Type :

Free Hold

Project Number :

N/A

Completion Status :

Completed/Ready

Life Cycle :

N/A

Master Development :

B04

Developer :

Namaa Properties Development L.L.C

Plot Number :

3460124

Project Configuration :

3B+G+11P+4A+49+R

Number Of Units :

894

Number Of Sold Units :

N/A

Number Of Remaining Units :

N/A

Number Of Floor :

Plot Area :

23,382 Square Feet

Built Up Area :

829,346 Square Feet

Status Percentage :

100

Launch Date :

N/A

Registration Date :

21-Jun-2015

Construction Started Date :

01-Jul-2015

Anticipated Completion Date :

29-Mar-2022

Cost Consultants :

N/A

Piling Contractors :

N/A

Handover Date :

01-Mar-2019

Main Contractors :

N/A

Sub Contractors :

N/A

Architects :

N/A

MEP Contractors :

N/A

Project Managers :

N/A

Description

DAMAC Paramount Tower (Midtown) Hotel And Residences

In the center of Dubai's Business Bay is the opulent hotel and residential complex known as Damac Towers by Paramount Hotels & Resorts. Four buildings make up the development: three residential towers with high-end apartments and a fourth tower that houses the Paramount Hotel & Residences, which adds a unique Hollywood touch. Residents may enjoy an exceptional urban living experience with breathtaking views and top-notch architecture thanks to the multi-level plaza that connects the towers, creating a lively lifestyle hub.

The project includes thoughtfully designed suites with one, two, and three bedrooms as well as a fully furnished studio. Specialty eating selections, a dine-in movie theater, fitness centers, a kids' club, and recreational facilities are just a few of the first-rate amenities available to residents.

DAMAC Paramount Tower (Midtown) Hotel And Residences Location

With breathtaking views of the Burj Khalifa, Dubai Fountain, and Dubai Mall, Damac Towers by Paramount Hotels & Resorts is perfectly located in Business Bay, Dubai. One of Dubai's most sought-after residential destinations, the development guarantees easy access to main roadways, shopping, dining, and entertainment areas.

Residents may enjoy the vibrant cityscape and recreational choices in a matter of minutes thanks to the towers' exceptional position. Located in the heart of Business Bay, residents have good access to the rest of the city, including Dubai International Airport, as well as Downtown Dubai, DIFC, Dubai Opera, and Jumeirah.