Damac Properties is a well-known developer in the Middle East and beyond. We invite you to consider the opportunity of purchasing an apartment in DAMAC Towers by Paramount Hotels & Resorts located in the Business Bay district of Dubai. This is a premium class high-rise residential complex built in the Hollywood style.
The complex consists of four towers connected to each other by numerous passages at different levels. Each tower is 270 meters high and each of them has 68 stories. Three towers contain apartments and the fourth one is a luxury hotel. The total number of apartments is 1,200. You can find studio, one-, two-, and three-bedroom apartments in the buildings.
The complex design is rich and elegant and the impression that it leaves is overwhelming. The advanced infrastructure, the interior design, and the technical equipment found in the residential complex provide for maximum comfort for anyone who lives or stays there. There you will find swimming pools, a SPA center, saunas, sun terraces, and panoramic windows with the views of Burj district.
If you would like to purchase an elite apartment in Dubai and qualify for a 3- or 10-year legal residence permit in the country, please contact us today. We provide professional assistance to investors in real property located in foreign countries. We have a great number of interesting offers and the UAE is not the only country where you can invest! Supply your email address below and we will get back to you shortly.
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General information about the development project
Paramount Hotels & Resorts Company in association with DAMAC Properties launched the construction project in 2013. The four Hollywood-style towers are located at the business center of Dubai. They are connected by several passages that contain everything that you need for comfort and recreation: bars, restaurants, cafes, and other facilities.
This is one of the most comfortable buildings in the UAE. Besides, it is an attractive investment object that can bring you a stable passive income. Many foreign investors have been attracted by this factor because the return on investment is up to 8% per year. In addition to that, the investment can make you qualified for a three-year or a ten-year residence permit in the UAE depending on how much money you are prepared to spend on the apartment.
DAMAC Paramount Towers has the following facilities:
- Free car park;
- High-speed elevators;
- Fully furnished apartments of different sizes;
- A gym;
- A conference hall for business meetings and celebrations;
- Many facilities for relaxation: swimming pools, Jacuzzis, whirlpool tubs, etc.;
- Children’s playgrounds;
- Round-the-clock video surveillance and security;
- 24/7 concierge service.
The property really resembles Hollywood in some ways. There you will find everything that you need for living and working. Every single detail is well thought out.
Please contact us and request our assistance in purchasing real estate in Dubai. We will also be happy to provide a free consultation to you on opening a foreign bank account.
The infrastructure of DAMAC Towers by Paramount Hotels & Resorts Dubai
DAMAC Paramount Tower Hotel & Residences Dubai is a modern residential complex in Sheikh Zayed Road in Business Bay district surrounded by various tourist attractions. The part of the Emirate has all the business and entertainment facilities that you may need as well as numerous shopping centers.
Everything required for a comfortable life is located within a walking distance from DAMAC Paramount Tower Hotel & Residences Dubai. The panoramic windows open onto Palm Jumeirah, Worlds Islands, and Burj-Al-Arab.
Restaurants, bars, cafes:
- You will find 8 restaurants in the DAMAC Paramount Towers on different floors.
- As far as the Business Bay area is concerned, there you will find an Asian cuisine restaurant Fuchsia Urban Thai as well as a restaurant with Taiwanese and Chinese cuisine called Taipei Dao. Besides, there are two restaurants in the neighboring Gulf Court hotel: Naisa Oriental Restaurant and La Serre, a French restaurant.
Supermarkets and food stores:
- West Zone Supermarket
- Carrefour
- Spinneys.
Popular tourist attractions in proximity to DAMAC Towers by Paramount Hotels & Resorts Dubai:
- The famous Dubai Mall is within a 6-minute drive from the residential complex. There you will find the Dubai Fountain, the world-renown aquarium, the VR Park, and many other interesting things.
- Burj Khalifa – the tallest building in the world – is 4 kilometers away.
- It will take you 10-15 minutes to get to the Dubai opera house.
Kindergartens and educational institutions:
Your children can attend the following kindergartens if you choose to relocate to the UAE with your family after purchasing an apartment in the residential complex that we are advertising here:
- Hummingbird Nursery;
- Maple Bear Preschool;
- Blossoms Nursery;
- Canadian Kids Nursery.
International schools located close to DAMAC Towers by Paramount Hotels:
- Jumeirah English Speaking School;
- Safa British School;
- Dubai International School;
- Towheed Iranian Boys School;
- Global Indian International School (GIIS);
- GEMS Our Own Indian School.
Hospitals close to DAMAC Towers by Paramount Hotels:
- Emirates Hospital.
- Medcare Hospital.
The area is easily accessible by roads. The residents of DAMAC Towers by Paramount Hotels & Resorts Dubai can drive to the eastern part of the Emirates along Al Abraj Street and then Ras Al Khor highway.
There are also public transport stops nearby DAMAC Towers by Paramount Hotels & Resorts Dubai. Two subway stations are also in close proximity: the Business Bay station and the Financial Centre station in downtown Dubai.
Please take a look at other residential and hotel complexes erected by Damac Properties in Dubai. If you have any questions related to the opportunity to invest into these complexes, please contact us without any hesitation.
Review of DAMAC Towers by Paramount Hotels & Resorts Dubai
If you would like to purchase a fully equipped and fully furnished apartment in Dubai at the developer’s price, you should certainly give an eye to DAMAC Towers by Paramount Hotels & Resorts. It’s a must-see place without doubt.
The elite residential complex offers literally everything that you might desire. You could even live there non-stop, without ever leaving the complex! Are you hungry? You have a choice of restaurants. Do you want to work out or get some exercise? There’s a gym and a couple of swimming pools in the building. Would you like to buy a certain household item? There are shopping centers right there. Would you like to relax? There’s a SPA salon and saunas…
The complex of four towers linked by several passages has a unique design. It allows feeling comfortable and self-sufficient no matter how long you are staying there.
Residential complex facilities
The complex infrastructure comes up to the highest international standards:
- Round-the-clock security and video surveillance;
- 8 restaurants, bars, and cafes;
- A covered parking area – free for the residents;
- A basement;
- Fine swimming pools for children and adults;
- A large lobby;
- A SPA center;
- A prayer area;
- A cleaner’s and a dryer’s;
- A children’s playground;
- Concierge services and many other things.
You can buy a studio apartment, a 1- or a 2- or a 3-bedroom apartment in the residential complex. The apartment areas vary between 59 and 162 sq. meters. Naturally, the price of the apartment depends on its area. The lowest price is US$ 430,000. Our experts and partners in the UAE will gladly help you strike the best deal.
The residential complex was completed in 2019 and many apartments have already been sold. However, a few apartments are still available and purchasing one can become the first step towards your relocation to the United Arab Emirates! Don’t postpone purchasing elite residential accommodations in Dubai with our experts’ support!
The complex interior design
It’s great fun walking from one tower to another through the corridors (or tunnels) and finding all sorts of recreational facilities all over the place: lounge areas, party areas, sports facilities, large swimming pools, cafes, and shops.
- All apartments are fully furnished.
- The kitchens are equipped with home appliances from world-famous manufacturers.
- The interiors are highly elegant and only ecologically friendly materials have been used to decorate the space.
- Panoramic windows open onto fantastic views of Dubai.
We’d like to note that Damac Properties also builds commercial and recreational facilities not only in the UAE but also in other countries.
Business Bay district
Business Bay is an elite district of Dubai located close to the Dubai Water Canal. The business center of the Emirate is often compared to Manhattan in New York. There you will find numerous residential and commercial complexes.
Business Bay is a high-end multifunctional district with luxury hotels, elite residential buildings, administrative buildings as well as ponds, lakes, fountains, canals, parks, and gardens. Many places of interest are in close proximity to the district including the famous Burj Khalifa.
Distance from the complex to the main places of interest in Dubai:
- 10 minutes – Burj Khalifa
- 45 minutes – Dubai Mall
- 18 minutes – Jumeirah Beach
- 25 minutes – Burj Al Arab
- 19 minutes – Dubai airport
- 15 minutes –Meydan golf court
Apartments in DAMAC Towers
If you are interested in becoming the owner of an apartment in a fantastic building in Dubai, you can choose from the following types of apartments:
- A studio apartment, 59 sq.m. – US$ 430,000
- A one-bedroom apartment, 98 sq.m. – US$ 562,000
- A two-bedroom apartment, 141 sq.m. – US$ 764,000
- A three-bedroom apartment, 162 sq.m. – US$ 840,500
We will gladly provide professional support to you at all stages of purchasing real property in the United Arab Emirates. Besides, we will be happy to offer you other services that include opening a bank account in the UAE, registering a business company there, and acquiring legal residence in the country in exchange for investments.
Economic benefits of purchasing an apartment in Dubai
Why do so many foreign investors purchase property in the United Arab Emirates and relocate there? There are multiple reasons for that. First, the country remains neutral in all geopolitical conflicts that regularly take place these days, unfortunately. Second, the jurisdiction is economically attractive for foreign businesspeople.
Other positive characteristics that the UAE boasts include the following ones:
- Friendliness of the local people;
- Access to international educational institutions;
- Opportunities to integrate foreign business ventures with the UAE economy;
- High level of security;
- Fantastic climatic conditions and many other things.
If you are after acquiring a source of passive income by purchasing an apartment in DAMAC Towers by Paramount Hotels & Resorts Dubai, you will be pleased to know that the demand for rental property has been rapidly growing in Dubai over the last few years. The annual rent for an apartment in Business Bay area is as follows:
- One-bedroom apartment – from 20,419 USD;
- Two-bedroom apartment – from 29,948 USD;
- Three-bedroom apartment – from 46,283 USD.
According to the experts, the annual return on investment in an apartment in DAMAC Towers by Paramount Hotels & Resorts Dubai is from 4% to 8%. Thus, you can have a nice passive income if you own property in Dubai.
You can be certain that there will always be somebody who wants to rent your apartment in DAMAC Towers. After some time, you are likely to be offered a much higher price for your apartment if you want to sell it.
How you can purchase an elite apartment in DAMAC Towers by Paramount Hotels & Resorts Dubai in a fast and safe manner
You can purchase an apartment in DAMAC Towers by Paramount Hotels & Resorts Dubai by contacting a realtor or by applying for our professional support in the matter. We daresay that the latter option is more attractive because you will not have to overpay and you can use some other services that we offer such as opening a bank account in the UAE, for example.
Why you should consider applying for our assistance:
- We are not a real estate agency. Rather, we have direct contacts with the building owner.
- We will be happy to advise you on all immigration, corporate, and banking opportunities available in Dubai if purchasing an apartment there is not the only thing that you would like to consider.
- You can analyze all the information related to the residential complex and the particular apartment PRIOR to purchasing it. You can take a close look at the property and make a balanced decision afterwards.
- We also have some alternative offers for you. Choose the Emirate and the price range and we will certainly find something that will be of interest to you! Would you like to buy property in some other country? We can help with that too!
- If you would like to acquire an investor visa to the UAE, we can also be of assistance to you.
If you are interested in purchasing elite property in Dubai at the developer’s price, please contact us at any time you like and we will get back to you shortly. Enhance your lifestyle with our assistance!
