REEMAH ELITE
D
ReadyBranded Residences

DAMAC Towers by Paramount Hotels & Resorts

Business Bay · Dubai — by DAMAC Properties
Price from
AED 1.1M – AED 4.5M
Bedrooms
Studio–3BR
Handover
Ready
Price / sqft
~6% yield

This four-tower complex, launched in 2013, paired DAMAC's Business Bay land bank with Paramount's entertainment branding, delivering from 2019. One tower operates as a hotel while the rest are residential, with shared themed amenities. Compact branded units perform strongly in the short-stay market given the Downtown-adjacent location.

Why it makes lists
  • Four-tower cluster branded with Paramount Hotels & Resorts
  • Hollywood-themed amenities and hotel tower within the complex
  • High short-let demand on the Downtown fringe
Payment structure
Ready — mortgage/cash
Booking / down payment20% · AED 220,000
On handover80% · AED 880,000

Completed branded cluster; 20–25% down with a UAE mortgage. Figures shown against the entry price; confirm the current schedule with our desk.

DLD fee (4%)
AED 44,000
Trustee + admin
≈ AED 4,500
All-in entry estimate
AED 268,500
DA
DAMAC Properties
Tier 1 developer · 43,000+ units delivered across the Middle East · since 2002
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