ReadyBranded Residences
DAMAC Towers by Paramount Hotels & Resorts
Business Bay · Dubai · by DAMAC Properties
Details are indicative, confirm with our desk before transacting
Price from
AED 1.1M
to AED 4.5M
Bedrooms
Studio-3BR
Branded Residences
Handover
Ready
Ready
Est. gross yield
6%
indicative
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 the list
- 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
Modelled on entry price AED 1.1M
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 live schedule with our desk. Indicative, not financial advice.
Cost to entry
What it takes to secure a unit at DAMAC Towers by Paramount Hotels & Resorts: the down payment plus government and trustee costs, before the mortgage question.
Down payment20%
AED 220,000
DLD fee4%
AED 44,000
Trustee + adminfixed
≈ AED 4,500
All-in entry estimate
AED 268,500
Down payment 20% + DLD 4% + trustee. Indicative, not financial advice.
DA
Developer
DAMAC Properties
Tier 1 developer · 43,000+ units delivered across the Middle East · since 2002
Same set · Dubai
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