Paramount Tower Hotel and Residences
in Dubai

Price / ft2
from ‍2 111 AED $570
Address
30/1, Happiness Street

Layouts and prices for Paramount Tower Hotel and Residences

Prices and availability are current from 27 August 2021
Studios520–521 ft2from ‍2 217 AED / ft2 $600from ‍1 152 900 AED $313 970
1BR844–1 055 ft2from ‍2 111 AED / ft2 $570from ‍1 781 851 AED $485 250

Paramount Tower Hotel and Residences on the map of Dubai

30/1, Happiness Street

Development status

Tower 1
built
for sale
completed4 quarter 2021

Ways to buy an apartment in Paramount Tower Hotel and Residences

Escrow

Project #1665
Account NamePARAMOUNT TOWER HOTEL & RESIDENCES
DeveloperNAMAA PROPERTIES DEVELOPMENT L.L.C
Registration Date21/06/2015 
Completion Date30/06/2021
Escrow #1001698784
Bank DetailsCOMMERCIAL BANK OF DUBAI (PSC)

Payment Plan

INSTALLMENTMILESTONEPAYMENT(%)
DEPOSITOn Booking 10% (+4%DLD Fee)
1st INSTALLMENTWithin 90 Days Of Sale Date7.5%
2nd INSTALLMENTWithin 180 Days Of Sale Date7.5%
3rd INSTALLMENTWithin 270 Days Of Sale Date7.5%
4th INSTALLMENTWithin 360 Days Of Sale Date7.5%
5th INSTALLMENTWithin 450 Days Of Sale Date11.5%
6th INSTALLMENTWithin 540 Days Of Sale Date11.5%
7th INSTALLMENTWithin 630 Days Of Sale Date11.5%
8th INSTALLMENTWithin 720 Days Of Sale Date11.5%
9th INSTALLMENTWithin 810 Days Of Sale Date3.5%
10th INSTALLMENTWithin 900 Days Of Sale Date3.5%
11th INSTALLMENTWithin 990 Days Of Sale Date3.5%
12th INSTALLMENTWithin 1080 Days Of Sale Date3.5%

 

Project attributes

About the building

🟧 AmenitiesElegant lobby, Steam room, Sauna, Spa, Balcony, Built in Wardrobes, BBQ area, Central A/C
🟧 Available ServicesConcierge service
🟧 Height ClassificationHigh-rise
🟧 Kid’s FacilitiesKids Studio Club, Kids play area
🟧 Number of buildings1
🟧 Number of floors 3B+G+11P+4A+49+R
🟧 OffplanNo
🟧 ParkingAllocated Parking
🟧 Project №1665
🟧 Property TypeApartment
🟧 Quality ClassificationLuxury
🟧 Security24 Hour Security
🟧 Sports FacilitiesGym
🟧 Swimming PoolRooftop infinity pool, Kids pool
🟧 Title TypeFreehold

About the units

🟧 Apartment area514–1644 sq ft
🟧 Fully furnishedNo
🟧 Maid's roomNo
🟧 Number of units867

Information about the project

Where is Paramount Tower Hotel and Residences located?

Paramount Tower Hotel and Residences makes an awe-inspiring addition to Dubai’s astounding skyline, offering views of the Burj area, the Palms, the World Islands, and the famous Burj Al Arab. Rising by Sheikh Zayed Road, the new complex is placed within easy reach of some of the city’s most well-known attractions, including the Dubai Mall, the Dubai Fountain, Dubai Opera, and Dubai Aquarium & Underwater Zoo, making sure that residents have a wealth of options to explore during their weekends. Additionally, Paramount Tower Hotel and Residences is located close to two metro stations, while Dubai International Airport is only a 15-minute drive away.

What is around the corner?

  • Nurseries/Education: Maple Bear Pre School, Dubai (7 min), Kids First Group (6 min), Jumeirah International Nursery (7 min), Learning Tree Nursery (5 min), Blossom Downtown Nursery Dubai (8 min), Lycée français Jean Mermoz (7 min)
  • Shopping: Choithrams - Bay Avenue (4 min), West Zone Fresh Supermarket (2 min), Spinneys (4 min), The Dubai Mall (8 min), Mazaya Shopping Centre (11 min), Souk Al Bahar (12 min)
  • Medical Facilities: Emirates Hospital Clinics - Business Bay (4 min), Medcare Orthopaedic & Spine Hospital (7 min), Medcare Hospital Al Safa (8 min), Al Badaa Health Center (8 min), Aster Clinic, Business Bay (6 min), Smart Salem Medical Fitness Center (8 min)
  • Café/Restaurants: Zahr EL Rouman (1 min), Rossovivo (1 min), Miss Tess (5 min), Treehouse (5 min), The Eloquent Elephant (5 min), KFC Bay Avenue (3 min)
  • Entertainment: Desert Safari Dubai (1 min), Dubai Opera (7 min), Dubai Aquarium & Underwater Zoo (7 min), Dubai Ice Rink (7 min), Reel Cinemas (6 min), Kidzania (7 min)
  • Others: Burj Khalifa (7 min), The Dubai Fountain (12 min), The Green Planet (9 min), Emirates Towers (7 min)

What are the project features?

Reaching over 258 metres in height, Paramount Tower Hotel and Residences is spread across 63 storeys. The slim silhouette creates a recognizable form in the iconic Dubai skyline. The new landmark tower boasts an ultramodern façade, which glows with its extensive glazing, providing an abundance of enormous floor-to-ceiling windows that flood the living areas with ample natural light. Additionally, Paramount Tower Hotel and Residences is topped with a roof terrace, which accommodates an infinity pool.

Which amenities are on the territory?

Paramount Tower Hotel and Residences provides a collection of world-class amenities for its residents. The complex includes wonderful meeting and events facilities that reflect the building’s affluent tone. If you are up for some shopping therapy, Paramount Tower Hotel and Residences offers a premium selection of high-end retail outlets. To grab a bite and relax after your shopping spree, you can pop into one of the tower’s restaurants or lounges. Furthermore, the complex boasts a luxury spa, fitness, and wellness centre that helps residents lead a healthy lifestyle and sweat off some stress after a difficult day. Those who prefer more tranquil activities are welcomed to watch a film in a well-thought-out screening room, modelled after professional studios. The cherry on top is a marvellous roof terrace that takes advantage of the building’s impressive height and lets residents enjoy breathtaking views of the Burj area while taking a dip in an infinity pool.

What kind of transportation is around?

  • Bus stop: 7, 91, F14, F19A, F19B, F41, X22 (13 min)
  • Metro Line: MRed (12 min)
  • Road Access: Sheikh Zayed Road
  • Airport: Dubai International Airport (15 min), Al Maktoum International Airport (35 min)
  • Heliport: Heli Pad AHC (6 min), Helipad (3 min)
  • Car Rental: SEL Car Rental LLC (17 min), Dubai Oasis Rent A Car L.L.C (18 min), Prox Car Rental - Business Bay Branch (16 min), Hawaii Rent a Car (22 min)
  • Bicycle Rental: Smart Bike (18 min), Byky (18 min), Careem Bike Station (13 min)
  • Others: Alwajeha Al Maeyah Marine Transport Station (7 min), Lavish Yacht Rental Dubai (5 min), Cozmo Yachts (5 min)

What type of units are for sale?

Paramount Tower Hotel and Residences offers 867 luxury units that occupy floors 26 to 63, while floors 15 to 25 are home to a collection of high-end hotel rooms. All homes benefit from an abundance of natural light flowing through large floor-to-ceiling windows as well as panoramic views of Dubai’s most iconic attractions. The Hollywood glamour finds its reflection in Paramount Tower Hotel and Residences’ design.

About DAMAC Properties

Paramount Tower Hotel and Residences is a project of DAMAC Properties, a Dubai-based property development company established in 2002. Known for its ambitious projects, the developer is committed to delivering luxury properties of superb quality all over the world. With a proven track record in large-scale development, the company’s grand portfolio includes projects such as DAMAC Tower, DAMAC Heights, Reva Residences, and Merano Tower, to name just a few.

For more details on Paramount Tower Hotel and Residences, please visit the official website of the developer.

Other websites about the project

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Which apartments are available for sale in Paramount Tower Hotel and Residences in Dubai?

For sale are studios, 1br.

How much does a sq ft cost in Paramount Tower Hotel and Residences?

The price per sq ft in this complex starts from 2111 AED.

How to buy an apartment in Paramount Tower Hotel and Residences in Dubai?

In this complex you can buy apartments with a Payment Plan.

When will Paramount Tower Hotel and Residences be commissioned?

Tower 1 – built.