Paramount Tower Hotel and ResidencesBusiness Bay
936,138 AEDmarket
1,800 AED/ft²
Delivered: Q1 2022
Completed
Paramount Tower Hotel and Residences
Business Bay
Studio, 1 - 3 BedsApartment
Launch price
1,000,000 AED
Booking
20%
Booking
Construction
30%
Construction
Handover
10%
Handover
Local Information
-- to
Description
Paramount Tower Hotel & Residences offers apartments for sale in Business Bay, Dubai. This 64-storey tower by DAMAC Properties features 493 apartments and 296 hotel apartments. The project was completed in 2022, combining luxury residences with a hotel component. Floors 15 to 25 house hotel rooms, while residential units are located from floors 26 to 63. The development provides studios, one, two, and three-bedroom configurations. Located on Sheikh Zayed Road, it offers proximity to the Business Bay metro station. Nearby attractions include the Burj Khalifa, The Dubai Mall, and Dubai Opera. The tower includes a rooftop infinity pool and a fitness and wellness center.
Price Analysis for Paramount Tower Hotel and Residences
Apartment
Studio
7%
6 units
466 – 691 ft²
No market history available yet
Starting price
1.00M
1,938 /ft²
Current price
936K
1,800 /ft²
Every bedroom
priced differently.
All chartsLaunch curvesLive comparables
Price History for Paramount Tower Hotel and Residences
| Date | Price | Type | Beds | |||
|---|---|---|---|---|---|---|
| 24 Feb 2026 | 1,295,000 | Hotel Apartment | Studio | 520 ft² | — | 2,490 |
| 19 Feb 2026 | 821,443 | Hotel Apartment | Studio | 520 ft² | — | 1,580 |
24 Feb 2026
1,295,000
StudioHotel Apartment
520 ft²
—
2,490
19 Feb 2026
821,443
StudioHotel Apartment
520 ft²
—
1,580
A little more context
changes the read.
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Showing 2 most recent sales transactions
What's Available for Paramount Tower Hotel and Residences
| Unit # | Type | Beds | From | Built-up | Int. Area | Ext. Area | Floor |
|---|---|---|---|---|---|---|---|
No units to display | |||||||
No units to display
Price Trends
For units in Business Bay
Comparable Buildings in Business Bay
Assigned Schools
Affordability
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FAQ
Paramount Tower Hotel and Residences is located in Business Bay, a designated freehold area that allows foreign nationals to hold full property ownership. This central district is characterized by its mix of high-rise commercial and residential developments, offering proximity to Downtown Dubai and the Dubai Canal.
The project is well-suited for investors and professionals who prioritize proximity to major commercial hubs and the lifestyle appeal of a branded residence. Its location in Business Bay attracts tenants looking for modern, high-rise living with convenient access to the city's primary business and leisure districts.
The building features a distinctive Hollywood-inspired design theme integrated into its residential and hotel facilities. Residents have access to a podium-level swimming pool, fitness centers, and various dining options that reflect the project's collaboration with Paramount Hotels & Resorts.
The building is located near the Burj Khalifa Metro Station, which provides access to the Dubai Metro network. This station is within walking distance, facilitating connectivity to other parts of the city.
