Apartment for Sale in Business Bay by Damac

Property image 1
Property image 2
Property image 3
Property image 4
Property image 5
Ready to Move

Towers By Paramount

developer logoDAMAC Properties
Towers By Paramount , Business Bay, Dubai
Apartment
100% Completed

About Property

Welcome to DAMAC Towers by Paramount Hotels & Resorts

Experience the unique blend of California cool and Hollywood glamour at DAMAC Towers by Paramount Hotels & Resorts. Located in the iconic Business Bay neighborhood of Dubai, this four-tower development offers luxury apartments and a hotel, all designed with the sleek, studio-feel interior theme inspired by the iconic studios.

Each of the three towers is home to 1,200 luxury apartments, while the fourth tower is the setting for a hotel, directed by Paramount Hotels & Resorts. Residents and guests alike can enjoy a wealth of luxurious amenities, including a stunning podium-set swimming pool, with a huge sun deck and panoramic views of the Burj area.

Location

Located in the heart of Business Bay, DAMAC Towers by Paramount Hotels & Resorts offers easy access to the city’s most exciting retail and F&B experiences. From dining and shopping to entertainment and more, everything you need is just moments away.

Amenities

  • Shared Pool
  • Concierge Service
  • Covered Parking
  • Shared SPA
  • Security
  • Broadband Internet
  • Kids Play Area
  • Lobby
  • Central A/C & Heating

Price Range

Experience luxury living at DAMAC Towers by Paramount Hotels & Resorts with apartments available in the price range of 1,980,000 AED to 3,993,000 AED.

Is This Home Your Lifestyle Match?

Check your compatibility with this property and see if it fits your lifestyle requirements! Tap the button to find out now.

Amenities

Central A/C & Heating
Central A/C & Heating
Kids Play Area
Kids Play Area
Shared Pool
Shared Pool
Covered Parking
Covered Parking
Broadband Internet
Broadband Internet
Shared SPA
Shared SPA
Lobby
Lobby
Concierge Service
Concierge Service
Security
Security

Nearby

School

Dubai Institute of Design and Innovation

Location

Towers By Paramount , Business Bay, Dubai

Expected ROI

Want to see the expected return on investment? Login to see the details.

Layouts and Prices

Transaction History

See how this property's price has changed over time to get a better sense of its current worth.

Payment Plans

Simplify Dubai Property Ownership with Kyna

Express Your Interest

We carefully review your inquiry and start the booking process

Easy Booking

Skip the middleman, connect you directly for developer bookings

Your Joy Begins!

Celebrate! Enjoy your new home, a reflection of your aspirations

Photos

Kyna Property 0
10
Overview
Kyna Property 1
11
Finishing examples
Kyna Property 2
7
Houses

Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
Show All FAQ
From$534,600.00
Book At$106,920.00