Apartment for Sale in Business Bay by Damac

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Ready to Move

Paramount Tower Hotel & Residences

developer logoDAMAC Properties
Paramount Tower Hotel & Residences, Business Bay, Dubai
Apartment
100% Completed

About Property

Welcome to Paramount Tower Hotel & Residences, Dubai

Experience luxury at its finest at our iconic hotel and residential tower, conveniently located near Sheikh Zayed Highway. Whether you're looking for a high-class hotel room or a spacious residential apartment, we offer the perfect blend of Hollywood-style luxury and Paramount standard amenities.

Our hotel rooms, located on floors 15 to 25, are meticulously furnished in a Hollywood style, offering a successful and fully controlled investment opportunity in the Dubai hotel business. Meanwhile, floors 26 to 63 boast luxury residences that combine home comfort with Paramount standard amenities and services, should you desire them. Our spacious residential apartments offer the highest level of fashionable yet comfortable living, all set against a picturesque backdrop.

As a guest or resident, you'll have access to many amenities that create an unforgettable experience. From our shared pool and spa to our 24/7 concierge service and top-notch security, we've thought of everything to ensure your stay is truly exceptional. And don't forget to take in the breathtaking views from our panoramic rooftop pool, adding the perfect touch to your Dubai experience.

Prices for our exquisite residences at Paramount Tower Hotel & Residences range from 2,606,100 AED to 2,621,850 AED, making it an investment opportunity not to be missed. Come and experience luxury living at its best in the heart of Business Bay, Dubai.

Is This Home Your Lifestyle Match?

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Amenities

Shared Pool
Shared Pool
Shared SPA
Shared SPA
Lobby
Lobby
Concierge Service
Concierge Service
Security
Security

Nearby

Metro Station

R26 - Business Bay
R25 - Burj Khalifa / Dubai Mall

Location

Paramount Tower Hotel & Residences, Business Bay, Dubai

Expected ROI

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Layouts and Prices

Transaction History

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Payment Plans

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Photos

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Finishing examples
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Overview

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
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From$703,647.00
Book At$140,729.00