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DAMAC Towers, presented by the renowned real estate development company Paramount, specializes in creating large hotels and luxury resorts, always launching projects inspired by global architecture. DAMAC Towers were built inspired by the towers in Hollywood, to be a haven for the elite of society and those who love luxury living.
Overview of DAMAC Towers
The towers are distinguished by breathtaking views overlooking the luxurious Dubai Canal, and the Burj Khalifa can be seen directly as a backdrop to these upscale towers. The real estate developer has offered competitive prices and diverse spaces for luxury hotel apartments. DAMAC Real Estate also provides flexible and easy payment plans for unit owners.
It’s worth mentioning that DAMAC Towers are produced by DAMAC, a real estate development company, in collaboration with Paramount Engineering Design to design global resorts and luxury hotels. The towers boast a complete range of features, activities, and services to offer customers an integrated project.
DAMAC Towers Location
DAMAC Towers are located in the upscale Business Bay community within the Emirate of Dubai, which includes a wide range of well-known services. It’s a community that includes commercial, residential, and hotel facilities as well as entertainment options. The towers have a direct view of the green spaces, water lakes, artificial waterfalls, and lakes. DAMAC Towers also directly overlook Business Bay, adjacent to the famous Burj area. As for the important areas near DAMAC Towers, you’ll find the following:
- It’s close to the Burj Khalifa, which is considered the tallest tower in the world.
- There’s only a short distance between DAMAC Towers and Dubai International Airport, which is considered one of the world’s best flight connection hubs.
- It’s located in the Paramount Hotels area, designated for major luxury hotels.
- The towers are adjacent to exceptional entertainment options and numerous shopping centers.
- DAMAC Towers are also close to the downtown area, with prominent landmarks, making it close to major thoroughfares and main roads.
Design of DAMAC Towers
DAMAC Towers’ design is considered one of the most luxurious and sophisticated designs ever. It is a residential and hotel community in the heart of the elegant tower district in Dubai, consisting of several residential towers and one tower housing the renowned Paramount Hotel brand.
As for the other three towers, they were designed by the DAMAC Maison brand, known for creating contemporary suites that mimic the Californian lifestyle. These three towers have successfully brought the American way of life to Dubai, offering a wide range of studios and over a thousand services for their residents.
By providing a range of studios and over a thousand services, DAMAC Towers’ design is among the most luxurious designs in Dubai. The Paramount Hotel design features an exquisite lobby equipped with a coffee lover’s lounge and another lounge for chocolate enthusiasts of all kinds.
In addition, there’s a stunning reception area with digital walls stretching from floor to ceiling at a 390-degree angle. This makes the client feel like they are inside a time machine in one of Dubai’s most luxurious hotels.
All of this is achieved while maintaining privacy between the units and enjoying open green spaces decorated with fountains and dancing waterfalls, along with colorful lakes. This has made DAMAC Towers the most dazzling part of the Business Bay area in Dubai.
Space of DAMAC Towers
DAMAC, the real estate development company, has allocated enough space to build DAMAC Towers, which consist of three residential buildings and a large international hotel. They have also provided all the necessary services and recreational activities. These towers offer more than 1708 natural views all over the Emirate of Dubai.
Types and Unit Sizes within the Project
The spacious area played a significant role in the diversity of unit sizes within DAMAC apartments, which varied as follows:
- One-bedroom apartments start from 918 square feet and go up to 10,239 square feet.
- Two-bedroom apartments start from 10,323 square feet and go up to 10,823 square feet.
- Three-bedroom apartments start from 10,932 square feet and go up to 20,235 square feet.
- Studio units start from 251 square feet and go up to 937 square feet.
- Studio units of type C start from 932 square feet and go up to 10,585 square feet.
Services of DAMAC Towers
The development company has taken care of all essential and recreational services to provide customers with a luxurious hotel community that matches the elegance and charm of the place. They have offered outstanding services, including:
- A wide range of restaurants and café lounges offering delicious cuisine from around the world and various beverages.
- DAMAC Towers also features a collection of Paramount Hotels and Resorts retail stores, along with a large number of retail shops catering to resort life.
- Each of the four towers has a large lobby with reception staff to ensure a personalized experience using modern smart techniques.
- To maintain physical fitness, each tower has a dedicated fitness center offering special sports services, including sauna rooms, luxurious spas, and outstanding jacuzzi services.
- The security system has been entrusted to a major security company in Sweden, and the developer has not disclosed security measures due to their sensitivity.
- There are ample parking spaces for cars in an elegant and organized manner.
- Equipped game rooms for bowling and chess, as well as a large sports club for activities such as horseback riding, golf, tennis, and more.
- There is also a range of business and executive services offices equipped with everything needed for business meetings and events.
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Prices of Units in DAMAC Towers
DAMAC, the real estate development company, always strives to set prices that cater to the capabilities of customers, whether from within the UAE or for Arab and foreign investors. Despite DAMAC Towers being exceptional and offering a blend of hotel and residential living in California style, the prices are very reasonable.
For instance, the starting price for a unit with an area of 935 square feet is AED 919,000, while the prices for other unit types can be obtained by contacting the company for details. These prices depend on the location of the residential unit, the floor it’s on, and the specific tower. However, the company has promised to provide discounts for units purchased with immediate payment.
- The price for a one-bedroom residential unit, starting from 935 square feet and ending at 1,293 square feet, starts at AED 919,000 and goes up to AED 2,931,000.
- The price for a two-bedroom apartment with sizes ranging from 1,325 square feet to 2,079 square feet starts at AED 2,518,000 and goes up to AED 3,215,000.
- The price for a three-bedroom apartment starting from 1,729 square feet and ending at 2,533 square feet starts at AED 3,120,000 and goes up to AED 3,791,000.
Payment and Installment Systems in DAMAC Towers
DAMAC, the real estate development company, has introduced payment and installment systems that are highly competitive among the massive residential projects adjacent to these luxurious towers. The payment systems are as follows:
- The first installment requires the client to make a 10% down payment.
- The second installment comes in the first year, where the client pays 30% of the remaining total value of the residential unit.
- In the second year, the client makes the third installment, which amounts to 39% of the remaining value of the unit.
- In the third year, the client pays the fourth installment, which is 13% of the remaining amount.
- The installment amounts are variable and not fixed in an equal system.
- Some minor banking fees are added, but they are very low.
Overview of DAMAC Properties
DAMAC, the real estate development company, was founded in the United Arab Emirates in 2002. It has managed to embellish the UAE’s infrastructure with a range of massive and giant civil projects.
The company has risen to the top among the top ten real estate development companies in the UAE. It invests large sums of money in more than 127 modern projects in Dubai. The company has successfully delivered over 29,000 luxury residential apartments.
DAMAC still has a larger portfolio of projects to pursue, and this achievement owes much to the clear vision of the businessman Hussain Sajwani, the owner of the company, who played a fundamental role in its rapid ascent to this prestigious position.
DAMAC Properties is not just an Arab company offering projects in Arab countries and the UAE. It has expanded its activities to Saudi Arabia, Jordan, and Lebanon. Moreover, it has ventured into the United States. the United Kingdom, and Canada in a short period, offering a large portfolio of massive projects. Some of the noteworthy projects include:
- DAMAC Hills Dubai.
- DAMAC Icon Hotel.
- Fiora at Golf Verde.
- Rěva Heights Residences.
- Jewel Tower in Saudi Arabia.
- DAMAC Marina Tower in Qatar.
- DAMAC Icon London One in the UK.
Features of DAMAC Towers
- Cutting-edge contemporary designs that emulate Californian resorts.
- Green spaces and water features, including dancing waterfalls and fountains.
- A range of high-end hotel-standard services within DAMAC Towers.
- The opportunity to obtain Emirati citizenship by owning a residential unit in DAMAC Towers.
- Monthly additional income through leasing the residential unit within the towers.
- A sophisticated shopping experience blending global and local offerings.
- Diverse commercial buildings encompassing all kinds of luxury goods and products.
- The largest shopping center is surrounded by magnificent water fountains.
- Panoramic views of the Burj Khalifa directly.
- Varied unit sizes and competitive pricing beyond the norm.
