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Paramount Tower Hotel and Residences is a luxurious architectural masterpiece that seamlessly blends modern design with breathtaking luxury. Developed and launched by the real estate and investment company Damac, it offers an unparalleled experience of residential hospitality, integrating global services within the hotel.
The hotel boasts an ideal location at the heart of Sheikh Zayed Street, a prestigious location in Dubai, making it the perfect destination for both business and leisure travelers. With its towering height and distinctive design, the hotel stands out, offering a variety of rooms and suites characterized by modern and luxurious design, high-quality amenities, and captivating views of Dubai.
Paramount Tower Hotel and Residences offers an unprecedented range of facilities and services, ensuring a luxurious and enjoyable experience for guests. The hotel features an upscale restaurant serving delicious cuisine from around the world, elegant cafes, and comfortable lounges for relaxation and enjoyment of delightful beverages.
Location of Paramount Tower Hotel and Residences
Paramount Tower Hotel & Residences location stands as a beacon of luxury and exclusivity in the heart of Dubai, strategically positioned on Sheikh Zayed Road. This prime location offers unparalleled access to some of Dubai’s most prominent landmarks and business hubs, making it an enviable address for both residents and visitors.
The strategic placement of Paramount Tower Hotel & Residences allows for easy access to Dubai’s vibrant business districts such as Business Bay and the Dubai International Financial Centre (DIFC), which are both just a short drive away. This proximity makes it ideal for business professionals who seek a luxurious yet convenient lifestyle close to their workplace.
For those who revel in retail and entertainment, the location is nothing short of perfect. The tower is only minutes away from the world-renowned Dubai Mall and the spectacular Burj Khalifa, offering endless options for shopping, dining, and leisure activities. Additionally, the Dubai Opera and various art galleries in the vicinity provide cultural experiences at your doorstep.
Transport connectivity is another significant advantage of the Paramount Tower Hotel & Residences location. The presence of the Dubai Metro and the ease of accessing major highways such as Sheikh Zayed Road ensure that residents and guests can effortlessly traverse Dubai and beyond, whether it’s for daily commutes or leisurely explorations.
Moreover, for families considering making Paramount Tower Hotel & Residences their home, the location is also convenient for access to several reputed educational institutions and healthcare facilities, ensuring every family member’s needs are catered to without the need to travel far.
In essence, the location of Paramount Tower Hotel & Residences is a perfect blend of convenience, luxury, and connectivity, making it an ideal choice for those looking to invest in a prestigious property in Dubai. Whether you’re a business professional, a culture enthusiast, or someone seeking a dynamic urban lifestyle, this location provides a gateway to the best that Dubai has to offer.
Damac chose the prime location of Paramount Tower Hotel and Residences on Sheikh Zayed Street in Dubai. This hotel is part of the Paramount Tower Hotel and Residences, a luxurious development that includes premium serviced apartments along with the hotel, creating a fully integrated living experience.
The project’s central location on Sheikh Zayed Street, one of Dubai’s major commercial and tourist areas, provides easy access to key attractions and entertainment services in the Emirates.
Notable nearby landmarks include direct views of the Burj area, proximity to the iconic Burj Khalifa, a few minutes walk to Dubai Mall, one of the world’s largest shopping centers, and adjacency to the Global Village entertainment destination.
Design of Project
The design of Paramount Tower Hotel and Residences reflects global luxury and sophistication, consistent with the high standards of residential projects in Dubai.
Glass and steel were used as primary materials, achieving an exterior elegance with intricate architectural details that create a unique and captivating project.
The hotel, spanning 92 floors, offers a variety of amenities, including a luxurious pool with breathtaking views of Dubai, a lavish lobby, and highly trained reception staff.
The rooms and suites are designed with modern luxury, featuring luxurious furniture, premium fabrics, and meticulous details for a comfortable and elegant atmosphere.
Space of Paramount Tower Hotel and Residences
Damac utilized the vast space of Paramount Tower Hotel and Residences to create a unique and unparalleled experience. Only 15% of the space is allocated for the hotel, facilities, and infrastructure, all constructed to the highest global quality standards.
The remaining 85% of the space is dedicated to enhancing the hotel’s aesthetic appeal, featuring extensive green spaces, including gardens, expansive parks, safe paths for sports activities such as walking or cycling, designated areas for reading, family gatherings, and distinctive barbecue events, all complemented by a private hotel beach.
Types and Unit Sizes in the Project
The hotel offers a diverse range of luxurious residential units due to its vast space and global architectural design. The careful allocation and professional use of every square foot are evident in the unit types and sizes:
- 92 floors in the hotel.
- 829 hotel residential units for the elite community.
- Unit sizes start from 997 square feet.
- Units consist of one, two, or three rooms, depending on the size.
- The hotel includes luxury residential apartments.
- Pictorial investment rooms are located on floors 15 to 39.
- From floor 39 to the top, luxury apartments and private suites are available.
- Studio units with an area of 517 square feet.
- One-bedroom apartments range from 855 to 1022 square feet.
- Different spaces on the lower floors for commercial and medical activities.
Services of Paramount Tower Hotel and Residences
Paramount Tower Hotel and Residences is a luxurious hotel project, and the development company has prioritized offering a wide range of services to its customers.
These services have been implemented to the highest international quality standards by Damac Real Estate to ensure the provision of all comforts and recreational amenities for customers. Some of the key services provided by the company include:
- Luxurious Hotel Units: Paramount Tower Hotel and Residences offers imaginative hotel units designed to the highest standards of quality and comfort, featuring luxurious furniture and modern amenities.
- Medical and Educational Services: Damac Real Estate provides comprehensive medical and educational services, making the hotel a fully integrated service community.
- World-Class Customer Service: The hotel provides world-class customer service with a specialized team of staff dedicated to meeting the needs of guests and ensuring an exceptional stay experience.
- Diverse Dining Options: The project includes a variety of restaurants and cafes offering delicious international and local dishes, allowing guests to enjoy a fine dining experience in sophisticated and comfortable surroundings.
- Conference Facilities: Paramount Tower Hotel and Residences provides fully equipped meeting and conference facilities that can be used for meetings and special events, including high-quality audio and visual equipment.
- Health and Wellness Center: The hotel features a modern and fully equipped health center offering a wide range of medical treatments and services.
- Fitness Center: There is a sports gym equipped to meet the needs of customers.
- 24-Hour Room Service: The hotel offers 24-hour room service, allowing customers to order food, beverages, and other services directly to their rooms via phone.
- Transportation Services: The hotel can arrange transportation to and from the airport and nearby tourist sites, using either private cars or taxis.
- 24-Hour Security Services: Paramount Tower Hotel and Residences ensures 24-hour security services, including surveillance and monitoring systems, guaranteeing customer privacy and the safety of their belongings.
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Prices of Units in Paramount Tower Hotel and Residences
Damac Real Estate has set competitive prices for owning hotel units within Paramount Tower Hotel and Residences.
However, specific prices are not disclosed as they depend on factors such as unit type, size, and floor location. The company has announced immediate payment prices for some units based on their area:
- A hotel unit consisting of one room with an area of 997 square feet is priced at AED 1,574,580.
- A two-bedroom hotel unit starting from 1120 square feet and reaching up to 1347 square feet is priced between AED 1,884,401 and AED 2,232,288.
- A unit with an area starting from 1583 square feet and reaching up to 1643 square feet is priced between AED 2,720,820 and AED 2,724,480.
Payment and Installment Systems
Damac Real Estate has designed easy and flexible payment systems and installment plans to accommodate the capabilities of all customers and investors:
- The customer pays the first installment of 20% of the total hotel unit price.
- During the first year, the customer pays the second installment, which covers 40% of the remaining amount.
- The third and final installment, covering the remaining 40%, is paid during the third year.
Real Estate Developer of the Project
Damac Real Estate, the mastermind behind the colossal Paramount Tower Hotel and Residences project, has provided it with a global appeal through strategic location, world-class designs, and hotel services tailored for both investors and the elite community. The project boasts competitive and attractive pricing along with compelling installment plans.
The success story of Damac Real Estate, an investment and real estate development company, commenced with the global rise of the United Arab Emirates. Since 2002, when the UAE leadership opened up real estate and freehold ownership to investors worldwide, Damac has been at the forefront of hospitality, commerce, and luxurious living.
The foundation of Damac Real Estate took place in Dubai, specifically in the prestigious area of Dubai Marina.
From that point forward, Damac has become an icon of monumental projects, introducing innovative designs and providing an elegant lifestyle surpassing global standards. This earned the company the trust of customers, who eagerly anticipated its new ventures offering golden investment opportunities in the UAE.
Damac Real Estate operates with advanced concepts and a precise futuristic vision, paying meticulous attention to the details of its projects. It aims to deliver residential units that clients value and take pride in, propelling Damac Real Estate to global recognition originating from the UAE. Throughout its journey,
Real Estate Developer’s Previous Projects
- Establishment of the Aknan Villas project.
- Launch of the upscale Ghalia Tower.
- Creation of the mesmerizing Celesta Apartments.
- Building the Oxygen district in Akoya.
Features of Paramount Tower Hotel and Residences
Paramount Tower Hotel and Residences is not just a luxurious hotel project; it also possesses rare investment features, including:
- Paramount Tower Hotel and Residences is a globally renowned brand in the entertainment and hospitality industry, providing a fantastic investment allure.
- The hotel is strategically located in the tourist hub of Dubai, chosen with the utmost care by Damac Real Estate to be close to major tourist attractions, business centers, and commercial hubs, enhancing customer attraction and increasing demand for hotel units.
- The hotel is managed by a specialized team of experienced professionals in the hospitality industry, who possess the knowledge and skills necessary to efficiently operate the hotel and achieve the highest levels of service and quality.
- The project offers a diverse range of hotel residential units, allowing investors to meet the needs of different clients, such as short-term rentals for families and business travelers.
