Studio Apartment in Towers By Paramount, Business Bay

This ready studio at Damac Towers by Paramount Hotels & Resorts offers 451 sq ft in Business Bay, priced from AED 1,135,050 (about AED 2,517 per sq ft).

Damac Towers by Paramount Hotels & Resorts is a four-tower Damac Properties development in Business Bay linked by a multi-level plaza, with apartments and hotel apartments under the Paramount brand, managed by Damac Maison with an optional rental pool. The Dubai Land Department lists it as Damac Towers By Paramount, project 443, with 2,041 units across residential and hotel-apartment components, completed in Q4 2018. It was handed over in October 2018. Residents have shared pools, a spa with steam and sauna, a gym, a children's pool and play area, a kids' club, a screening room, meeting and event spaces, restaurants and retail, with concierge, housekeeping, valet parking and a shuttle service.

The towers look towards Burj Khalifa, the Dubai Canal and Meydan, with a metro station and supermarkets nearby.

The studio suits investors who want a ready, Paramount-branded unit that can join a managed rental pool.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 2,517 per sq ft, this unit is around 4% above that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and current market conditions.

Is Damac Towers by Paramount ready to move in? Yes. The Dubai Land Department lists the project as finished, with completion in Q4 2018. Contact Platinum Square for current availability and viewings.