Apartment for sale in Damac Towers, Dubai, United Arab Emirates

£427,656 (£452/sq. ft)
1 1 947 sq. ft*
Interested in this property? Call +44 330 038 9578 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Damac Towers by Paramount :

Brings Hollywood Glamour to Middle East Living and Hospitality; Paramount Hotels and Resorts, the Official Licensee of Paramount Pictures, and damac Properties Launches the first Paramount-Branded Hotel in the Middle East - Five-Star Hotel and Branded Serviced Hotel Residences in Burj Khalifa Area, Dubai.

Project Name
Damac Towers by Paramount
Building Name
Tower A, B, D
Project Location
Burj Area; Dubai U.A.E
Property Type
1,2 and 3 bedrooms
Completion date: September 2018

Building Configuration
2B + G + 8 Podium + Health Club & spa + 65 floors )
Building Type
Hotel apartments

Unit Features:

Ø . Fitted Kitchen cabinets and countertops, refrigerator, washing machine with dryer option, hob & oven.

Ø . Balconies where ever applicable as per unit plan.

Ø . Wardrobes in bedrooms

Ø . Fully tiled bathrooms, en-suites and guest toilets, wherever applicable

Ø . Shower or bathtub with shower in master bathroom

Ø . Electrical shaver point with a mirror in the master bathroom

Ø . Vanity Units and mirrors

Ø . Centrally air-conditioned

Ø . Double glazed windows

Ø . E-vision and telephone connections

Ø . Provision for High-speed internet access

Ø . Ceramic floor tiling

Project Facilities:

Ø Furnished and serviced one, two and three bedroom suites

Ø Eight restaurants, bars, and lounges

Ø Retail outlets including a Paramount Hotels & Resorts boutique

Ø Wellness and fitness center.

Ø Grand lobby

Ø Steam room and sauna

Ø Kids Studio Club

Ø Luxury spa

Ø Meetings and events facilities

Ø Screening rooms modeled after the professional studios at Paramount

Ø Temperature-controlled swimming pool

Ø State-of-the-art gymnasium

Ø 24-hour valet parking service

Ø Ample parking space

Payment plan:

Deposit 34%
On completion 70%
Total 100% +4% Dubai land department fees

Estimated calculation

Investor @ 1 bedroom
price for 1 bedroom gbp 427,656
size of 1 bedroom .
Aprox. Annual service charge gbp 3704
guaranteed annual rental return gbp 34,212

Damac Towers by Paramount, a newly launched project of Damac Properties which is one of the largest private developers in the Middle East region, is a project comprising of four towers overlooking the Burj Area of Dubai and primarily located in the Business Bay District. It has a total of 540 key Paramount Hotel and Residences and around 1,000 elegant Serviced Hotel Residences as well.

The residents of the project will enjoy the stunning views of the tallest tower in the world, Burj Khalifa, and the so-called City within the City which is the Business Bay Development.

Each of the serviced apartments in Damac Towers is being managed by Damac Maison itself that provides high-end concierge services such as luxurious spa, kids club, fully fitted kitchens, unique rental pool scheme, and some in-room facilities. In addition, the towers meet at a multi-level plaza that offers the following: Themed food and beverage concepts; meeting and events facilities; a screening room; wellness and fitness centers; expansive swimming pools; and the 24-hour kids club retail and merchandise that particularly feature the Paramount brand.

Business Bay has been considered as the central business, commercial and residential area in Dubai. Having a total of 80 million square feet and ideally located in the heart of Dubai and served by two of the biggest traffic arteries in the Emirate: Al Khail Road and Sheikh Zayed Road, it becomes a prime hub of residential space, international and local businesses, financial institutions, retail and hospitality options.

Facilities and amenities:
8 Restaurants
Bars and Lounges
Meetings and Events Facilities
Wellness and Fitness Center
Screening Rooms
Work and Play Suites
Retail Outlets including Paramount Hotels and Resorts Boutique
Swimming Pools
Kids Club
24 Hour Security
High-Speed Elevators.

An email enquiry will be followed up by a member of the team.

Clive Donovan. (Managing Director).
Regulated and licensed by the AIPP.

Property info

Property location is approximate. Please contact the agent for further details.

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Othen Business Services LTD, BS1 on +44 330 038 9578 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Othen Business Services LTD, and do not constitute property particulars. Please contact Othen Business Services LTD for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.