DAMAC Tower A, Business Bay

HIGHLIGHTS

About DAMAC Tower A

DAMAC Tower A is a 68-storey residential tower in Business Bay. The skyscraper is a part of an iconic hotel and residential complex: DAMAC Towers by Paramount. The high-rise tower has 58 floors and 10 levels podium above the ground floor. Tower A features 400 units. Apartments in DAMAC Tower A consist of 1,2 and 3-bedroom units.

DAMAC Towersby Paramount is a joint venture of DAMAC Properties and Paramount Hotel and Resorts. The freehold project was launched in 2013 and completed in 2018. The development delivers a lifestyle of California and a distinctive feel of Hollywood Studios in Dubai.

The mixed-use complex consists of four buildings: Tower A, Tower B,Tower C and Tower D. Towers A, B and D are residential towers, whereas Tower C houses Paramount Tower Hotel & Residences Dubai. All four towers are interconnected via a multilevel podium, ground floor, and two basement levelsat the base. Each one of the towers also has a functional rooftop.

The location of the DAMAC Towers by Paramount in Business Bay, Dubai, gives speedy access to Al Khail Road and Ras Al Khor Road. The complex is also close to neighbouring areas like Downtown Dubai and Dubai International Financial Centre.

IN A NUTSHELL

  • Type of building: Residential
  • Location: Business Bay
  • Developer: DAMAC Properties & Paramount Hotel and Resort
  • Number of floors: 68 floors
  • Number of units: 400 Units
  • Unit type: 1, 2 and 3-bedroom apartments
  • Type of ownership: Freehold
  • Amenities: gym, swimming pools for kids and adults, kids club, retail, dine-in cinema, covered parking and green sitting area.

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DAMAC Tower A

BUILDING DETAILS

Facilities in DAMAC Tower A

Parking

Two basement levels provide 24 hours valet parking in DAMAC Tower A. Parking lots have dedicated parking areas for residents and visitors.

Elevators

There are six high-speed passenger lifts and two service elevators for the convenience of residents. Elevators in DAMAC Tower A have a separate power backup to remain functional for 24 hours.

Security, Central Air-Conditioning and Maintenance Services 

The centrally air-conditioned building is connected to the district cooling plant of Empower. CCTV cameras and security staff monitor elevators, parking lots and shared facility areas. They ensure round-the-clock building security. Also, an onsite team look after building amenities and provides 24-hour maintenance services.

Event Space

The recreational podium has meeting rooms and event spaces. Residents can use them for family gatherings and events.

Gym and Fitness Facilities 

The project has a health club for residents. The gym in DAMAC Tower A is a shared fitness facility. It has state-of-the-art equipment, a sauna and a steam room.

Lifestyle Amenities

Paramount Tower 1 boasts luxury lifestyle amenities. Podium rooftop has a huge swimming pool for adults and a separate pool for kids. The surrounding area has dry-decks, open-air sitting area, green parks and kids play area. The multilevel podium also has a kids club,spa, retail outlets, dine-in cinema and eight restaurants.

Concierge and Guest Services 

Tower A and Tower B have a shared lobby on the ground floor. It has a huge waiting area and reception counter. The reception staff provides concierge and guest services for both towers.

Pet-friendly

DAMAC Paramount Tower 1 is a pet-friendly residence.

Safety Features

All communal and shared facility areas are outfitted with modern fire-safety equipment. Smoke detectors, fire-alarms and fire-extinguishers are installed in each apartment.

Apartment Types in DAMAC Tower A

DAMAC Paramount Tower A has 400 units, which consist of 1, 2 and 3-bedroom apartments. Regardless of their sizes and layouts, all apartments have elegant interiors.

They have glass railing balconies, sliding doors, floor-ceiling double glazed windows. Moreover, ceramic tiled flooring, furnished kitchens and functional bathrooms further upgrade these apartments.

The semi-open kitchen has laminated cabinets, stone countertops and home appliances like a cooking range, microwave oven, dishwasher, refrigerator and washing machine. Bedrooms also have built-in wardrobes.

1-Bedroom Apartments in DAMAC Tower A

1-bedroom apartments spread over the area of 928 sq. ft. to 1,085 sq. ft. Each unit has a master bedroom with an attached bathroom, a guest toilet at the entrance, a large living room and a semi-open kitchen.

Most of the units have a shared balcony in front of the bedroom and living room. Bigger units also have a laundry room and separate balconies.

2-Bedroom Apartments in DAMAC Tower A

Having a built-up area ranges from 1,150 sq. ft. to 1,587 sq. ft. , 2-bedroom flats have a master bedroom with a dressing room and attached bathroom. Another bedroom only has a built-in wardrobe. There is a full bathroom in the lobby area of bedrooms and a powder room at the entrance.

The unit layout also has a large living room, semi-open kitchen and one or more balconies. Few layouts also have a storeroom and laundry room.

3-Bedroom Apartments in DAMAC Tower A

The floor area of 3-bedroom units in DAMAC Paramount A is from 1,800 sq. ft. and 2200 sq. ft. These units have one master bedroom with a dressing room and an en-suite bathroom. The remaining two bedrooms don'€™t have attached bathrooms. Instead, there is a bathroom in the bedroom lobby area.

Also, there is a maid'€™s room with a private bathroom and a powder room at the entrance. The apartment layout for this category has an open kitchen and two balconies. One in front of the master bedroom and the other one is in front of the living area.

Most Popular Apartment Types in DAMAC Tower A

Based on searches conducted by users on PropertyDigger.com over the past 12 months

According to total property searches, PropertyDigger ranked apartment types in DAMAC Towers by Paramount, Tower A. 1-bedroom apartments showed the highest searches and ranked on the first position. At the same time, 2 and 3-bedroom apartments got second and third positions respectively.

Rental Trends in DAMAC Tower A

DAMAC Towers Paramount is ranked among the top five apartment buildings in Business Bay. Apartments for rent in DAMAC Towers by Paramount offer luxury lifestyle amenities for its residents.

Apartments for rent in Tower A are available at the yearly rents given below.

Apartments for rent in Business Bay offer more rental options for home seekers looking for accommodation in the vicinity.

Sale Trends in DAMAC Tower A

Apartments for sale in DAMAC Towers by Paramount offer a dream home for homebuyers and higher returns on investments for investors.

Apartments for sale in DAMAC Tower A are available at the price of:

If you are looking for more apartment configurations, you may check apartments for sale in Business Bay.

Rental Yield in DAMAC Tower A

Based on searches conducted by users on PropertyDigger.com over the past 12 months

According to ROI data by PropertyDigger, 1-bedroom apartments shows highest ROI of 7.8%, whereas 2-bedroom units offer an ROI of 5.6%.

DAMAC Tower A

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NEARBY AMENITIES

Transportation near DAMAC Tower A

Commuting across the area is not difficult for those who depend on public transport. This is because of the availability of metro, bus and taxi services. Residents enjoy easy access to transportation near DAMAC Tower A.

Bus Stations near DAMAC Tower A

Multiple bus routes serve the neighbourhood of Business Bay. RBC Tower Bus Stop is within walking distance from the building. Other bus stops are reachable via a 6 to 7-minute drive. These include Al Madar Scala Tower Bus Stop, Coral Tower Bus Stop and Dubai Fountain Street Bus Stop. Passengers can board on the bus numbers F41, X22, F14 and F19B.

Metro Stations near DAMAC Tower A

Both Green Line and Red Line metro stations are accessible from DAMAC Towers by Paramount. Creek Metro Station, Al Jadaf Metro Station and Dubai Healthcare Metro Station are green line metro stations near the building. They are 8 to 10 minutes away from the building.

Redline metro stations near the building are Business Bay Metro Station, Burj Khalifa/ Dubai Mall Metro Station and Financial Centre Metro Station. These metro stations are under a 15-minute drive.

Restaurants near DAMAC Tower A

The multilevel podium that connects the four towers in DAMAC Towers by Paramount houses an extensive dining selection and dine-in cinema. However, residents can also access some of the best restaurants in Business Bay.

Popular restaurants near DAMAC Tower A are:

  • Fuchsia
  • Taipei Dao
  • The Espresso Lab

Fuchsia is 7 minutes away. The Asian casual dining serves seafood and food from Asian and Thai cuisines. It is one of the best restaurants in Dubai serving Vegan desserts like banana fritters and hazelnut spring rolls.

Taipei Dao is at a drive of 8 minutes. It serves Chinese and Asian dishes and healthy food. Whereas, The Espresso Lab is 10 minutes away. It'€™s a beverage shop that serves coffee and breakfast.

Fine dining restaurants near DAMAC Tower A are:

  • Bice Mare Restaurant- Level 3, Souk Al Bahar
  • La Serre- Vida Downtown
  • Teatro- Towers Rotana

La Serre is French fine dining at a drive of 8 minutes. Visitors can enjoy bread, soups, sandwiches and a variety of pasta. Bice Mare is 12 minutes away. It'€™s an Italian restaurant that serves seafood, pasta and fresh fruit platter.

Teatro is 13 minutes away. The fine-dining serve food from multiple cuisines from Japanese, Chinese, Indian and Italian food. All fine dining have bars that serve wine, beer and alcoholic drinks.

Supermarkets near DAMAC Tower A

Paramount Hotels & Resorts has a merchandise store, the Vault. Outlets at the retail facility offer a selection of carefully selected brands. Residents also have access to supermarkets in the vicinity.

Famous supermarkets near DAMAC Tower A:

  • Uptown Minimart-Safeer Tower
  • Spinneys- South Ridge Tower 2
  • Choithrams Atria- Marasi Dr
  • Lily Supermarket-Burj Al Nujoom

Several supermarkets in Business Bay and Downtown are within a short drive. Uptown Minimart is at a 9-minute drive.Spinneys and Choithrams are 10 minutes away. Lily Supermarket is also reachable via 11 minutes away.

NEARBY BUILDINGS

  • Noble Towers '€“ residential walk
  • Art Tower XV '€“ residential
  • Crystal Tower '€“ Commercial
  • B2B Tower '€“ commercial
  • Vezul Tower '€“ residential
  • Westburry Square '€“ commercial
  • Churchill Residence '€“ residential

Residents have walking and short driving access to the residential and commercial buildings in the vicinity. Noble Towers at walking distance is the nearest residential tower.

Whereas, Art Tower XV is 4 minutes away. Other nearby buildings are Crystal Tower, B2B Tower, Vezul Tower, Westburry Square and Churchill Residence. All of them are within a drive of 6-10 minutes.

Major Landmarks

Nearby landmarks include: 

  • Bay Avenue Mall
  • Dubai Mall
  • Burj Khalifa

Located 8 minutes away, Bay Avenue Mall is a retail destination in Business Bay. The mall has brand outlets, Spinneys supermarket, clinics, banks and salons. Also, there are restaurants and ice cream shops.

Dubai Mall is a lavish mall in Dubai. Its 11 minutes away. The mall has tons of attractions. Besides shopping, the iconic mall offers plenty of entertainment and leisure activities. Dubai Mall is a centre of attraction for many reasons. It has an ice rink, Dubai Aquarium, VR Park and Fountain. The venue also has several activities for kids.

Reachable via the drive of 13 minutes, Burj Khalifa is a mega skyscraper in Dubai. It is different from traditional high-rise buildings in Dubai. There are a lot of things to do in Burj Khalifa. Visitors can enjoy sightseeing views from observation decks on 124 and 125 floor. They can also try a variety of cuisines in restaurants located across the tower. Burj Club is a lavish fitness club with state-of-the-art facilities and swimming pools.

THINGS TO CONSIDER

DAMAC Towers by Paramount is located in Business Bay, one of the prime areas of Dubai. The neighbourhood receives visitors and tourists throughout the day. This often causes traffic jams and parking issues. This might annoy residents. Consider this before you buy or rent an apartment in DAMAC Towers by Paramount, Tower A.

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DAMAC Tower A