Paramount Tower Hotel and Residences
Buying Property in Paramount Tower Hotel and Residences
Anantara, Mina Al Arab
Listing by
Metropolitan Premium Properties
Anantara, Mina Al Arab
Listing by
Metropolitan Premium Properties
Anantara, Mina Al Arab
Listing by
Metropolitan Premium Properties
Anantara, Mina Al Arab
Listing by
Metropolitan Premium Properties
Anantara, Mina Al Arab
Listing by
Metropolitan Premium Properties
Oystra, Al Marjan Island
Listing by
Metropolitan Premium Properties
Oystra, Al Marjan Island
Listing by
Metropolitan Premium Properties
Oystra, Al Marjan Island
Listing by
Metropolitan Premium Properties
Oystra, Al Marjan Island
Listing by
Metropolitan Premium Properties
Agents Working with Paramount Tower Hotel and Residences
About the project
(sq. ft.)
Paramount Tower Hotel and Residences is a 64-storey building that combines a residential tower and a luxury hotel. It was developed by DAMAC Properties and has a total of 826 residential properties.
Floors 15 through 25 feature one-bedroom hotel rooms ranging in size from 843 sq. ft (78 sq. m) to 1,048 sq. ft (97 sq. m). Two-bedroom units can also be purchased and have a minimum size of 1,369 sq. ft (127 sq. m). Properties include a home theatre with access to Paramount’s movie library.
Floors 26 through 63 feature residential studios and one- to three-bedroom apartments. Units range in size from 520 sq. ft (48 sq. m) to 1,477 sq. ft (137 sq. m). The top floor features a panoramic pool with a sun terrace.
The building includes a private Paramount Pictures movie theatre, high-end stores, restaurants, and lounge areas. The complex also offers a variety of amenities including:
- Parking
- 24-hour security with video surveillance
- Children’s playground and pool
- Meeting and event space
- Sauna and steam room
- Equipped gym
- Spa and health club
- Barbecue area
- Laundry services
- Nearby retail stores and grocery stores
Apartments range in price from AED 1,600,000 (USD 435,600) to AED 3,200,000 (USD 871,200), and annual rental costs start at AED 90,000 (USD 24,500).
*The price is valid for 2021
Location
Paramount Tower Hotel and Residences is located on Sheikh Zayed Road, one of Dubai’s main streets. Dubai International Airport can be reached within a 20-minute drive of the complex. The city centre is also situated within a short drive and can be reached by personal car, taxi, and the Metro.
The complex is located near several famous city attractions, entertainment venues, restaurants, and retail outlets. The Burj Khalifa skyscraper is situated within walking distance of the apartments.
Residents also have easy access to local kindergartens, schools, and medical centres. There are also financial institutions and pharmacies situated within a two-minute walk of the complex. For groceries and household goods, residents can shop at local supermarkets.
Dubai Mall can be reached within a seven-minute drive of the complex. The shopping centre includes luxury boutiques, entertainment venues, and children’s play areas. Residents can also enjoy Safest Way, a shopping mall located within a 10-minute drive.
The community is situated within a short distance of Dubai Media City, a community for innovative technology and media companies. Residents can access the beach in neighbouring areas, such as Dubai Marina and Palm Jumeirah.
Return on investment
Construction on the complex began in 2015 and was completed in 2019. Almost all of the complex is available to purchase, and units offer good investment opportunities.
The return on investment rate for a property at Paramount Tower Hotel and Residences is 6.4%, per annum. Owners can make a net profit from renting a property out or from its subsequent resale.
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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