Dubai’s skyline is synonymous with luxury, but few addresses capture the imagination quite like Paramount Tower Hotel & Residences Dubai. This 63-storey masterpiece, developed by the award-winning DAMAC Properties, brings the cinematic elegance of Paramount Pictures to the heart of the city. Whether you are seeking a luxury apartment for sale on Sheikh Zayed Road or a high-yielding real estate investment in Dubai, this landmark offers a “star-studded” lifestyle like no other.
Prime Location: The Center of the Action
Situated directly on the famous Sheikh Zayed Road, Paramount Tower provides unparalleled connectivity. Residents and guests are just a 15-minute drive from Dubai International Airport and within walking distance of two major metro stations, making it a top choice for busy professionals and international travelers.
The tower’s striking 258-metre height ensures breathtaking vistas:
- The Burj Area: Unobstructed views of the world’s tallest building.
- Coastal Views: Vistas extending to The Palm Jumeirah, The World Islands, and the iconic Burj Al Arab.
A “Scripted” Lifestyle: Amenities and Features
Paramount Tower isn’t just a place to live; it’s a destination designed using a creative process honed over the studio’s 100-year history. The project is divided into distinct zones to cater to both tourists and long-term residents:
- Hotel Suites (Levels 15 to 25): These units offer the “ultimate luxury,” featuring spectacular home theatres and access to a massive library of Paramount Pictures films.
- Private Residences: Luxury apartments designed for those who appreciate the finer things in life, from high-end retail on the ground floor to fine-dining restaurants.
World-Class Facilities
Residents enjoy access to a suite of “Scene-stealing” amenities:
- Rooftop Infinity Pool: Relax with stunning Burj Khalifa views as your backdrop.
- Wellness & Fitness: A state-of-the-art gymnasium, luxury spa, and wellness center.
- Fine Dining: Experience red-carpet treatment with menus inspired by world-class chefs.
Why Invest in Paramount Tower Dubai?
For the discerning investor, this project represents one of the most lucrative off-plan property investments in the UAE. DAMAC offers a unique rental pool program where owners can become shareholders in a profitable hotel business.
Key Investment Benefits include:
- Projected ROI: Annual yields of 5-7% are projected during the first five years.
- Revenue Share: Owners benefit from a 40% share of total revenue.
- Tax Advantages: Currently, residential property in Dubai remains free of VAT, while commercial hotel units are subject to a standard 5% rate.
- Perks: Investors enjoy 14 nights of free stay per year, combined with zero service and utility charges for specific units.
Paramount Tower Hotel & Residences Dubai is where Hollywood glamour meets Dubai’s relentless ambition. With its prime location, signature DAMAC quality, and high potential for capital appreciation, it is a premier choice for those looking to buy property in Dubai.
