Work to start on Paramount Hotel Dubai in H1 2015

Developer planning to float construction works tender early next year with completion slated in 2018

Damac Towers by Paramount Hotels & Resorts.
Damac Towers by Paramount Hotels & Resorts.

Dubai developer Damac Properties has announced that construction of its Paramount Hotel Dubai project is likely to start in the first half of 2015.

Damac said it is planning to float the construction works tender for the 1,250-room luxury hotel in Downtown Dubai early next year with completion slated in 2018.

Niall McLoughlin, senior vice president, Damac told Zawya Projects: "We are planning to tender the construction works for the project during the first quarter of next year, most probably in January.

"We are currently doing the concept design of the project, in collaboration with the Paramount team. We expect to reveal the design by the first quarter of next year," he was quoted as saying.

Damac announced Paramount Hotel Dubai, Downtown in September during Cityscape Global and it is Damac's fourth project in Dubai in collaboration with the luxury hotel operator, Paramount Hotels & Resorts, the official licensee of Paramount Pictures.

Damac released its first association with Paramount Hotels & Resorts in March last year with the $1bn Damac Towers by Paramount Hotels & Resorts.

Damac said it has delivered around 12,000 units since 2002 and currently has a development portfolio of over 39,000 units. 

Most popular

Awards

CW Oman Awards 2020: Meet the winners
A round of the thirteen winning names at the Construction Week Oman Awards 2020 that

Conferences

Leaders UAE 2020: Building a sustainable, 'resilient' infra
AESG’s Phillipa Grant, Burohappold’s Farah Naz, and Samana's Imran Farooq on a sustainable built environment
CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this

Latest Issue

Construction Week - Issue 768
Oct 06, 2020