Damac announces Paramount Residences in Dubai

27 floors have been allocated for residences at Damac's under-construction Paramount Tower Hotel & Residences project in Dubai

Paramount Tower Hotel & Residences is due for opening by Q3 2016.
Paramount Tower Hotel & Residences is due for opening by Q3 2016.

Damac Properties announced on Sunday (28 June, 2015) the launch of Paramount Residences at the Paramount Tower Hotel & Residences, an 826-key luxury hotel and residences tower project along Dubai's Sheikh Zayed Road.

The project, 64-storeys tall in totality, is currently under construction, with completion scheduled for the third quarter of 2019, and 27 floors have been allocated for residential use in the tower. 

Prices for the hotel residences, which will be located between the 38th and 64th floors, will start at $490 (AED1,800) per sq ft. Units are available in one-, two-, and three-bedroom options, in addition to two penthouses.

The Paramount Tower Hotel & Residences also includes entertainment and dining options on the podium levels, with two contemporary restaurants, a cinema modeled after the professional screening rooms of Paramount Pictures, luxury shops, art galleries, and an all-day kids' studio club.

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