DAMAC Towers by Paramount Hotels & Resorts Over 85% Complete

Real Estate

DAMAC Towers by Paramount Hotels & Resorts Over 85% Complete

DAMAC Properties, among the region's biggest luxury realty programmers, has introduced that its luxury hotel and serviced homes, DAMAC Towers by Paramount Hotels & Resorts, situated in Dubai's Burj location, is over 85% complete.

Developed by DAMAC Properties in cooperation with Paramount Hotels & Resorts, the project continuouslies make good progress with superstructure functions 100% complete, and interior coatings, appearance works, MEP works, woodworking and joinery works nearing completion.

The complicated consists of 4 towers stretching 250 metres high and will include one-, two- and three-bedroom luxury serviced top quality apartment or condos, offering an ambience and reflection of the Hollywood prestige and the California cool lifestyle, associated with Paramount Pictures over the past 105 years.

Niall McLoughlin, Senior Vice President, DAMAC Properties said: Bringing a Hollywood-inspired lifestyle to Dubai to an iconic development in the heart of the city, DAMAC Towers by Paramount Hotels & Resorts supplies every little thing that critical residents seek in a costs and stylish living space - from simple accessibility to premium buying and dining experiences, to all the deluxes that come as part of the Paramount brand. We are excited to see this beautiful growth take final form, and after completion, more elevate the design quotient of the sophisticated and glamorous Burj neighbourhood."

From exclusive access to landscaped and pool areas, numerous health facilities, on-website vehicle parking and a range of premium dining establishments, the project has been developed to offer over 1,900 units (consisting of the hotel) with an overall saleable location of approximately 2 million square feet. DAMAC Properties is presently selling devices in three of the towers to be run under its DAMAC Maison brand, with the advancement having actually an estimated sales value of USD 1.35 billion. In addition, one tower will include a five-star hotel complicated to be run by Paramount Hotels & Resorts, which will have more than 800 rooms. Hotel spaces will be handled under a rental swimming pool scheme.

Among the countless awards the DAMAC Towers by Paramount Hotels & Resorts project has actually won is the 'Tower Project of the Year' honor at the Construction Week Honors in 2016, in acknowledgment of construction ideal technique, safety and security and use of innovative modern technologies.

The effective partnership in between DAMAC Properties and Paramount extends throughout numerous jobs, including the USD 500 million Paramount Tower Hotel & Residences purposefully situated on Sheikh Zayed Road in Dubai, with China State.
Construction Engineering Firm (Middle East) LLC awarded a AED 554 million.
agreement to construct the 27 floors that make up the collection of luxury residences.