Damac Properties has announced its latest hospitality project in collaboration with Paramount Hotels & Resorts, Khaleej Times reported.
Dubai’s leading luxury real estate developer has launched “Paramount Residences at the Paramount Tower Hotel & Residences”, an 826-key luxury hotel and hotel residences tower on Sheikh Zayed Road.
The 64-storey project will offer a sky lobby with views across the Burj area, a private Paramount Pictures screening room, the most picturesque rooftop infinity swimming pool overlooking the Downtown area with a terrace and a fitness and wellness centre with a state-of-the-art spa.
Construction work on Paramount Tower Hotel & Residences is already underway, with completion scheduled for the third quarter of 2019. Prices for the hotel residences, which will be located on the 36-64th floors, will start at AED1,800 per sq ft.
“As the number of tourists to Dubai continues to outpace most of the world, there is a huge demand for quality, stylish and luxury living experiences, both with hotels and the high-end hotel apartments sectors,” said Ziad El Chaar, managing director of Damac Properties. “Paramount Tower Hotel & Residences will bring to life the Hollywood glamour and California cool lifestyle synonymous with Paramount Pictures in an environment which is stylish and aspirational.”