DAMAC Paramount Hotel & Residences

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DAMAC Paramount Hotel & Residences
General information
StatusComplete
Construction started2013 [1]
Estimated completion2017
Opening2018
Height
Antenna spire268 m (879 ft) [1]
Roof242 m (794 ft) [1]
Technical details
Floor count69 [1]
Design and construction
ArchitectKEO
DeveloperDAMAC Properties Group
Main contractorTAV

Damac Towers by Paramount is a 68-storey, 270-metre-tall (886 ft) residential and hotel tower under construction in Downtown Dubai, United Arab Emirates. [2]

Downtown Dubai Community in Dubai, United Arab Emirates

Downtown Dubai, previously known as Downtown Burj Dubai, is a large-scale, mixed-use complex under development in Dubai, United Arab Emirates. It is the home of some of the city's largest landmarks including Burj Khalifa, Dubai Mall, and Dubai Fountain. It covers an area of 2 square kilometres (0.77 sq mi), at an estimated cost of US$20 billion upon completion and as of 2017, had a population of 13,201.

United Arab Emirates Country in Western Asia

The United Arab Emirates, sometimes simply called the Emirates, is a country in Western Asia at the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing maritime borders with Qatar to the west and Iran to the north. The sovereign constitutional monarchy is a federation of seven emirates consisting of Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Their boundaries are complex, with numerous enclaves within the various emirates. Each emirate is governed by a ruler; together, they jointly form the Federal Supreme Council. One of the rulers serves as the President of the United Arab Emirates. In 2013, the UAE's population was 9.2 million, of which 1.4 million are Emirati citizens and 7.8 million are expatriates.

Contents

DAMAC Towers Complex

The complex was launched by Paramount Hotels & Resorts partnered with DAMAC Properties on March 12, 2013. The Damac Towers project is Paramount Hotels & Resorts first venture into the hotel and real estate industry. Once completed, the whole complex will cost around US$1 billion. [3]

DAMAC Properties is a property development company, based in Dubai, in the United Arab Emirates. In January 2015, DAMAC Properties was publicly listed on the Dubai Financial Market. The company operates internationally providing residential, commercial and leisure properties and has a collective presence in the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman, and the United Kingdom.

The four towers will have a connecting multi-level plaza with themed restaurants and bars, events facilities, a screening room, fitness centers, swimming pools, kids club and retail zone based on Paramount-branded products. One tower will feature the Paramount Hotel and Residences while the other three will house the DAMAC Maison–Paramount co-branded serviced residences. [4]

See also

DAMAC Maison-Paramount Tower 1 is a 68-storey, 250-metre-tall (820 ft) residential tower under construction in Downtown Dubai, United Arab Emirates. The tower is a part of a complex, DAMAC Towers by Paramount being built in Down Town, Dubai. The complex was launched by Paramount Pictures partnered with DAMAC Properties on March 12, 2013.

DAMAC Maison-Paramount Tower 2 is a 250-metre-tall (820 ft) residential tower under construction in Downtown Dubai, United Arab Emirates. The tower is a part of a complex, DAMAC Towers by Paramount, being built in Down Town, Dubai. Once completed, it will become one of the tallest residential buildings in Dubai.

DAMAC Maison-Paramount Tower 3 is a 68-storey, 250-metre-tall (820 ft) residential tower under construction in Downtown Dubai, United Arab Emirates. The Tower 3 is a part of the complex launched by DAMAC Properties on March 12, 2013. The Damac Towers project is Paramount's first venture into the hotel and real estate industry. Once completed, the whole complex will cost around US$1 billion.

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DAMAC Hotels & Resorts, is the hospitality division of DAMAC Properties, founded in October 2011. DAMAC Hotels & Resorts chain of hotels and serviced hotel apartments include The Distinction, DAMAC Maison Dubai Mall Street, DAMAC Maison Canal Views and DAMAC Maison Cour Jardin. The portfolio of hotels provide 24-hour check-in service and other family-friendly services.

Hussain Sajwani is an Emirati billionaire property developer, and the founder and chairman of real estate development company DAMAC Properties. DAMAC Properties was ranked number one on the Forbes 2017 Global 2000 list of the fastest growing global companies based on the compound annual growth rate of revenues from 2013 to 2016.

References

  1. 1 2 3 4 "DAMAC Paramount Hotel & Residences". CTBUH.
  2. ↑ "Damac goes to Hollywood with Paramount partnership for hotel". The National.ae.
  3. ↑ "Paramount Launches Major Four Tower Project". CTBUH.
  4. ↑ "Paramount's first movie-themed resort to open in Dubai". Travel.cnn.com.

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