3-Yr 7% Gross Annual Rental Guarantee - Paramount Tower Hotel Studio Room
515 sq.ft, Full Canal Views, Business BayDAMAC PROPERTIES Offered by: DAMAC PROPERTIES
The Paramount Tower Hotel & Residences is located in the strategic location of Business Bay near the famous Burj Khalifa and the Dubai Mall. The building is on Sheikh Zayed Road, offering easy access, wonderful views and a building that stands out amongst the crowded high rise district.
The tower has 65 floors, split into two sections. Floors 16-25 are the Paramount Tower Hotel, while floors 26-63 are the residential apartments. Key unique features of the tower are:
- Produced by Paramount Hotels and Resorts
- High-end Luxury Living
- Hotel & Residential
- Low Initial down payment fo 14% with 50% paid on completion
- Prime Sheikh Zayed Road location
The Hotel section of the building consists of Studio, 1 bedroom and 2 bedroom apartments with luxury finishing, services and furnishing that fit its 5 star rating. The rooms are designed after a cinematic experience and feature benefits that highlight the Paramount background, such as access to a library of Paramount Pictures movies, a high end system to watch the movies on, as well as luxury service delivered right to your door. Staying at the Paramount Hotel is an experience of its own and it gives the investors a lucrative opportunity.
Amenities are available on floors 11, 12, 13 and include the below:
- Grand Lobby
- Restaurants and Lounges
- Rooftop Terrace with seating
- Rooftop infinity pool
- Wellness/Fitness Center
- Luxury Spa
- Steam Room and Sauna
- Meeting Rooms
- State of the art Gymnasium
The tower is currently under construction and is expected to be completed in Q4 2020 and open for guests inQ1 2021. Upon the purchase of a room, you will receive 7% gross guaranteed return on your investment for the next 3 years. Service and maintenance charges of 37 AED per square foot will need to paid on a yearly basis. After the 3 years, you will receive 40% of total hotel revenue from a revenue pool of similar rooms in the hotel. Service and maintenance charges will no longer apply after 3 years.
Special February Promotion: With the purchase of your hotel room, you get 2 Emirates Airlines Free Air Tickets From Anywhere Per Year + 28 Free Nights Every Year for the Next 3 Years. This package alone has a worth of 70,000 - 80,000 AED.
Payment Plan: 10% + 4% DLD Charges on Booking, 10% after 2 months, 10% after 10 months, 10% after 15 months, 10% after 19 months, 10% on Completion, 4 payments 10% every 3 months after Completion.
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