01 May 2016

Damac Properties’ luxury hotel and serviced residences Damac Towers by Paramount Hotels & Resorts, located in Dubai’s Burj area, has topped out.

Revealing the news at last month’s Arabian Travel Market (ATM) in Dubai, the company also said façade work on the $1.3-billion four-tower complex was 60 per cent complete while the interior fit-out was progressing by the day.

Damac Towers by Paramount Hotels & Resorts, expected to be completed in 2017, will each stretch more than 250 m into the air.

The 1,200 luxury serviced residences in three of the towers will offer luxurious living with a Hollywood flavour. The fourth tower, the Paramount Hotel, will house more than 800 rooms and suites.

• $1bn Warner Bros theme park on way
• Aldar launches $1.6bn villa project
• $979m pumped into silicon park
• New Bloom Gardens villas snapped up
• Luxury skyscrapers topped out
• Freehold tower nearly ready
• Dubai’s solar park gears for third phase
• $6.8bn district one on track
• Tower wins tall prize
• Masdar City gears for major expansion
• Crane joins Johnson Arabia fleet
• Knauf AMF meets specs at Dubai school
• Update
• Tilal plans $816m Sharjah projects

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