Unit ID: U1696434
DAMAC Towers by Paramount, Business Bay,Dubai
$12,300,000
3 Bedrooms
3
Bathrooms
6,301 Sqft
Size
Oct 2026
Off Plan

About This Apartment

This property is a 6,301 Sqft apartment with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in DAMAC Towers by Paramount, Dubai and it is scheduled for completion in Oct 2026. You can buy this apartment for a base price of $12,300,000 ($1,940/Sqft).

Features

Private LiftPrivate Lift Private PoolPrivate Pool TerraceTerrace Maids QuartersMaids Quarters

Basic Information

Date Listed Nov 23, 2023
Updated 1 year ago
Property Type Apartment
Floor N/A
Bedrooms 3
Size 6,301 Sqft
Price per Sqft $1,940
Pets N/A
Apartment Ownership
Foreign Quota
Furniture
Unfurnished
View(s) Marina View, Burj Khalifa View
Unit Type 3BR (Marina Residences)
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
N/A
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1696434

Investment Opportunity: Charges & Yield

Sale Price
$12,300,000

Project Details

Project Name: Vela
Developer: Omniyat
Construction: Off Plan (Oct 2026)
Floors: 30
Buildings: 1
Units: 38
Project Area: N/A
Nearest Landmark Burj Khalifa/Dubai Mall - 1.4 Km
Location: DAMAC Towers by Paramount, Dubai
Vela Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Vela

  • Communal Pool
    1st Floor

Available Units at Vela

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Loan Calculator

Payment Plan

Payment Plan
Installment Milestone Payment
Down Payment
Immediately
5%
1st to 6th Installment
During Construction
55%
7th Installment
On completion
40%

Frequently Asked Questions

Burj Khalifa/Dubai Mall is the nearest Metro Station from Vela and it is 1.4 km away.

After you have found the right property, you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer


Payment Plan
Installment Milestone Payment
Down Payment
Immediately
5%
1st to 6th Installment
During Construction
55%
7th Installment
On completion
40%


Read more here

 

This has become a popular option recently. We have online immersive tours of many properties, so you can see all the properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend a lawyer to manage the entire transfer of the property into your name without you physically being here.

Dubai have different visa entry points for homebuyers from different countries.

Reviews

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Dubai
DAMAC Towers by Paramount

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Vela

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Vela Viento
Location
DAMAC Towers by Paramount, Business Bay, Dubai
Number of units
92
Sales Prices
$5.09M - $6.63M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Off Plan
Location
DAMAC Towers by Paramount, Business Bay, Dubai
Number of units
39
Sales Prices
$7.13M - $40.3M
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Location
Business Bay, Dubai, United Arab Emirates
Number of units
N/A
Sales Prices
$238.26K - $653.51K
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Project Name
15 Northside
Location
Business Bay, Dubai, United Arab Emirates
Number of units
349
Sales Prices
$215.11K - $1.06M
Monthly Rentals
$1.23K
Year Built
Dec 2022
Completion Status
Completed
Project Name
Binghatti Canal
Location
Business Bay, Dubai, United Arab Emirates
Number of units
293
Sales Prices
$216.47K - $8.74M
Monthly Rentals
$1.09K - $2.5K
Year Built
Jun 2023
Completion Status
Completed
Project Name
Hamilton Tower
Location
Business Bay, Dubai, United Arab Emirates
Number of units
N/A
Sales Prices
$156.57K - $381.21K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
The Bay
Location
Business Bay, Dubai, United Arab Emirates
Number of units
320
Sales Prices
$313.14K - $680.74K
Monthly Rentals
$2.38K
Year Built
Dec 2022
Completion Status
Completed
Project Name
Tower D
Location
DAMAC Towers by Paramount, Business Bay, Dubai
Number of units
N/A
Sales Prices
$367.6K - $1.09M
Monthly Rentals
N/A
Year Built
Sep 2019
Completion Status
Completed
Project Name
SRG Upside
Location
DAMAC Towers by Paramount, Business Bay, Dubai
Number of units
N/A
Sales Prices
$261.4K - $582.13K
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
Nobles Tower
Location
Business Bay, Dubai, United Arab Emirates
Number of units
549
Sales Prices
$231.45K - $9.79M
Monthly Rentals
N/A
Year Built
Dec 2023
Completion Status
Completed
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