Damac Properties, the leading Dubai-based real estate development giant, announced that it has started handing over the units of Damac Towers by Paramount, one of its new projects, to their respective owners.
In his comment on the project progress announcement, Ali Sajwani, the general manager of operations at Damac Properties said that reaching this phase of any of Damac’s new projects successfully reflects the developer’s commitment towards fulfilling its promise to the homebuyers and investors who put their trust in them.
Situated in Burj area in Dubai, Damac Towers by Paramount is a master development that is developed as a result of a partnership between Damac Properties and Paramount Hotels and Resorts. The project comprises four residential towers with a height that reaches the 270 meters mark. Damac will start delivering the units of three of the buildings, A, B and D, which include a total of 1200 upscale serviced units.
On the other hand, the development of the fourth tower, Tower C, which will house a luxurious Paramount-branded hotel that will feature 800 luxurious hotel rooms, is due for completion within 2019.