China
State Construction Engineering Corporation LLC was chosen by DAMAC
Properties to build the Paramount Residences at the Paramount Tower Hotel &
Residences in Dubai.
China Construction received a contract worth $150.8 million to build the luxury building to serve as a hotel and permanent
residences.
China
Construction will serve as the primary contractor for the 27-floor luxury residence building. The project is projected to take roughly three years, with
completion anticipated in 2020. Paramount Tower Hotel & Residences is
being built on Sheikh Zayed Road and will host 867-key hotel suites and luxury
condos.
Within its 64 stories, the building will offer a sky lobby with views
across the Burj area, an exclusive Paramount Pictures theater, a rooftop
infinity swimming pool with a terrace and a fitness and wellness center with a
state-of-the-art spa.
“Paramount
Tower Hotel & Residences is one of our prestigious branded projects in
Dubai that will be strategically located in the Burj area,” Mohammed
Tahaineh, senior vice president at DAMAC Properties, said. “It is one of
the four landmark hospitality projects we are developing in collaboration with
Paramount Hotels & Resorts, featuring Hollywood-themed hotel rooms, hotel
apartments and residential units in Dubai and Riyadh. It gives us great
pleasure to appoint China Contracting for the provision of contracting services
and the delivery of this much-awaited property.”
Spaces available within the residences at Paramount Tower Hotel & Residences include units with separate living and dining areas, private penthouse suites, and two or three-bedroom units. Residents get to enjoy a community feel with the luxuries of an upscale hotel.
“We
are delighted to have been chosen by DAMAC Properties to be the main contractor
for the residences at Paramount Tower Hotel & Residences,” Yu Tao,
president and CEO of China State Construction Engineering Corporation (Middle
East) LLC, said. “This represents a significant contract for us in one of the most
prestigious hospitality and residential projects in the Middle East. We were
appointed this year for the infrastructure works at AKOYA Oxygen and this new
contract only cements further our strong relationship with the real estate
developer.”
Units available are perfect for those looking
for a second home or a vacation condominium to use while traveling, benefiting from worry-free management when the unit is not being
used.
LACASA
Architects and Engineering Consultants was named as the architect for the Paramount
Tower Hotel & Residences project.
