Damac Properties has awarded China State Construction Engineering Corporation a $150m (AED554m) contract to build the Paramount Residences at the Paramount Tower Hotel and Residences in Dubai, it said in a statement on Tuesday.
The 64-storey, 867-key luxury hotel and hotel residences tower on Sheikh Zayed Road will offer a sky lobby with views across the Burj area, a private Paramount Pictures screening room, a rooftop infinity swimming pool with a terrace and a fitness and wellness centre with a state-of-the-art spa.
Lacasa Architects and Engineering Consultants will be the lead architect on the project, scheduled for completion in the first quarter of 2020.
Mohammed Tahaineh, SVP – Commercial at DAMAC Properties said: “Paramount Tower Hotel & Residences is one of our prestigious branded projects in Dubai that will be strategically located in the Burj area.
“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,” he added.
China State was appointed to complete infrastructure works at AKOYA Oxygen earlier this year.
The residences at Paramount Tower Hotel & Residences feature hospitality units with separate living and dining areas, as well as two and three-bedroom arrangements in addition to exclusive penthouses.