The 64-storey project will have a sky lobby with views across the Burj area, a private Paramount Pictures screening room, and a rooftop infinity pool overlooking the Downtown area.

Damac properties managing director Ziad El Chaar commented: “As the number of tourists to Dubai continues to outpace most of the world, there is a huge demand for quality, stylish and luxury living experiences, both with hotels and the high-end hotel apartments sectors.

“Paramount Tower Hotel & Residences will bring to life the Hollywood glamour and California cool lifestyle synonymous with Paramount Pictures in an environment which is stylish and aspirational.

” Construction work on Paramount Tower Hotel & Residences is already underway, with completion scheduled for Q3 2019.