Damac Properties’ luxury hotel and serviced residences Damac Towers by Paramount Hotels & Resorts, located in Dubai’s Burj area, has topped out.

Revealing the news at last month’s Arabian Travel Market (ATM) in Dubai, the company also said façade work on the $1.3-billion four-tower complex was 60 per cent complete while the interior fit-out was progressing by the day.

Damac Towers by Paramount Hotels & Resorts, expected to be completed in 2017, will each stretch more than 250 m into the air.

The 1,200 luxury serviced residences in three of the towers will offer luxurious living with a Hollywood flavour. The fourth tower, the Paramount Hotel, will house more than 800 rooms and suites.