Business Bay · MAG Group
24-storey residential building in Business Bay, completed in 2025. Developer — MAG Group. Architect — Next Engineering Consultants.
Specifications for The Paragon by IGO per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Paragon By Igo is a 24-storey residential building in Business Bay, completed in 2025.
The developer is MAG Group. The architecture is by Next Engineering Consultants.
The database currently holds 4 lots in this project, from 1 397 000 AED.
A 24-storey MAG building in Business Bay, handed over. Four lots in our own stock — from AED 1.4 to 1.8 million (~$380K–490K), half the district median.
Paragon by IGO is a residential building in Business Bay by MAG Group. 24 storeys, fully handed over. The factsheet doesn't give a residence count.
MAG builds systematically in Business Bay — the same group owns Society House, under construction in Downtown and covered in this same series. Paragon belongs to a different segment: not a flagship, but a workhorse building of the business district.
Our four listings fall within AED 1.4–1.8 million — an unusually narrow spread for a 24-storey building. Floor and view usually stretch prices within a building two or three times over; here they don't.
This reads as a uniform unit mix: apartments of roughly the same size and class. That's convenient for a buyer — comparison is simple, and it's clear there's nothing to overpay for. It's harder for a seller: the only way to stand out from the neighbours in the building is price.
The Business Bay median is AED 3.5 million at a price per square foot around AED 4,900 (~$1,335/ft²). The building's range is half that: these are compact units in the city's most expensive-per-square-foot district.
Business Bay in our database — 371 lots, the deepest market in the city. Liquidity is high: buyers are found quickly, and that's part of the value that doesn't show up in the price.
Rental demand is year-round and practical — the people who live here are the people who work nearby. There are no seasonal dips like in tourist districts.
The building is handed over, so everything can be checked: finishes, the condition of the lobbies and lifts, the actual view, parking usage in the evening.
propsearch factsheet (storeys, developer, status) and our own stock as of 27 August 2026 (four lots in the building, the median and price per square foot for Business Bay).
MAG Group. The architecture is by Next Engineering Consultants.
24.
Yes, the building was handed over in 2025. This is ready housing: you can move in or let it out right after the deal.
Business Bay. The canal district next to Downtown: conceived as offices, built mostly as apartments, now one of the most tenanted parts of the city.
The database currently holds 4 lots in this project, from 1 397 000 AED. The list changes daily — I will send a fresh selection for the building on request.
What has been written about the building, its developer and Business Bay
Business Bay recorded 14 prime transactions in August 2026 against Palm Jumeirah's 10 — while Dubai-wide transaction volume fell 37% year-on-year and value fell 44%. Rental search demand rose 44% over the same period. What these seemingly contradictory numbers actually mean.
Corinthia Dubai, twin towers above 500 m on Sheikh Zayed Road with a rooftop pool and a Corinthia hotel, is due by 2030. Al Habtoor Group has announced an AED 5bn ($1.36bn) office tower in Al Habtoor City. What the two projects say about the market and who should care.
Omniyat bought a reclaimed island in Marasi Bay to build the Burj Khalifa district's only urban beach club and Sunset Park, a private floating island for VELA Viento residents. In March 2026 it priced a $600m sukuk at 7.25% and said its $11.7bn launched portfolio is fully funded to completion.
Deyaar is building DWTN (Downtown) Residences in Business Bay: twin 445 m, 111-storey towers with 522 homes — 432 apartments, 76 duplexes, 13 penthouses and a “Royal Palace”. From AED 1.86m with half due at keys. Construction began in January 2026; completion is quoted for 2029–2030.
In October 2024 Binghatti said it would lift its portfolio from about AED 40bn to AED 100bn ($27.2bn) in 18 months. In 2025 revenue reached AED 12.43bn, more than 17 000 units were sold, and the AED 30bn Binghatti City launched in Nad Al Sheba. What the growth means for buyers.
Downtown is Dubai's tourist and status core, around AED 2 433/sqft on our own data. Business Bay is the business district next door, home to 17 000+ companies, around AED 1 871/sqft. We compare lifestyle, rental economics and who should pick which.
SOM designed Burj Khalifa and a 74-metre metro station in Creek Harbour that will be the tallest in the world. Zaha Hadid Architects built The Opus and is now building Oystra in Ras Al Khaimah. What separates a real premium from a marketing line.
Three major office schemes are rising around DIFC and Business Bay: Immersive Tower ($300m, 58 573 sq m, 2027), Aldar's 88 000 sq m tower by Emirates Towers metro (Q4 2027), and an office park with a theatre on Business Bay's largest plot. Vacancy in central clusters sits at 2–5%.
The RTA and Dubai Holding signed an AED 6bn (about $1.6bn) road programme: four new JVC access points with interchanges, double the capacity and 70% shorter journeys. Hessa Street phase two adds a 780 m bridge and a 480 m tunnel out of JVC. What it means for owners and buyers.
I will tell you which layouts are available now, what entry really costs and what the people who live in or let the building think of it — no marketing language.
Telegram is the fastest way — I answer personally.
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