−11% The Paragon by IGO
1 BR · Apartment · 1 bathroom
Price history
Listed since 9 October 2026. The price has been cut once — dates and figures from the listing itself.
- 9 October 2026 AED 1 850 000
- 22 October 2026 AED 1 650 000 -11%
About the building
24-storey residential building in Business Bay, completed in 2025. Developer — MAG Group. Architect — Next Engineering Consultants.
Where it is
The pin is placed by project — accurate to the development, not the door.
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.
- central location at a discount
- short-let on the canal
- deep tenant demand
What to check: Quality varies enormously between towers here. Walk the building on a normal weekday and get three years of service charge history before you offer — in Business Bay the building matters far more than the district average.
Full district guide →Questions and answers about lot NP4-536016
How much is this 1-bedroom apartment in The Paragon by IGO?
Lot NP4-536016 is priced at AED 1 650 000, about $449 000. The size is 865 sq ft (80 m²), which works out at AED 1 908 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 850 000 to AED 1 650 000: AED 200 000 less, or 11%. It was cut once. On the market since 9 October 2026.
How does this price compare with other lots in The Paragon by IGO?
The database holds 2 lots in The Paragon by IGO right now, from AED 1 501 500 to AED 1 650 000. 2 of them share this type and bedroom count: this lot is the most expensive.
Is this expensive or cheap for Business Bay?
The database holds 324 lots in Business Bay. The area median is AED 3 026 per sq ft; this lot, at AED 1 908, is 37% below it. 119 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Business Bay area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2025 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 330 000; a loan of AED 1 320 000 over 25 years at 3.75–4.99% a year comes to roughly AED 6 800–7 700 a month. A non-resident puts down from 40% (AED 660 000) and pays about AED 5 100–5 800 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 66 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 350 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about The Paragon by IGO?
The building has 24 floors. Completion year: 2025. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 1.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-536016 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Paragon by IGO
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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