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The Paragon, Business BayOff-plan

The Paragon, Business Bay

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HIGHLIGHTS

About The Paragon

The Paragon by Investment Group Overseas (IGO) is an off-plan residential tower expected to reach completion in 2025. The 21-storey tower will offer high-end studios, 1-bedroom, Executive 1-bed, 2-bed and 3-bedroom apartments.

The Paragon Dubai is all set to present a mixture of sophisticated city style and the benefits of trendy community living. Specially designed for people seeking unparalleled greatness, the tower will offer splendid amenities like a fitness centre, squash court, cafe, swimming pools, sunset decks, private indoor cinema, pet grooming station and a cafe, to name a few.

The Paragon will be part of Business Bay – a trendy residential and commercial hub in the city. Residents will be able to enjoy community views, views of the Dubai Canal, the city’s skyline and green parks from their balconies. Also, The Paragon Business Bay will be close to landmark destinations in Downtown Dubai.

In a Nutshell

  • Type of building: Residential
  • Expected date of completion: 2025
  • Location: Business Bay
  • Developer: Investment Group Overseas (IGO)
  • Unit type: Studios, 1, 2 and 3-bedroom apartments
  • Amenities: Fitness centre, swimming pools, golf simulator, squash court, private residents cinema, meeting room, co-working space, business centre, cafe, landscaped garden, sundeck, pet salon
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BUILDING DETAILS

Payment Plan

As a buyer, investing in The Paragon Tower is easy. IGO is offering non-post-handover and post-handover payment plans. Here’s an overview of both options for a better idea.

Non-Post-handover Payment Plan

INSTALMENTMILESTONE%Payment
INSTALMENT
1
MILESTONE
Agreement signing
%Payment
10%
INSTALMENT
2
MILESTONE
After 30 days of agreement signing
%Payment
10%
INSTALMENT
3
MILESTONE
Upon 20% construction
%Payment
10%
INSTALMENT
4
MILESTONE
Upon 30% construction
%Payment
10%
INSTALMENT
5
MILESTONE
Upon 40% construction
%Payment
10%
INSTALMENT
6
MILESTONE
Upon handover
%Payment
50%

Please note that the buyer must pay 50% of the price from the start of the agreement until the construction is complete. The remaining 50% is to be paid upon property handover.

Post-handover Payment Plan

INSTALMENTMILESTONE%PAYMENT
INSTALMENT
1
MILESTONE
Agreement signing
%PAYMENT
10%
INSTALMENT
2
MILESTONE
After 30 days of agreement signing
%PAYMENT
10%
INSTALMENT
3
MILESTONE
Upon 20% construction
%PAYMENT
10%
INSTALMENT
4
MILESTONE
Upon 30% construction
%PAYMENT
10%
INSTALMENT
5
MILESTONE
Upon 40% construction
%PAYMENT
10%
INSTALMENT
6
MILESTONE
Upon handover
%PAYMENT
10%
INSTALMENT
7
MILESTONE
Within 3 months of handover
%PAYMENT
7%
INSTALMENT
8
MILESTONE
Within 6 months of handover
%PAYMENT
7%
INSTALMENT
9
MILESTONE
Within 9 months of handover
%PAYMENT
7%
INSTALMENT
10
MILESTONE
Within 12 months of handover
%PAYMENT
7%
INSTALMENT
11
MILESTONE
Within 15 months of handover
%PAYMENT
7%
INSTALMENT
12
MILESTONE
Within 18 months of handover
%PAYMENT
5%

Please note that:

  • The buyer has to pay 60% of the price from the day of signing the agreement until the handover day.
  • The remaining 40% of the price will be paid post-handover over 18 months.

Expected Completion Date

The handover is expected in 2025.

Facilities in Off-plan Tower

IN-HOUSE FACILITIES

Lifestyle facilities proposed by The Paragon Business Bay are the talk of the town. An astonishing range of amenities allows you to experience extravagant living. There is a stylish outdoor deck, two swimming pools and sun loungers and indoor cinema for you to unwind and relax.

Furthermore, one will find a state-of-the-art gym, yoga deck, golf simulator and squash court with an amphitheatre-style spectator’s area. Additional facilities include a landscaped garden, outdoor lounge terrace, BBQ area with private seating, poolside juice bar and cafe.

There’s a multi-purpose room with a flexible layout to arrange business meetings and other events. Residents who often work from home can utilise co-working space with a private business centre. Those with furry balls will be ecstatic to know that there will also be a pet grooming salon inside the building.

PARKING

Covered parking in The Paragon is offered to each apartment. Bigger units like 2 and 3-bedroom flats will get more than one parking space.

ELEVATORS

The elevators in The Paragon Dubai will provide seamless access to all floors.

SECURITY, CENTRAL AIR-CONDITIONING AND MAINTENANCE SERVICES

Residents will be provided top-notch security and maintenance services to ensure a smooth and secure living experience. The residential tower also comes with centrally air-conditioned apartments.

Apartment Types in The Paragon

Apartment types in The Paragon include studio to 3-bedroom units with ensuite washrooms, built-in closets and wardrobes, spacious living rooms and fully-fitted kitchens.

STUDIO APARTMENTS IN THE PARAGON BUSINESS BAY DUBAI

Studio apartments in The Paragon Business Bay Dubai are expected to cover 416 sq. ft., on average. These units will have a kitchen and bathroom besides a shared living space.

1-BEDROOM APARTMENTS IN THE PARAGON BUSINESS BAY

Covering 538 sq. ft., 1-bedroom apartments in The Paragon Business Bay will offer a master bedroom with an ensuite washroom and a built-in wardrobe. A powder room at the entrance of the flat will be reserved for guests and visitors. Ultra-modern kitchen features countertops with marble designs back-splash and high gloss cabinetry. The living room paves the way to a balcony offering views of green parks and the community.

EXECUTIVE 1-BEDROOM APARTMENTS IN THE PARAGON DUBAI

Executive 1 BHK apartments in The Paragon Dubai are fully furnished units with a spacious master bedroom, adjoined bathroom and a built-in closet. The kitchen comes with appliances. Executive apartments are expected to cover 723 sq. ft.

2-BEDROOM APARTMENTS IN PARAGON BUSINESS BAY

2-bedroom flats in Paragon Business Bay will cover 1,281 sq. ft. The ensuite-style bedrooms are equipped with in-built wardrobes and impeccable finishing. Double glazed floor-to-ceiling windows keep out noise and let sunlight in to create a bright, airy living space.

3-BEDROOM APARTMENTS IN PARAGON BUSINESS BAY DUBAI

3 BHK luxury apartments in Paragon Business Bay Dubai will cover 2,102 sq. ft. Built with the aim to epitomise perfection, these flats will have porcelain-tiled floors with European light fixtures in each room. In addition, double-glazed windows allow sunlight to enhance the aesthetics of the apartment year-round. The master bedrooms come with adjoined bathrooms. A powder room is reserved for guests and visitors. The kitchen and the living room are built adjacent to each other to establish a large living space. The kitchen features top-of-a-range appliances, including an oven, stovetop, fridge and washing machine.

One can access balconies from their bedroom and the living room. Just like other apartments, these also boast a similar view from the balcony: Dubai canal, Dubai skyline and parks.

If you are willing to invest in apartments for sale in The Paragon, the following information can come in handy.

To diversify your options, check out other apartments for sale in Business Bay catering to different needs. Apartments for rent in Business Bay are a good choice to decide whether you want to move to the district.

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NEARBY AMENITIES 

Transportation near The Paragon

One key benefit of living in Business Bay is quick access to public transport. As a resident of The Paragon Dubai, you can rely on bus stations and metro stations to commute to nearby communities.

BUS STATIONS NEAR THE PARAGON TOWER

Several bus stations near The Paragon make the commute easier for residents. Within a short walking distance, one can reach Business Bay 2, Mayfair Residency 1 and 2, Fairview Residency 1 and 2 and Volante Dubai Tower stops.

METRO STATIONS NEAR THE PARAGON TOWER BUSINESS BAY

Red stations serviced by Dubai Metro are easily accessible from The Paragon Tower Business Bay. Business Bay Metro Station is a 5-minute drive. Burj Khalifa/Dubai Mall and Al Safa Metro Stations can be reached within 8 minutes by car.

Restaurants near The Paragon Dubai

Finding casual and upscale dining options near The Paragon Dubai is easy. Some popular options include:

  • The Canal Lounge
  • Molecule
  • Czn Burak Dubai
  • Prime 68
  • Tong Thai

If you want to explore gastronomic delights near The Paragon further, here’s a list of some of the top restaurants in Business Bay.

Supermarkets near The Paragon

There are a handful of mini-marts and supermarkets near The Paragon Dubai.

  • Up Town Minimart
  • Eight Supermarket
  • Better 1 Mart

In addition to these stores within a 5-minute walk, branches of some of the best supermarkets in Dubai are nearby. The list includes Spinneys, Carrefour and West Zone Supermarket.

Nearby Attractions

Residents of The Paragon Business Bay will be excited to know that some top tourist attractions in Dubai are a quick drive from the building. Within 10 minutes, you can reach:

  • Burj Khalifa
  • Museum of the Future
  • Bay Avenue Mall

Burj Khalifa

Burj Khalifa is perhaps the city’s most celebrated and visited tourist attraction. Thousands of spectators enjoy visiting the mega-structure and snapping pictures with the tallest tower in the world.

Burj Khalifa near the paragon by IGO
The tallest structure in the world

Museum of the Future

Museum of the Future is a project of the Dubai Future Foundation. The museum comprises three sections: the green hill, the building and the void – each representing elements like earth, humankind and innovation. Once there, you can experience robot baristas, virtual avatars, space missions and an epic viewing deck.

Bay Avenue Mall

Bay Avenue Mall is the go-to shopping destination for those living in Business Bay and nearby communities. The shopping mall boasts premium brand stores, restaurants, supermarkets and other retail outlets.

Bay Avenue Mall in Business Bay
The mall hosts some of the best retail outlets
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FAQs

Are there schools near The Paragon?

Outstanding-rated schools such as Horizon English School Dubai and Jumeirah English Speaking School are close to the tower.

When is the handover date for The Paragon building?

The handover is expected in 2025.

Featured Image Credit: The Paragon by IGO Official Website

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