The Paragon by IGO, Business Bay
The Paragon by IGO is a residential tower in Business Bay, developed by Invest Group Overseas (IGO) and completed in 2025, with studio to three-bedroom apartments close to the Dubai Canal. Business Bay is one of the areas Royale Stays actively manages, and Royale Stays handles the setup, pricing and guest side of listing a Paragon unit for a fee from 15%.
Storeys
21 (sources vary: 21-24)
Developer
Invest Group Overseas (IGO)
Completed
2025
Units
Studio-3BR
Area
Business Bay
About The Paragon by IGO
The Paragon by IGO comes from Invest Group Overseas (IGO), a Dubai-based developer founded in 2004 with residential projects across areas including Business Bay, Dubai Marina and Jumeirah Village Circle. Sources put the tower's height at 21 storeys (Bayut and Property Finder both independently list it this way), though Propsearch records a taller 24 storeys for the same building, a discrepancy this guide flags rather than resolves.
The building holds a mix of studio, one, two and three-bedroom apartments. Studios run around 416 square feet, one-bedroom units span roughly 600 to 860 square feet across different listings, and two-bedroom units run roughly 1,220 to 1,380 square feet. A reliably cross-confirmed total unit count was not available when this guide was researched, so we have left the figure out rather than repeat a single, unclearly-sourced number as fact.
Location & Nearby Landmarks
The Paragon by IGO sits in Business Bay near Al Khail Road (E44), with several units offering views of the Dubai Canal and the wider city skyline. Royale Stays' Business Bay Airbnb management guide covers what makes the district work for short-term rentals as a whole.
Other Business Bay towers covered separately on royalestays.com include Safeer Tower 1 and The Scala Tower, both elsewhere in the district.
Unit Types
The Paragon by IGO offers studio, one-bedroom, two-bedroom and three-bedroom apartments. Studios run around 416 square feet, one-bedroom units span roughly 600 to 860 square feet, and two-bedroom units run roughly 1,220 to 1,380 square feet, with three-bedroom units sized larger again. Every apartment comes with an assigned parking space, and units include floor-to-ceiling windows and built-in wardrobes in every bedroom, per the developer.
Amenities
Residents have access to a fitness centre, a squash court, a private indoor cinema, a cafe, a swimming pool, landscaped terraces, a barbecue area and dedicated yoga and meditation space. The substructure holds four basement parking levels, with one covered space allocated per apartment.
Transportation & Access
The tower's Business Bay position near Al Khail Road puts Downtown Dubai and the Burj Khalifa and Dubai Mall district within a short drive, with the wider district's Metro station and bus network serving the area. Al Khail Road also gives quick onward access toward Dubai Marina and JLT.
Rental & Price Trends
No independently verified rental or sale figures specific to The Paragon by IGO were available when this guide was researched, so none are quoted here rather than repeating a single listing site's estimate as a market figure. Owners weighing a specific unit's numbers can run their own scenario through Royale Stays' ROI calculator with the figures they actually have.
Airbnb / Short-Term Rental Income Potential
Business Bay is one of the areas Royale Stays actively manages, and a canal-adjacent tower like The Paragon by IGO with a studio-to-3BR mix fits the pattern that tends to work well for short stays in the district. IGO is a private residential developer, not a hotel brand, and The Paragon carries no confirmed short-term-letting prohibition: only Vida-branded buildings are confirmed off-limits under company policy.
Royale Stays handles furnishing, photography, pricing, check-in, guest communications and maintenance coordination, for a fee from 15%. Owners in The Paragon by IGO ready to explore what their unit could earn can submit their property for a free earnings estimate.
Income context reviewed by Chris Veinbaums, DTCM-licensed operator.
Questions