Aykon City 3 is a residential project by Damac Properties in Business Bay, Dubai, with handover 30.12.2027, construction 31.4% complete per the DLD registry.
Payment plan 75/25
- Down payment20%
- During construction55%
- On handover25%
Construction progress
- Handover30.12.2027
- Status date12.04.2026
- DLD project number2200
Data from the Dubai Land Department project registry (updated 12.08.2026 09:55).
Construction photos are taken by the technical inspectors of the Dubai Land Department (DLD) and remain its property. We show compressed copies; full-resolution originals are available in the Real Estate Project Status service.
All Dubai construction in the DLD register · Developer: Damac Properties · District: Business Bay
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 03.08.2026 | 1 BR | 69.7 | 2 045 001 |
| 03.08.2026 | 1 BR | 73.4 | 2 250 003 |
| 03.08.2026 | 1 BR | 73.2 | 2 165 006 |
| 23.07.2026 | 2 BR | 105.3 | 2 860 466 |
| 23.07.2026 | 2 BR | 105.2 | 2 856 508 |
| 08.07.2026 | 1 BR | 73.3 | 1 540 000 |
| 29.06.2026 | 3 BR | 138.5 | 3 804 000 |
| 24.06.2026 | 2 BR | 107.2 | 2 548 000 |
| 18.06.2026 | 1 BR | 36.0 | 882 500 |
| 11.06.2026 | 1 BR | 71.2 | 2 069 820 |
| 09.06.2026 | Studio | 47.3 | 1 271 000 |
| 05.06.2026 | 2 BR | 121.7 | 3 413 610 |
| 04.06.2026 | Studio | 33.0 | 842 000 |
| 02.06.2026 | Studio | 33.3 | 790 000 |
| 01.06.2026 | 1 BR | 35.9 | 1 004 978 |
| 19.05.2026 | 1 BR | 95.8 | 2 433 000 |
| 07.05.2026 | 1 BR | 73.2 | 1 755 180 |
| 27.04.2026 | 1 BR | 72.2 | 1 696 000 |
| 24.04.2026 | 1 BR | 69.5 | 1 833 000 |
| 15.04.2026 | 1 BR | 68.1 | 2 080 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
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About the project
Aykon City 3 is an active residential development in Business Bay, Dubai, by Damac Canal One Property Development. The project comprises two buildings and has 1,300 total units. Its recorded completion ratio is 31.35%, with an inspection date of 12 April 2026 and a scheduled completion date of 30 December 2027.
Project configuration and construction
Aykon City 3 is planned as a residential development comprising two buildings. The recorded tower configuration is 1 basement level, ground floor, 10 podium levels, 73 floors, three mechanical levels and a roof. The buildings are designed with a concrete structure, blockwork, and internal and external finishes. Construction started on 10 December 2019. The project is active, and its completion ratio was recorded at 31.35% at the inspection dated 12 April 2026. The scheduled project completion date is 30 December 2027.
Scale of Aykon City 3
The project has a recorded total area of 194,369.18 and 1,300 total units. It consists of two buildings within Business Bay. Its residential configuration includes a basement, a ground floor, 10 podium levels, 73 upper floors, three mechanical levels and a roof. This places Aykon City 3 within the high-rise built form that characterises much of Business Bay, where residential and commercial towers are arranged along the Dubai Canal corridor and the district’s internal road network.
Business Bay setting
Aykon City 3 is located in Business Bay, a mixed-use district along the Dubai Canal in central Dubai. The district contains office towers, residential high-rises, waterfront promenades and a marina precinct. Business Bay sits immediately southwest of Downtown Dubai and is 1.5 km from Burj Khalifa and Downtown Dubai. The Dubai Mall is 1.9 km away. The area has developed from a predominantly commercial master plan into a district with a substantial residential component alongside office and waterfront development.
Road and metro connections
Business Bay is served by the Dubai Metro Red Line. Station R26 is 551 metres from the district reference point. The district lies beside Sheikh Zayed Road and is connected to Al Khail Road through the local arterial road network. Dubai International Airport is 12.6 km from Business Bay, while Al Maktoum International Airport is 34.0 km away. Mall of the Emirates is 10.0 km away, Palm Jumeirah is 15.1 km away, Dubai Marina is 17.2 km away, and JBR Beach is 17.9 km away.
The surrounding urban district
Business Bay includes 156 projects, comprising 39 active developments and 103 completed projects, with 64,372 units across the district. Its wider freehold development footprint extends across 64 million square feet. The district’s built environment combines commercial towers with a growing number of residential buildings, canal-side schemes and landscaped public spaces. Waterfront components in the area include Marasi Business Bay, with residences, a marina and promenades, and Al Habtoor City on the Sheikh Zayed Road waterfront.
Completion timetable and current status
Aykon City 3 began construction on 10 December 2019 and is scheduled to complete on 30 December 2027. The project’s status is active. Its construction completion ratio is recorded as 31.35%, based on the inspection carried out on 12 April 2026. The development is identified as project number 2200. The scheduled completion date and active status place the project among the ongoing residential developments in Business Bay, where completed towers and new construction form part of the district’s continuing expansion.
Developer
Aykon City 3 is being developed by Damac Canal One Property Development. The developer is associated with a residential project in Business Bay, a district that contains completed residential towers, commercial buildings and waterfront developments along the Dubai Canal. The project’s construction programme began in December 2019 and has a scheduled completion date of December 2027. Aykon City 3 is configured as two residential buildings with 1,300 total units and a recorded total area of 194,369.18.
Registered transactions in Aykon City 3
Dubai Land Department records for this building: closed transaction prices, not asking prices or estimates. Figures are medians, so a single expensive sale does not move them.
The yearly figure compares the last 12 months with the 12 before them: calendar years would not work, the current one is unfinished. The district moved +5% over the same period, so the building lagged.
What buyers actually paid
| Type | Size, m² | Price, AED | Per m² | Deals |
|---|---|---|---|---|
| Studio | 46 | 1 164 000 | 25 304 | 125 |
| 1 bedroom | 72 | 1 827 000 | 25 375 | 666 |
| 2 bedrooms | 108 | 2 741 000 | 25 380 | 469 |
| 3 bedrooms | 155 | 3 860 220 | 24 905 | 132 |
Median across all recorded deals in this building. Rows with fewer than five deals are omitted: there is nothing to average there.
How the price per square metre moved
From 2022 to 2025 — +13% on the price per square metre in this building. The district moved +36% over the same period, so the building lagged the market.
Top to bottom: purchase price per m², year, annual rent per m², gross yield.
All figures are medians. Years with fewer than eight deals are skipped; rent is shown where there are at least twenty contracts. The yield is gross — service charges are not published in the register.
* 2026 is still in progress and its bar covers part of the year. The growth figure above uses completed years.
Source: Dubai Land Department transaction register. The register is updated daily; the figures here are recalculated weekly.
