Aykon City

About the project

Aykon City is a finished residential development by Damac Properties in Business Bay, on Sheikh Zayed Road and overlooking Dubai Water Canal. It comprises four towers connected by a central podium, with apartments and serviced hotel apartments. The project is recorded as 100.00% complete, with a completion date of 30 August 2023.

A four-tower development on Dubai Water Canal

Aykon City is arranged as four towers linked by a central podium on Sheikh Zayed Road. The development overlooks Dubai Water Canal and includes a podium environment with swimming pools, green spaces, lounge areas and a spa. The towers contain apartments as well as serviced hotel apartments managed by DAMAC Maison Hotels & Resorts. Floor-to-ceiling windows are a stated feature of the apartments, with views that include Dubai landmarks and the Arabian Gulf. A canal marina and boardwalk are located nearby. The project sits within Business Bay, a mixed-use district with residential high-rises, office towers, waterfront promenades and marina-related development along the canal corridor.

Apartments and serviced hotel apartments

The residential offering includes studios and apartments with one, two or three bedrooms. Aykon City also includes serviced hotel apartments managed by DAMAC Maison Hotels & Resorts, creating a separate hospitality component within the wider development. Furnished apartments and equipped kitchens form part of the stated residential provision. Floor-to-ceiling windows are included in the apartment specification, and the development is positioned to take in views of Dubai landmarks, Dubai Water Canal and the Arabian Gulf. The project contains 1,231 total units across a total area of 133,058.02 square metres. The completed Tower B is configured with two basement levels, a ground floor, 11 podium levels, 53 floors, a roof and one upper roof level, incorporating hotel apartments, retail and offices.

Facilities, dining and retail

Aykon City provides swimming pools, green spaces and a spa. The central podium is described as having a beach club environment, alongside lounge areas for residents and visitors. Dining, café, retail and entertainment options are included within the development’s facilities. These uses complement the residential and serviced hotel apartment components of the four-tower scheme. Retail space is also part of Tower B’s recorded configuration. The project’s setting near Dubai Water Canal places it close to the canal marina and boardwalk. Together, the on-site facilities and canal-side setting establish a mixed-use environment that combines homes, serviced accommodation, leisure facilities, dining and retail within the same development.

Business Bay setting and nearby places

Aykon City is located in Business Bay on Sheikh Zayed Road, overlooking Dubai Water Canal. Safa Park is 0.9 km away, while Dubai Bowling Center is 0.8 km away. Action Park Business Bay is 1.5 km from the development, and Bay Avenue Mall & Park and Bay Avenue Park are each 1.8 km away. Boxpark is 2.1 km away and is also home to Roxy Cinema at Boxpark. Vox Cinema at Galleria Mall Al Wasl is 2.9 km away, while Roxy Cinema at The Hub at City Walk is 3.1 km away. The Track Meydan Golf is 6.3 km away, Dubai Hills Golf Club is 6.7 km away and Dubai Creek Golf & Yacht Club is 10.9 km away.

Completion and project status

Aykon City began on 1 July 2016 and is recorded as finished. Its completion ratio is 100.00%, based on an inspection dated 31 July 2023. The recorded project completion date is 30 August 2023. The development’s four-tower arrangement, central podium, apartments and serviced hotel apartments form the principal components of the finished scheme. Tower B includes hotel apartments, retail and offices in addition to its residential structure. Buyers considering Aykon City are therefore reviewing a completed project in Business Bay rather than a development under construction.

Damac Properties

Aykon City was developed by Damac Properties. Damac Properties has operated in the Middle East real estate market since 2002 and has delivered residential, commercial and leisure properties across the UAE, Saudi Arabia, Qatar, Jordan, Lebanon, Oman and the United Kingdom. The company has delivered more than 24,330 homes. Its development portfolio included more than 40,000 homes at various stages of planning and progress, alongside 10,000 hotel rooms, serviced hotel apartments and hotel villas managed by DAMAC Hotels & Resorts. At Aykon City, the serviced hotel apartments are managed by DAMAC Maison Hotels & Resorts.

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