Aykon City is a residential project by Damac Properties in Business Bay, Dubai, with prices from AED 650 000, handover Q4 2027, 1224 units.
Layouts and sizes
| Type | Size, sq.ft |
|---|---|
| Studio | 344 |
| 1 Bedroom | 2 112 |
| 2 Bedroom | 818 |
| 3 Bedroom | 1 302 |
Floor plans
Payment plan 75/25
- Down payment20%
- During construction55%
- On handover25%
Construction progress
- StatusReady
- Construction started2016-07-01
- HandoverQ4 2027
- Status date31.07.2023
- Escrow bankEmirates NBD
- DLD project number1726
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 |
|---|---|---|---|
| 07.08.2026 | Studio | 32.2 | 500 000 |
| 27.07.2026 | Studio | 44.9 | 680 000 |
| 16.07.2026 | 2 BR | 93.7 | 2 000 000 |
| 15.07.2026 | Studio | 39.7 | 638 104 |
| 13.07.2026 | Studio | 39.0 | 615 000 |
| 08.07.2026 | 3 BR | 158.2 | 4 577 625 |
| 08.07.2026 | Studio | 48.5 | 747 337 |
| 26.06.2026 | 1 BR | 64.6 | 1 000 000 |
| 25.06.2026 | 1 BR | 64.6 | 1 000 000 |
| 24.06.2026 | 1 BR | 75.7 | 1 345 452 |
| 24.06.2026 | 1 BR | 66.9 | 880 000 |
| 18.06.2026 | Studio | 38.4 | 641 555 |
| 17.06.2026 | 2 BR | 100.0 | 1 550 000 |
| 16.06.2026 | 1 BR | 62.6 | 1 002 148 |
| 11.06.2026 | 1 BR | 58.6 | 961 976 |
| 04.06.2026 | 1 BR | 66.9 | 1 023 078 |
| 21.05.2026 | Studio | 16.1 | 375 008 |
| 19.05.2026 | 1 BR | 32.3 | 686 000 |
| 12.05.2026 | Studio | 42.7 | 850 000 |
| 11.05.2026 | 1 BR | 58.6 | 900 000 |
Rentals — 20
| Date | Type | Size, m² | Rent, AED/yr |
|---|---|---|---|
| Hotel | 67.0 | 100 000 | |
| Hotel | 74.0 | 110 000 | |
| Hotel | 74.0 | 110 000 | |
| Hotel | 74.0 | 110 000 | |
| Shop | 51.0 | 103 740 | |
| Shop | 48.0 | 98 990 | |
| Shop | 51.0 | 103 740 | |
| Shop | 555.0 | 1 200 000 | |
| Shop | 58.0 | 118 560 | |
| Shop | 58.0 | 115 440 | |
| Shop | 51.0 | 109 200 | |
| Shop | 48.0 | 93 070 | |
| Shop | 761.0 | 1 246 401 | |
| Hotel | 65.0 | 110 000 | |
| Hotel | 158.0 | 210 000 | |
| Hotel | 70.0 | 100 000 | |
| Hotel | 63.0 | 85 000 | |
| Hotel | 59.0 | 55 000 | |
| Hotel | 40.0 | 65 000 | |
| Hotel | 58.6 | 55 000 |
Dubai Land Department transaction registry, updated 2026-08-11. Explore Dubai property transactions →
Amenities
- Swimming pools
- Green spaces
- Spa
- Cafés
- Lounge areas
- Dining options
- Retail options
- Entertainment options
- Equipped kitchens
- Furnished apartments
Places nearby
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.
Registered transactions in Aykon City
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 | 40 | 794 920 | 19 873 | 700 |
| 1 bedroom | 65 | 1 274 900 | 19 614 | 671 |
| 2 bedrooms | 98 | 1 881 000 | 19 194 | 164 |
| 3 bedrooms | 157 | 3 052 700 | 19 444 | 54 |
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 — -20% 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.
