Developer: Damac Properties · Business Bay

Safa Two by De Grisogono Aykon City 3

Safa Two by De Grisogono Aykon City 3 is a residential project by Damac Properties in Business Bay, Dubai, with handover Q4 2027, construction 31.4% complete per the DLD registry, 1300 units, 1 403 DLD-registered sales since 2022.

HandoverQ4 2027Developer supplied
Construction31.4%DLD registry · checked 12 Apr 2026
Units1 300DLD registry
DLD sales1 403 since 2022DLD registry
Median sale priceAED 25 298/m²Our calculation

Every figure carries its origin: “DLD registry” is taken from the Dubai Land Department register, “Developer supplied” is stated by the developer, “Our calculation” is computed by us from the first two. Developer prices change without notice — confirm before you commit. Methodology

Layouts and sizes

TypeUnitsTypical size, sq.ft
Studio107355–739
1 Bedroom607726–942
2 Bedroom4481 050–1 533
3 Bedroom1221 437–1 997
4 Bedroom14 145
5 Bedroom28 631–14 632
Other units7692–743

Size range excludes the smallest and largest 5% of units of each type.

All units are freehold. Data from the DLD registry.

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Handover date & construction progress

31.35%
  • StatusUnder Construction
  • Construction started2019-12-10
  • HandoverQ4 2027
  • Status date12.04.2026
  • Progress between DLD inspections+5% (2025-12-25 → 2026-04-12)
  • Escrow bankEmirates NBD
  • Scale2 bldg
  • DLD project number2200

Data from the Dubai Land Department project registry (updated 01.10.2026 09:55).

Construction progress 64
12 April 2026 31.35%
Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 1 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 2 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 3 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 4 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 5 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 6 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 7 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 8 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 9 of 10Safa Two by De Grisogono Aykon City 3, Business Bay construction progress — 12 April 2026, 31.35% complete, photo 10 of 10

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.

Recent transactions

DateTypeSize, m²Price, AED
16.09.20261 BR71.62 000 004
01.09.20261 BR71.92 067 560
01.09.20262 BR106.73 137 696
19.08.20261 BR73.11 976 000
17.08.20262 BR106.42 785 000
13.08.20262 BR127.84 523 310
03.08.20261 BR69.72 045 001
03.08.20261 BR73.42 250 003
03.08.20261 BR73.22 165 006
23.07.20262 BR105.32 860 466
23.07.20262 BR105.22 856 508
08.07.20261 BR73.31 540 000
29.06.20263 BR138.53 804 000
24.06.20262 BR107.22 548 000
18.06.20261 BR36.0882 500
11.06.20261 BR71.22 069 820
09.06.2026Studio47.31 271 000
05.06.20262 BR121.73 413 610
04.06.2026Studio33.0842 000
02.06.2026Studio33.3790 000

Dubai Land Department transaction registry, updated 2026-09-30. Explore Dubai property transactions →

Registered transactions in Safa Two by De Grisogono 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.

1 403deals since 2022
25 298AED per m², median
0%resale, the rest bought from the developer
-4%over the past year

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 +4% over the same period, so the building lagged.

What buyers actually paid

TypeSize, m²Price, AEDPer m²Deals
Studio461 164 00025 304125
1 bedroom721 828 00025 389669
2 bedrooms1082 744 00025 407472
3 bedrooms1553 860 22024 905132

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.

25 1372022——
24 5462023——
32 6232024——
28 3822025——
27 7762026*——

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.

How much is your property in Safa Two by De Grisogono Aykon City 3 worth?

DLD has recorded 1 403 sales in this building since 2022, 4 of them resales. We compare your unit with sales of the same layout here, not with asking prices. Free, reply within 24 hours.

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Safa Two by De Grisogono Aykon City 3

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.

Service charge: what to expect

The building is still under construction, so it has no RERA-approved budget yet — that comes after handover. The figures below are what already-completed buildings in the area pay.

Area median19.97 AEDper sq ft per year · 215 AED/m²
Range in the area4.94 – 53.95AED per sq ft · 84 buildings
A 1,000 sq ft unit≈ 19,970 AEDper year at the median · ≈ $5,438
vs Dubai median▲ +25.0%Dubai 15.97 AED/sq ft

Check the charge for a specific building →

Median across 84 completed buildings in Business Bay for 2026, from the DLD service charge index (Mollak). This is an area benchmark, not this project’s rate: RERA approves that after handover and it may land either side of the median.

Frequent questions

Where is Safa Two by De Grisogono Aykon City 3 located?
Safa Two by De Grisogono Aykon City 3 is located in Business Bay, Dubai. The project is developed by Damac Properties.
Who is the developer of Safa Two by De Grisogono Aykon City 3?
Damac Properties is the developer behind this project.
What is the handover date of Safa Two by De Grisogono Aykon City 3?
The expected handover date is Q4 2027. Construction is 31.35% complete per the latest DLD inspection (12.04.2026).
How can I buy an apartment in Safa Two by De Grisogono Aykon City 3?
Submit an enquiry via the form on this page or message us on WhatsApp — a Continental Club Property broker (RERA 31933) will help you choose a unit and send the brochure and payment plan.

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Project data comes from the Dubai Land Department (DLD) registry.

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How to cite:Safa Two by De Grisogono Aykon City 3 — Continental Club Property, from Dubai Land Department registry and developer data, 2026-10-01, https://continentalclub.ae/project/safa-two-by-de-grisogono-aykon-city-3-business-bay/