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1. Definition of the area and data structure
Actual location: AYKON CITY is registered in the DLD under the address Business Bay (area: Business Bay, master project not specified in the database). All calculations and comparisons are made for this area. The DLD database records around 917 transactions for “Studio” (0BR) apartments in this building, which allows for building‑level analytics with solid statistics.
2. Transaction and price dynamics in the sales market (Studio, AYKON CITY and Business Bay)
Transaction frequency: From 2020 to 2024, studio transactions in AYKON CITY show a steady flow — typically 10–20 per quarter, and in some periods more than 40, which indicates good liquidity of the building within the project (especially in 2022–2023).
Price dynamics per square meter (AYKON CITY):
– In 2020, the average transaction price per m² ranged from 16,500 to 20,500 AED.
– In 2021, there was volatility (from 15,700 to 25,100 AED), followed by stabilization around 20,000–24,000 AED/m² in 2022–2023.
– In 2023–2024, the average level slightly decreased to 21,000–22,000 AED/m²; over the last 12 months it stands at 18,870 AED/m² (82 transactions).
Area price dynamics (Business Bay, studios):
– Over the same period in Business Bay, values have been consistently higher: on average 24,000–29,000 AED/m², and about 27,900 AED/m² over the last 12 months (more than 5,000 transactions per year).
As a result, the current price per m² for studios in AYKON CITY is roughly 32% below the Business Bay area average. The building is selling at a discount to the average market level for studios in Business Bay.
3. Rental market analysis
For AYKON CITY itself, the DLD has not recorded a single official studio rental contract over the entire period that would be valid for statistics (this situation is common for new or recently handed‑over projects — tenants may not yet have registered through DLD, or the database has not been updated).
At the Business Bay area level, the average rental rate for studios over the last 12 months was approximately 1,591 AED/m²/year (3,687 contracts per year). In quarterly dynamics, rents have been steadily rising: from about 1,050–1,200 AED/m² in 2020–2021 to the current 1,500–1,600 AED/m²/year range.
Important note: all rental estimates are only at the Business Bay area level, since for AYKON CITY itself and its master project there is not a single confirmed studio contract in the DLD database.
4. Comparison of purchase and rental prices, investment potential assessment
Average sales price per m² for studios over the last 12 months (AYKON CITY, building): 18,870 AED/m².
Average rental rate per m² over the last 12 months (Business Bay, area): 1,591 AED/m²/year.
Gross yield (ROI) for studios, if guided by the typical area rental level: about 8.4% per annum (1,591 / 18,870). This is slightly above the “area benchmark” (for an average studio unit in Business Bay the ROI is 5.7%).
Adjustment to net yield (taking into account entry costs — DLD, agency fees, vacancy): the indicative net yield for AYKON CITY at current transaction levels is 7.8–7.9% per annum, which is quite high for studios in Dubai’s central districts.
The “fair price range” for an investor targeting 7–8% per annum in this area is 19,900–22,700 AED/m² (calculation: 1,591 / 0.08 = 19,900 as the minimum, 1,591 / 0.07 = 22,700 as the maximum price for a target yield of 7–8%). The current actual sales level in AYKON CITY fully fits within this range and is even slightly more attractive (price discount to the area).
5. Conclusions on liquidity, outlook and strategy
– AYKON CITY is one of the most liquid buildings in terms of the number of new studio transactions in Business Bay.
– The current average price is 32% below the area market, which provides an ROI advantage and upside potential for price growth towards the Business Bay level over a 2–4 year horizon.
– Rental flows in the area are high and steadily growing; the position of landlords remains strong for now.
– The Business Bay studio market has become more attractive for investors: at current prices, gross yields exceed 8% per annum.
– If a flow of new rental contracts appears in the building itself, the potential alignment of prices per m² with the area will lead to additional capital appreciation.
THE ANALYSIS AGAIN RELIES ONLY ON DLD DATA; without official rental contracts for the building itself, yields are estimated at the area level.
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