Aykon City Tower

Key facts

Handover (past)

Q3 2023

Status

Ready

Construction progress

100%

Property types

Apartments

Availability

Available

How Aykon City Tower compares

Entry here is AED 955,500, against a median of AED 2.7M across the 42 priced projects in Business Bay, the lowest entry price in the community. The plan opens at 100% down, against a Dubai median of 20%, so it asks 80% more up front than the typical plan. Handover lands in Q3 2023, alongside 18 other projects completing in the same quarter. DAMAC has 42 projects in our catalogue, 10 of them in Business Bay.

Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.

Payment plan

Available units

Amenities

• Gym
• Kids Play Area
• Swimming Pools
• Yoga Area
• Sauna

Location

Aykon City Tower sits in Business Bay.

Master plan

The developer’s own site plan for Aykon City Tower, showing how the buildings, roads and open space sit together.

What you pay, and when

Payments are staged 100% on booking. At the AED 955,500 entry price, that is AED 956,000 to reserve a unit.

On top of the price, the Dubai Land Department charges 4% to register the sale, about AED 38,000 at this entry price. Under Dubai's Law 8 of 2007, that 100% booking payment goes into a RERA-supervised escrow account rather than to DAMAC directly, and is drawn down against certified construction progress.

What the entry price works out at

The cheapest unit with a published size is 331 square feet at AED 955,500, which works out at AED 2,885 per square foot. Stated sizes run from 331 to 1,704 square feet.

Handover and construction

Aykon City Tower reached handover in Q3 2023. Construction was last recorded at 100% complete.

Ownership and residency

The 10 year UAE golden visa has a property threshold of AED 2,000,000, which the entry price does not reach, though 2 bedroom units here start at AED 2,924,250 and clear it on their own.

What it costs to hold

Service charges in Business Bay run roughly 14 to 22 AED per square foot per year, on the Dubai Land Department service charge index. Towers inside one community can differ by a factor of two, so treat that as a range to check against the specific building rather than a quotation. On the 331 square foot entry unit that is about AED 5,000 to AED 7,000 a year.

Who it suits

The development is Apartments in studio to 3 bedroom layouts. studios start at AED 955,500 and 3 bedroom units at AED 4,751,250, so one building covers a first rental purchase and a family home.

What is on site

Among the shared facilities recorded for Aykon City Tower are gym, kids play area, swimming pools, yoga area and sauna. The development is 30 units in total. 28 floor plans are published for it.

Frequently asked