Aykon City Tower

Aykon City Tower sits on Sheikh Zayed Road in Business Bay, developed by DAMAC and completed in Q3 2023. A single residential tower within the broader Aykon City mixed-use development, it offers studios, one-, two- and three-bedroom apartments at prices ranging from approximately AED 955,500 to AED 3.73 million.

# The tower and its position on Sheikh Zayed Road

Business Bay has spent the better part of a decade resolving its identity. The name implies commerce, and the district does carry significant office stock, but the southern edge of Downtown Dubai has matured into a mixed-tenure neighbourhood where residential towers now line the Dubai Canal and draw buyers who want proximity to the city's core without paying Downtown's premium directly.

Aykon City Tower occupies one of the more prominent positions in that landscape: frontage onto Sheikh Zayed Road, the arterial corridor that runs from the city centre toward Abu Dhabi. The tower forms part of a larger podium development, the broader Aykon City master plan comprising four interconnected towers linked at their base. The floor-to-ceiling glass facade, characteristic of DAMAC's approach on this site, reflects both the canal and the skyline it faces.

Construction reached full completion in 2023. Buyers purchasing now acquire a finished, registered asset rather than an off-plan position.

# Residences, layouts and sizes

The available inventory across 34 units spans four configuration types. Studios run from roughly 331 sq ft to just over 516 sq ft, priced from AED 955,500 to approximately AED 1.45 million. One-bedroom apartments range considerably, from 561 sq ft up to around 873 sq ft, with prices from AED 1.43 million to AED 2.40 million, a spread that reflects both floor level and orientation.

Two-bedroom units cover 817 sq ft to 1,325 sq ft and are priced between AED 2.23 million and AED 3.73 million. Three-bedroom residences are consistent at 1,703 sq ft, with asking prices from AED 4.75 million to AED 4.93 million.

The apartments are unfurnished. Buyers can configure interiors to their own specification, which suits both owner-occupiers and investors furnishing for the rental market. Service charges run at 22 to 24 AED per sq ft annually, broadly in line with comparable Business Bay towers of similar scale and amenity provision.

# What the building provides

The amenity package covers the essentials without overpromising. Residents have access to a gym, swimming pools, a yoga area, a sauna and a dedicated children's play area. The facilities sit within the podium level shared across the Aykon City development, which gives the building a broader base of communal infrastructure than a standalone tower of equivalent size would typically support.

# Business Bay as an address

Business Bay connects directly to Downtown Dubai to the north and to Al Quoz and the Dubai Canal walk to the south and west. The Burj Khalifa and Dubai Mall are within a short drive; the Business Bay Metro station on the Red Line provides rail access without requiring a car. The canal itself, developed progressively since the mid-2010s, now supports a walkable waterfront with dining and leisure options along its banks.

The district draws a broad occupant profile: regional professionals, short-term rental operators and international buyers treating Dubai as a portfolio diversification. Rental demand in Business Bay has remained consistent given the volume of corporate tenants working across the neighbouring office stock.

# Who the remaining inventory suits

With construction complete and a relatively small pool of 34 available units, Aykon City Tower suits a buyer who has moved past the research phase and wants a finished asset in a liquid sub-market. The entry point at under AED 1 million for a studio is low by Business Bay standards for a completed DAMAC project, and the three-bedroom ceiling of approximately AED 4.93 million keeps it accessible relative to Downtown Dubai pricing directly to the north.

The unfurnished specification and the service charge level position it most naturally for investors targeting the mid-market rental segment, or for end-users willing to fit out to a personal standard. It is not a boutique product with limited-edition finishes. It is a practical, well-located completed tower in one of Dubai's most active residential postcodes.