DAMAC Properties · Business Bay · Dubai
A multi-tower mixed-use development on the Dubai Canal in Business Bay, offering residential, hotel, and branded residences.
DAMAC Properties is one of the UAE's leading developers with a track record of delivering quality residential communities across Dubai. Aykon City sits within Business Bay, benefiting from established infrastructure and strong tenant demand from the region's professional and expatriate population.
| Metric | Detail |
|---|---|
| Developer | DAMAC Properties |
| Location | Business Bay, Dubai |
| Entry Price | AED 1,100,000 |
| Gross Yield (est.) | 5.8–7.2% |
| Asset Class | Residential — Freehold |
Business Bay has established itself as a premium residential destination in Dubai, supported by strong population growth, improving public infrastructure, and sustained rental demand from the UAE's growing expatriate community. DAMAC Properties's track record in master-planned community development provides investors with confidence in long-term asset quality and management standards.
Investors in Aykon City benefit from: UAE's 0% income and capital gains tax environment, freehold ownership rights for all nationalities in designated investment zones, and access to UAE's stable AED-USD peg which eliminates currency risk for dollar-denominated investors. Service charges are managed by DAMAC Properties's in-house management arm, ensuring consistent community standards.
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