Aykon City

This ready studio at Aykon City by Damac Properties offers 407 sq ft on Sheikh Zayed Road by the Dubai Canal, priced from AED 1,016,400 (about AED 2,497 per sq ft).

Aykon City is a Damac Properties development of connected towers on a shared podium at 395 Sheikh Zayed Road, on the banks of the Dubai Canal next to Downtown Dubai, with furnished studios and 1 to 3-bedroom apartments alongside hotel apartments and offices. The Dubai Land Department registers the towers separately: Aykon City (project 1726, Damac Canal One Property Development L.L.C), completed in Q3 2023, and Aykon City 2 (project 1746, Damac Canal Two Property Development L.L.C), completed in Q4 2023, with a third phase, Aykon City 3 (project 2200), still under construction. Its Tower B alone rises 53 storeys with 1,218 homes. Residents have a swimming pool, a beach club, a spa and fitness centre, walking and jogging paths, landscaped gardens, playgrounds, a co-working space, restaurants, cafés and retail, with concierge.

Sheikh Zayed Road is about 3 minutes away, Burj Khalifa and Dubai Mall about 6 minutes, Dubai Opera about 7 minutes, City Walk about 8 minutes and Jumeirah Beach about 7 minutes by car.

The studio suits investors who want a furnished, ready unit on Sheikh Zayed Road with hotel-style amenities.

How does the price compare with Business Bay? Registered sales in Business Bay had a median of AED 2,431 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 4,754 sales). At about AED 2,497 per sq ft, this unit is in line with that median.

What rental yield can investors expect in Business Bay? The median annual rent was AED 95,000, a gross yield of about 4.6% over the same period (Dubai Land Department, 17,685 Ejari contracts in Business Bay). Actual returns depend on the unit, floor and current market conditions.

Is Aykon City ready to move in? Yes. The Dubai Land Department lists the first two Aykon City towers as finished in 2023. Contact Platinum Square for current availability and viewings.