Off-planQ4 2029
DAMAC Properties · Business Bay
Aykon City 3 is a two-tower mixed-use development in Business Bay, Dubai, comprising 1,294 residential units across Tower A and Tower D. The project combines apartments, hotel rooms, and office spaces within a single concrete-and-block structure configured as 1 basement plus ground floor, 10 podium levels, 73 upper floors, 3 mechanical floors, and a roof. Construction started in December 2019 and is progressing under an active DLD permit.
Unit sizes run from 405 sq ft studios through to 3-bedroom apartments at 1,304 sq ft, giving the development a broad appeal across owner-occupiers and investors. Starting prices open at AED 850,000 for a studio, with 2-bedroom units from AED 1,400,000 and 3-bedroom units from AED 2,200,000.
The project is delivered as two towers sharing a unified podium. The structural system is reinforced concrete with blockwork partitions, finished internally and externally to a consistent specification across all residential, hospitality, and commercial components. The high floor count gives upper-level apartments direct sightlines toward Downtown Dubai and the Dubai Canal corridor that runs through Business Bay.
DAMAC Properties has been active in the Middle East real estate market since 2002 and has delivered residential towers, hotel projects, and resort communities across Dubai and internationally. The company is listed on the Dubai Financial Market and operates its own hospitality brand alongside its residential development arm. Aykon City 3 sits within the broader Aykon City master scheme, which DAMAC developed on the Sheikh Zayed Road frontage adjacent to the Dubai Canal.
Business Bay consistently ranks among Dubai's highest-transaction districts for off-plan projects in Dubai and secondary apartments, driven by its canal-front positioning, proximity to Downtown Dubai, and strong short-term rental demand. The 100% down payment structure on Aykon City 3 suits cash buyers seeking a clean title transfer, while the price-per-sqft entry point for studios and 2-bedroom units remains competitive relative to comparable towers in the submarket. The DLD project end date is set for December 2027, aligning with continued infrastructure investment in the Business Bay and Dubai Water Canal corridor.
Business Bay sits directly south of Downtown Dubai, with Al Khail Road and Sheikh Zayed Road providing fast access to Dubai International Airport (approximately 15 minutes by car) and Dubai Marina (approximately 20 minutes). The Business Bay Metro Station on the Red Line is within walking distance, while the Dubai Water Canal promenade runs along the northern boundary of the district, making Business Bay one of the well-connected communities in Dubai with easy access to key residential, commercial, and lifestyle destinations across the city.
Within the immediate neighbourhood, occupants have access to a high density of dining, retail, and professional services. Dubai Mall and Burj Khalifa are roughly 5 minutes by car, and the DIFC financial district is accessible via the canal bridge in under 10 minutes.
DLD-verified today
Real Dubai Land Department transactions and rent contracts — not developer marketing.
studio · 2,990 sales analyzed
At the starting price of AED 850,000, typical rent for a studio in Business Bay (AED 59,000/year, ~AED 4,900/month) implies a 6.9% gross yield.
Based on 500 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.
Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.
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