Is this a good buy?
Buy / Watch / Skip verdict scored against similar homes.
WATCH 72/100 conviction
OFF-PLANDEVELOPER OFF-PLAN
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Wolfie Verdict
WATCH72 / 100 conviction
Aykon City Tower by DAMAC is a Developer Off-Plan launch in Business Bay, handover 2023-Q3. Entry pricing starts at From AED 955K.
Business Bay averages 7.5% annual appreciation and 6.8% area rent return once handed over. Wolfie projects a 43.6% value uplift over 5 years on these community fundamentals.
Investment Summary
Numbers at a glance
| Entry price | From AED 955K |
| Handover | 2023-Q3 |
| Payment plan | Payment plan |
| Area average rent return | 6.8% |
| Annual appreciation | +7.5% |
| Y5 projected value | AED 1.37M |
| Golden Visa eligible | No |
| Developer | DAMAC |
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Location & Investment Impact
Location Analyzer
Schools (1) Healthcare (1) Shopping (1) Transport (2)
Business Bay, Dubai, United Arab Emirates
Whatโs nearby
Metro station
Business Bay Metro
5min
Major road
Al Khail Road
4min
Shopping centre
Bay Avenue Mall
4min
School
Jumeirah International Nurseries
7min
Hospital
Aster Clinic Business Bay
6min
Business hub
DIFC
6min
What this location means for your investment
Homes in Business Bay command around a 10% rental premium over the central-Dubai average, driven by Dubai Water Canal frontage and a walk to Downtown.
Corporate tenants from DIFC and Downtown Dubai, both under 7 minutes away, keep demand steady year round.
A dense commercial core and constant tenant churn support steady rental growth.
Property description
About Aykon City Tower
Project Summary
Aykon City Tower is a completed residential development by DAMAC in Business Bay, delivered in Q3 2023. The 35-unit tower is one of four structures within the AYKON City complex, connected by a central podium and positioned along Sheikh Zayed Road overlooking Dubai Canal. Starting prices range from 955,499 AED to 4,769,100 AED, with service charges of 22 to 24 AED per square foot. Residences feature floor-to-ceiling windows, proportioned living spaces with natural light, and equipped kitchens with necessary furniture and appliances. The tower's glass faรงade and sharp architectural lines provide view corridors toward the Arabian Gulf, Burj area, Safa Park, and Dubai Marina. Business Bay sits south of Downtown Dubai along Sheikh Zayed Road, the main vehicular artery connecting Dubai to Abu Dhabi. The district hosts residential properties, hotel towers, restaurants, schools, medical facilities, supermarkets, and banking centers, with regular community events throughout the year.
Features & Amenities
Gym
Kids Play Area
Swimming Pools
Yoga Area
Sauna
Payment Plan
Payment plan
Floor Plans
Available units
| Type | Bedrooms | Size | Price | |
|---|---|---|---|---|
| 0-Bedroom | 0 | 419.9โ419.9 | AED 1.03M | |
| 0-Bedroom | 0 | 413.44โ413.44 | AED 1.11M | |
| 0-Bedroom | 0 | 426.47โ426.47 | AED 1.16M |
Full Wolfie Report
Want the complete Wolfie analysis for this property?
Weโll generate a full PDF report, Wolfie Verdict, exit-strategy scenarios, capital appreciation, rental yield, and the investor brief, and an advisor will follow up to walk you through it.