Damac launches $2 billion Aykon City

Damac Properties has launched a new six-tower project, which the company have titled Aykon City.

The luxury project comprises of an 80-storey Aykon Hotel and Residences, a 63-storey Damac Maison serviced hotel residences, a 60-floor apartment tower, a 65-storey office tower and two 30-floor luxury residential towers featuring car lifts to each unit and direct views of the Dubai Canal and Safa Park.

Aykon City is a four million ft² development, located on the eastern and western sides of Sheikh Zayed road at the Safa Park intersection and in close proximity to the Dubai Canal.

This project will also feature the ‘Aykon Dare’ - offering guests a chance to walk around the outside of the tower’s roof offering views of the city.

The Aykon Plaza will feature swimming pools, a spa, beach club, cafés, restaurants, yoga and Tai-chi centres and private members club.

The project sales value is US $2.01 billion (AED 7.4 billion) and construction is due to commence before this summer with an expected completion date of 2021.

Hussain Sajwani, chairman of Damac said: “This area of our city is one of the most important developments in Dubai’s expansion, opening up access to many kilometres of the Dubai Canal. Aykon City is testament to our commitment and belief in Dubai’s economy and the future of the real estate sector.”

As of December 31 2015, Damac Properties has delivered in excess of 15,500 homes and has a development portfolio exceeding 40,000 units at various stages of progress and planning, a company statement claimed.

The figure is inclusive of more than 13,000 hotel rooms and serviced hotel apartments, which will be managed by its hospitality arm, Damac Hotels & Resorts.