Dh7.4b Aykon City launched
Damac Properties on Saturday announced the launch of a Dh7.4 billion project in Dubai — ‘Aykon City’. The six-tower luxury project on Sheikh Zayed Road is set to be completed in 2021. Construction will commence before summer.
The project will comprise an 80-storey Aykon Hotel and Residences, a 63-storey Damac Maison serviced hotel residences, a 60-storey apartment tower, a 65-storey office tower and two 30-floor ultraluxury residential towers featuring car lifts to each unit and direct views over the Dubai Canal and Safa Park.
The 4 million sq ft development is located on the eastern and western sides of Sheikh Zayed road at the Safa Park intersection and in close proximity to the Dubai Canal. It will join other iconic developments in the city’s business district such as the Burj Khalifa, Emirates Towers and the Dubai International Financial Centre.
This project will feature the ‘Aykon Dare’: an adventure experience on the Hotel’s 80th floor where guests can walk around the outside of the tower’s roof with magnificent views of the city. ‘Aykon City’ will also consist of the Aykon Plaza with swimming pools, spa, beach club, cafes, restaurants, yoga and tai-chi areas, and a private members’ club.
“We are delighted to announce a project of this scale in collaboration with Meraas Holding and on such a site in this premier location of the city. Damac Properties is an established, chosen and trusted real estate developer in the region, selected for the largest and most influential projects. 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,” Damac chairman Hussain Sajwani said in a statement.
The serviced residences will have a limited release with units going on immediate sale. There will be further releases in due course.
Sajwani added: “Aykon City is testament to our solid commitment and belief in Dubai’s strong economy and especially in the future of the real estate sector. The prosperity of the UAE and this vibrant metropolitan city is the reflection of the wise policies of our leaders.” By the end of December 31, 2015, Damac Properties had delivered over 15,500 homes and has a development portfolio of over 40,000 units at various stages of progress and planning. Included are more than 13,000 hotel rooms and serviced hotel apartments, which will be managed by its hospitality arm, Damac Hotels & Resorts.