Mon, Feb 29, 2016

Real Estate & Property
Aykon residences snapped up

Luxury residences at a new Damac development in Dubai, UAE, were snapped up by investors when they went on sale yesterday. 

DAMAC Properties said there was a “tremendous response” for the $2.1-billion Aykon City, which will be located on the Dubai Canal and Sheikh Zayed Road. 

The six-tower project will boast Dubai’s first all-suites, 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 ultra-luxury residential towers featuring car lifts to each unit and direct views over Dubai Canal and Safa Park. 

Units went on sale yesterday at the Jumeirah Emirates Towers hotel, with a large number of investors turning out for the one-day launch, signifying a robust investor appetite for such luxury units. 

A significant number of units were sold and vast quantities of enquiries by interested buyers were handled by the developer’s sales team. 

Aykon City will be built over an area of 4 million sq ft, 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 golden quadrant of the business district of the city such as City Walk, the Burj Khalifa, Emirates Towers and the Dubai International Financial Centre district (DIFC). 

Construction of the towers is expected to start this summer and the project is expected to be completed by 2021.

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