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Damac Properties did not wait long between snapping up land and launching a new mixed-use development on it. The project has an estimated “sales value” of Dh7.4 billion, with construction due to commence before summer and with a completion date of 2021.
The “Aykon City” will be feature an 80-storey Aykon hotel and residences, a 63-storey Damac Maison Serviced Hotel Residences, a 60-storey residential tower, a 65-storey office tower and two high-end residential towers of around 30 levels and featuring car lifts to each unit.
The “city” will be built on the 4 million square feet land the developer acquired in the area around the Dubai Canal extension and Safa Park on Shaikh Zayed Road.
“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,” said Hussain Sajwani, Chairman of Damac. “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.”
A limited number of the serviced residences have gone on sale at Aykon.
The project will also feature the “Aykon Dare”, dubbed as an “adrenalin experience on the 80th floor of the hotel where guests get to walk around the outside of the tower’s roof”.
There will also be the “Aykon Plaza” with swimming pools, spa, beach club, cafés, restaurants, yoga and Tai-chi areas, and private members club.
Source: Staff Report, gulfnews.com