Damac announces first project on Dubai Canal – Aykon City
On 20 February 2016, Damac Properties announced its latest project, Aykon City, to be built on Dubai Canal. The project is the first project announced in the Dubai Canal district located to Sheikh Zayed Road and Safa Park.
The six-tower luxury project comprises of 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 c. 30-storey ultra-luxury residential towers featuring car lifts to each unit and direct views over Dubai Canal and Safa Park.
Construction on the four million sq.ft development will begin mid this year, and is said to be completed by 2021.
The project is done in collaboration with Meraas Holding and holds a sales value is AED 7.4 billion.
Hussain Sajwani, chairperson of Damac said: “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.”