Dubai gets another luxury project

The launch of a two billion dollar, six-tower luxury project in Dubai has been announced by DAMAC Properties. Construction work on the ‘Aykon City’ project is set to commence before summer, with completion scheduled in 2021.

The project is to 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 ultra-luxury towers featuring car lifts to each unit and direct views over the Dubai Canal and Safa Park.

The four million sq foot 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.

The firm believes Aykon City is testament to their solid commitment and belief in Dubai’s strong economy and especially in the future of the real estate sector. The prosperity of  the United Arab Emirates (UAE) and this vibrant metropolitan city is a reflection of the wise policies of their leaders.

By the end of December 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.