Dubai – Mubasher: DAMAC Properties, a leading developer listed on Dubai bourse, announced the launch of a major new project, at an investment cost of AED 7.4 billion.
'AYKON City' is a six tower luxury project comprising 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 floor ultra-luxury residential towers featuring state-of-the-art car lifts to each unit and direct views over Dubai Canal and Safa Park.
The project is scheduled for completion by 2021, while construction works will commence before next summer, the company said.
'AYKON City' is a 4 million sq ft development, 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 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).
Hussain Sajwani, Chairman 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. DAMAC Properties is an established, chosen and trusted real estate developer in the region, selected for the largest and most influential projects, and 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".
