What is the asking price of this 1-bedroom apartment at Aykon City?
The asking price is AED 1,000,000 for a ready 1-bedroom apartment of 532 sq ft at DAMAC's Aykon City in Business Bay, according to the agent's brief.
Ready 1-Bedroom Apartment at Aykon City, Business Bay – Urgent Sale at AED 1M
AED 1,000,000
| Deal type | Below Market |
| Price | AED 1,000,000 |
| Bedrooms | 1 |
| Size | 532 sq.ft |
| Type | Apartment |
| Status | Ready |
| Developer | DAMAC Properties |
| Area / Master development | Business Bay |
| Sub-community / Phase | Aykon City |
| Community | Business Bay |
Property Overview
This ready 1-bedroom apartment at Aykon City by DAMAC, Business Bay, is offered at AED 1,000,000 for 532 sq ft. The agent describes it as an urgent sale, reports the price has been reduced to AED 1,000,000, and states the unit is semi-furnished on a mid floor.
Property Highlights
- Property type: Apartment, 1 bedroom
- Size: 532 sq ft (agent-stated)
- Asking price: AED 1,000,000
- Price per sq ft: approximately AED 1,880
- Status: Ready
- Furnishing: Semi-furnished
- Floor: Mid floor (agent-stated)
- Developer: DAMAC Properties
Why the Listing Is Marked Below Market
The agent presents this as an urgent, motivated sale and reports a price reduction to AED 1,000,000. The previous asking price was not stated.
No original purchase price, DLD transaction or dated market comparison was supplied with the brief, so DPF has not calculated a discount and does not claim a specific saving. Buyers should compare recent DLD transactions for similar 1-bedroom units in the same tower before deciding.
About the Project, Developer and Community
Aykon City is a mixed-use development by DAMAC Properties in Business Bay, positioned near Sheikh Zayed Road and the Dubai Water Canal. Business Bay is a central business and residential district next to Downtown Dubai.
Layout, Floor and Furnishing
The agent states the 532 sq ft unit sits on a mid floor and is semi-furnished. The exact tower, floor number, view and included furniture were not supplied and should be confirmed at viewing.
Location and Connectivity
Business Bay offers road access via Sheikh Zayed Road and Al Khail Road, and sits beside Downtown Dubai and DIFC. No specific drive times are stated here because none were supplied or verified.
Verification Notes
- Agent-supplied facts: project, bedrooms, size, asking price, ready status, semi-furnished, mid floor, urgent sale and price reduction.
- Calculated by DPF: price per sq ft.
- External research: developer and location of Aykon City.
- Not supplied: tower, unit number, previous price, original price, bathrooms, parking, view, occupancy and service charges.
Frequently asked questions
Why is this listed as a distress deal?
The agent describes it as an urgent sale and reports the price has been reduced to AED 1,000,000. No original price, DLD transaction or market comparison was supplied, so DPF has not calculated a discount.
What is the price per square foot?
At AED 1,000,000 for 532 sq ft, the asking price works out to approximately AED 1,880 per square foot.
Is the apartment ready and furnished?
Yes. The agent states the unit is ready and semi-furnished, located on a mid floor. Buyers should confirm which furniture and appliances are included.
Who developed Aykon City and where is it?
Aykon City is a DAMAC Properties development in Business Bay, Dubai, close to Sheikh Zayed Road and the Dubai Water Canal.
What should a buyer check before reserving?
A buyer should confirm the tower, unit number, floor, view, occupancy status, service charges, title deed details and any mortgage on the property before paying a deposit.
Buyer costs
What you will pay
Dubai transfer costs for an ready unit. Every figure editable — NOC is set by the developer and varies.
AED
| Sale price | — |
| DLD transfer fee | — |
| NOC fee | — |
| Trustee / registration | — |
| Agency fee | — |
| VAT on agency (5%) | — |
Total cost
—
Full payment schedule and unit details are released to qualified buyers on enquiry.
Indicative only and not a quotation. Excludes any balance payable to the developer, mortgage arrangement costs and service charges.
Finance
Mortgage estimate
Indicative monthly repayment on a UAE bank mortgage.
AED
| Down payment | — |
| Loan amount | — |
| Total interest | — |
| Total repaid | — |
Monthly payment
—
Indicative only, not an offer of finance and not advice. UAE loan-to-value caps depend on residency, property value and whether it is your first purchase, with tighter limits on off-plan. Rates move; confirm current terms with your bank or broker.
Read our full property verification methodology →
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