Furnished Studio in DAMAC Maison Aykon City, Business Bay Below Last Sale

Property Overview

This fully furnished studio is in DAMAC Maison Aykon City, Business Bay, and is offered at AED 700,000. The agent states a built-up area of 420 sq ft, which works out to about AED 1,667 per sq ft. According to the agent, the asking price is below the last transaction price, and the price is negotiable.

Property Highlights

• Property type: Hotel apartment studio
• Built-up area: 420 sq ft (agent-stated)
• Asking price: AED 700,000 (negotiable, agent-stated)
• Calculated rate: about AED 1,667 per sq ft
• Furnishing: fully furnished (agent-stated)
• Deal basis: below last transaction price (agent-stated)

Why the Price Is Listed as Below Market

The agent says the asking price is below the last transaction price. The brief does not give that transaction's price, date or unit details. Without them, DPF cannot calculate a discount or classify this as below a specific DLD transaction.

The only figure DPF has calculated is the rate: AED 700,000 divided by 420 sq ft is about AED 1,667 per sq ft. Buyers should ask the agent for the referenced transaction and check it against DLD records, along with other recent studio sales in the same tower.

About the Project, Developer and Community

DAMAC Maison Aykon City is a hotel apartment tower within DAMAC's Aykon City development in Business Bay, with direct access to Sheikh Zayed Road. Published listings describe the tower as completed in 2023 and managed by DAMAC Maison. Listed amenities include:

• Several swimming pools
• Gym and spa
• Café and restaurant
• Kids' club
• Concierge, valet parking and 24-hour security

Business Bay is a central mixed-use district along the Dubai Water Canal, next to Downtown Dubai.

Layout and Furnishing

The agent states a 420 sq ft, fully furnished studio. The floor, view and parking were not supplied. Buyers should confirm these from the title deed, the floor plan and a viewing, along with the furniture inventory included in the sale.

Hotel Apartment Considerations

Units in a hotel apartment building may be part of a managed rental programme. Buyers should confirm the following before signing:

• Whether the unit is in a hotel management or rental pool, and on what terms
• Any owner restrictions on personal use or leasing
• Current service charges
• Any income history
• DAMAC's NOC requirements

Buyers should also budget for the DLD transfer fee and agency costs.

Location and Connectivity

The tower sits in Business Bay beside Sheikh Zayed Road, with access towards Downtown Dubai, DIFC and the Business Bay Metro Station on the Red Line. Travel times vary with traffic and route.

Verification Notes

• Agent-supplied facts: studio, 420 sq ft BUA, AED 700,000 asking price, fully furnished, below last transaction price and negotiable.
• DPF-calculated figure: about AED 1,667 per sq ft.
• External project research: tower, completion, management and amenities from published listings.
• Not verified: the referenced last transaction, floor, view, parking, rental programme status and service charges.