2-Bedroom Apartment at Aykon City Tower – DAMAC Maison, Business Bay, AED 280K Below Original Price

Property Overview

This 2-bedroom apartment at Aykon City Tower – DAMAC Maison in Business Bay, Dubai, is offered at AED 1,700,000 for a built-up area of 1,115 sq ft. The asking price is AED 280,000 below the agent-stated original purchase price of AED 1,980,000, a 14.1% reduction, which places it in DPF's Below OP distress category.

Property Highlights

• Property type: Apartment
• Bedrooms: 2
• Built-up area: 1,115 sq ft
• Asking price: AED 1,700,000
• Original price (agent-stated): AED 1,980,000
• Saving versus original price: AED 280,000 (14.1%)
• Asking rate: approximately AED 1,525 per sq ft
• Project: Aykon City Tower – DAMAC Maison
• Location: Business Bay, Dubai

Why the Price Qualifies as Below OP

The listing is classified as Below OP because the asking price of AED 1,700,000 is lower than the original purchase price of AED 1,980,000 stated in the agent's brief. The difference is AED 280,000, equal to 14.1% of the original price. At 1,115 sq ft, the asking price works out to roughly AED 1,525 per square foot.

The original price is taken from the agent's resale brief received on 23 October 2026. It has not yet been checked against the seller's SPA or a DLD record. The comparison shows the discount against what the seller originally paid; it is not a claim that the unit is below current market value. Buyers should request the SPA or Oqood before committing.

About the Project, Developer and Community

Aykon City is a DAMAC Properties development announced in 2016. In DAMAC's launch announcement, the project was described as positioned on Sheikh Zayed Road with frontage onto the Dubai Water Canal, an address that sits between Business Bay and the main city corridor. DAMAC Maison is the developer's hospitality-branded residence label, and the tower in this listing carries that branding.

Business Bay is one of Dubai's central mixed-use districts, combining residential towers, offices, hotels and retail around the Dubai Water Canal and the Business Bay canal promenade. It is a popular choice for buyers who want a central address close to Downtown Dubai.

Layout, Floor and View

The agent brief confirms a 2-bedroom layout with 1,115 sq ft of built-up area. Floor level, view, bathroom count, parking allocation and furnishing were not supplied, and DPF does not assume them. Ask the DPF team for the floor plan and unit details before arranging a viewing.

Payment Plan and Handover

No payment plan, paid amount or handover status was supplied with this brief. If the unit has an outstanding developer balance or a post-handover plan, those terms should be confirmed against the SPA and the developer's statement of account before an offer is made.

Location and Connectivity

Aykon City sits on the Sheikh Zayed Road side of Business Bay beside the Dubai Water Canal, according to DAMAC's project announcement. Sheikh Zayed Road is Dubai's main north–south artery, linking Business Bay with Downtown Dubai, DIFC, Dubai Marina and other districts. Travel times depend on traffic and are not quoted here.

Verification Notes

• Agent-supplied facts: project name, Business Bay location, apartment type, 2 bedrooms, 1,115 sq ft, original price AED 1,980,000 and asking price AED 1,700,000.
• DPF-calculated figures: AED 280,000 saving, 14.1% discount and approximately AED 1,525 per sq ft.
• External research: developer and project location facts from DAMAC Properties' Aykon City launch announcement.
• Not yet verified: SPA or DLD record of the original price, current availability, bathrooms, floor, view, parking, service charges and payment status.