Studio · 427 sqftAykon City Tower B, Business Bay · 12th floor · completed 2023

1216, Aykon City Tower B

Sold prices and rental history: sold once, by the developer in June 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1216 · DLD and Ejari recordsUpdated 4 June 2020
Last soldAED 678K4 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1216, Aykon City Tower B

What is 1216 worth today?

Last sold for AED 678,000 in 2020

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4 Jun 2020Sold by developerOff-plan
AED 678,000AED 1,587 per sqft

Source: Dubai Land Department. Updated 4 June 2020.

Key facts

Type
Studio hotel apartment
Size
427 sqft
Floor
12th of 64
Parking
1
Developer
DAMAC
Completed
2023
Service charge
AED 12,100 /yr
Last sold
AED 678K · June 2020

About 1216, Aykon City Tower B

1216 is a studio of 427 sqft on the 12th floor of Aykon City Tower B, a 64-storey tower in Business Bay completed in 2023 by DAMAC. The developer sold it on 4 June 2020 for AED 678,000, or AED 1,587 per sqft, 16% below the AED 1,900 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical studio in Aykon City Tower B
700K800K2016201920222025Typical sale price by year: 2016 AED 791,350; 2017 AED 806,000; 2018 AED 808,000; 2019 AED 792,000; 2020 AED 776,000; 2021 AED 785,535; 2022 AED 831,000; 2023 AED 817,000; 2024 AED 765,000; 2025 AED 720,000; 2026 AED 709,272Sold by developer, June 2020: AED 678,000 (AED 1,587 per sqft)

1216 has sold once; the dashed line is the studio median of each year in the building.

Studios in Aykon City Tower B, and where 1216 sits

All 503 studios →

1216 last sold in June 2020 at AED 1,587 per sqft, 16% below what studios in Aykon City Tower B were fetching at the time (AED 1,900). Over the last 12 months studios sold for AED 500,000 to 992,000, around AED 1,689 per sqft, and rent for AED 95,000 to 95,000 a year.

Recent studio salesUnit no.Price (AED)Summary
28 Oct 2026598,610
25 Sep 2026891,800
23 Sep 2026774,000
4 Sep 2026850,000
49 studio sales in the last 12 months

Aykon City Tower B

Building

1,200 apartments, studios to 3-bed over 64 floors in Business Bay, completed in 2023 by DAMAC. 102 sold in the last 12 months.

Typical price per sqft
AED 1,658 Up 0.9%
Typical sale
AED 909K
Typical rent
AED 75K /yr
Typical yield
10.9%
Aykon City Tower B, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 1,200 units in Aykon City Tower B
Value
12012-bedAED 2.81M · Jun 2025
1202StudioAED 884K · Jul 2016
1203StudioAED 831K · Apr 2022
12041-bedAED 1.2M · Oct 2016
12051-bedAED 1.25M · Sep 2016
12061-bedAED 1.1M · May 2024
12071-bedAED 1.4M · Jul 2022
1–7 of 23

1216, Aykon City Tower B in numbers

  • Sold once: by DAMAC on 4 June 2020 for AED 678,000, or AED 1,587 per sqft.
  • Studios in Aykon City Tower B sold for AED 500,000–992,000 in the 12 months to November 2026; the building's median across all types is AED 1,658 per sqft.

Source: Dubai Land Department. Updated 4 June 2020.

Questions about 1216, Aykon City Tower B

What did unit 1216 last sell for?

AED 678,000 on 4 June 2020, sold by the developer: AED 1,587 per sqft for 427 sqft. It is the only registered sale of the unit.

How big is unit 1216?

427 sqft (39.7 sqm): a studio on the 12th floor of a 64-storey tower completed in 2023.

What is unit 1216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Aykon City Tower B sold for AED 500,000 to 992,000 in the last 12 months, around AED 1,689 per sqft.

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Mortgage on 1216, Aykon City Tower B

Starts from the last sale price (AED 678K, 4 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 678,000
Deposit, UAE resident (20%)
AED 135,600
Deposit, non-resident (40%)
AED 271,200
Monthly over 25 years at 3.7%
AED 2,774

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →