1-bed · 748 sqftAykon City Tower B, Business Bay · 57th floor · completed 2023

5723, Aykon City Tower B

Sold prices and rental history: sold once, by the developer in June 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5723 · DLD and Ejari recordsUpdated 7 June 2022
Last soldAED 1.46M7 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5723, Aykon City Tower B

What is 5723 worth today?

Last sold for AED 1,461,000 in 2022

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7 Jun 2022Sold by developerOff-plan
AED 1,461,000AED 1,952 per sqft

Source: Dubai Land Department. Updated 7 June 2022.

Key facts

Type
1-bed hotel apartment
Size
748 sqft
Floor
57th of 64
Parking
1
Developer
DAMAC
Completed
2023
Service charge
AED 21,200 /yr
Last sold
AED 1.46M · June 2022

About 5723, Aykon City Tower B

5723 is a one-bedroom hotel apartment of 748 sqft on the 57th floor of Aykon City Tower B, a 64-storey tower in Business Bay completed in 2023 by DAMAC. The developer sold it on 7 June 2022 for AED 1,461,000, or AED 1,952 per sqft, in line with the AED 1,957 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5723 over time

Sales
Unit 5723, each saleTypical one-bed in Aykon City Tower B
1M1.2M1.4M2016201920222025Typical sale price by year: 2016 AED 1,267,300; 2017 AED 1,236,800; 2018 AED 1,243,000; 2019 AED 1,318,800; 2020 AED 1,129,500; 2021 AED 1,151,000; 2022 AED 1,402,000; 2023 AED 1,450,000; 2024 AED 1,245,000; 2025 AED 1,125,000; 2026 AED 1,050,000Sold by developer, June 2022: AED 1,461,000 (AED 1,952 per sqft)

5723 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5723, each contractTypical one-bed in Aykon City Tower B
50K75K100K202420252026Typical rent by year: 2024 AED 100,000; 2025 AED 55,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Aykon City Tower B, and where 5723 sits

All 516 1-beds →

5723 last sold in June 2022 at AED 1,952 per sqft, in line with what one-beds in Aykon City Tower B were fetching at the time (AED 1,957). Over the last 12 months one-beds sold for AED 686,000 to 1,680,000, around AED 1,509 per sqft, and rent for AED 55,000 to 55,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20268,069,228
19 Oct 20261,235,820
9 Oct 20261,130,000
25 Sep 2026995,000
36 1-bed 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 57th floor

All 1,200 units in Aykon City Tower B
Value
57011-bedAED 1.42M · Jan 2017
5702StudioAED 850K · Sep 2026
5703StudioAED 600K · Sep 2020
5704StudioAED 717K · Aug 2023
5705StudioAED 731K · Jun 2020
57061-bedAED 730K · Jun 2016
57071-bedAED 1.53M · Oct 2019
1–7 of 28

5723, Aykon City Tower B in numbers

  • Sold once: by DAMAC on 7 June 2022 for AED 1,461,000, or AED 1,952 per sqft.
  • One-beds in Aykon City Tower B sold for AED 686,000–1,680,000 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 7 June 2022.

Questions about 5723, Aykon City Tower B

What did unit 5723 last sell for?

AED 1,461,000 on 7 June 2022, sold by the developer: AED 1,952 per sqft for 748 sqft. It is the only registered sale of the unit.

How big is unit 5723?

748 sqft (69.5 sqm): a one-bedroom hotel apartment on the 57th floor of a 64-storey tower completed in 2023.

What is unit 5723 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Aykon City Tower B sold for AED 686,000 to 1,680,000 in the last 12 months, around AED 1,509 per sqft.

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Mortgage on 5723, Aykon City Tower B

Starts from the last sale price (AED 1.46M, 7 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,461,000
Deposit, UAE resident (20%)
AED 292,200
Deposit, non-resident (40%)
AED 584,400
Monthly over 25 years at 3.7%
AED 5,977

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