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2-bed · 813 sqftAykon City Tower C, Business Bay · 31st floor · completed 2023

3116, Aykon City Tower C

Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3116 · DLD and Ejari recordsUpdated 29 July 2024
Last soldAED 1.56M1 August 2022
Current rentAED 180K /yr29 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3116, Aykon City Tower C

What is 3116 worth today?

Last sold for AED 1,564,000 in 2022

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29 Jul 2024RentedNew contract
AED 180,000/yr12 months · AED 225 per sqft
1 Aug 2022Sold by developerOff-plan
AED 1,564,000AED 1,923 per sqft

Source: Dubai Land Department. Updated 29 July 2024.

Key facts

Type
2-bed apartment
Size
813 sqft
Floor
31st of 60
Parking
1
Developer
DAMAC
Completed
2023
Service charge
AED 17,100 /yr
Last sold
AED 1.56M · August 2022
Building
Aykon City Tower C

About 3116, Aykon City Tower C

3116 is a two-bedroom apartment of 813 sqft on the 31st floor of Aykon City Tower C, a 60-storey tower in Business Bay completed in 2023 by DAMAC. The developer sold it on 1 August 2022 for AED 1,564,000, or AED 1,923 per sqft, in line with the AED 1,927 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 29 July 2024. The current contract, signed on 29 July 2024, is AED 180,000 a year: a gross yield of 11.5% on the 2022 price, before the service charge of about AED 17,100 a year.

Sales and rents for 3116 over time

Sales
Unit 3116, each saleTypical two-bed in Aykon City Tower C
1M1.5M2016201920222025Typical sale price by year: 2016 AED 809,400; 2017 AED 1,327,650; 2018 AED 1,355,000; 2019 AED 1,400,000; 2020 AED 1,450,000; 2021 AED 1,632,400; 2022 AED 1,578,500; 2023 AED 1,650,000; 2024 AED 1,700,000; 2025 AED 1,580,000; 2026 AED 1,475,000Sold by developer, August 2022: AED 1,564,000 (AED 1,923 per sqft)

3116 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3116, each contractTypical two-bed in Aykon City Tower C
100K150K2024202520262027Typical rent by year: 2024 AED 105,000; 2025 AED 105,000; 2026 AED 100,000New contract, July 2024: AED 180,000 a year

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

2-beds in Aykon City Tower C, and where 3116 sits

All 546 2-beds →

3116 last sold in August 2022 at AED 1,923 per sqft, in line with what two-beds in Aykon City Tower C were fetching at the time (AED 1,927). Over the last 12 months two-beds sold for AED 1,200,000 to 2,372,000, around AED 1,774 per sqft, and rent for AED 60,000 to 170,000 a year. 3116's AED 180,000 is at the top of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Nov 20261,200,000
2 Oct 20261,440,000
25 Sep 20261,520,000
24 Sep 20261,320,000
41 2-bed sales in the last 12 months

Aykon City Tower C

Building

983 apartments, studios to 3-bed over 60 floors in Business Bay, completed in 2023 by DAMAC. 66 sold in the last 12 months.

Typical price per sqft
AED 1,799 Down 8.7%
Typical sale
AED 1.44M
Typical rent
AED 86K /yr
Typical yield
7.1%
Aykon City Tower C, Business Bay: prices, sales and rents →

Other units on the 31st floor

All 983 units in Aykon City Tower C
Value
3101StudioAED 1.24M · Mar 2021
3102StudioAED 931K · Jul 2024
31032-bedAED 2.01M · Jun 2024
31041-bedAED 1.2M · Jul 2025
31051-bedAED 961K · Nov 2019
31061-bedAED 950K · May 2026
31072-bedAED 1.33M · Oct 2018
1–7 of 22

3116, Aykon City Tower C in numbers

  • Sold once: by DAMAC on 1 August 2022 for AED 1,564,000, or AED 1,923 per sqft.
  • Rented since July 2024 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2022 price is 11.5%, before a service charge of about AED 17,100 a year (AED 20.97 per sqft).
  • Two-beds in Aykon City Tower C sold for AED 1,200,000–2,372,000 in the 12 months to November 2026; the building's median across all types is AED 1,799 per sqft.

Source: Dubai Land Department. Updated 29 July 2024.

Questions about 3116, Aykon City Tower C

What did unit 3116 last sell for?

AED 1,564,000 on 1 August 2022, sold by the developer: AED 1,923 per sqft for 813 sqft. It is the only registered sale of the unit.

What is the rent for unit 3116?

AED 180,000 a year on the contract signed on 29 July 2024.

How big is unit 3116?

813 sqft (75.5 sqm): a two-bedroom apartment on the 31st floor of a 60-storey tower completed in 2023.

What is unit 3116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Aykon City Tower C sold for AED 1,200,000 to 2,372,000 in the last 12 months, around AED 1,774 per sqft.

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Mortgage on 3116, Aykon City Tower C

Starts from the last sale price (AED 1.56M, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,564,000
Deposit, UAE resident (20%)
AED 312,800
Deposit, non-resident (40%)
AED 625,600
Monthly over 25 years at 3.7%
AED 6,399

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