2-bed · 953 sqftAykon City Tower C, Business Bay · 57th floor · completed 2023

5714, Aykon City Tower C

Sold prices and rental history: sold once, by the developer in May 2023, and rented once, from October 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5714 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.2M17 May 2023
Current rentAED 136K /yr9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5714, Aykon City Tower C

What is 5714 worth today?

Last sold for AED 1,200,000 in 2023

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9 Oct 2024RentedNew contract
AED 136,000/yr12 months · AED 143 per sqft
17 May 2023Sold by developerOff-plan
AED 1,200,000AED 1,259 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
2-bed apartment
Size
953 sqft
Floor
57th of 60
Parking
1
Developer
DAMAC
Completed
2023
Service charge
AED 20,000 /yr
Last sold
AED 1.2M · May 2023

About 5714, Aykon City Tower C

5714 is a two-bedroom apartment of 953 sqft on the 57th floor of Aykon City Tower C, a 60-storey tower in Business Bay completed in 2023 by DAMAC. The developer sold it on 17 May 2023 for AED 1,200,000, or AED 1,259 per sqft, 34% below the AED 1,899 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 October 2024. The current contract, signed on 9 October 2024, is AED 136,000 a year: a gross yield of 11.3% on the 2023 price, before the service charge of about AED 20,000 a year.

Sales and rents for 5714 over time

Sales
Unit 5714, 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, May 2023: AED 1,200,000 (AED 1,259 per sqft)

5714 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5714, each contractTypical two-bed in Aykon City Tower C
100K120K140K2024202520262027Typical rent by year: 2024 AED 105,000; 2025 AED 105,000; 2026 AED 100,000New contract, October 2024: AED 136,000 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 5714 sits

All 546 2-beds →

5714 last sold in May 2023 at AED 1,259 per sqft, 34% below what two-beds in Aykon City Tower C were fetching at the time (AED 1,899). 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. 5714's AED 136,000 is in the upper half 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 57th floor

All 983 units in Aykon City Tower C
Value
57012-bedAED 1.45M · Jun 2021
57022-bedAED 1.96M · Jan 2025
57032-bedAED 1.4M · Jan 2021
57042-bedAED 1.8M · Mar 2021
57052-bedAED 2.01M · Jul 2021
57062-bedAED 2.07M · Aug 2022
5707StudioAED 900K · Feb 2021
1–7 of 17

5714, Aykon City Tower C in numbers

  • Sold once: by DAMAC on 17 May 2023 for AED 1,200,000, or AED 1,259 per sqft.
  • Rented since October 2024 on one Ejari contract, at AED 136,000 a year.
  • At AED 136,000 a year the gross yield on the 2023 price is 11.3%, before a service charge of about AED 20,000 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 9 October 2024.

Questions about 5714, Aykon City Tower C

What did unit 5714 last sell for?

AED 1,200,000 on 17 May 2023, sold by the developer: AED 1,259 per sqft for 953 sqft. It is the only registered sale of the unit.

What is the rent for unit 5714?

AED 136,000 a year on the contract signed on 9 October 2024.

How big is unit 5714?

953 sqft (88.5 sqm): a two-bedroom apartment on the 57th floor of a 60-storey tower completed in 2023.

What is unit 5714 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 5714, Aykon City Tower C

Starts from the last sale price (AED 1.2M, 17 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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