DAMAC Properties has actually announced a significant new project, predestined to become another icon of Dubai's real estate landscape.

'AYKON City' is a six tower high-end job making up Dubai's very first all-suites, 80 storey AYKON Hotel and Residences, a 63 storey DAMAC Maison Serviced Hotel Residences, a 60 storey house tower, a 65 storey workplace tower and two c. 30 floor ultra-luxury property towers featuring state-of-the-art automobile lifts to each system and direct views over Dubai Canal and Safa Park. Minimal release of the serviced homes go on immediate sale with further releases in due course.

'AYKON City' is a 4 million sq ft advancement, situated on the eastern and western sides of Sheikh Zayed road at the Safa Park intersection and in close proximity to the Dubai Canal. It will join other famous advancements in the golden quadrant of business district of the city such as City Walk, the Burj Khalifa, Emirates Towers and the Dubai International Financial Centre district (DIFC).

This project will likewise include the 'AYKON Dare', an addition to Dubai's tourist attractions; an adrenaline experience on the 80th floor of the Hotel where visitors get to walk around the beyond the tower's roof for a genuine experience and with magnificent views of the city. For the less adventurous, 'AYKON City' will also include the 'AYKON Plaza' with pool, Spa, beach club, cafs, restaurants, Yoga and Tai-chi locations, and private members club.

The project sales value is AED 7.4 billion and building is because of commence before this summer season with a conclusion date of 2021.

Hussain Sajwani, Chairman of DAMAC said, "We are delighted to announce a job of this scale in collaboration with Meraas Holding and on such a site in this premier place of the city. DAMAC Properties is an established, picked and trusted property designer in the region, picked for the largest and most influential tasks, and this area of our city is one of the most essential advancements in Dubai's growth, opening access to lots of kilometres of the Dubai Canal".

"We wish to thank Meraas Holding for their belief in our luxury developments and anticipate producing a distinct and unforgettable environment.".

He added: "AYKON City is testimony to our strong dedication and belief in Dubai's strong economy and specifically in the future of the property sector. The prosperity of the UAE and this vibrant cosmopolitan city is the reflection of the wise policies of our leaders and our government headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai who, with his vision about our society, restated during the latest World Government Summit, is paving the way for clear and ingenious thinking and advancement within the city".

Since 31st December 2015, DAMAC Properties has delivered over 15,500 homes and has a development portfolio of over 40,000 units at various phases of progress and planning. Included are more than 13,000 hotel spaces and serviced hotel apartment or condos, which will be managed by its hospitality arm, DAMAC Hotels & Resorts.