Aykon City 3: reviews and facts
What is published about Aykon City 3 in Business Bay, Dubai, UAE, what official registers and other sources say, and what changed over time. Facts only, each with its source.
- Developer
- DAMAC Properties a1properties.ae
- Location
- Business Bay, Dubai, UAE
- Stage
- under construction · active a1properties.ae
- Handover on record
- Q4 2027 a1properties.ae
- Permit or licence number
- 1982041975 damacproperties.com
- Deposit protection
- stated a1properties.ae
- Page we read
- a1properties.ae
listing page (not the developer's site) a1properties.ae - Last checked
- 5 Nov 2026
- Open data record
- DXB-021
In short
- Aykon City 3 is listed as under construction in Business Bay, Dubai, UAE, by DAMAC Properties. a1properties.ae
- The handover date on record is Q4 2027. a1properties.ae
- A permit or licence number is published. damacproperties.com
- Of 12 developer claims we checked, 7 are confirmed by a register or an independent source, 3 are not yet verified and 2 are contradicted by another source. Open data record
- The handover date moved 1 times in our records, by 63 months in total. promise tracker
What is promised
As published by the developer or on listing pages, in the wording of the source.
- Price from: AED 650,000 - 82,695,000 a1properties.ae
- Units: 1,300 a1properties.ae
- Unit sizes: 39.5 - 1,309 m² a1properties.ae
- Unit types: studio, 1BR, 2BR, 3BR, 5BR penthouse a1properties.ae
- Payment plan: 75/25 per A1 Properties (20% down, 55% during construction, 25% on handover); 20/20/60 per schmidtandpartner.com a1properties.ae
- Ownership: freehold a1properties.ae
- Brand or operator: de GRISOGONO (Safa Two) a1properties.ae
- Permit authority: Dubai Land Department / RERA (Trakheesi advertising permits) a1properties.ae
- Deposit: 20% a1properties.ae
- Construction start: December 2019 a1properties.ae
- Handover promised: Q4 2027 a1properties.ae
- Original handover date: 2022-Q3 (registered completion 20 Sep 2022 per earlier DLD data on binayah.com) a1properties.ae
- Trakheesi permit number 1982041975 (A1 Properties agency page) damacproperties.com
- starting price AED 650,000, payment plan 75/25, handover Q4 2027 (agency page) damacproperties.com
- developer page (marketed as Safa Two de GRISOGONO): floor plans and brochure downloads, starting price AED 788,000 damacproperties.com
- DLD register (via mirrors): project no. 2200, escrow at Emirates NBD, 31.35% built at 12 Apr 2026 inspection, completion 30 Dec 2027 damacproperties.com
Delivery and delay record
Every dated promise we found, how it changed and whether the date has passed. Status rules: promise tracker.
- Handover or completion: Q4 2027 date moved later · moved 1 times, 63 months in total
developer or listing page, copy of 5 Nov 2026 (SHA-256 6061729e8082bfad) · Earlier dates on record: September 2022 (1 Nov 2026) a1properties.ae - Delay stated in the sources we read: 63 months. a1properties.ae
Permits and licences
- Number published: 1982041975. damacproperties.com
- Trakheesi permit 1982041975 shown on A1 Properties page. Project registered with DLD as no. 2200 (registered 19 Dec 2019, developer DAMAC Canal One Property Development L.L.C, DLD developer 1119) per DLD register mirrors dubairealestateiq.com, mitchellscommercialrealty.com and cevitas.ae. The Trakheesi number itself could not be checked against the Trakheesi system. damacproperties.com
Live check in the official registers
Queries the official registers we can reach for this country now and shows what each returns. Each answer is hashed (SHA-256); nothing is invented, a register with no data says so.
The six buyer checks
Public means the information is published. The level says who confirms it. Method: how we score.
| Check | Public | Who confirms it | What we found |
|---|---|---|---|
| Permit or licence number | yes | confirmed in an official register | Trakheesi permit 1982041975 shown on A1 Properties page. Project registered with DLD as no. 2200 (registered 19 Dec 2019, developer DAMAC Canal One Property Development L.L.C, DLD developer 1119) per DLD register mirrors dubairealestateiq.com, mitchellscommercialrealty.com and cevitas.ae. The Trakheesi number itself could not be checked against the Trakheesi system. damacproperties.com |
| Deposit protection | yes | confirmed in an official register | DLD register (mirrored by mitchellscommercialrealty.com, 4 Oct 2026) lists escrow trustee Emirates NBD Bank (P.J.S.C), account; dubairealestateiq.com and continentalclub.ae also show Emirates NBD. damacproperties.com |
| Construction progress | yes | confirmed in an official register | DLD inspection history: 1.02% (Sep 2022) rising to 31.35% (12 Apr 2026), 10 inspections listed on dubairealestateiq.com; same 31.35% on mitchellscommercialrealty.com and continentalclub.ae. damacproperties.com |
| Floor or site plans | yes | stated only by the developer | DAMAC Safa Two page offers 'Download Floor Plans' and brochure; agency page schmidtandpartner.com lists unit plans 1BR to 5BR (1,095 to 14,088 sq ft). damacproperties.com |
| Developer track record | yes | confirmed by an independent source | TradeArabia (9 Jul 2026) reports DAMAC has delivered 50,000 units since 2002 and announced 8,800 handovers in 2026. DAMAC was listed on the Dubai Financial Market from 2015 until delisting in 2022 (Wikipedia). damacproperties.com |
| No guaranteed returns | yes | stated only by the developer | No guaranteed rental or buy-back language on the agency or developer pages read; A1 page mentions 'attractive rental yields' without a figure. damacproperties.com |
Developer claims we tested
| Claim (source wording) | Result | Checked against | Source |
|---|---|---|---|
| Trakheesi permit 1982041975 (agency page) | not verified yet | a1properties.ae | |
| Project is registered with DLD (project 2200) | verified | registry | dubairealestateiq.com |
| Buyer payments go to a project escrow account | verified | registry | mitchellscommercialrealty.com |
| Registered developer entity is DAMAC Canal One Property Development L.L.C | verified | registry | cevitas.ae |
| Handover Q4 2027 | verified | registry | dubairealestateiq.com |
| Project is on its original schedule | contradicted | registry | binayah.com |
| Construction under way (31.35% built) | verified | registry | dubairealestateiq.com |
| Starting price AED 650,000 | contradicted | registry | dubairealestateiq.com |
| About 1,300 units in the project | verified | registry | mitchellscommercialrealty.com |
| DAMAC has delivered 50,000 units | verified | independent | tradearabia.com |
| Freehold title available to foreigners (Business Bay freehold zone) | not verified yet | a1properties.ae | |
| Studio to 3BR units of about 425 to 2,010 sq ft | not verified yet | a1properties.ae |
What changed, with dates
- No dated change recorded yet.
- Fingerprint of the developer page text on 5 Nov 2026: SHA-256
6061729e8082bfad.... Anyone can check it on kolaboro.com/verify. kolaboro.com/verify - Satellite comparison (Sentinel-2, same season a year apart) on 5 Nov 2026: visible change, 15.1% of the area changed. kolaboro.com/satellite
Public reports
What public sources report, with the link. We list reports; we do not judge the developer.
- No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read.
About the developer
- Founded: 2002 a1properties.ae
- Head office: Dubai, UAE a1properties.ae
- Legal entity: DAMAC Canal One Property Development L.L.C (DLD developer no. 1119) a1properties.ae
- Units delivered: 50000 a1properties.ae
- Listed or audited: DAMAC Properties listed on Dubai Financial Market 2015, delisted 2022 (privately held since) a1properties.ae
- TradeArabia (9 Jul 2026) reports DAMAC has delivered 50,000 units since 2002 and announced 8,800 handovers in 2026. DAMAC was listed on the Dubai Financial Market from 2015 until delisting in 2022 (Wikipedia). a1properties.ae
Other projects by DAMAC Properties that we track
- Volta Tower Dubai
- Shoreline by DAMAC Ras Al Khaimah
- DAMAC Bay by Cavalli Dubai
- Lagoon Views (DAMAC Lagoons) Dubai
- DAMAC Riverside Views Dubai
- Chelsea Residences by DAMAC Dubai
- DAMAC Islands Dubai
Similar projects
- Cove Grand by Imtiaz Dubai · under construction
- Binghatti Circle Dubai · under construction
- Sea Cliff by Imtiaz Dubai · under construction
- Azizi Grand Dubai · under construction
- Sobha Solis Dubai · under construction
Market context: Dubai
- We track 118 projects in Dubai. 58% publish a permit or licence number and 57% state deposit protection. kolaboro.com/m
- In Dubai, 8 tracked projects are past the first handover date on record; the median is 11 months. kolaboro.com/index/delays
Buyer reviews
There are no verified buyer reviews of Aykon City 3 yet. We publish a review only from a buyer who proves the purchase (fingerprint of the contract or receipt, signed with a passkey) and only after a moderator has read it.
Reviews waiting for moderation are not shown.
Right of reply
Are you the developer? Send documents and we add your reply to this page. Found a wrong fact? Tell us and we correct it with a dated note.
Reply as the developer Report a correction Questions to ask the developer
Before you pay
Paste the project link for a free live check of what official registers say. For a full desk review and a site visit by a local agent, order the pre-purchase check.
Questions buyers ask
Is Aykon City 3 legit?
Kolaboro does not label projects or developers. What the public record shows: A permit or licence number is published. Of 12 developer claims we checked, 7 are confirmed by a register or an independent source, 3 are not yet verified and 2 are contradicted by another source. The handover date on record is Q4 2027. No reports of disputes, regulator action, stoppages or financial difficulty found in the sources we read. Check the sources on this page and ask the developer for documents before paying.
When will Aykon City 3 be delivered?
The handover date on record is Q4 2027. The handover date moved 1 times in our records, by 63 months in total.
Who is the developer of Aykon City 3?
DAMAC Properties, according to the sources listed on this page.
Does Aykon City 3 have a permit or licence?
A permit or licence is confirmed in an official register (see Permits and licences).
Are there reviews of Aykon City 3?
There are no verified buyer reviews yet. Buyers who prove their purchase can submit one; it is published after moderation.
Sources
Every fact on this page links to its source. Pages we read are fingerprinted and kept by date.
- a1properties.ae https://a1properties.ae/project-details/aykon-city-3-business-bay-dubai
- damacproperties.com https://www.damacproperties.com/en/projects/safa-two/
- admin.damacproperties.com https://admin.damacproperties.com/en/safa-two-tower-b
- apexcapitaldubai.com https://apexcapitaldubai.com/wp-content/uploads/2024/06/Safa-Two-de-GRISOGONO-by-Damac-Bro...
- continentalclub.ae https://continentalclub.ae/project/safa-two-by-de-grisogono-aykon-city-3-business-bay/
- dubairealestateiq.com https://dubairealestateiq.com/project/aykon-city-3
- en.wikipedia.org https://en.wikipedia.org/wiki/Damac_Properties
- binayah.com https://www.binayah.com/dubai-construction-updates/aykon-city-3/
- cevitas.ae https://www.cevitas.ae/en/projects/aykon-city-3
- mitchellscommercialrealty.com https://www.mitchellscommercialrealty.com/off-plan/aykon-city-3
- schmidtandpartner.com https://www.schmidtandpartner.com/off-plan/safa-two-de-grisogono-by-damac/floor-plans
- tradearabia.com https://www.tradearabia.com/News/464932/Damac-announces-handover-of-8%2c800-residential-un...
Last checked 5 Nov 2026. How we collect data: data policy. Facts quoted from sources are shown in the language of the source.