Aykon City 3 construction progress
Aykon City 3 in Business Bay is 31% built at the Land Department inspection of April 2026. Developer Damac Canal One Property Development. Completion registered for December 2027.
31%
Built, at the Land Department site inspection of 12 April 2026
Running behind its date
- Completion date (Land Department)
- December 2027
- Finish at recent pace
- May 2032
- Construction started
- December 2019
- Registered with the Land Department
- December 2019
- Developer
- Damac Canal One Property Development
- Community
- Business Bay
- Units
- 1,300
- Escrow bank
- Emirates NBD
- Name in Arabic
- ايكون سيتي 3
- Land Department project number
- 2200
- Land Department site inspections
- 10
Schedule
Between July 2025 and April 2026 the site added about 0.9 points a month. At that rate it would finish around May 2032, more than three months after the December 2027 date registered with the Land Department.
Site inspections
12 April 2026
31%+5.0 pts
25 December 2025
26%+3.0 pts
28 July 2025
23%+5.3 pts
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19 March 2025
18%+8.4 pts
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14 October 2024
9.7%+3.1 pts
14 December 2023
6.6%+3.5 pts
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5 September 2023
3.1%+0.4 pts
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16 May 2023
2.7%+1.4 pts
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30 December 2022
1.3%+0.3 pts
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2 September 2022
1.0%
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Context
Business Bay has 43 projects under construction, 35% built on average. Aykon City 3 is behind that average.
Own a unit in Aykon City 3?
Mulki follows this project for you: each new Land Department inspection, your payment plan, the handover date and what the unit is worth today, in one private app.
Track the handoverQuestions
- When will Aykon City 3 be completed?
- The completion date registered with the Dubai Land Department is December 2027. At the pace of its recent inspections the site would reach 100% around May 2032. Developers can apply to the Land Department to extend the date, so check the register before relying on it.
- How much of Aykon City 3 is built?
- 31%, measured at the Land Department site inspection on 12 April 2026. The Land Department engineers have inspected the site 10 times since September 2022.
- Is Aykon City 3 delayed?
- It is running behind. At the rate of the last year it would finish more than three months after its registered date of December 2027.
- Who is building Aykon City 3?
- The registered developer is Damac Canal One Property Development.
- Which bank holds the escrow account for Aykon City 3?
- Emirates NBD. Dubai law requires payments for off-plan units to go into a project escrow account at a bank approved by the Land Department, so buyer money is held against this project only.
- Burj PacificNearby in Business Bay. 99%, Due January 2023, passed.
- 77sNearby in Business Bay. 14%, Due December 2028.
- West Bay TowerNearby in Business Bay. 83%, Due February 2024, passed.
- Chic TowerNearby in Business Bay. 84%, Due July 2025, passed.
- Off-plan handover in DubaiWhat happens between 100% and getting your keys.
- Snagging a new Dubai homeHow to inspect the unit before you accept it.
Progress, dates, developer, units and escrow bank come from the Dubai Land Department’s Mashrooi register, read daily. The pace and the projected finish are Mulki’s own arithmetic on the last year of Land Department inspections, not a forecast from the developer. Site photos belong to the Dubai Land Department. See how Mulki works with Land Department data.