DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C · Selling since 2022 · recent sales mostly off-plan

Street View imagery near Aykon City 3, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
AED 2,511/sqft
+2.6%
AED 2,626,028
AED 1,246,378 to AED 8,671,642, from 3.9 years of this project's own history. A trend, not a forecast.
Wide range
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Aykon City 3 — not an asking price, and not this project’s overall median, which mixes every unit size together.
A year’s rent against what that size actually sold for in Aykon City 3 over the same twelve months. Prices are this project’s own registered sales. Rents marked this building are registered new tenancies in Aykon City 3 itself; the rest are homes of the same size in Business Bay, used where Ejari did not name the building.
| Size | Costs now | Rents for | Gross yield | Sales behind it |
|---|---|---|---|---|
| 1 bed | AED 1.86M | AED 90,000/yrsame size in Business Bay | 4.8% | 20 |
| 2 beds | AED 3.73M | AED 130,000/yrsame size in Business Bay | 3.5% | 25 |
| 3 beds | AED 4.22M | AED 150,000/yrsame size in Business Bay | 3.6% | 12 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 2 beds here reads 4.7% instead of 3.5%, because it prices the home at AED 2.75M — the median across every sale on record — rather than the AED 3.73M it costs today. Every figure above uses the same twelve months on both sides.
Price vs. Business Bay median
+18.4%
Priced above the area's real median — ask why.
Developer track record
2,859 real transactions
1 completed · 1 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Transport, schools, healthcare, and daily essentials within 3 km.
1.4 km
Business Bay
850 m
Al Manar Quran Study Centre
588 m
Medcare Orthopaedics & Spine Hospital
768 m
LuLu Express
What it returns after service charges
Starting from the middle filed owners-association budget in this area — AED 18/sqft across 39 buildings, most recently filed for 2023. Charges have risen since then and the filing is matched to this page by name, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 13,964 | AED 76,037 | 4.8% | 4.1% |
| 2 beds | AED 20,931 | AED 109,069 | 3.5% | 2.9% |
| 3 beds | AED 29,993 | AED 120,008 | 3.6% | 2.8% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.