Aykon City - Luxury Residences in Dubai

Aykon City is a marvelous project. Remarkable proximity with just the right hint of natural pleasures that give you stupendous effect every time you get in your home is what the Aykon City offers you. The rooms are sculptured marvellously to give you picture perfect homes. Sufficient space and optimum cross ventilation ensure that no resident is disadvantaged of the pleasure of natural treasures such as fresh soothing breeze and sunlight. Damac's Aykon City definitely invites you with your priceless family to pamper all of you in its unique world comfort & luxury.

In fact, there are several factors which make it the ideal residence. The prime location, sprawling spaces and breathtaking views of the skyline and shoreline, to name a few. The creator has crafted these living spaces that explains the sophisticated ambience that Aykon City exudes. From the high ceiling to the unhindered views of the Dubai Canal and the long-extented Sheikh Zayed Road to a multitude of amenities and sports facilities, Aykon City Dubai offers everything the discerning resident would desire. What's more, Damac Aykon City offers a luxurious lifestyle doesn't get more real than this.

Here you can be rest assured about boarding the flight on time and avoiding the traffic to reach your workplace. The layout is planned by experienced architects who have made sure there is no wastage of space in any of the apartments. Aykon City Dubai is the perfect choice for a larger than life experience replete with all the modern world-class amenities and features.

Why Invest in Dubai?

Dubai is a tax-free city, with no income or capital gain tax. This makes it extremely attractive for people from all around the world to come and work in Dubai, as well as invest in property.

Foreign investors are attracted to Dubai due to the various Free Zones.

Dubai is easily accessible, having direct flights from all the major cities in the world.

Dubai remains a popular tourism destination with its fabulous shopping malls, five-star hotels, beautiful beaches and numerous attractions.

Dubai is extremely safe, having a very low crime rate – making it a perfect place for families and wealthy individuals.

The climate in Dubai is very pleasant throughout the year, with only 3 months of summer heat.

Why does Dubai Real estate remain a good investment opportunity?

Property prices are inexpensive in comparison to other similar trading hubs around the world. There is a potential for further growth, as prices have grown by 10% in demanded projects from 2011.

Property is a good hedge against inflation. At such times the higher cost of debt servicing can usually be pasted on in additional rent, while the value of the property inflates and its debt is unchanged.

Rental income from property is a stable source of income, and while it might fluctuate, is highly unlikely to vanish altogether. Compare that to interest on deposit accounts or dividends on shares. Good investment properties in Dubai offer 8-10% rent return (after deduction of maintenance feed).

Real estate always has a residual value, although prices can certainly fall as well as rise. But property values will never fall to zero unlike shares and hedge funds.

Property is a kind of hybrid asset with the capital appreciation of a stock but the income producing capacity of a bond.

Investors typically have more control over the nature, timing and size of real estate investments. This is partly because they are tangible and easier to understand, and diversification is readily available in the form of different types of property.

Dubai property is open to any investor from anywhere in the world, unlike the local stock market. This means greater liquidity and more funds in the marketplace.

Demand for property typically picks up during an economic boom or easier mortgage acquisition through Banks. Dubai banks have started lending again, and the number of finance purchases has increased significantly since 2009.

Real estate is always an excellent collateral security against loans, and allows debt finance to be secured at the best rates.

Property portfolios offer great scope for diversification of risk into different property types, locations and rental levels. This helps to spread the risk of an interruption to income flow.

DAMAC Properties was established in 2002, as a private residential, leisure and commercial developer in Dubai and the Middle East. Since then, the Company has expanded rapidly into North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.

At the heart of DAMAC Properties' culture lies the desire to deliver a luxury vision for customers. From the selection of its development partners such as architects, designers and contractors, to the handover of keys, the Company endeavours to keep its promise to make sure every detail is flawless.

To ensure developments are delivered to the highest possible standards, DAMAC Properties provides the right working environment for talented employees, selects only the finest partners, develops projects in prime locations, and uses the most sophisticated building materials.

Only by operating this way can the Company guarantee a track record of delivery for customers to help realise its goal of being the leading luxury developer in the Middle East.

Ashutosh is a freelancer writer for real estate and finance topics.