License expires Nov 2026
DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C
License #747245 · Registered 2016 · 50% avg completion
01Developer verdict
CONDITIONAL BUY
1 completed, 1 under construction. Verify delivery history before committing. Average yield 7.2%. Best performer: AYKON CITY (#195). License renewal due Nov 2026 — verify before committing to under-construction projects.
Top projects by rank: AYKON CITY (#195), AYKON CITY 3 (#863)
02Key numbers
Total projects
2
DLD registered
Completed
1
50% done
Under construction
1
in progress
Avg yield
7.2%
on par / above
Sales (12m)
204
transactions
Rent contracts (12m)
100
strong demand
Occupancy
4%
100 / 2,518 units
03Portfolio breakdown
2
projects
Completed1
Under construction1
Pending0
Recent completion track record
AYKON CITYfinished
AYKON CITY 32022
04Risk assessment
05Project portfolio — top performers
| Project | Rank | Yield | Growth | Total | AED/m² | |
|---|---|---|---|---|---|---|
| AYKON CITYfinishedBusiness Bay | #195 | 8.2% | — | — | 19.415 | Analyze project → |
| AYKON CITY 3activeBusiness Bay | #863 | 6.1% | — | — | 26.320 | Analyze project → |
06Before you buy from this developer
critical
Verify license renewal plan
License #747245 expires Nov 2026. Confirm renewal status before any commitment on active/pending projects.
verify
Check escrow account status
Verify financial guarantees and milestone payment structure for under-construction projects. Confirm funds are in RERA-regulated escrow.
verify
Confirm construction schedule
For active projects: verify current construction progress vs stated completion percentage. Request latest project timeline from developer.
context
Overall risk: MEDIUM
DAMAC CANAL ONE PROPERTY DEVELOPMENT L.L.C has 1 completed projects. Completed projects carry lower developer risk than off-plan.
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