Cayan Group assigns Rotana to manage Cayan Cantara project in Dubai
Shapoorji Pallonji International appointed the main contractor with constuction to commence immediately
Cayan Group, the leading property developer in the Middle East, has appointed Rotana Hotel Management as the hotel operator for the Cayan Arjaan Hotel Apartments project.
Furthermore, Shapoorji Pallonji International has been appointed as the main contractor for the project with construction works expected to commence immediately.
The two announcements were made at a recent press conference in Dubai attended by Ahmed Alhatti, Chairman of Cayan Group, Nasser Nowais, Chairman of Rotana, Omer Kaddouri, President & CEO of Rotana, Mohan Saini, MD & CEO of Shapoorji Pallonji International, and Ziad Kanaan, Real Estate Director of SHUAA Capital.
The Cayan Cantara project, located Umm Sequiem Road in Dubai, comprises two towers - the residential and hotel apartment tower - and will include more than 700 units in the form of studios, apartments ranging from one-bedroom to three-bedrooms, and penthouses.
The residential tower was launched recently and received a tremendous response from the public in terms of sales, and the same is expected for the hotel apartments. The official sales of the hotel apartments were launched during the press conference.
“It is a great feeling to work with such renowned brands in the hospitality and construction sectors,” said Alhatti, Cayan Group Chairman.
High occupancy rate
Forecasting an occupancy rate of 90 per cent year-to-date, excellent service and beautiful interiors, Cayan Cantara’s hotel apartment tower will function under Rotana’s Arjaan brand.
To date, 60 percent of apartments in the project’s residential tower has been sold. The tower will be managed by Rotana’s ‘The Residences’ brand, which is the company’s latest trend-setting hotel residence hybrid extending hotel facilities to home dwelling.
The residential tower although managed by Rotana, will provide tenants the option of personalizing their living spaces.
“We are excited to partner with Cayan Group on yet another one of its iconic masterpieces. With Cayan Cantara Towers we are sure the project itself will marvel the visitors, and it is truly exciting to be a contributing partner in promoting quality, luxury, and an experience in Dubai, ” said Nowais.
For Shapoorji Pallonji International, “Developing Cayan Cantara will be an exciting project, especially as we bring to life some of its architectural delights. We welcome the challenges involved in building this beautiful masterpiece without compromising on quality,” said Saini.
“SHUAA has had a solid experience already working with Rotana, who are managing three of our own properties in Saudi Arabia. We look forward to leveraging this blend of expertise from the various partners to build out Cayan’s fund and deliver attractive returns to their investors,” said Kanaan.
Cayan Group, which started operations in 2004, has offices in Riyadh and Dubai, with a development portfolio featuring high rise buildings, which include residential complexes, commercial towers and centres, hospitality projects and multi-purpose gated communities.