Cayan launches sixth Dubai property

DUBAI — Cayan Investment and Development, which has been involved in the development of several residential projects, is already planning to build its seventh project in Dubai following the launch Wednesday night of the sixth property, Silverene Towers.

By Jose N Franco Jr

Published: Fri 18 May 2007, 9:17 AM

Last updated: Sat 4 Apr 2015, 11:06 PM

Total cost for the six projects in Dubai is Dh8 billion.

Cayan officials said theseventh project, whose formal announcement will be made by the end of year, would carry the Mediterranean and Andalucian style in architecture and design. Before Silverene, which will be built in Dubai Marina, Cayan already had four projects in the said area. It has another project, Cayan Business Centre, along Shaikh Zayed Road. Cayan also has three projects in Saudi Arabia amounting also to Dh8 billion. Ahmed El Hatti, chairman of Cayan, said the company would continue looking at expanding its portfolio by looking for more waterfront plots for future projects.

In a statement, meanwhile, El Hatti said the Dh800-million Silverene Towers is being built opposite the water's edge in one of the best locations in Dubai Marina, and is walking distance to Marina Mall, yacht club and Al Majara Community. 'Silverene will offer the best of everything from floor-to-ceiling windows to maximise the million-dollar views, cutting-edge interior design, and fully equipped designer kitches,' El Hatti said. 'We are eager to have this project completed and delivered on time. Soil testing has been done and piling will start soon.'

More news from Business