Cayan Group has revealed plans to develop and launch a Hotel Apartments Tower at Cayan Cantara. The Hotel Apartments Tower, will be managed and operated by a well known hospitality giant in the Middle East.
“The unbridled success of the first Cayan Cantara tower prompted us to carry on with our master plan for the Cayan development on the strategic Umm Suqiem Road. Entering the hospitality and tourism sector through the development of a hotel apartment tower at Cayan Cantara is of strategic importance to the growth of Cayan both in terms of physical growth and brand equity, and Dubai which is a tourist magnet is a good place to put our hospitality strategic plans in motion,’’ said Ahmed Alhatti, Chairman of Cayan Group.
Along with the hotel apartment tower, there will be more than 700 units in the form of studios, apartments ranging from one to three-bedrooms, and penthouses complete with retail spaces, restaurants, meeting rooms, gym, spa, and lounge. The development of the project is managed through an AED 1bn real estate development fund set up between Cayan Group and the investment firm SHUAA Capital.