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Cayan completes AED 350 million Dorrabay project in Dubai Marina

by CW Staff on Dec 17, 2008

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Cayan Investment and Development – one of the region’s leading real estate developers – has announced the completion of its iconic AED 350 million Dorrabay project in Dubai Marina.

The company also announced that it has completed four towers out of six towers in the Marina, further endorsing its impressive track record of completing its projects as promised.

Dorrabay is one-of-its-kind residential project in the Marina, offering everything that one seeks – from state-of-the-art facilities to a great marina location. The handing-over process has already started with clients already receiving their keys to move in.

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Mr. Kareem Derbas (CEO) may well feel proud of his companies achievements, but as an owner of an apartment at Dorra Bay

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The completion of the projects apart from Dorrabay, also reiterates Cayan’s commitment to project delivery, further building the customer confidence amidst the challenging times posed by the global economic downturn.  Cayan has delivered La Residencia Del Mar, The Jewels, Dorrabay at Dubai Marina and Cayan Business Centre at Tecom, Dubai.

In his comments on the successful completion of Dorrabay and other projects, Ahmad Al Hatti, Chairman of Cayan, said: “We are delighted to unveil yet another masterpiece for the discerning community– the Dorrabay in Dubai Marina.  A beautiful residential tower, Dorrabay extends a sophisticated lifestyle with unique facilities and a stunning view of the Marina.”

With thoughtfully planned space and utilities and elegantly designed interiors, Dorrabay offers a pioneering, premier residential complex that offers distinctive lifestyle expression with unparalleled opportunities. Dorrabay boasts of world-class facilities and will offer its tenants a vast array of unique services and state-of-the-art amenities. A brilliant fusion of 1, 2, 3 bedroom apartments, duplexes, townhouses and penthouses, the project offers perfect choice of facilities such a gymnasium, swimming pool, children’s play area, and a host of retail stores to include coffee shops, restaurants, salon and spa.

Mr Kareem Derbas, Chief Executive Officer of Cayan, said: “At Cayan, we have constantly strived for the best and are committed towards delivering high-end luxury and high return on investment to our customers. In line with our commitment, we have made significant progress towards developing our projects. This is a big year for us – and we have successfully completed four of our six towers in the Marina, in addition to a commercial tower, Cayan Business Centre, in Tecom. We are confident that the project execution will go a long way in building customer confidence in our projects and the real estate industry as a whole.”

Cayan, which has carved a niche with its distinct projects, has also won several awards including the Best Marina Development, Best High Rise Development, Best Development in Dubai, Best Architecture -- Multiple Units -- Dubai, Best Developer Website -- Dubai, Best Property Marketing -- Dubai and an International Property Award for Best Architecture.

The company, which started its operations 5 years ago with a single project on Dubai Marina, now has a remarkable portfolio of projects worth AED 8 billion. Cayan has also extended its presence beyond the UAE -- in addition to the six projects in Dubai; it has projects in Jeddah (Lamar) and Egypt.
 




Readers' Comments


David Robinson (Dec 29, 2008)
Re: Cayan completes AED 350 million Dorrabay project in Dubai Marina
Mr. Kareem Derbas (CEO) may well feel proud of his companies achievements, but as an owner of an apartment at Dorra Bay I can tell you that he needs to visit the Site (and it is still a building site). This project is in no way completed, people are moving in after twelve months of delay they cannot wait any longer. So much pressure has been brought to bear on Cayan that they have agreed that many should move in before completion. Only one lift operational out of four. That broke down between 8 & 9 for eight hours last week, no fire alarm functioning, none of the common areas finished, swimming pool still has the contractors rubbish in it, and so on. Shame on Cayan Development. Tarnished is the only way to describe this building along with the quality of finishes. High Quality does not apply here! The CEO really should visit the SITE and see for himself.


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