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Cayan sells out first phase of Cantara project

Saudi developer says Dubai project with hotel and serviced apartment units sells out first phase within two weeks

The Cayan Cantara project will be built at Umm Suqeim Road
The Cayan Cantara project will be built at Umm Suqeim Road

Cayan Group, the Saudi Arabian developer that built the twisting Cayan Tower in Dubai Marina, has said the first phase of its new Cayan Cantara project has sold out.

The project was launched on 13 April - the day after a VIP event at Dubai's Grosvenor House hotel where guests watched 'French Spiderman' Alain Robert free climbing its Cayan Tower structure.

Cayan Group said that the first phase of the $272m Cayan Cantara towers project sold out in less than two weeks and the first 100 units sold in a week

The $272m project is a joint venture with Shuaa Capital that consists of two towers -one 38 storeys and the other 42 storeys - containing a hotel and serviced apartments. These will be linked by a bridge containing a hanging glass-walled swimming pool, a fitness centre, an outdoor screen and a conference hall.

The project, which will be housed on Dubai's Umm Suqeim Road, has been designed by architects Nikken Sekkei and by UAE-based Dewan Architects.

Cayan Group president and chairman Ahmed Alhatti, said: “We have seen an overwhelming response and uptake for the first phase of units in the development; therefore, we decided to release the second phase. This success proves how healthy & strong Dubai market is."

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Construction Week - Issue 746
Jul 20, 2019