Saudi developer Cayan Group on Monday said it has appointed Shapoorji Pallonji International as the main contractor for its Cayan Cantara project in Dubai.
The construction on the project – estimated to cost AED 1 billion – is expected to start soon, the company said in a statement.
The developer also named Rotana Hotel Management as the operator for the Cayan Arjaan Hotel Apartments, which will be part of the Cantara project.
The Cayan Cantara will also offer interested individuals the opportunity to invest in a rental pool, which will be managed by Rotana at no extra charge, the statement said.
The project comprising two towers – residential and hotel apartments – will have more than 700 units in the form of studios, one-bedroom to three-bedroom apartments, and penthouses.
The project’s residential tower, which will be managed by Rotana’s The Residences brand, has had 60 percent of apartments sold to date.
The hotel apartment tower will operate under Rotana’s Arjaan brand.
The project will be launched in two stages at Umm Sequiem Road in Dubai and will also offer retail spaces, restaurants, meeting rooms, gym, spa, and lounge, Cayan added.
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