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Cayan Completes AED 350 Million Dorrabay Project In Dubai Marina
2008-11-30

Cayan Completes AED 350 Million Dorrabay Project In Dubai Marina

Cayan investment and Development´s 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.

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 Ahmed Alhatti, Chairman 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 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 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 Lamar (Jeddah) and Egypt.

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