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Cayan S Silverene Towers Achieves Phenomenal Construction Progress
2009-08-19

Cayan S Silverene Towers Achieves Phenomenal Construction Progress

Dual tower development on Dubai Marina is on fast track and is set to meet delivery
deadline

Cayan Investment and Development one of the region s leading real
estate developers today announced that its Silverene Towers development at
Dubai Marina has made substantial progress in construction.

Silverene s Tower A will have 35 floors while Tower B will have 26
floors comprising studios, one, two and three bedroom apartments, duplexes and
penthouses. To date, Tower A has reached level 15 and Tower B has reached level
14. The concrete columns on both towers have reached level 16th floor.

Arabtec Construction LLC is the main contractor for the project
whilst Robert Mathew Johnson Marshall (RMJM) were the designers and creators
behind Silverene, they are also the creators of architectural masterpieces such
as Emirates Towers on Sheikh Zayed Road.

Nearly 2000 Arabtec employees are currently working on the site, a
100% increase in workforce since March 2009. As a result, typical floor
construction has been fast-tracked, and is expected to go up by one floor every
seven days and the concrete core wall is going up one floor every four days.

Mr Ahmad Al Hatti, Chairman of Cayan, said, Silverene Towers is one
of Cayan Investment s iconic projects in Dubai Marina offering a luxury
lifestyle that takes full advantage of the 10,000 square metres site. We have
achieved phenomenal progress of construction on the project, which reinforces
our impressive track record on delivery. The company has already carved a niche
with its timely hand over of La Residencia Del Mar, Dorrabay, Cayan Business
Centre and The Jewels projects as also significant progress on Infinity Tower
project in Dubai Marina.

He added: We have awarded all the major contracts for accomplishing
the project on schedule and we aim to finish the construction and handing over
by the set deadline. We are thankful to Arabtec and other contractors who share
our ideals and vision on project delivery and quality construction. We have
planned well ahead of time so that we can deliver the quality our customers
have come to expect from Cayan.

Once complete, each of Tower A and B will be linked by a four storey
podium with two floors of exclusive retail outlets, and a spacious sun deck
with swimming pool for residents and feature its own fully equipped gymnasium.
It will encompass all the luxury benefits of waterfront living with unique
interiors, captivating glass and mirror effects to maximize the breathtaking
view of Marina.

To ensure the retail offer matches the quality of the overall
development and the needs of Silverene residents, Cayan will hand pick the retailers.
All the retail shops will enjoy a prime location on the marina promenade and
will be made of up of two levels, ground and mezzanine. The Silverene Towers
development offers close access to Marina Mall, spread across 275,000m2 of
shopping splendour, as also one of the largest boat clubs in the region making
it the perfect location for those wanting a true marine environment.

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