Cayan Feed

March 25th, 2015 - Cayan Group, a leading property developer and real estate investment group, and investment firm SHUAA Capital today announced that they have signed an agreement to set up a Real Estate Development Fund. The Fund will be used for the construction of an AED 1 billion residential and  hotel apartment project located ion the strategic Umm Suqeim Road in Dubai.

Cayan Group will act as the  the main developer of the project which is estimated to be completed by the second quarter of 2018 and SHUAA will act as the Investment Manager for the Fund. The project has also been awarded to the International Japanese architecture firm Nikken Sekkei and to UAE-based Dewan Architects.