Saudi developer Cayan Group is set to launch a hotel apartments tower in its Cayan Cantara development in Dubai, according to a press release last week.
The company says the property will be managed and operated “By a well-renowned hospitality giant in the Middle East and beyond,” without giving out its name, however. The firm says it will disclose more details on the project at a press conference on November 28.
The company also announced that sales in the Cayan Cantara currently stand at 60%. The development is financed by an AED 1 bn real estate development fund by Cayan Group and SHUAA Capital.