• Leading property developer announces completion of four out of its six towers in Dubai Marina

• Cayan reiterates commitment to project delivery, boosting customer confidence

Dubai, December, 2008: Cayan Investment and Development – 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 Kareem Derbas, Chief Executive Officer 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, Cayan Business Centre, 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 its 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 Jeddah (Lamar) and Egypt.

About Cayan Investment & Development
Cayan is a regional player with presence in Dubai, Riyadh, Jeddah and Cairo. The company has developed several residential projects in Dubai, namely the recently completed La Residencia Del Mar, Dorrabay and The Jewels at Dubai Marina. The exquisite Infinity Tower — the only 90 degree twisting tower in the world — is also being developed at a prime location in Dubai Marina. In KSA, Cayan is developing the Lamar project, a one of its kind 7 star luxury project.

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