Cayan Group Projects worth Dhs1.2bn

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Cayan Group Projects worth Dhs1.2bn

Cayan Group has purchased plots to develop its latest projects in in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road. They also announced they they will develop property projects worth Dhs1.2 billion in Dubai and Riyadh this year.

The company, which developed the world’s tallest twisting tower in Dubai, said that it has purchased prime lands in both cities to develop the projects.

In Riyadh, it is planning to develop an office building in its recently acquired plot in King Fahed Road.

In Dubai, the company is planning to develop an upscale residential and hotel apartment towers in Umm Suqeim. The project is expected to cater to the rising demand for residential properties in the area, a statement said.

“The strategic land purchases as well as our upcoming landmark projects in Dubai and Riyadh form part of our comprehensive plans for 2015,” said Ahmed Alhatti, president and chairman of Cayan Group.

“Our new undertakings at the start of the year are fully aligned with the booming hospitality, residential and office sectors in both cities.

“Furthermore, we hope to meet the rising demand from various sectors, especially from the residential segment.”

Cayan Group’s current portfolio of developments in the UAE includes the world’s tallest twisting tower Cayan Tower, Silverene Towers, The Jewels, Dorrabay and Cayan Business Center.

The company also owns Layaly Compound and Samaya in Saudi Arabia along with Broumana Lands in Lebanon.

Danube Real Estate, which launched its second project Glitz towards the end of 2014, said earlier this month that it sold out all units within a day.

Source: Arabian Business

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.