An Aerial View With The Burj Al Arab Hotel Is Seen In Dubai

Jun 26, 2016

An aerial view with the Burj Al Arab hotel is seen in Dubai

22 June 2016
Saudi Arabia-based real estate developer Cayan Group is considering purchasing land in Dubai South (formerly Dubai World Central), the company's chairman told Zawya Projects.

"We've been invited there [to look at Dubai South]. We're still looking at it," Ahmed Alhatti said and added that a decision would be taken after getting the master plan details.

The Dubai South master development is located near the World Expo 2020 site.

"So far most of the development there has been staff housing, which is not our speciality. But they promised us that there [will be] more nice developments from them," he said.

"The Expo lasts six months, but from now till then (the Expo), and after that, you need something to attract people there. You have to have a lifestyle there. If that happens, it's an area we can consider," he added.

On 20 June, 2016, a statement from Government of Dubai Media Office said the Ruler of Dubai has issued Decision No (8) of 2016, which grants non-UAE nationals the rights to absolute ownership, without a specific time frame, of lands and properties located in land plots numbers 205, 206 and 207 in the Dubai World Central area (521).

On 15 May, 2016, chairman of Dubai Aviation City Corporation, Sheikh Khalifa Al Zaffin, told Zawya Projects that Dubai-based master developer Emaar Properties PJSC will launch its Golf City mixed use project in Dubai South in September 2016.

Cayan's portfolio features projects worth $667 million, which includes Samaya and CMC in Riyadh, Cayan Tower, the world's tallest twisted tower, Silverene Towers, The Jewels and Dorrabay in Dubai.
 

Credits To Zawya

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