Cayan Cantara  

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  • Cayan Cantara Update: Jan 2016

     Jan 31 2016  Cayan Cantara  Apartments  Cayan Property Development

    This is an update on the Cayan Cantara development in Dubiotech.

    Construction has commenced on the site in October 2015. Completion is scheduled for June 2018.

    The complex consists of two towers - a residential tower and a hotel serviced apartment tower. Currently only the apartments are for sale and the hotel serviced apartments component should be launched in late Q1 2016 or early Q2 2016.

    We estimate that over 70% of the apartments are sold out though we cannot independently verify this. The developer is still selling a handful of Studio, 1 Bedroom, 1 Bedroom + Study, 2 Bedroom, 2 Bedroom + Maid apartments. There are also a few podium villas available for sale (2, 3 & 4 bedroom units).

    The apartments are well priced for a high-end development. Prices per sq. ft. range between AED 1,060 - 1,160 per sq. ft.

    Studios with a built up area of 631 sq. ft. are selling for AED 700 - 730,000

    1 Bedrooms have built up areas of 843 - 908 sq. ft. are selling for AED 1,050,000 - 1,140,000

    1 Bedroom + Study units have built up areas of 1,025 sq. ft. and are selling for AED 1.15 - 1.165 million.

    2 Bedrooms have built up areas of 1,547 - 1,962 sq. ft. and are selling for AED 1,570,000 - 2,080,000

  • Cayan Cantara Launch Prices

     May 05 2015  Cayan Cantara  Apartments  Cayan Property Development

    According to the developer, out of the 95 units released for sale, less than 20 units are available for sale now.

    All studios have already been sold. Available property types are the 1 bedroom, 1 bedroom + study, 2 bedroom and 2 bedroom + maids room.

    The 1 Bedroom are about 771 sq. ft. in size and are selling for AED 900,000 (with prices rising slightly depending on floor)

    The 1 Bedroom + Study units are about 870 sq. ft. in size and are priced at AED 1,040,000)

    2 Bedroom units are 1,371 sq. ft. in size and priced at AED 1,765,000 upwards

    2 Bedroom + Maids rooms have a built up area of 1,534 sq. ft. and are priced at AED 1,955,000 upwards

    In general, 1 bedroom units are priced at AED 1,000 psf; 2 bedroom units are 970 - 990 psf.

    Payment Plan: AED 10,000 upon reservation, 5% within 30 days of reservation, 35% payable in 7 installments of 5%, 30% when building's completion certificate is issued and 30% on handover.


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