The prestigious Cayan Tower residential complex is a 75-storey skyscraper with an unusual architectural design and is located in the dynamic Dubai Marina district. The tower is distinguished from the surrounding buildings by its spiral shape, which serves as protection from the northern winds. The developer of the project was Cayan Investment and Development and completed in 2013.
Cayan Tower’s real estate collection includes 495 properties, namely studios, 1-bedroom, 2-bedroom, 3-bedroom apartments and penthouses overlooking the Dubai Marina skyscrapers, the waterfront and the marina. The minimum size of residential units in the complex is 67 sq. m (720 sq. ft), and the cost of residences starts from AED 880,000 (USD 240,000).
Infrastructure in Dubai Marina is constantly expanding, new residential complexes, luxury hotels and tourist facilities are being built all the time. Investors expect a high return on investment in residential projects in this place. The comfortable residences in Cayan Tower, its location on the coast and quick access to the neighboring business districts attract long-term tenants.
Rates of ROI for different types of real estate in the complex are: studios 7.2%, 1 and 2-bedroom apartments 6.7% and 6.4%, and 3-bedroom and 4-bedroom apartments 5.7% and 4.5% respectively.