Samana Developers Launches ESG-Inspired Three New Projects Worth Dh405 Million

Following successfully on-time handover of Greens Project, Golf Avenue 100% sold out and Hills project 100% completion of superstructure, Samana Developers today launched three new projects – Dh130 million Samana Park Views, Dh165 million Samana Waves, 110 million Samana Golf Avenue-II, located in Arjan, Jumeirah Village Circle and Dubai Studio City respectively.

New projects will focus on Environment, Sustainability and Governance (ESG) aspects in the wake of environmental, health and affordability concerns during the pandemic, which has increased demand of healthy resort-themed properties.

The first in the series of projects, which will start sales on October 6th 2021, will be Samana Park Views located in Arjan. The project is adjacent to a community park, walking distance to Butterfly and Miracle Gardens, major tourist attractions in Dubai.  Spanning over 183,323 sq ft, the G+6 Samana Park Views residential project will house 176 studio, one, two-bedroom apartments with private pools. Samana is expecting this project will be sold out in a day or two as the developer is receiving high volume of interests.

Imran Farooq, Chief Executive Officer of Samana Developers, said: “We have learnt a great lesson of being resilient during the challenging times. That’s what pays back to us. At the back to of that, of course, the Expo 2020, economic reforms, new visa regime and successful handling of the pandemic with vaccine drive across the country are factored around the highly positive outlook for Samana properties.”

“Based on a very positive investor interest, we noticed that well-thought-of and unique design features of Samana Developers projects offer a healthy and beautiful lifestyle that make our real estate assets attractive to investors and end-users alike – not just another brick-and-mortar building. Affordable prices for our luxury resort style features plays a key role in making it possible to attract attention.”, concluded Imran Farooq.

The ESG-inspired key features of the Samana Park Views project will be leisure decks with main swimming pool for adults and kids, water features, yoga zone, open cinema, bar, green areas, indoor and outdoor gyms, health club with steam & sauna facilities and 24-hour security. Samana Park Views project is scheduled for handed over in Q2 2024.

Samana Park Avenue residential project has a flexible payment plan with 10% down payment, 1% over 70 months, 10% in 6th month, 5% in 12th month, and 5% in 18th month. Prices start from AED 459,000. The unit sizes start from 361 sqft for studio, 937 for one-bedroom, 1,301 for two-bedroom apartments.

Two other projects that will follow Park Views are: Dh165 million Samana Waves in Jumeirah Village Circle, and Dh110 million Samana Golf Avenue -II at Dubai Studio City. Details will be revealed at a later stage.

Earlier, Dh100 million Samana Golf Avenue-I project at Dubai Studio City has been fast-tracked, 100% sold out as of today and will be ready for handover in Q1 2023.

Samana Greens Handed Over

In February 2021, Samana Developers handed over first keys of Dh75 million Samana Greens project located in Arjan.

Financing

Another important aspect which boosts investor confidence in Samanna assets is provision of 50% financing to its buyers. Samana property assets guarantee the competitive 24% returns at 8% per year over 3 years. That makes Samana projects an attractive proposition.

About Samana Developers:

Samana Developers, part of Samana Group of companies, has successfully completed numerous industrial and residential projects in the Middle East. Samana Developers has built its reputation through high performing standards and a wide range of services. Samana Developers focuses on developing state-of-the-art commercial and residential projects with distinctive features that make life a better place to live in.

Authors