Samana Group to tap into massive Dhs122.6b Expo 2020 opportunity

Inayat-ur-Rahman

The Dubai property market is on solid growth track and is marching ahead. Real estate in the UAE is not only affordable now but the rental returns are also very high and stable as compared to the other markets.

This was stated by Imran Farooq, Group CEO, Samana Group of Companies during an exclusive interview with Gulf Today, adding that Expo 2020 would further spice up the UAE’s realty sector.

“We are living in historic times of UAE when the country has launched iconic projects of Expo 2020 and its ambitious Space Mission. These projects have direct impact on UAE’s economy and businesses. Imran Farooq added: “Our foray into Dubai’s real estate market with the launch of Samana Greens and Samana Hills, has received overwhelming response from investors. To capitalize on the Expo opportunity, we will soon launch new projects that will be built to meet the accommodation needs of tourist influx.”

He mentioned that he is keen to tap into massive Dhs 122.6 billion Expo 2020 opportunity.

Farooq noted that Samana Hills, which was launched on April this year has been 90 per cent sold out and they are planning to launch  Samana Golf Avenue project by November 16, 2019. He disclosed that Samana Greens would be delivered on first quarter 2020 and Samana Hills would handed over on Q1, 2021. Samana Greens is being developed as per the green building best practices utilising the green technology. The residential units are loaded with smart home technology to enable them energy-efficient making residents’ stay more comfortable and luxurious.

On its 23rd anniversary held in Dubai, company said Samana Developers’ 500 residential units will have a share of accommodation needs for international tourists coming to the mega event, and 300 serviced offices at Samana’s Star Business Centres will offer state-of-the-art working spaces to new MNCs and SMEs who will visit Dubai and are predicted to make Dubai as their Middle East hub.

EY in its ‘The Economic Impact of Expo 2020 Dubai’ Report in April 2019 forecasts that the Expo will boost UAE economy with a sizeable yield of Dhs122.6 billion investments that will create 905,200 new full-time jobs and 1.5% contribution to UAE GDP in a short span of six month.

  Alan James, General Manager, Samana Group, said: “Samana Group is one of those business conglomerates in Dubai that received consistent year-on-year growth. He attributed it to company’s policy of maintaining diversity and equal-opportunity-employer across the group which runs eight different businesses in the Middle East.  

The growth is also attributed to the dedicated employees who worked hard and showed excellence in customer service that placed the group as one the oldest and largest immigration service providers in the Middle East, which helped thousands of people migrate to USA, Canada, the UK, Australia, New Zealand, the Europe, and the Caribbean region.” “Samana Group’s growing cultural and religious diversity across its functions and entities reflects UAE’s policy of tolerance, which resulted in employee happiness and retention”, Alan concluded.

On its 23rd anniversary of Samana Group a large gathering of diversified employees attended the  dinner reception in Dubai on Monday night.

Samana Group of Companies is a Dubai-based well-diversified and well-established business conglomerate comprising of eight companies engaged in immigration consultancy services, investment advisory, real estate development, property brokerage and asset management, playing their role in the UAE and GCC economies. Each company is a full-fledged professional and business entity, with proper business model, state-of-the-art facilities and managed by fully dedicated professional staff. Samana Group offers diversified services to its clients. Samana Group’s strength is in its highly professional and transparent approach. The group companies render Business Management, Immigration Services and Real Estate investment and Development services with outstanding professional approach. Samana Group includes Premiers International, Star Business Centre, Global Migration Services, AAA Associates, Samana Developers, Capital Investment Company Limited and Reliance Star Properties.

The group is one of the oldest and largest immigration service providers in the Middle East.

Samana Group attributes its growing cultural and religious diversity across its entities to UAE’s policy of tolerance, which resulted in employee happiness and retention.