Dubai realty investors’ hot spot - GulfToday

Dubai realty investors’ hot spot


Marwan Bin Ghalita with other officials at the opening of a residential project in Dubai.

Inayat-ur-Rahman, Gulf Today

Dubai has emerged as a hotspot for global and local real estate investors buoyed by the emirate’s steady economic growth, world-class infrastructure, tolerant and inclusive culture for multiple nationalities and ease of access to the rest of the world.

The City of Wonders’ property market is marching ahead in 2021 due to major incentives launched by the government and lucrative business ambiance in the country.

Samana Developers has begun handover of first keys to tenants at Dhs75 million Samana Greens residential project at Arjan, near iconic Dubai Miracle Garden, the world’s largest natural flowers garden in Arjan, Dubailand District. Samana was awarded the Building Completion Certificate (BCC) last month by Dubai Development Authority.

 The handover ceremony was chaired and inaugurated by  Marwan Bin Ghalita, Chief Executive Officer of Dubai’s Real Estate Regulatory Authority (RERA), along with high officials from RERA and Samana Developers. The G+4 Samana Greens sits on a built-up area of 119,580sqft and houses 122 units comprising studios, one- and two-bedroom apartments, along with six retail spaces at the ground level.

 Rera’s site inspection team, which inspected the project on July 2020, gave high appreciations to the project progress which was achieved despite the hardships caused by COVID-19.

 Imran Farooq, Chief Executive Officer of Samana Developers, said: “It is a milestone achievement for the entire team of Samana Developers, its contractors and consultants. Keeping the momentum and consistent in construction was an uphill task during the pandemic lockdown period. In a way, we have set a new benchmark.”

Samana Developers managed to fast-track the construction by introducing double shift of workers, keeping an eye on workers’ health condition with the PPE and SOPs intact, on project timelines and remote monitoring through CCTV cameras installed at the project site and connecting them to Samana’s back-office.

Related articles