Imran Farooq speaks during a press conference in Dubai on Tuesday.
Sajjad Ahmad, Deputy Business Editor
Samana Developers on Tuesday launched three new projects worth Dhs405 million in Dubai.
The new projects include a Dhs130 million Samana Park Views, a Dhs165 million Samana Waves and a Dhs110 million Samana Golf Avenue-II, located in Arjan, Jumeirah Village Circle and Dubai Studio City respectively.
The first in the series of projects, which will start sales on Oct.6, will be Samana Park Views located in Arjan. The project is scheduled for handed over in Q2 2024.
Spanning over 183,323 squares feet, the G+6 Samana Park Views residential project will house 176 studio, one, two-bedroom apartments with private pools.
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.
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 Dhs459,000. The unit sizes start from 361sqft for studio, 937 for one-bedroom, 1,301 for two-bedroom apartments.