Samana launches 3 new projects worth Dh405m in Dubai
Dubai’s property market has a bright outlook as rich and ultra-rich individuals consider the emirate as their second home following successful handling of the Covid-19 pandemic, says an industry stakeholder.
Imran Farooq, chief executive officer of Samana Developers, said apartment and villa prices are expected to sustain an upward trend in post-expo 2020 period as the demand will outpace the supply due to growing interest of investors and end-users in the market especially after the visa reforms.
Farooq, who launched Esg-inspired three new projects worth Dh405 million in Dubai, said new developments will continue to inspire the residents and residents to make the emirate a permanent home offering a healthy lifestyle, security and safety with an ideal environment to their future generation.
New projects focus on ESG
Samana Developers on Tuesday launched three new projects — Dh130 million Samana Park Views, Dh165 million Samana Waves and Dh110 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 for healthy resort-themed properties.
Latest announcement came after the successful on-time handover of Greens Project as well as 100 per cent sold out units in Golf Avenue and 100 per cent completion of the superstructure of Hills project.
Sales start on October 6
The first in the series of projects, which will start sales on October 6, 2021, will be Samana Park Views located in Arjan. The project is adjacent to a community park, walking distance to Butterfly and Miracle Gardens.
Spanning over 183,323sqft, 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 a high volume of interest.