Dubai’s Real Estate Boom: Samana Developers to Launch 17 New Projects in 2024
Tuesday, 27 August 2024
Union Properties is considering an exciting new venture with one of its subsidiaries exploring the acquisition of an outsourcing business. This strategic move could significantly boost the asset value and profitability of the subsidiary.
Samana Avenue: A Gateway to Luxurious Living
Key Features and Advantages
- Golden Visa for Purchasers: Samana Avenue stands out with its unique offer of the UAE golden visa, which grants a 10-year residency. This has sparked a buying frenzy, especially among European investors.
- Personalized Investment Advice: Samana Developers enhances the buying experience by providing tailored investment advice to prospective buyers, making the process seamless and accessible.
- Eliminated Down Payment Requirement: Following the Dubai Land Department’s removal of the Dh1 million down payment requirement, Samana Avenue has seen increased interest, with foreign buyers eager to enjoy a luxurious lifestyle in Dubai.
Vision and Commitment
Imran Farooq, CEO of Samana Developers, emphasizes their dedication to delivering quality living experiences:
“Our new project in the DLRC Dubailand neighborhood reflects our commitment to meeting the end-user needs of a quality lifestyle at the most sought-after locations. We have created value-for-money, quality finishes, and luxurious lifestyles. Samana Avenue is designed to serve this purpose and is set to offer affordable luxury.”
Exciting Growth and Upcoming Projects
- Expansion Plans: Samana Developers is set to launch 17 new projects this year. The company achieved an impressive 600% growth in 2023 and continues to be recognized as one of Dubai’s top developers.
Building Specifications
- Unit Details: The development features 16 stories with 165 well-designed units, including studios, one-bedroom, and two-bedroom apartments.
- Built-Up Area: Spanning 254,667.98 square feet, the project is expected to be completed by December 2027.
- Luxury Features: Most apartments include private pools, and all units are equipped with modern amenities.
Prime Location
- Convenient Access: Located near Al Ain – Dubai Road, residents enjoy easy access to major Dubai thoroughfares. Business Bay and Dubai International Airport are approximately a 20-minute drive away.
- Nearby Attractions: The project is close to popular destinations such as Dubai Miracle Garden, Global Village, and IMG Worlds of Adventures.
Lifestyle Amenities
- On-Site Facilities: Residents benefit from a range of amenities, including swimming pools, a state-of-the-art fitness center, a healthcare facility, landscaped gardens, and a children’s play area.
- Balcony Views: Each apartment features a spacious balcony perfect for enjoying Dubai’s stunning views.
Innovative Features
- Smart Home Technology: Samana Avenue incorporates the latest smart home technology, ensuring convenience and connectivity at the touch of a button.
- Sustainability: The development includes energy-efficient appliances and lighting systems to promote sustainability and reduce environmental impact.
Investment and Payment Plans
- Affordable Pricing: Apartments at Samana Avenue start at $178,000.
- Flexible Payment Options: The development offers an 8.5-year flexible payment plan, including five years of post-handover payments. Investors benefit from a 1% monthly payment before handover, 0.5% after handover, and 8% guaranteed returns.
Samana Avenue offers a compelling investment opportunity for those seeking to buy real estate in Dubai, combining luxury, convenience, and innovative living solutions.
