Samana Developers says it has broken ground on the $27.2m Samana Hills near Miracle Gardens
Samana Developers has announced it has broken ground on its second real estate project, the AED100 million ($27.2 million) Samana Hills.
The project will deliver 205 residential units comprising studio to two-bedroom apartments at Arjan, near the Miracle Gardens.
The ground-breaking took place less than a year after the developer started construction of its maiden project, the AED75 million Samana Greens at Arjan.
“This is the second ground-breaking ceremony within less than two years and reflects our strong commitment to the UAE’s real estate market,” said Imran Farooq, group CEO of Samana Group of Companies.
“Construction and delivery are key aspects of the real estate business. As a responsible developer, we take construction and on-time delivery of projects – key to attain customer satisfaction – very seriously,” he added.
The residential units, which come with prices starting at AED399,000 for studios and AED599,000 for one-bedroom apartments, will be delivered by the fourth quarter of 2021.
Farooq said: “The UAE’s real estate market will grow further if more affordable homes like our Samana Hills are built to help the middle income families to move into their freehold homes from the rented homes.”