Samana, a Dubai-based developer sets the target of quadrupling growth this year with the launch of 12 new projects, including five-star hotels worth AED2.5 billion.
The projects will house around 2,400 units in the city. The first six projects have been phased up for the first half of this year.
Real estate in Dubai
“2022 remained bullish for Samana Developers as it set a new trend in the market. I believe innovation and an out-of-box approach in real estate are key factors to success in modern Dubai’s real estate market,” said Imran Farooq, Chief Executive Officer of Samana Developers.
For example, Samana Developers was the first developer in Dubai who created and set the trend of private swimming pools in residential projects – in non-hotel projects with title deeds. We are proud of it. Today, this trend has been replicated by at least two dozen developers. We will be coming up with new design ideas in our 12 new projects in 2023,” he added.
The Samana Park Views was launched in September 2021. So far, four of eight slabs have been completed. The entirety is set to be completed by end of February 2023 and the project to be delivered in Q2 2024.
“Dubai’s AED32 trillion ($8.7 trillion) Economic Agenda, recently launched by UAE Vice President, Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, is a new inspiration for us and for everyone. It will play a pivotal role in cross-sector growth, especially real estate, over the planned next 10 years 2033. We are inspired by it,” Farooq concluded.
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