Samana Developers has launched a new AED165 million residential project in Dubai as it seeks to take advantage of the emirate’s real estate recovery.
The developer has unveiled the Samana Waves project at Jumeirah Village Circle which will embody a resort theme with water features, green areas and event space.
The project is the latest to be launched by Samana Developers which announced three new projects – also including Samana Golf Avenue-II and Samana Park Views – last year with a combined value of AED405 million.
Imran Farooq, CEO, Samana Developers, said: “Market indicators are pointing to a rising bullish trend which is expected to witness a growth of up to 7.9 percent during rest of 2022.
“And on the back of a successful vaccination programme, the opening of international borders, low interest rates, UAE government measures and investors/end-users seeking to upsize homes amid a need for more space since the Covid-19 pandemic began, Dubai real estate experienced astounding 2.1 percent price growth in the second half of 2021, reaching to a growth trend seen before the historic financial crash in 2008.”
According to Dubai Land Department, Dubai saw over 51,452 rental contracts in the Dubai market in January.
“At our new Samana Waves project, we have created a luxury and close to everything what residents need,” added Farooq.
Samana Waves, which comprises 213 apartments, will feature amenities including a kids swimming pool, leisure pool deck, health club, kids play area, water feature, jacuzzi, steam room and valet parking.
Apartment prices start from AED449,000 and Samana Waves is scheduled to be completed in the first quarter of 2025.
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