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Dubai real estate: Property developer announces new luxury Samana Avenue project in Dubailand

The company reports increased interest from international buyers, particularly Europeans, following the Dubai Land Department’s decision to remove the AED1 million down payment requirement for golden visa eligibility

Samana Avenue Dubai
Image: Supplied

Samana Developers has unveiled its latest project, ‘Samana Avenue’, in the Dubai Land Residence Complex located at Dubailand

The project offers a UAE golden visa option for buyers. Samana Developers is providing investment advice to those seeking the 10-year residency.

The company reports increased interest from international buyers, particularly Europeans, following the Dubai Land Department‘s decision to remove the AED1 million down payment requirement for golden visa eligibility.

Samana Developers launches new project in Dubai

“The new project in the DLRC Dubailand neighbourhood 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,” Imran Farooq, CEO of Samana Developers said.

“The new project in the DLRC Dubailand neighbourhood reflects our commitment to meeting the end-user needs of a quality lifestyle at the most sought-after locations,” he said, adding Samana Developers has lined up the launch of 17 new projects this year, achieved a staggering 600 percent growth in 2023.

Samana Avenue covers 254,667.98 square feet and includes 16 floors with 165 units. The development, set for completion in December 2027, offers studios, one-bedroom, and two-bedroom apartments. Most units feature private swimming pools.

Located near Al Ain – Dubai Road, the project provides access to major Dubai roads, with Dubai International Airport and Business Bay approximately 20 minutes away by car.

The development includes amenities such as swimming pools, a fitness centre, a healthcare centre, gardens, and a children’s play area. Apartments feature balconies and smart home technology.

Prices for Samana Avenue apartments start at $178,000. The payment plan extends over 8.5 years, with five years of post-handover options. The plan includes 1 percent monthly payments pre-handover, 0.5 percent post-handover, and 8 percent guaranteed returns.

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