Dubai-based Samana Developers plans to unveil 12 new projects totaling AED 2.5B ($680M) this year, including six residential developments and five-star hotels. When these developments are finished, the market will have 2,400 more units available.
Samana stated in outlining its plan for the year that it has six home design concepts ramped up for the first half and is also ready to enter the hospitality industry with a set of 5-star hotels.
With a four times larger staff in 2023, the Emirati developer is presently selecting the greatest real estate experts and the most ideal places. Samana was able to control the construction flow and complete the Samana Hills project despite the pandemic-related construction problems and site manpower limitations in early 2022.
Additionally, Samana Waves, Samana Miami, and Samana Santorini were introduced last year and quickly sold out. CEO Imran Farooq said: “2022 remained bullish for us as we set a new trend in the market. I believe innovation and out-of-box approach in real estate are key factors to success in modern Dubai’s real estate market. For example, Samana was the first developer in Dubai which created and set the trend of private swimming pools in residential projects – in non-hotel projects with title deeds,” according to the Zawya. “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.
Samana said that it has expedited the building process at Samana Park Views, a premium lifestyle project situated within the Arjan neighbourhood alongside its other major projects, Samana Waves and Samana Golf Avenue. Its Park Views project, which has 176 apartments with a mix of studios, one-, and two-bedroom units with private pools, is making good progress with four of its eight slabs currently finished. By the end of the next month, the superstructure will be complete, and the project’s completion is scheduled for Q2 2024.
