Dubai-based Samana Developers announced a significant investment in the city’s real estate market. The company plans to inject AED 12.5B into multiple new residential projects in Dubai throughout the current year.
As part of this investment strategy, Samana Developers will undertake 18 construction projects, aiming to expand its portfolio within the thriving waterfront development sector.
This initiative positions Samana Developers to climb the ranks among Dubai’s top five developers, after previously occupying a spot in the top 10 in 2023, according to Arabian Business.
Imran Farooq, CEO of Samana Developers, remarked, “Dubai’s property market offers exceptional opportunities, and we are strategically positioned to leverage them. By introducing high-yield waterfront properties, we aim to offer investors a lucrative asset class that encapsulates Dubai’s sun, sand, and sea lifestyle.”
Dubai’s real estate sector witnessed approximately 1.6 million real estate transactions last year, reflecting a surge in activity as the city continues its upward trajectory, attracting diverse investors.
Imran concluded, “As we expand our presence locally, our objective is to provide both local and international investors with high-yield property assets. Samana’s strategy aligns with Dubai’s optimistic outlook on the real estate industry. We have a well-planned growth strategy, innovative concepts, and offer affordable, high-quality assets that appeal to investors from around the globe.”
