Dubai real estate developer Samana Developers has unveiled Samana Lake Views, a AED 1B ($272.2M) venture in Dubai Production City.
Situated by the lake in the area, the residential complex is part of Samana’s planned AED 12.5B ($3.4B) investment into UAE real estate this year.
Spanning over a 73,700sq m plot, the twin towers feature 1,006 apartments, including studios, one, and two-bedroom residences.
Dubai Production City real estate
The project is scheduled for completion by October 2027, offering investors, homeowners, and end-users a high-quality lifestyle and promising high returns on investment.
Imran Farooq, CEO of Samana Developers, stated: “Samana’s latest project marks the commencement of an expansion into a new realm of designs, planned to be constructed near waterfront developments.”
“The project embodies luxury, comfort, and a vibrant lifestyle. Our decision to develop projects near waterfronts stems from the demand from investors who favour resort-style communities, coupled with prices that are affordable for buyers and end-users.”
Key features of the Samana Lake Views complex include private pools in all apartments and smart home technology.
Additionally, two-bedroom units come with maid rooms. The amenities include:
- Children’s pools
- Leisure pool decks
- Barbecue areas
- Lazy rivers
- Basketball courts
- Table tennis areas
- Cabana areas
- Shower areas
- Aquatic indoor and outdoor gyms
- Seating areas
- Relaxation zones
- Bonfires
- Children’s splash pads
- Virtual Reality golfing facility
- Outdoor cinema
- Trampoline park
Imran Farooq added: “Our properties have shown significant potential for rental income and capital appreciation. This appeals not only to UAE expatriates but also to investors from the US, Europe, GCC, and Asian countries.”
The Samana Lake Views complex in Dubai Production City offers a convenient eight-year payment plan, a five-year post-handover plan, and the option of 1% or 0.5% monthly instalments.
This makes homeownership more attainable for buyers. Prices at the project start from AED 639,000 ($178,000).