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Eye of Riyadh
Business & Money | Thursday 16 June, 2022 5:51 pm |
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Dubai’s Samana Developers Delivers Dh100 Million ‘Samana Hills’ Project in Arjan

 Samana Developers today handed over a Dh100 million ($27.2 million) Samana Hills residential project, situated in the heart of Arjan and a walk-away to iconic Dubai Miracle Garden, the world’s largest natural flowers garden.

 

The handover ceremony was chaired and inaugurated by Chairman of Samana Group Muhammad Farooq, CEO Imran Farooq, officials from Samana Developers, design architects, contractors, banks, brokers, customers and members of the media.

 

The resort-styled G+5 free-hold property sits on a built-up area of 100,000 sqft and houses 202 units comprising studios, one and two-bedroom apartments. Samana Hills is the first project in Arjan which has private pools in its 2-bedroom apartments.

 

Imran Farooq, CEO of Samana Developers, said: “The greatest motivating factor for us today is that we are delivering our commitment. We are elated that we have fulfilled promises to our investors and the quality assets to Dubai real estate market. In addition, Dubai’s attraction as among the world’s top investment destinations coupled with a host of business and visa benefits are deciding factors for our investors. 

 

“We are excited that while handing over Samana Hills we have started the preparations for the handover of our next signature project Samana Golf Avenue in nine months from now.”

 

The developer competed the superstructure in a record eight months’ time and this is during the peak of the pandemic lockdowns. The ground for Samana Hills was broken in September 2019 and the construction remained on-time. Samana Developers remained resilient and committed to continuing the construction workflow. The efficient project management kept the construction on-track which enabled Samana Developers to start handing over keys to its customers.

 

Samana Developers has set another benchmark of the on-time completion and handover adhering to hits commitment branded as ‘On-Time; Every-Time’. Being on time in hard situation was rare when there are project delays and developers facing losses. 

 

“There is yet another symbolic achievement that Samana Hills was only 4.88% complete at the time of the lockdown. Most of the project was completed during the pandemic. We feel proud to say that we fulfilled our commitment at a time when no one knew what is going to happen next week. We also managed to deal with the new construction regulations where the labourers’ capacity was reduced from 100% to 70% and even 30%, “continued Imran Farooq.

 

He added: “We injected additional financing to sub-contractors as well as introduction of the night-shift which resolved the construction workers’ capacity issue.”

 

Samana Hills amenities and features include a main resort-styled pool, kids pool, indoor & outdoor gyms, children’s play area, jogging track, jacuzzi, shaded parking, energy-efficient lighting system, branded interiors, CCTV surveillance, and 24-hour security.
 
Samana Projects - Details and Timelines

1 - SAMANA GREENS

 

Project Value

Dh75 Million

BUA

119,580sqft

Location

Arjan

Type

Residential

Units

122

Ground-breaking

April 2018

Construction Completion

October 2020

2 - SAMANA HILLS

 

Project Value

Dh110 Million

BUA

199,000sqft

Location

Arjan

Type

Residential

Units

202

Ground-breaking

September 2019

Construction Completion 

February 2021

3 - SAMANA GOLF AVENUE-1

 

Project Value

Dh100 Million

BUA

210,000sqft

Location

Dubai Studio City

Type

Residential

Units

233

Ground-breaking

February 2021

Construction Completion 

December 2022

4 - SAMANA PARK VIEWS

 

Project Value

Dh130 Million

BUA

183,323 sq ft

Location

Arjan

Type

Residential

Units

176

Ground-breaking

April 2022

Construction Completion

April 2024

5 - SAMANA WAVES

 

Project Value

Dh165 Million

BUA

155000 sqft 

Location

JVC

Type

Residential

Units

213

Ground-breaking

August 2022

Construction Completion

April 2025

Payment Plan

Samana Hills studio apartments prices start from Dh399,000, one-bedroom and two-bedroom units come with various payment options - from Dh599,000 - making projects attractive to both end-users and investors. 75 months at one per cent (1%) after the initial 10% down-payment makes Samana projects affordable to mid-level investors.

 

“To facilitate our buyers, we provide 50% financing to buyers. Our property assets guarantee competitive 24% returns at an 8% per year over 3 years. It makes Samana projects an attractive proposition for end-users and investors alike, “concluded Imran Farooq.

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