Samana Group added 12 swimming pools and handed over title deeds to owners of two-bedroom apartments
Samana Group Chairman Muhammad Farooq and Managing Director Imran Farooq at the handover ceremony in Dubai on Wednesday. — Photo provided
Samana Developers has sold a 100 million dirham ($27.2 million) residential project in Samana Hills, located in the heart of Arjan and a short walk from the iconic Dubai Miracle Garden, the largest natural flower garden in the world. world.
Samana Hills is the first project at Arjan, which has private pools in its two bedroom apartments. Initially, the group added 12 pools and returned title deeds to unit owners. It is the first residential project in Dubai which started the trend of private swimming pools in Dubai.
The resort-style freehold G+5 project, which launched in 2019, sits on a built-up area of 100,000 square feet and houses 202 units comprising studios, one- and two-bedroom apartments.
The handover ceremony was presided over and opened by Samana Group Chairman Muhammad Farooq, Managing Director Imran Farooq, officials from Samana Developers, design architects, contractors, banks, brokers, clients and members of the media. .
“The biggest motivating factor for us today is that we are delivering on our commitment. We are delighted to have delivered on our promises to our investors and the quality assets in the Dubai property market,” said Imran Farooq, CEO of Samana Developers.
The resort-style freehold G+5 project, which launched in 2019, sits on a built-up area of 100,000 square feet and houses 202 units comprising studios, one- and two-bedroom apartments. — Photo provided
Furthermore, he said Dubai’s attractiveness among the world’s top investment destinations, coupled with a host of business and visa advantages, are decisive factors for our investors.
“We are delighted that by handing over Samana Hills, we have begun preparations for the handover of our next flagship project Samana Golf Avenue in nine months,” he said.
Set new records
The developer competed the superstructure in a record eight months and that’s at the height of the pandemic shutdowns. Samana Hills ground broke in September 2019 and construction remained on schedule. Samana Developers remained resilient and committed to continuing the construction work stream. Effective project management kept construction on track, allowing Samana Developers to begin handing over the keys to its customers.
Samana Developers set another benchmark for on-time completion and transfer, delivering on the hits commitment marked as ‘On-Time; Every Time’. Being on time in a difficult situation was rare when there were project delays and developers were facing losses.
“There is yet another symbolic achievement that Samana Hills was only 4.88% complete at the time of lockdown. Most of the project was completed during the pandemic. We are proud to say that we fulfilled our commitment at a time when no one knew what was going to happen next week. We have also managed to cope with new construction regulations where the capacity of workers has been reduced from 100% to 70% and even 30%,” said Imran Farooq.
“We injected additional funding for sub-contractors as well as the introduction of night shift which solved the capacity problem of construction workers,” he added.
Samana competed with the superstructure in a record eight months and this is at the height of the pandemic shutdowns. — Photo provided
Samana Hills amenities and features include a resort-style main pool, children’s pool, indoor and outdoor gyms, children’s play area, jogging track, hot tub, shaded parking, security system energy efficient lighting, branded interiors, CCTV monitoring and 24 hour security. .
Prices for studio apartments in Samana Hills start from Dh399,000, one-bedroom and two-bedroom units come with various payment options – starting at Dh599,000 – making the projects attractive to end users and investors. A total payment period of 75 months at 1% after the initial 10% down payment makes Samana’s projects affordable for mid-level investors.
“To facilitate our buyers, we provide 50% financing to buyers. Our real estate assets guarantee competitive returns of 24% to 8% per year over three years. This makes Samana’s projects an attractive proposition for end users and investors,” said Imran Farooq.