February 2021

‘Samana Developers’ Begins Handover of Dh75 Million Greens Project

‘Samana Developers’ Begins Handover of Dh75 Million Greens Project

Marwan Bin Ghalita, CEO, RERA, Lauds Samana

DUBAI, United Arab Emirates, February 17, 2021: Samana Developers has begun handover of first keys to tenants at Dh75 million Samana Greens residential project at Arjan, near iconic Dubai Miracle Garden, the world’s largest natural flowers garden in Arjan, Dubailand District. Samana was awarded the Building Completion Certificate (BCC) last month by Dubai Development Authority.

The handover ceremony was chaired and inaugurated by His Excellency Marwan Bin Ghalita, Chief Executive Officer of Dubai’s Real Estate Regulatory Authority (RERA), along with high officials from RERA and Samana Developers. The G+4 Samana Greens sits on a built-up area of 119,580sqft and houses 122 units comprising studios, one- and two-bedroom apartments, along with six retail spaces at the ground level.

Rera’s site inspection team, which inspected the project on July 2020, gave high appreciations to the project progress which was achieved despite the hardships caused by COVID-19.

Imran Farooq, Chief Executive Officer of Samana Developers, said: “It is a milestone achievement for the entire team of Samana Developers, its contractors and consultants. Keeping the momentum and consistent in construction was an uphill task during the pandemic lockdown period. In a way, we have set a new benchmark.”

Samana Developers managed to fast-track the construction by introducing double shift of workers, keeping an eye on workers’ health condition with the PPE and SOPs intact, on project timelines and remote monitoring through CCTV cameras installed at the project site and connecting them to Samana’s back-office. These measures helped Samana to complete the construction not only on-time.

Samana earlier announced that at the back of record highest sales revenues in 2020 and positive outlook for 2021, it has increased the headcount by 55% for 2021 to double up the sales revenue.

Company plans to launch three new residential projects in Dubai in 2021.

Samana Projects’ Details & Timelines

Project Value Dh75 Million
BUA 119,580sqft
Location Arjan
Type Residential
Units 122
Ground-breaking April 2018
Construction Completion October 2020
Project Value Dh110 Million
BUA 199,000sqft
Location Arjan
Type Residential
Units 199
Ground-breaking September 2019
Construction Completion December 2021
Project Value Dh100 Million
BUA 210,000sqft
Location Dubai Studio City
Type Residential
Units 233
Ground-breaking February 2021
Construction Completion December 2022

Payment Plan

Samana Developers’ studio apartments starting 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 and end-users.

Samana Developers provides 50% financing to its buyers. Its assets guarantee competitive 24% returns at 8% per year over 3 years. It makes Samana projects attractive propositions for end-users and investors alike.

About Samana Developers:

Samana Developers, part of Samana Group of companies, has successfully completed numerous industrial and residential projects in the Middle East. Samana Developers has built its reputation through high performing standards and a wide range of services. Samana Developers focuses on developing state-of-the-art commercial and residential projects with distinctive features that make life a better place to live in.

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