Gulf Construction Online - Samana residential project on fast track

Real Estate

Samana Greens ... 131 units of studio to two-bedroom residential apartments.

Samana residential project on fast track

01 August 2018

Samana Developers, a Dubai-based real estate developer, says its Dh75-million ($20.4 million) Samana Greens residential project is on the fast track with the contractor having completed 10 per cent of the construction works in 100 days.

The freehold project consists of 131 residential units comprising studio to two-bedroom apartments. Located close to the Miracle Gardens in Arjan, Samana Greens is easily accessible via two major expressways – Al Khail Road and Mohammed Bin Zayed Road – and gives its residents easy access to the major attractions to the city.

Arjan is a new and growing neighbourhood located opposite Dubailand, a mega entertainment complex.

Samana Greens is being developed as per the green building standards for LEED (Leadership in Energy and Environmental Design) certification utilising best practices in grey water treatment to convert it into irrigation water, use of solar panels, and sufficient spaces for greenery and walking.

The four-storey project, which has a built-up area of 140,000 sq ft, comes with ample parking space, landscaping and other associated facilities. The residential tower features several retail outlets, sauna and gymnasium facilities, a shopping area, covered parking, secure play area for kids and green spaces for its residents.

“As Dubai’s real estate market matures further with tighter regulations and transparency, property buyers are looking at real assets and quality finishing as well as the timely delivery of the project. We felt it is our obligation to construct the project before we ask buyers to put their money into it,” says Imran Farooq, group CEO. “Therefore we are continuing with the construction works so that the buyers could see the property and decide on purchasing.”

“As our maiden project, we are focused on the timely delivery with promised quality.

“Besides, we are offering 9.25 per cent guaranteed returns to our buyers who want to put the property on rent. This effectively means the buyer could get back the investment in just 10 years after getting the key with just a Dh199,500 payment,” Farooq adds.

As an additional incentive, the developer has set up a facility where buyers can pay through cryptocurrency as well as traditional payments methods through banks.