01 February 2020

Samana Developers has appointed Atcon Construction as the contractor for its second project - the Dh100-million ($27.2 million) Samana Hills.

The project is located in Arjan, close to Dubai Miracle Garden, the world’s largest natural flower garden.

Samana Developers’ projects are funded by the company’s asset management arm, which is a key factor for investors, giving them added security from the developer, says the Dubai-based boutique real estate developer.

Sustainability is a further attraction with Samana committed to reducing the carbon footprint by incorporating the latest in services and technology to reduce the buildings’ operating costs., it adds.

The ground-breaking of the five-storey resort-style residential project took place in September 2019. It is scheduled for handover in the fourth quarter of 2021.

The project has seen strong investor interest on the back of success of the Samana Greens, the maiden project of Samana Developers.

Samana Hills, a freehold property spanning 100,000 sq ft, is located opposite Dubai Hills Estate and at the heart of Arjan, Dubailand. The project will house 205 apartments that include an assortment of studios, one- and two- bedroom apartments. With studio apartments starting from Dh399,000 and one-bedroom units from  Dh599,000, various payment options are offered.

Meanwhile, Samana Developers has announced a 50 per cent financing facility for its investors in its upcoming resort-style Samana Golf Avenue project located in Dubai Studio City and near Dubai Sports City. The project includes 233 luxury studios, and one- and two-bedroom apartments some with private pools and a world class leisure deck featuring a golf putting green.

Samana Developers, in partnership with leading banks, will be providing the most attractive terms for end users financing for both residents as well as non-residents. Financing will be available for up to 10-year tenure for as much as 50 per cent of the unit value. 

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