01 October 2020
Dubai-based Samana Developers has announced that the superstructure of its apartment complex, Samana Hills, has been completed ahead of time.
Announcing the achievement, Samana says the construction milestone comes at a time when the Covid-19 pandemic-related lockdown has adversely affected Dubai’s real market. Despite the pandemic hardships, Samana Developers has set a new benchmark of early project completion and handover, it states.
The five-storey residential project being built at an investment of Dh100 million ($27.2 million) is set for handover in the third quarter of 2021.
Ground was broken on Samana Hills in September 2019, and construction has since been fast-tracked.
Located at Arjan in Dubailand, the resort-themed Samana Hills will be spread over 100,000 sq ft and house 205 apartments, including studios, one- and two-bedroom apartments.
“We felt it was our obligation to construct the project before we ask buyers to put their money into the property. As Dubai’s real estate market matures further, with tighter regulations and transparency, property buyers are looking for the timely delivery of the project as well as the quality finishing,” remarks its CEO Imran Farooq. “It is unprecedented in Dubai’s real estate when there are project delays and developers facing losses.”
According to him, Samana Developers has remained resilient and committed to continue the construction works.
“The efficient project management in fact accelerated the construction speed and we are now able to complete the project ahead of schedule and eventually prepone the handover,” he adds.