Dubai-based Samana Developers is set to launch 12 new projects - including six residential projects as well as 5-star hotels - worth AED2.5 billion ($680 million) this year. On completion, these projects will add 2,400 new units into the market.

 

Outlining its blueprint for this year, Samana said it has six residential design concepts phased up for the first half and also the company is all set to take the plunge into the hospitality sector with a set of 5-star hotels.

 

The Emirati developer is currently picking up the most suitable locations and best real estate talent with four times larger team in 2023.

 

Despite the pandemic-related construction challenges and site workforce restrictions in early 2022, Samana was able to manage the construction flow and delivered the Samana Hills project. 

 

Also last year it launched Samana Waves, Samana Miami and Samana Santorini projects that got fully sold out. 

 

CEO Imran Farooq said: "2022 remained bullish for us as we set a new trend in the market. I believe innovation and out-of-box approach in real estate are key factors to success in modern Dubai’s real estate market. For example, Samana was the first developer in Dubai which created and set the trend of private swimming pools in residential projects – in non-hotel projects with title deeds."

 

"We are proud of it. Today, this trend has been replicated by at least two dozen developers. We will be coming up with new design ideas in our 12 new projects in 2023," he added.

 

Samana pointed out that it had fast-tracked the construction work at its luxury lifestyle project - Samana Park Views located within Arjan community alongside its key developments - Samana Waves and Samana Golf Avenue.

 

Work is progressing well on its Park Views project - featuring 176 apartments with a mix of studios, one- and two-bedroom units with private pools - with four out of its eight slabs already completed. 

 

The superstructure will be ready by the end of next month. and the project will be delivered in Q2 2024, it added.-TradeArabia News Service