Samana Developers, one of the fastest growing real estate companies in Dubai, has launched its Dh215 million ($58.53 million) California residential project in Al Furjan neighbourhood, which is headed by master developer Nakheel Properties.

 

The G+P+10+roof California is the sixth project launched by Samana Developers in H1 2023. The developer has a target to launch 12 projects by the end of 2023. The new project is inspired by the vibrant lifestyle of the state of California, a lifestyle which reflects in the design, features and amenities of the project. It quickly attracted buyers and the project has been sold out by 90% in a few days.

 

CEO Imran Farooq said: “Samana’s new concepts and the designs inspired by the resorts and islands are picked up well by property buyers, especially from Europe and the UK who account for 50% of the investors of Samana Developers. 

 

“In addition, other key contributors that are helping boost Dubai real estate transactions are the 10-year UAE residency, fast recovery from the Covid-19 pandemic, the success of Expo 2020 and the UAE winning the hosting rights for the COP28, the United Nations Climate Change Conference.”

 

Samana California Project

The California project spans over 2,54,000 sq ft, offering 178 apartments.  The units include 60 studio apartments with private pools, 76 one-bedroom apartments with private pools, 32 two-bedroom apartments, and 10 two-bedroom duplex apartments.  

 

The amenities and features at Samana California reflect the lifestyle of the US state of California. These include a large leisure pool deck, a main swimming pool, a fully-equipped gym, a kids’ pool, a splash pad for kids, a sauna and steam room, a jacuzzi, a waterfall, a jogging track, a roof-top tennis court, a paddle court, an outdoor cinema, and a barbeque area.

 

Al Furjan is a vibrant and popular residential area in Dubai and is located between Sheikh Zayed Road (E11) and Sheikh Mohammed Bin Zayed Road (E311). The community boasts a shared network of pathways and residential amenities. Residents benefit from linked cycle routes running through Discovery Gardens, Garden View Villas (part of Jebel Ali) and Al Furjan, resulting in a 40 km cycle track for the communities. Al Furjan neighbourhood is home to Al Furjan Metro Station, one of the seven metro stations on Route 2020.

 

The project is scheduled for handover in December 2025.

 

Payment Plan - 8 Years

Samana California apartment prices start from Dh749,000 ($203,920). It offers an eight-year payment plan and the flexibility of installments makes it affordable for first-time buyers, Samana said.

Samana Developers allows and facilitates its buyers to convert the apartments into holiday homes (serviced apartments) and sub-lease to tourists and visitors. In addition, Samana Developers guarantees competitive 24% returns.

 

The demand for properties in Dubai is currently highly bullish and this has positioned the metropolitan city as the world's top market, hitting Dh11.3 billion ($3.1 billion) in the first half of the year, edging past Hong Kong and New York.   – TradeArabia News Service