Friday, 09 June 2023 02:10 GMT

Dubai’s Samana Developers Sells 80% of Dh130 Million ‘Park Views’ Project in Four Days

(MENAFN- Samana Group) Following the launch of the Dh130 Samana Park Views project last week, Samana Developers today announced that 80 per cent of units have been sold out in just four days. Buyers and brokers noted developers’ commitment to building luxury lifestyle residences at affordable prices which attracted them and their investors alike.

The wellness-featured design of the G-6 Park Views residential project spans over 183,323 sq ft and includes 176 studio, one, two-bedroom apartments with private pools. The project, located in Arjan, is adjacent to a community park and in close proximity to the Dubai Butterfly and Miracle Gardens, two major tourist attractions in Dubai.

Imran Farooq, Chief Executive Officer of Samana Developers, said: “We were bullish before rolling out this project as we have been receiving a high volume of interest from the investors. I believe the incorporation of resort-themed and sustainability aspects in project design will see greater interest in years to come in the wake of environmental and affordability concerns during the pandemic, which is almost over but will continue its ripple effects. Therefore, these trends will remain in demand.”

The award-winning Samana Developers created the ESG-inspired luxury lifestyle design of Samana Park Views project which include: leisure decks, common swimming pools for adults and kids separately, private pools with apartments, plenty of water features in the project, yoga zone, open cinema, bar, green areas, indoor and outdoor gyms, health club with steam and sauna facilities and 24-hour security.

“Three, five and 10 years golden visas for property investors and the UAE citizenship are some of the initiatives under UAE’s economic reforms programme that are creating a sense of belonging among expatriates and is a major attraction for real estate investor,”, added Imran Farooq.

Park Views project has a flexible payment plan with a 10 per cent down payment, 1 per cent over 70 months, 10 per cent the 6th month, 5 per cent in the 12th month, and 5 per cent in the 18th month. Prices start from AED 459,000. The unit sizes start from 361 sqft for studio, 937 for one-bedroom, 1,301 for two-bedroom apartments.

Samana Park Views is scheduled for delivery in Q2 2024.

“Expo 2020 is a definitely high potential opportunity which is attracting even great interest from the investors and end-users alike. I am expecting a 20 to 30 per cent increase in real transactions in the coming days when visitors’ build-up will continue with the tourist season in Dubai starting from November to March. In addition, UAE’s excellent handling of Covid-19 crises and country-wide roll-out of vaccination drive paid off.”, concluded Imran Farooq.

The launch of Samana Developers’ other two new off-plan projects in line will take place this year and early 2022. New projects are Dh165 million Samana Waves in Jumeirah Village Circle (JVC), and Dh110 million Samana Golf Avenue-II at Dubai Studio City. The two launches are scheduled to be announced during and to the run-up of Expo 2020.

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