Thursday 23 May 2024

Samana launches $272m Lake Views in Dubai Production City

DUBAI, 27 days ago

Samana Developers, a leading real estate developer in the UAE, has launched the Samana Lake Views Project worth AED1 billion ($272.2 million) in Dubai Production City. 
The residential complex, situated beside the lake in the neighbourhood, is a part of Samana’s commitment of Dh12.5 billion ($3.4 billion) investment into UAE real estate this year, the developer said.
The 3B+G+21 and B+G+2P+17 twin towers span over a 794,000 sq ft plot and offer well-crafted 1,006 apartments which include studios, one and two bedrooms. The project is slated for October 2027, promising investors, homeowners and end-users a quality lifestyle and a high return on investment.
Imran Farooq, CEO of Samana Developers, said: “Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. The project is a blend of luxury, comfort, and a vibrant lifestyle. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users.”
Key features of the Samana Lake Views complex include the private pools in all of the apartments and smart home technology. The two bedrooms come with maid rooms too. The amenities include kids’ pools, leisure pool decks, barbeque areas, lazy rivers, basketball courts, table tennis areas, cabana areas, shower areas, aquatic indoor and outdoor gyms, seating areas, relaxation zones, bonfires, kids’ splash pads, Virtual Reality (VR) golfing facility, outdoor cinema, trampoline park, as well as the regular amenities.
“Our properties have seen the higher potential for rental income and capital appreciation. That not only appeal to UAE expatriates but to investors from the US, Europe, GCC and Asian countries as well,” Farooq said.
Samana Lake Views complex offers a convenient an eight-year payment plan, a five-year post-handover plan, and an option of 1% or 0.5% monthly installments. Prices start from Dh639,000 ($178,000). –TradeArabia News Service 


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