Samana Developers today announced 65 per cent construction completion of Samana Hills, a G+5 apartment complex, which is ahead of schedule. The project met 100% completion of its superstructure 70 days ago, despite the pandemic hardships. Samana Developers has set a new benchmark of early project completion and handover preponement in spite of challenges, which is unprecedented in Dubai’s real estate market when there are project delays and developers facing challenges.
“Samana Developers remains upbeat on Dubai’s real estate market due to the fact that the UAE remains at the forefront in the region to spearhead the historic reforms which lead to opening up of the economy, ease of doing business and making Dubai an investor-friendly real estate place. New economic reforms, such as the 100% ownership of the business in mainland Dubai, will lead Dubai to achieve a V-shaped market recovery. Investors have started looking at Dubai again saying Dubai is one of the global top improvers with a host of developments with enhanced regulations to support the real estate sector”, said Imran Farooq, Chief Executive Officer of Samana Developers.
He added: “We are focused on steady and speedy construction works with stakeholder’s commitment, resilience, intelligent construction management, and self-funding. That’s how Samana Developers stays ahead of the game.”
RERA Inspection Reports Substantial Construction Progress
The Real Estate Regulatory Agency (RERA)’s Independent Statement of Construction Progress Report recorded that construction works of Samana Hills project are substantially completed with excavation, shoring, foundation, block, plaster and structural works progressing at advance stages.
Located near the Dubai Miracle Garden in Arjan Dubailand District, the world’s largest natural flower garden featuring over 50 million flowers and 250 million plants, which makes it a major tourist attraction in the world, Samana Hills project spans over a 100,000 sq ft and will house 205 apartments, including studios, one and two-bedroom apartments.
The resort-themed residential project will house studio apartments starting from Dh399,000 ($108,600) and one bedroom units from Dh599,000 ($163,000) and two-bedroom apartments from Dh849,000, various payment options make the project attractive to both end-users and investors alike. The apartment sizes in Samana Hills range from 360 to over 1,375 sq ft. The project features an infinity pool, sauna, steam, gymnasium, children’s play area, shaded parking and smart-home technology. Samana Hills has been designed to the highest standards of quality yet is an affordable property asset.