DUBAI: Samana Developers has announced today that 100 per cent apartments of its two residential projects in Arjan Dubai – AED 110 million Samana Hills and AED 75 million Samana Greens – have been completely sold out despite the Covid-19 hardships. Developer says the pandemic pressure pushed them to make drastic changes in the way the construction work is done and projects are managed. Samana Developers managed to fast-track the construction by introducing a double shift of workers, live remote monitoring of construction works during the lockdown which helped complete the construction ahead of time.
The announcement was made by Imran Farooq, Chief Executive Officer, Samana Developers, at a brokers’ meeting recently held in Dubai.
“We committed to ourself that we will remain resilient, focused and keep the workflow uninterrupted, which eventually led projects to early completion and even preponement. It was not an easy task during the pandemic hardships during the lockdown and when the businesses were learning to adapt to New Normal. In a way, Samana Developers has set a new benchmark, which was never seen in last 10-year history of Dubai’s real estate market when there have been project delays and developers facing losses.”, said Imran Farooq, Chief Executive Officer, Samana Developers.
Freehold ‘Samana Hills’ – Delivery in Q3 2021 Coinciding with Dubai Expo 2020
The superstructure of AED110 million Samana Hills, was completed last month which was ahead of schedule. The ground was broken on the G+5 apartment project in September 2019, and construction has since been fast-tracked. The project is scheduled for delivery in Q3 2021, which will coincide with Dubai Expo 2020. The Expo has been rescheduled for October 1st, 2021 due to the current pandemic.
Located at Arjan Dubailand, the resort-themed Samana Hills spreads over 100,000 sq ft and houses 205 apartments, including studios, one and two-bedroom apartments.
Since the ground-breaking in September 2019, the project has seen a high interest from buyers due to its investor-friendly propositions. Buyers were attracted to project’s resort-theme, affordable-luxury and sustainability features. Samana Hills is located opposite the Dubai Hills Estate and a walk away from Dubai’s major tourist attraction – the Dubai Miracle Garden.
Samana Greens Project – Ready for Delivery
AED 75 million Samana Greens is at the final stages of completion milestone and is scheduled for delivery any time soon. The project remained slightly slow due to the failure of the contractor to complete it on the stipulated period mentioned in the project construction agreement. Secondly, the Covid-19 related lockdown caused the 15 per cent slower construction activity from March to May 2020. Samana Developers managed to fast-track the workflow with two shifts of workers, efficient project management and self-funding.
Located in Arjan Dubailand, Samana Greens sits on a total built-up area of 13,000m². The projects will house 122 units comprising studios, one-bedroom, two-bedroom apartments and six retail spaces. It has a distinct feature of a leisure deck that is home to facilities including a swimming pool and jacuzzi, a landscaped terrace as well as a gymnasium with sauna and steam room. Parking bays for the residents are located on the ground level, with one bay for every apartment.
Six retail spaces at Samana Greens are on the ground level.
|Project Value||AED 75 Million|
|Construction Completion||October 2020|
|Project Value||AED 110 Million|
|Construction Completion||September 2021|
Samana Developers’ studio apartments starting from AED399,000 and one-bedroom units from AED599,000, come with various payment options making projects attractive to both end-users and investors. 75 months at one per cent (1%) after the initial 10 per cent down-payment makes the project affordable to mid-level investor market.