Dubai: Asserting its position as one of the fastest-growing real estate developers in Dubai, Samana Developers unveiled the Dh1 billion ($272.2 million) ‘Samana Lake Views’ residential complex in Production City today. The twin towers, nestled beside the lake in the neighborhood, mark another milestone in Samana’s commitment of Dh12.5 billion ($3.4 billion) investment in Dubai's real estate this year, as per the company release.
Spanning over a 794,000 square feet plot, the 3B+G+21 and B+G+2P+17 towers comprise 1,006 apartments, including studios, one, and two-bedroom units. Scheduled for handover in October 2027, the project assures investors, homeowners, and end-users of a quality lifestyle coupled with a high return on investment.
Imran Farooq, CEO of Samana Developers, remarked, “Our new project signifies the dawn of a new era in design, focusing on waterfront developments. This responds to the demand from our investors who favor resort-style communities and affordable prices.”
Key features of the Samana Lake Views complex include private pools, smart homes, and standard amenities, with the two-bedroom units boasting maid rooms as well. Imran added, “Our properties exhibit significant potential for rental income and capital appreciation, attracting not only UAE expatriates but also investors from the US, Europe, GCC, and Asian countries.”
The Samana Lake Views project offers a convenient 8-year payment plan, a five-year post-handover plan, and the choice of 1% or 0.5% monthly installments, making homeownership more accessible for buyers. Prices at the project start from Dh639,000 ($178,000), enticing Samana investors seeking a high return on investment (RoI) with an 8% RoI.
