Samana Developers, a Dubai-based boutique real estate developer, today announced the appointment of Atcon Construction for its second project – the Dh100-million ($27.2 million) Samana Hills.
The project is located in Arjan, close to Dubai Miracle Garden, the world’s largest natural flower garden featuring over 50 million flowers and 250 million plants.
Samana Developers’ projects are funded by Samana’s asset management arm, which is a key factor for investors, giving them added security from the developer, a statement said.
Sustainability is a further attraction with Samana committed to reducing the carbon footprint by incorporating the latest in services and technology to reduce the buildings’ operating costs., it said.
The ground-breaking of the five-story resort-style residential project took place in September 2019. It is scheduled for handover in the fourth quarter of 2021.
The project has seen strong investor interest on the back of the success of the Samana Greens, the maiden project of Samana Developers, said the statement.
Samana Hills, a free-hold property spanning100,000 sq ft, is located opposite Dubai Hills Estate and at the heart of Arjan, Dubailand. The project will house 205 apartments that include an assortment of studios, one- and two-bedroom apartments.
With studio apartments starting from Dh399,000 and one-bedroom units from Dh599,000, various payment options are offered making the project attractive to both end-users and investors, it said.
“During our recent roadshow in China, we noticed that the apartment size and price comparison, along with easy payment plans drove the attention of investors in Shanghai, Beijing, and Guangzhou to Samana Developers properties that gave us a clear indication of investor sentiment and we have planned to expand our presence in Mainland China,” revealed Alan James Gammon, general manager of Samana Developers, who has held several meetings with Chinese potential investors.
“Our maiden project, the Dh75-million Samana Greens, also located in Arjan, will be handed over in the first quarter of 2020,” said Gammon.
The apartment sizes in Samana Hills are: studio – 360 to 443 sq ft; one-bedroom from 588 to 759 sq ft; and the net size of two-bedroom is 1,375 sq ft. The project features an infinity pool, sauna, steam, gymnasium, children’s play area, shaded parking and smart home technology.
TradeArabia News Service