Samana Developers launches Samana Avenue in Dubailand

Samana Developers, a prominent name in Dubai’s real estate sector, has unveiled its latest venture, Samana Avenue, situated in the Dubailand Residence Complex within Dubailand.A standout feature of Samana Avenue is the opportunity for buyers to obtain the UAE golden visa. To facilitate this, Samana Developers is providing personalised investment guidance for those opting for the 10-year residency. The recent reduction by the Dubai Land Department, lowering the mandatory down payment to apply for the 10-year residency from AED 1 million, has caused a rise in interest. This initiative is particularly appealing to international buyers, mainly from Europe, who are eager to enjoy a premium and tranquil lifestyle in Dubai.Mr. Imran Farooq, CEO of Samana Developers said that their new project in the DLRC Dubailand area shows their dedication to offering quality living spaces in prime locations. Samana Avenue embodies affordable luxury with top-notch finishes and a focus on value-for-money.

Expansion plans for 2024

Mr. Farooq further revealed that Samana Developers plans to launch 17 new projects in the coming year, following a remarkable 600% growth in 2023, reinforcing its status as a leading developer in Dubai.

Samana Avenue boasts a built-up area of 254,667.98 sq.ft., featuring 16 floors and 165 well-designed units. Scheduled for completion in December 2027, the project offers a range of studios, one-bedroom, and two-bedroom apartments, many with private swimming pools.

Prime location and connectivity

Among potential property owners, 59% were interested in apartments, while 41% were looking at villas. One-bedroom units attracted 33.6% of investors, two-bedroom units 35.2%, and studios 13.7%. For villas, 39.8% of seekers were looking for three bedroom units, and 44.9% for four bedroom or larger options. Popular areas for ownership included Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Business Bay, and Palm Jumeirah. For villas, Dubai Hills Estate, Al Furjan, Palm Jumeirah, and Akoya by Damac were the top choices.

Modern design and sustainability

The project showcases a mix of contemporary architecture and natural beauty, using high-quality materials and meticulous landscaping. All apartments feature the latest smart home technology for added convenience and connectivity. Additionally, the development incorporates energy-efficient lighting systems and appliances, promoting sustainability.

Flexible payment plan

With prices starting at USD 178,000, Samana Avenue offers a flexible payment plan spread over eight-and-a-half years, including five years of post-handover options. The payment structure includes 1% per month pre-handover and 0.5% post-handover, with an 8% guaranteed return, making it an attractive option for both investors and homebuyers in Dubai.

Original article reference: Zawya.

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