Construction

Samana tempts cryptocurrency buyers as it breaks ground on Dubai project

Using digital currency portal speeds up Samana Greens residential transactions

Dubai-based boutique real estate developer Samana Developers says it has broken ground on its maiden real estate project – Samana Greens.

The Samana Group-owned developer added that the $20.5 million residential project is using green building features and is being developed at Dubai’s new upmarket community Arjan which also hosts the Miracle Gardens. It will deliver 131 residential units comprising of studio to two-bedroom apartments. The construction work is scheduled to start this month and will be completed in April 2020 – six months before the remarkable Expo 2020 begins.

In a statement announcing the ground-breaking ceremony for the project, Samana Developers revealed is targeting buyers who would want to make payments through cryptocurrency with a 7% discount if they pay on its digital currency channel. According to company, this will “save time and effort.”

Located opposite the Miracle Gardens tourist attraction, Samana Greens will be accessible through two major expressways – Al Khail Road and Mohammed Bin Zayed Road. As part of the Arjan master community it is surrounded by Arabian Ranches, Sports City, Jumeirah Village Circle and Dubai Hills.

Imran Farooq, the CEO of Samana Group of Companies, said, “As a developer with a futuristic vision, Samana Greens will be based on green building concepts. It is befitting to help the customers to give the freedom to choose their preferred mode of payments – be it cash, cheque, credit card, home finance, bank transfer of cryptocurrency – which is gaining popularity every day.”

He added: “Dubai’s mature and well-regulated real estate market and its inclination to high-quality living has given us confidence to start our journey in real estate market. As a new developer, we see enormous possibilities for our projects to be well-received. Dubai developers are in a tight competition targeting Expo 2020 and our aim will be to help new supplies in this upward trend field and grow further along with sustainable Dubai market. The project being located in a prime location as Arjan, which is closer to Al Maktoum International Airport – the world’s largest green-field airport project with a capacity to handle 160 million passengers annually and Dubai South – the venue of Expo 2020 site – adds value to the Dubai’s real estate market and our consumer’s expectations.

“With Samana Greens, we want to offer the best to our clients. The project will be fully financed by us that gives us the comfort of delivering it on time and with the best quality.”

 

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