Property

Samana Developers launches residential project in Dubai Production City

The residential project will offer 1,006 units split between studio, one- and two-bedroom offerings

Samana Developers has launched a new project in Dubai Production City. Samana Lake Views is to be developed at a cost of US $272.2mn and will take shape near the lake in the freezone. The project is said to be part of Samana’s commitment of $3.4bn investment into UAE real estate this year.

The 3B+G+21 and B+G+2P+17 twin towers will span over a 794,000sqft plot and aims to offer 1,006 apartments which include studios, one and two bedrooms. The project is slated for completion in October 2027, and promises investors, homeowners and end-users a quality lifestyle and a high return on investment.

“Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. The project is a blend of luxury, comfort, and a vibrant lifestyle. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users,” said Imran Farooq, CEO of Samana Developers.

Key features of the residential complex will include private pools in all of the apartments and smart home technology. The two bedroom units come with maid rooms too, while amenities include kids’ pools, leisure pool decks, barbeque areas, lazy rivers, basketball courts, table tennis areas, cabana areas, shower areas, aquatic indoor and outdoor gyms, seating areas, relaxation zones, bonfires, kids’ splash pads, Virtual Reality (VR) golfing facility, outdoor cinema, trampoline park, as well as regular amenities.

“Our properties have seen higher potential for rental income and capital appreciation. That not only appeals to UAE expatriates but investors from the US, Europe, GCC and Asian countries as well,” stated Farooq.

As Samana Developers continues to push the boundaries in the real estate sector, the Samana Lake Views complex stands as a testament to the company’s unwavering commitment to affordable luxury, resort-style living and a healthy lifestyle, the statement noted.

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