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Samana completes superstructure of Dubai residential tower

DUBAI, February 6, 2019

Samana Developers, a Dubai-based boutique real estate developer, said it has completed the superstructure of its Dh75-million ($20.4 million) residential Samana Greens project and is on track for the project delivery on time in February next year.

Samana Greens – a freehold project – consists of 131 residential units comprising studio, one and two-bedroom apartments.

Located close to the Miracle Gardens in Arjan area, it is easily accessible through two major expressways – Al Khail Road and Mohammed Bin Zayed Road – and gives residents easy access to the major attractions to the city of Dubai.

Arjan is a new and growing neighbourhood located opposite Dubailand - a mega entertainment complex.
 
The four-storey project had broken ground last February and in just a year’s time the project is fast nearing completion to be delivered on time, said the Dubai developer.
 
On-schedule completion of superstructure has given a strong credibility to the developer in Dubai’s real estate market, it added.

The project is being developed as per the green building codes with Leed (Leadership in Energy and Environmental Design) certification utilising best practices – grey water treatment to convert it into irrigation water, use of solar energy/panels to lower electricity consumption, use of green appliances and sufficient spaces for greenery and moving.

The green and sustainable development will complement Dubai’s vision for sustainable projects.

“As Dubai’s real estate market matures further with tighter regulations and transparency, property buyers are looking at real assets and the quality finishing as well as the timely delivery of the project – that reflects the Samana Developers’ integrity – we felt our obligation to construct the project before we ask buyers to put their money into the property. Therefore we are continuing with the project’s construction works so that the buyers could see the property and decide on purchasing as we believe – ‘Seeing is believing’," remarked Imran Farooq.
 
“As our maiden project, we are very much focused on the timely delivery with promised quality so that the buyers could call it their home and be proud of the amenities,” stated Farooq.
 
“Besides, we are offering 9.25 per cent guaranteed rental returns to our buyers who want to put the property on rent,” he said.

“This effectively means that the buyers could get back the investment in just 10 years – without relying on bank finance, and after getting the key with just Dh199,500 payment only," he added.

The G+4 project comes with ample parking space for each apartment, landscaping and other associated facilities with a built-up area of 140,000 sq-ft.

The residential tower brings several retail outlets, luxurious sauna and gymnasium, comfortable shopping area, covered parking, secure play area for kids and plenty of green spaces for its residents.-TradeArabia News Service




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