Tuesday 18 February 2020
 
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Samana offers 24pc rental returns on 2 projects

DUBAI, 29 days ago

Samana Developers, a Dubai-based boutique real estate developer, has announced a 24 per cent guaranteed rental returns for its $27.2-million Samana Hills and the $27.2-million Samana Greens projects located in Arjan, Dubailand.

The 24 per cent yield makes Samana Developers projects attractive for end-users and investors alike. The easiest to avail 10 per cent down-payment and over 90 months instalment scheme makes it simple for the investor to pay and earn rental yields. In addition, investors are particularly interested in the eight per cent net return that is given by the developer once the unit is fully paid.

The higher than banking lenders’ return makes Samana Hills and the almost-complete Samana Greens projects a highly lucrative proposition for investors at much sought-after locations in Dubai.

The five-storey Samana Hills project has a mix of studio, one- and two-bedroom apartments that will be delivered by the fourth quarter of 2021. With studio apartments starting from Dh399,000 ($108,.600) and one-bedroom units from Dh599,000 ($163,000).

The new lucrative offering is for Samana Hills resort-style residential project and for the award-winning Samana Greens - a sustainable, energy-efficient and environment-friendly project -   which has received high levels of investor interest due to its prime location in close proximity to tourist attractions, international schools and the largest private hospital in the city of Dubai. Arjan is Dubai’s new neighbourhood with a lifestyle living and to easy access to the metropolitan.

Alan James Gammon, general manager of Samana Developers, said: “We have a buyer-focused business model, with a win-win approach. Our 24 per cent per cent guarantee of rental returns is hard to compete in Dubai’s real estate market which only a mature and sustainable developer can offer. Our sustainable business approach reflects our commitment to buyers in particular, and to the Dubai’s real estate market in general.”

In addition, the award-winning G+4 Samana Greens project comes with ample parking space, landscaping and other associated facilities with a built-up area of 508,666 sq ft. The residential project brings several retail outlets, luxurious sauna and gymnasium, comfortable shopping area, ample parking and play area for children whilst being built to the largest green standards helping to reduce the carbon footprint.

“We plan to continually develop new resort-style projects in the most sought-after locations of Dubai that will have attractive and affordable payment schemes whilst delivering quality and eco-friendly living,” Gammon concluded. – TradeArabia News Service




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