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Samana sells 80pc of Dubai luxury residential project units

October 17, 2021
real estate

UAE-based Samana Developers has announced that 80 per cent of the units at its AED130 million ($35.3 million) Park Views project, located within the Arjan community in Dubai, have been sold out within four days of its launch.

The wellness-featured design of the G-6 Park Views residential project spans over 183,323 sq ft and includes 176 studio, one, two-bedroom apartments with private pools. The project is scheduled for delivery in Q2 2024.

The project is adjacent to a community park and in close proximity to the Dubai Butterfly and Miracle Gardens, two major tourist attractions in the emirate.

Backed by a ESG-inspired luxury lifestyle design, Samana Park Views project includes leisure decks, common swimming pools for adults and kids separately, private pools with apartments, plenty of water features in the project, yoga zone, open cinema, bar, green areas, indoor and outdoor gyms, health club with steam and sauna facilities and 24-hour security.

CEO Imran Farooq said: 'We were bullish before rolling out this project as we have been receiving a high volume of interest from the investors. I believe the incorporation of resort-themed and sustainability aspects in project design will see greater interest in years to come in the wake of environmental and affordability concerns during the pandemic, which is almost over but will continue its ripple effects. Therefore, these trends will remain in demand.'

Buyers and brokers cited the developers’ commitment to building luxury lifestyle residences at affordable prices as one of the key reasons that attracted them and their investors alike into the project.

Park Views project has a flexible payment plan with a 10 per cent down payment, 1 per cent over 70 months, 10 per cent the 6th month, 5 per cent in the 12th month, and 5 per cent in the 18th month. Prices start from AED459,000.

According to him, the unit sizes start from 361 sq ft for studios, 937 for one-bedroom, 1,301 for two-bedroom apartments.

'Expo 2020 is a definitely high potential opportunity which is attracting even great interest from the investors and end-users alike. I am expecting a 20 to 30 per cent increase in real transactions in the coming days when visitors’ build-up will continue with the tourist season in Dubai starting from November to March,' stated Farooq.

The launch of Samana's other two new off-plan projects in line - AED165 million Samana Waves in Jumeirah Village Circle and AED110 million Samana Golf Avenue-II at Dubai Studio City - will take place this year and early 2022, he added.

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