Samana Developers launches $54mn Wave-2 residential tower project in Dubai

By Arya M Nair, Official Reporter
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Samana Developers launch Wave 2 project
Representational image

Samana Developers has launched a $54 million Waves-2 project, which is adjacent to $45 million Wave-1, launched in March 2022, with retail spaces on the ground floor, located in Jumeirah Villages Circle (JVC), Dubai.

The G+3P+23 Waves-2 residential tower, spanning over 263,636 sqft, is designed by a team of expert architects who incorporated the modern trend of luxury living within budgets. Plenty of water features, private pools, water cascades, a leisure deck, a health club, valet parking and retail spaces make it a mid-luxury property right in the center of the bustling city.

The Waves twin towers complex in the JVC neighborhood is in close proximity to Dubai highways – Al Khail Expressway, Sheikh Mohammed bin Zayed highway – and tourist spots – Dubai Miracle Garden and Ski Dubai at the Mall of the Emirates. Jumeirah Village Circle is 26 minutes away from Al Maktoum International Airport and District 2020, a new 4.38-square-kilometre residential and business hub. The handover of the project is scheduled for Q1 2026.

Imran Farooq_Samana Developers Wave-2 project
Imran Farooq
CEO – Samana Developers

“Dubai real estate market is currently witnessing a historic rise. The bullish trend, kick-starting in 2023 at the back of regional and international events, is expected to continue during the rest of 2023. Emirate’s residential market saw 8,515 transactions, an enormous 43.9 percent increase from the previous year according to CBRE Dubai real estate report.”

Beyond the property market, Dubai’s economic boom is evident in everyday life. Every month, a new high-end real estate project appears in the sandy emirate, a bustling, hyper-modern metropolis in the Middle East.

Samana Developers’ reputation and its offer of 50 percent financing to its buyers have established strong investor confidence in Samana Developers and its projects located in JVC, Arjan and Dubai Studio City. Samana Developers properties guarantee a competitive 24 percent return at 8 percent per year over 3 years. That makes Samana projects an attractive proposition.

“So, we keep an eye on new market developments, new trends, new policies and come up with out of the box approach and how we can create something new which makes us apart from the clutter as well as attracts the international buyers and increases investment returns”, concluded Mr. Farooq.

Samana Waves’ apartment prices start from $1,22,260. It comprises 170 apartments which are studios, studios with pools, 1 bedroom with pool, 1 bedroom duplexes with pool, 2 bedrooms with pool and 2 bedroom duplexes with pool.

With a five-year payment option of paying 15 percent on booking followed by 60 months at just 1 percent. The flexible payment plan makes it a viable option for those who are looking to move from a rented apartment to owning a home in Dubai.

Related: DLF’s latest luxury high-rise clocks $1bn worth pre-launch sales in 3 days