UAE’s Samana Developers unveils $44.9mn residential project ‘Samana Waves’

By Amirtha P S, Desk Reporter
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JVC
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Samana Developers, one of the fastest-growing private developers in the UAE, has launched its $44.9 million worth of luxurious residential project ‘Samana Waves’ at Jumeirah Village Circle (JVC).

The tower design of the project embodies a resort theme with plenty of water features, green areas, event space and is beside Dubai’s main highways and close proximity to the city’s retail and leisure landmarks.

Earlier this year, Samana Developers revealed three new projects, including Samana Golf Avenue-II, Samana Park Views and Samana Waves, which have a combined value of $110 million and are located in Arjan, Dubai Studio City and JVC.

Imran Farooq
Imran Farooq
CEO – Samana Developers

“Market indicators are pointing to a rising bullish trend which is expected to witness a growth of up to 7.9 percent during rest of 2022. And at the back of a successful vaccination program, the opening of international borders, low-interest rates, UAE government measures and investors, end-users seeking to upsize homes amid a need for more space since the COVID-19 pandemic began, Dubai real estate experienced astounding 2.1 percent price growth in the second half of 2021, reaching to a growth trend seen before the historic financial crash in 2008.”

A similar bullish trend was noted in a report published by Dubai Land Department, showing, Dubai in January 2022 saw over 51,452 rental contracts in the Dubai market with an even split between new and renewal contracts. The most popular apartment rental contracts were for 2-bedroom apartments with 1-bedroom trailing right behind and the most popular villa and townhouse rental contracts.

“At our new Samana Waves project, we created a luxury and close to everything that residents need, Al Maktoum International Airport, hospitals, schools, malls, commercial districts, adjacent to Dubai’s key road network, Al Khail Expressway and Mohammed Bin Zayed Highway connecting all cities of the UAE,” Mr. Farooq added.

Samana Waves spans over 155,000 square feet comprising of 213 apartments which are studios, studios with pools, 1 bedroom with pool, 1 bedroom duplex with pool, 2 bedroom with pool and 2 bedroom duplex with pool. Apartment prices start from $122,240. Samana Waves is scheduled to be completed in the first quarter of 2025.

Samana Waves featured amenities include Kids Swimming Pool, Leisure Pool Deck, Green Area, Swimming Pool, Private Swimming Pool, Health Club, Kids Play Area, Iconic Water Feature, Jacuzzi, Steam Room, Valet Parking.

Related: JLL’s real estate outlook event shares insights into Saudi Property Trends


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