The UAE’s main aim is in making sure that the spread of the Covid-19 pandemic is restrained in a timely manner, this will accelerate the steady recovery of the UAE’s property and tourism sectors, this is said by the experts.
Imran Farooq, who is the CEO of Samana Developers, said: “Dubai has performed well and is capable of fighting a major pandemic. The city has launched a massive Covid-19 vaccine drive to protect the 9.89 million population. Converting the empty hotel apartments into quarantine centers was an innovative idea and helped reduce the spread of the coronavirus.”
He also added that Dubai has evolved as one of the fastest cities in the whole world in order of getting over the pandemic as the 12 percent of the total population has already taken the first dose of the covid vaccine. And “Around 80,000 people get shots in a day, and this is resulting in economic recovery and growth in tourism.”
Samana Developers recently disclosed that their total revenue increased 65 percent since Q2 2020.
This is the ninth consecutive month – April to December 2020 – that the developer has reported a growth in revenue generated month-on-month despite roadblocks raised by the pandemic. In addition, the company has increased its headcount by 55 percent and has doubled its sales revenue target for 2021. The company also has plans to launch three new residential projects in various hotspots in Dubai.
This is the ninth month – April to December 2020 – that the developer has announced the raise in revenue which is being generated month by a month despite the fact that everyone in the world was affected by the pandemic caused by Covid. Also adding, the company has incremented its headcount by 55 percent and also has twice the sales revenue target for 2021.
The company also has plans to launch three new residential projects in various hotspots in Dubai.
Samana Developers have completely sold out its Dh 185 million Greens and Hills projects in 2020. The company somehow managed to accelerate the construction by introducing big changes in the way the construction was done for its 327 units as a whole. Samana’s new construction management strategy aids to complete the construction before the time.
Previously in 2020, the superstructure of the Dh110 million Samana Hills residential project was finished before time. Situated at Arjan Dubailand, the resort-themed Samana Hills covers over 100,000sqft and houses 205 units, which includes studio, one and two-bedroom apartments. It is scheduled to be done and given by Q3 2021, along with the Expo 2020 Dubai mego economic opportunity.
The construction of the Dh75 million Samana Greens is also finished and also fully sold out. The delivery of this project is fully expected by this month as the project is in the final stage of getting the Building Completion Certificate (BCC) from the Dubai Land Department.
The Dh100 million Samana Golf Avenue project at Dubai Studio City has been fast-tracked, and it was sold out by 85 percent, and will also be ready for handover in Q1 2023.
Samana Developers provides 50% financing to its clients. Its assets guarantee competitive 24 percent returns at eight percent per year over three years. This in turn makes Samana projects attractive propositions for the end-users and investors alike. Also, they made it easy for the payment option also by providing clients the option of paying 10 percent on booking followed by 80 months at just one percent, the projects are tailored towards looking to move from rented apartments to get one for their own in Dubai.
In Samana Developers’ studio pricing of the apartment start from Dh399,000 and one-bedroom units from Dh599,000. The studio, one and two-bedroom apartments come with various payment options thereby making projects attractive to both end-users and investors.