Samana, a private developer based in Dubai, launched the Dh1 billion Samana Lake Views Project on Thursday. This year, the group plans to invest Dh12.5 billion in UAE real estate.
Located in Dubai Production City, the twin towers offer 1,006 apartments with studios, one, and two bedrooms spread over a 794,000 square foot plot. The project is expected to be finished in October 2027.
“Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users,” said Imran Farooq, CEO of Samana Developers.
Smart home technology and private pools in each apartment are two of the project’s standout features. Along with the standard amenities, there are also kids’ pools, leisure pool decks, barbecue areas, lazy rivers, basketball courts, table tennis areas, cabana areas, shower areas, aquatic indoor and outdoor gyms, seating areas, relaxation zones, bonfires, kids’ splash pads, an outdoor movie theater, a trampoline park, and a virtual reality (VR) golfing facility.
“Our properties have seen the higher potential for rental income and capital appreciation. That not only appeals to UAE expatriates but investors from the US, Europe, GCC, and Asian countries as well,” Imran said.
The Samana Lake Views complex in Dubai Production City makes homeownership more accessible for buyers with its convenient eight-year payment plan, five-year post-handover plan, and the option of one percent or 0.5 percent monthly installments. The project’s starting prices are Dh639,000. Samana investors who are looking for high yields are drawn to the 8% return on investment (ROI).