Samana Developers reported that it retained its revenue growth and top ranking in 2021, with total revenues over 50 percent increasing from January to December.
Developer says they achieved this growth by utilizing the ‘On Time; Every Time’ concept in terms of their construction workflow and completing their projects ahead of schedule.
Samana Developers consistently ranks among the top 20 developers in Dubai and number one in Arjan, with 296 off-plan sales and Oqood registrations worth Dh195.32 million since September 2021, according to Dubai Land Department data. In 2021, Samana Developers remains among the top 20 high-performing developers in Dubai.
Imran Farooq, CEO of Samana Developers, said: “We are very excited of our higher rank and growth. Consistent growth is achieved because of our business philosophy which is centered around ‘On Time; Every Time’ and at the rent-to-own need of end-users. One example is that we did not stop construction works at our projects even during the lockdowns, rather, we doubled it with the second shift of workers. In addition, our supplies to our projects remained uninterrupted.”
“This mindset and work approach has been lauded by our stakeholders. It paid us back in terms of top seller ranking. With every project launch, Samana Developers emerges stronger and sells faster. In addition, our broker network is expanding in the UAE and around the globe. We are witnessing 100 percent increased investor interest in our new launches if we compare the interest in our previous projects, which created far more demand for our inventory than the supply,” Farooq concluded.
Samana Developers’ high performance was supported by other factors associated with the market recovery. UAE’s efficient handling of Covid-19, its systematic rollout of vaccine, 10-year golden visas, 5-year multiple entry visas, and the launch of UAE citizenship by invitation have been big motivations for investors believing that the UAE will accept foreigners as residents long-term and eventually become citizens.
The Samana Developers announced it was increasing its headcount by 50% and doubling its revenue target for 2022.
Samana Developers began handing over the Dh75 million Greens project in Arjan in February 2021. Although the market was slow at the start of 2021 due to Covid-19, the Dh110 million Samana Hills, Dh75 million Samana Greens, and Dh100 million Samana Golf Avenue-I were completely sold out.
In September 2021, Samana Developers launched three new projects – Dh130 million Samana Park Views, Dh165 million Samana Waves, and Dh110 million Samana Golf Avenue II – in Arjan, Jumeirah Village Circle, and Dubai Studio City respectively.
Samana Developers has three ongoing projects and three new projects worth Dh690 million. All six projects are located in investment hotspots in Dubai.
The developer will also be coming up with two new launches in March and May 2022. It is expected that Samana’s new project will sell out in less than two weeks due to the bullish investor sentiment.
Samana Developers offers its buyers 50 percent financing. Over a three-year span, its property assets guarantee competitive returns of 24 percent at eight percent per year. Samana projects are therefore attractive propositions for end-users and investors alike. Payment options of 10% on booking, followed by 80 months at just 1% make it an excellent option for those looking to move from rented accommodations to owning houses in Dubai. Studio apartments from Samana Developers start at Dh399,000, while one-bedroom units begin at Dh599,000.