UAE-based Samana Developers has been positioned as the top-selling off-plan developer in the Arjan community in Dubai by Property Monitor, one of the UAE’s driving land information and market insight organizations, rivaling all huge, mid, and little size designers.
Because of the quality construction and flexible payment plans, Samana profits remained a hot favorite among the end-users, provided by the UAE developer in its statement.
Real-time market data from Property Monitor is regularly providing Samana Developers at the top of the Arjan market gaining 147 off-plan deals, with Oqood registrations, costing at Dh 83.62 million ($22 million) since September 2020. Samana Developers reclaimed at the top of the counting, it said.
Samana had in the previous month provided that its total gain raised to 65% since Q2 2020. That was the nine consecutive months- April to December 2020 – that the developer had provided a raise in revenue produced month-on-month rather than the roadblocks produced by the pandemic, it added.
The company has raised its headcount by 55% and has twice its transaction revenue target for 2021.
On the key achievement, CEO Imran Farooq said: “We have off and on been releasing the updates of our properties through the media, showing bullish trends in our property assets. Despite the pandemic challenges, we remained committed, resilient, and focused on keeping the project workflow uninterrupted, which eventually led projects to early completion.“
“Remaining focused and consistent in project continuity and construction works was an uphill task during the pandemic lockdown period. But we were able to manage it successfully. Samana has set a new benchmark in Dubai’s real estate market when there have been project delays and developers facing losses,” stated Farooq.
Its AED110-million Samana Hills and AED75-million Samana Greens have been totally sold out regardless of the Covid-19 difficulties, while its AED100-million Samana Golf Avenue venture’s business stays 90% finished starting today.
The main reason for its solid deals has been the group’s flexible payment options for its units.
Samana’s studio lofts beginning from AED399,000, one-room and two-room units accompany different installment alternatives – from AED599,000 – making projects appealing to both end-clients and financial backers.
Its 75 months at one percent (1%) plot after the underlying 10% up-front installment makes the undertaking reasonable to mid-level financial backers.
Zhann Jochinke, COO of Property Monitor, said: “Samana had incredible success with their projects in 2020 and this continues into 2021, at a time when other off-plan projects are seeing less activity and interest from buyers and investors. Achieving the balance between price point, demand, and quality, is never an easy task and Samana has managed to hit all aspects superbly.”
Samana Developers figured out how to quickly track the development by presenting the twofold moves of laborers, watching out for laborers’ medical issues with the PPE and SOPs unblemished, on project timetables, and far off checking through CCTV cameras introduced at the undertaking destinations and interfacing them to Samana’s back-office. These measures assisted Samana with finishing the development on schedule as well as early, he added.