Additionally, one of Union Properties’ subsidiaries is investigating the possibility of purchasing an outsourcing business, which might raise the asset value and profitability of the latter.
The UAE golden visa for purchasers is one of Samana Avenue’s distinguishing characteristics. Samana Developers is making things easier for buyers who choose the 10-year residency by providing them with personalized investment advice. Since the Dubai Land Department eliminated the requirement for a Dh1 million down payment to be eligible to apply for the 10-year residency, Samana has seen a shopping frenzy. The foreign buyers, who are primarily from Europe, are rushing to take advantage of it as much as possible and live a comfortable and tranquil lifestyle in Dubai.
Imran Farooq, CEO of Samana Developers, said: “The new project in the DLRC Dubailand neighbourhood reflects our commitment to meeting the end-user needs of a quality lifestyle at the most sought-after locations. We have created value-for-money, quality finishes, and luxurious lifestyles. Samana Avenue is designed to serve this purpose and is set to offer affordable luxury.”
Apart from the recent introduction, Samana Developers has planned the launch of 17 new projects this year, accomplished an astounding 600% growth in 2023, and has consistently been recognized as one of Dubai’s top developers, according to Farooq.
With 16 stories and 165 well thought-out units, Samana Avenue has a built-up area of 254,667.98 square feet. The project, which is expected to be completed in December 2027, provides a range of studios, one-bedroom, and two-bedroom apartments, all of which are equipped with contemporary amenities. Private pools are included in the majority of the apartments.
Samana Avenue’s advantageous location close to Al Ain – Dubai Road allows for easy access to all of Dubai’s main thoroughfares. Business Bay and Dubai International Airport are about a 20-minute drive away for locals. The project is close to some of the top tourist destinations in the area, such as Dubai Miracle Garden, Global Village, and IMG Worlds of Adventures.
Numerous lifestyle amenities, such as swimming pools, a cutting-edge fitness center, a healthcare facility, landscaped gardens, and a kids’ play area, are offered in addition to the residences. Every apartment has a large balcony that is ideal for taking in Dubai’s breathtaking scenery.
The Samana Avenue project features the newest smart home technology installed in every apartment, guaranteeing connectivity and convenience at the push of a button. Energy-efficient appliances and lighting systems are incorporated into the development to promote sustainability and lessen its impact on the environment.
Apartments on Samana Avenue start at $178,000. Five years of post-handover payment options are included in the eight-and-a-half (8.5) year flexible payment plan. Samana apartments are appealing to people who want to invest in real estate and buy a house in Dubai because of the 1% monthly payments that are required prior to handover, the 0.5% (half) payments that are made after handover, and the 8% guaranteed returns.
