A Dh1 Billion Project Unveiled in Dubai’s Production City by Samana

A Dh1 Billion Project Unveiled in Dubai's Production City by Samana

Samana, a Dubai-based private developer, announced the launch of the Dh1 billion Samana Lake Views Project on Thursday. The group plans to invest Dh12.5 billion in UAE real estate this year.

Situated in Dubai Production City, the project includes twin towers with 1,006 apartments, featuring studios, one-bedroom, and two-bedroom units across a 794,000 square foot area. The completion date for the project is set for October 2027.

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“Samana’s latest project signifies an expansion into innovative design, focusing on waterfront developments. Our decision to build near waterfronts is driven by the demand from our investors who seek resort-style communities with affordable pricing options,” said Imran Farooq, CEO of Samana Developers.

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The development boasts smart home technology and private pools in every apartment. It also offers various amenities such as kids’ pools, leisure pool decks, barbecue areas, lazy rivers, basketball courts, table tennis zones, cabanas, aquatic indoor and outdoor gyms, relaxation zones, bonfires, kids’ splash pads, an outdoor movie theater, a trampoline park, and a virtual reality (VR) golfing facility.

“Our properties have shown promising rental income and potential for capital appreciation, attracting interest from UAE expatriates as well as investors from the US, Europe, GCC, and Asian countries,” Imran added.

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The Samana Lake Views complex in Dubai Production City makes homeownership accessible through an eight-year payment plan, a five-year post-handover plan, and monthly installments of either 1% or 0.5%. The project’s starting prices are Dh639,000. Investors seeking high yields are attracted to the 8% return on investment (ROI).

Here are some tags separated by commas:

Dubai Real Estate, Samana Developers, Dh1 Billion Project, Samana Lake Views, Dubai Production City, Twin Towers, Smart Home Technology, Private Pools, Luxury Amenities, UAE Property Investment, Waterfront Developments, Homeownership Plans, Return on Investment, UAE Expatriates, International Investors, Resort-Style Living, Urban Development.

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