Samana will also award 18 construction contracts over the course of the year.
Samana Developers will be investing $3.4 billion (AED12.5 billion) in new residential projects this year in Dubai, with an expanded portfolio of waterfront property.
In addition, the developer announced on Monday it will award 18 construction contracts over the course of the year, with a goal to enter the list of top five fastest-growing developers in the emirate.
“Dubai’s property m.arket presents an exceptional opportunity, and we are well-positioned to capitalise on it,” said Imran Farooq, CEO of Samana Developers
“By introducing high-yield waterfront properties, we’re set to provide investors with a lucrative asset class that offers the best of Dubai’s sun, sand, and sea lifestyle.”
“As we expand our footprint locally, our goal is to offer local and foreign investors high-yield property assets. Samana’s strategy aligns with Dubai’s continuously bullish outlook of the real estate industry. Samana Developers has a well-planned forward-looking growth strategy, innovative ideas, affordable and quality assets, which attract the local and international investors,” he added.
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