Samana launches Samana Hills
Dubai based Samana Developers has launched its Samana Hills projects. The $27 million project will include 200 residential units. Samana Hills will be located in the heart of the Arjan community near Miracle Gardens in the UAE emirate.
The residential units will soon go on sale with prices starting at Dh399,000 for studios and Dh599,000 for one-bedroom apartments. It comes with a very convenient payment plan of one percent per month for 90 months, following 10 percent down payment on purchase.
According to the company, the five-storey Samana Hills consisting of 205 residential units will be delivered by the fourth quarter of 2021.
A spokesman said that Samana Hills is an ideal real estate asset in the making that will help fulfil a gap in the market for quality affordable hospitality properties that will help investors generate a higher return.
Alan James Gammon, general manager of Samana Group, says, “Samana Group entered the UAE’s real estate market when the market started to show signs of maturity. Real estate is a long-term business and we have entered in this market with a lot of conviction and it is our firm belief that the Dubai real estate market is the best regulated in this part of the world.”
He added, “Through the Samana brand and its asset management arm, the project will obtain long-term sustainability and will create a win-win situation for all stakeholders – the property owners, managers, developer and residents – who will be pamperedwitha high-quality service at an affordable price. Following the success of Samana Greens, we have taken a conscious decision to offer a greater value to property owners and investors of Samana Hills.”
The project will be completed in 2.5 years when the rental income starts to kick in. One of the key features of the property is its luxurious leisure deck with infinity pool, water features, swim up bar area, barbeque area, 24-hour coffee shop and indoor, outdoor gymnasium.
Source: Trade Arabia
Fulya Altunyay/ [email protected]