Samana Developers launches Samana Hills in Arjan

Samana Developers, a Dubai-based developer, has announced the launch of its new project, Samana Hills - a Dh100 million property that will host 200 residential units - in the heart of the Arjan community near Miracle Gardens.
The residential units, which will soon go on sale with prices starting at Dh399,000 for studios and Dh599,000 for one-bedroom apartments, come with a very convenient payment plan of one per cent per month payment scheme for 90 months, following 10 per cent down-payment on purchase. Samana Hills will be located opposite Dubai Hills Estate at the heart of Arjan. The five-storeyed project consists of 205 residential units, will be delivered by the fourth quarter of 2021.
"Samana Hills is an ideal real estate asset in the making that will help fulfill a gap in the market for quality affordable hospitality properties that will help investors generate a higher return. The new project launch comes as the developer completes its maiden project - the Dh75 million Samana Greens at Arjan that will be ready for handover in early 2020," said Alan James Gammon, GM of Samana Group.
"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.
"This means, the property owners might have to just invest 40 per cent - 10 per cent down payment and 30 monthly installments of one per cent each - of the price of the property and pay back the rest from the rental income," said Gammon. "With this project, we have made investment very easy and attractive to property buyers. So, with Samana Hills, an end-user with limited income could now become a property investor, and enjoy strong returns that are funded is funded by the rental income."
Samana Properties, a part of the Samana Group, had earlier announced the completion of 100 per cent of the structure of Samana Greens residential project, a freehold property consisting of 116units. The four-storeyed residential apartment project consists of studio apartments, one- and two-bedroom apartments. The project will be delivered by March 2020, six months before the Expo 2020 will be hosted in Dubai. Samana Greens, located in the Arjan area, is located in front of Dubai's iconic Miracle Gardens, which is easily accessible by two main roads and offers easy access to Dubai's main attractions. The city is surrounded by Sports City, Emaar Hills as well as a number of international schools, hospitals, and services.
- business@khaleejtimes.com