Samana Developers, a prominent real estate developer in Dubai, has unveiled the 'Samana Avenue' project within the Dubai Land Residence Complex in the Dubailand area. A notable feature of Samana Avenue is the provision of a UAE golden visa for purchasers. To facilitate this, Samana Developers is providing customized investment guidance to buyers who choose the 10-year residency option. This surge in buying activity follows the Dubai Land Department's reduction of the mandatory Dh1 million down payment required for the 10-year residency application. International buyers, predominantly from Europe, are keen to maximize this opportunity and enjoy a high-quality, tranquil lifestyle in Dubai.
Imran Farooq, CEO of Samana Developers, stated: 'Our new project in the DLRC Dubailand neighborhood underscores our dedication to fulfilling the lifestyle needs of end-users in highly desirable locations. We have crafted offerings that provide value for money, superior finishes, and luxurious living. Samana Avenue is tailored to meet these objectives and promises to deliver affordable luxury.' Furthermore, Samana Developers plans to launch 17 new projects this year, having already achieved a remarkable 600% growth in 2023 and consistently ranking among Dubai's top developers, according to Farooq.
Spanning 254,667.98 square feet, Samana Avenue comprises 16 floors and 165 meticulously designed units. The project, slated for completion in December 2027, includes a variety of studio, one-bedroom, and two-bedroom apartments, each equipped with modern amenities. Many of these apartments feature private swimming pools. Strategically positioned near Al Ain – Dubai Road, Samana Avenue offers easy access to major Dubai thoroughfares. Residents can conveniently reach Dubai International Airport and Business Bay within about 20 minutes by car. The project is also in close proximity to key attractions such as IMG Worlds of Adventures, Global Village, and Dubai Miracle Garden.
The residences are enhanced by a range of lifestyle amenities, including swimming pools, a cutting-edge fitness center, a healthcare facility, landscaped gardens, and a children's play area. All apartments boast spacious balconies, ideal for taking in Dubai's breathtaking vistas. Each unit at Samana Avenue is outfitted with the latest smart home technology, ensuring ease and connectivity. The development also features energy-efficient lighting and appliances, promoting sustainability and minimizing environmental impact.
Prices for Samana Avenue apartments begin at $178,000. The flexible payment plan extends over 8.5 years, with five years of post-handover payment options. The attractive terms, including 1% monthly payments pre-handover, 0.5% post-handover, and 8% guaranteed returns, make these apartments appealing for both real estate investors and those seeking to own a home in Dubai.
