Samana Developers, a prominent name in Dubai’s real estate sector, has unveiled its latest venture, Samana Avenue, situated in the Dubailand Residence Complex within Dubailand.
A standout feature of Samana Avenue is the opportunity for buyers to obtain the UAE golden visa. To facilitate this, Samana Developers is providing personalised investment guidance for those opting for the 10-year residency. The recent reduction by the Dubai Land Department, lowering the mandatory down payment to apply for the 10-year residency from AED 1 million, has caused a rise in interest. This initiative is particularly appealing to international buyers, mainly from Europe, who are eager to enjoy a premium and tranquil lifestyle in Dubai.
Mr. Imran Farooq, CEO of Samana Developers said that their new project in the DLRC Dubailand area shows their dedication to offering quality living spaces in prime locations. Samana Avenue embodies affordable luxury with top-notch finishes and a focus on value-for-money.
Expansion plans for 2024
Mr. Farooq further revealed that Samana Developers plans to launch 17 new projects in the coming year, following a remarkable 600% growth in 2023, reinforcing its status as a leading developer in Dubai.
Samana Avenue boasts a built-up area of 254,667.98 sq.ft., featuring 16 floors and 165 well-designed units. Scheduled for completion in December 2027, the project offers a range of studios, one-bedroom, and two-bedroom apartments, many with private swimming pools.
Prime location and connectivity
Strategically located near Al Ain – Dubai Road, Samana Avenue ensures excellent connectivity to major roads, making Dubai International Airport and Business Bay accessible within a 20-minute drive. The project is also conveniently close to key attractions like IMG Worlds of Adventure, Global Village, and Dubai Miracle Garden.
Each apartment in Samana Avenue is designed to be a personal haven, equipped with modern amenities and spacious balconies that offer stunning views of Dubai. Residents can enjoy lifestyle amenities such as swimming pools, a state-of-the-art fitness centre, a healthcare centre, landscaped gardens, and a children’s play area.
Modern design and sustainability
The project showcases a mix of contemporary architecture and natural beauty, using high-quality materials and meticulous landscaping. All apartments feature the latest smart home technology for added convenience and connectivity. Additionally, the development incorporates energy-efficient lighting systems and appliances, promoting sustainability.
Flexible payment plan
With prices starting at USD 178,000, Samana Avenue offers a flexible payment plan spread over eight-and-a-half years, including five years of post-handover options. The payment structure includes 1% per month pre-handover and 0.5% post-handover, with an 8% guaranteed return, making it an attractive option for both investors and homebuyers in Dubai.
Original article reference: Zawya.
