July 20, 2018

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Dubai: AED75mn Samana Greens project on track for completion

Samana Greens construction view
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Dubai-based real estate developer, Samana Developers, said its AED75mn residential project Samana Greens is on track with the contractor on ground completing 10% of the construction works in 100 days.

Samana Greens – a freehold project – consists of 131 residential units comprising studio to two-bedroom apartments. Located close to the Miracle Gardens in Arjan area, Samana Greens will be easily accessible through two major expressways – Al Khail Road and Mohammed Bin Zayed Road – and gives its residents easy access to the major attractions to the city of Dubai.

Samana Greens is being developed as per the green building codes with LEED certification utilising best practices – greywater treatment to convert it into irrigation water, use of solar energy/panels to lower electricity consumption, use of green appliances and sufficient spaces for greenery and moving.  The green and sustainable development will complement Dubai’s vision for sustainable projects.

The G+4 project comes with ample parking space for each apartment, landscaping, and other associated facilities with a built-up area of 13,006sqm. The residential tower brings several retail outlets, sauna and gymnasium, comfortable shopping area, covered parking, secure play area for kids and plenty of green spaces for its residents.

Imran Farooq from Samana Developers said: “As Dubai’s real estate market matures further with tighter regulations and transparency, property buyers are looking at real assets and the quality finishing as well as the timely delivery of the project – that reflects the developer’s integrity – we felt our obligation to construct the project before we ask buyers to put their money into the property. As our maiden project, we are very much focussed on the timely delivery with promised quality so that the buyers could call it their home and be proud of the amenities.

“Besides, we are offering 9.25% guaranteed rental returns to our buyers who want to put the property on rent. This effectively means, the buyer could get back the investment in just 10 years – without relying on bank finance, and after getting the key with just AED199,500 payment only. As an additional payment facility to its customers, we have setup a facility where buyers can pay through cryptocurrency, along with traditional payments methods through banks.”

 

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