Dubai real estate: Property developer announces new luxury Samana Avenue project in Dubailand
Samana Developers has unveiled its latest project, ‘Samana Avenue’, in the Dubai Land Residence Complex located in Dubailand. The project is designed to offer luxurious living and high-quality finishes at an affordable price, reflecting Samana Developers’ commitment to meeting the end-user needs for a quality lifestyle.
Golden Visa Opportunity
Samana Avenue offers buyers the option to obtain a UAE golden visa, with Samana Developers providing investment advice to those seeking the 10-year residency. The company has reported increased interest from international buyers, particularly Europeans, following the Dubai Land Department’s decision to remove the AED1 million down payment requirement for golden visa eligibility.
Development Details
Samana Avenue covers 254,667.98 square feet and includes 16 floors with 165 units, comprising studios, one-bedroom, and two-bedroom apartments. Most units feature private swimming pools. The development is set for completion in December 2027.
Strategic Location
Located near Al Ain – Dubai Road, the project provides easy access to major Dubai roads, with Dubai International Airport and Business Bay approximately 20 minutes away by car. This strategic location ensures residents have convenient access to key areas of Dubai.
Amenities and Features
The development includes a range of amenities such as swimming pools, a fitness center, a healthcare center, gardens, and a children’s play area. Apartments are equipped with balconies and smart home technology, enhancing the luxury living experience.
Pricing and Payment Plans
Prices for Samana Avenue apartments start at $178,000. The payment plan extends over 8.5 years, with five years of post-handover options. The plan includes 1 percent monthly payments pre-handover, 0.5 percent post-handover, and 8 percent guaranteed returns.
Market Response and Future Projects
CEO of Samana Developers, emphasized that the new project reflects the company’s dedication to creating value-for-money and luxurious lifestyles in sought-after locations. Samana Developers has lined up the launch of 17 new projects this year, achieving a staggering 600 percent growth in 2023. The company reports increased interest from international buyers, particularly Europeans, following the Dubai Land Department’s decision to remove the AED1 million down payment requirement for golden visa eligibility.
Samana Avenue’s introduction marks another significant milestone in Dubai’s booming real estate market, offering luxurious living options with attractive investment opportunities.
Reference: Arabian Business
