Dubai-based Samana Developers has announced the complete sell-out of all 327 apartments within its two premium residential projects - Samana Hills and Samana Greens - located in Arjan Dubailand community.
The resort-themed Samana Hills is located opposite the Dubai Hills Estate and a walk away from Dubai’s major tourist attraction - the Dubai Miracle Garden.
Spread over a sprawling 100,000 sq ft area, the AED110 million ($30 million) project boasts 205 apartments, including studios, one and two-bedroom apartments.
Since the ground-breaking in September last year, the project has seen a high interest from buyers due to its investor-friendly propositions, said the statement from Samana Developers.
Buyers were attracted to project’s resort-theme, affordable-luxury and sustainability features, it added.
The AED 75 million Samana Greens sits on a total built-up area of 13,000 sq m featuring 122 units with a mix of studios, one- and two-bedroom apartments and six retail spaces.
It has a distinct feature of a leisure deck that is home to facilities including a swimming pool and jacuzzi, a landscaped terrace as well as a gymnasium with sauna and steam room. Parking bays for the residents are located on the ground level, with one bay for every apartment.
On the successful sellout, CEO Imran Farooq said: "We are committed to ourself that we will remain resilient, focused and keep the workflow uninterrupted, which eventually led projects to early completion and even preponement. It was not an easy task during the pandemic hardships during the lockdown and when the businesses were learning to adapt to New Normal."
"In a way, Samana Developers has set a new benchmark, which was never seen in last 10-year history of Dubai’s real estate market when there have been project delays and developers facing losses," stated Farooq, while announcing the feat at a brokers’ meeting held recently in Dubai.
Samana Developers, he said, managed to fast-track the construction by introducing a double shift of workers, live remote monitoring of construction works during the lockdown which helped complete the construction ahead of time.
"The superstructure of Samana Hills, was completed last month which was ahead of schedule. The ground was broken on the G+5 apartment project in September 2019, and construction has since been fast-tracked," Farooq explained.
The project is scheduled for delivery in Q3 2021, which will coincide with Dubai Expo 2020, he added.
On the Samana Greens, Farooq said the project was in the final stages of completion and on track for delivery any time soon.
"The project remained slightly slow due to the failure of the contractor to complete it on the stipulated period mentioned in the project construction agreement. Secondly, the Covid-19 related lockdown caused the 15 per cent slower construction activity from March to May 2020," he stated.
Samana Developers managed to fast-track the workflow with two shifts of workers, efficient project management and self-funding, he added.-TradeArabia News Service
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