As part of the investment plan, 18 construction projects will be awarded, leading to the expansion of the company’s portfolio within the booming waterfront development segment
Dubai’s Samana Developers announced major investment in the city’s real estate sector, on Monday. The company is set to invest AED12.5bn (AED3.4bn) in several new residential projects in Dubai this year.
As part of the investment plan, 18 construction projects will be awarded, leading to the expansion of the company’s portfolio within the booming waterfront development segment.
With this move, Samana Developers is set to elevate its positioning among the top five developers in Dubai, previously standing in the top 10 in 2023.
“Dubai’s property market presents an exceptional opportunity, and we are well-positioned to capitalise on it,” said Imran Farooq, CEO of Samana Developers.
“By introducing high-yield waterfront properties, we’re set to provide investors with a lucrative asset class that offers the best of Dubai’s sun, sand, and sea lifestyle,” he added.
The Dubai real estate sector recorded 1.6 million real estate transactions last year, experiencing a surge as the city continues its upward momentum, attracting an array of investors.
“As we expand our footprint locally, our goal is to offer local and foreign investors high-yield property assets. Samana’s strategy aligns with Dubai’s continuously bullish outlook of the real estate industry. Samana Developers has a well-planned forward-looking growth strategy, innovative ideas, affordable and quality assets, which attract the local and international investors.”, Imran concluded.
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