Dubai real estate developer Samana Developers has launched Samana Lake Views, a AED 1bn ($272.2m) project in Dubai Production City.
The residential complex, situated beside the lake in the neighbourhood, is part of Samana’s planned AED12.5bn ($3.4bn) investment into UAE real estate this year.
The twin towers span over a 794,000sq ft plot and offer 1,006 apartments which include studios, one and two-bedroom homes.
Dubai Production City real estate
The project is slated for October 2027, promising investors, homeowners and end-users a quality lifestyle and a high return on investment.
Imran Farooq, CEO of Samana Developers, said: “Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments.
“The project is a blend of luxury, comfort, and a vibrant lifestyle. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users.”
Key features of the Samana Lake Views complex include the private pools in all of the apartments and smart home technology.
The two bedrooms come with maid rooms too. The amenities include:
- Kids’ pools
- Leisure pool decks
- Barbeque areas
- Lazy rivers
- Basketball courts
- Table tennis areas
- Cabana areas
- Shower areas
- Aquatic indoor and outdoor gyms
- Seating areas
- Relaxation zones
- Bonfires
- Kids’ splash pads
- Virtual Reality golfing facility
- Outdoor cinema
- Trampoline park
Imran Farooq said: “Our properties have seen the higher potential for rental income and capital appreciation. That not only appeals to UAE expatriates but investors from the US, Europe, GCC and Asian countries as well”.
Samana Lake Views complex in Dubai Production City offers a convenient eight-year payment plan, a five-year post-handover plan, and an option of 1 per cent or 0.5 per cent monthly instalments.
It makes homeownership more accessible for buyers. Prices at the project start from AED639,000 ($178,000).
Samana investors seeking high returns are enticed by the 8 per cent return on investment (ROI)