Samana Developers has unveiled its latest venture, the Samana Park Meadows project, in the Dubai Land Residence Complex, located in Dubailand. Valued at 220 million UAE dirhams ($59.90 million), the 15-storey development will feature 221 residential units and is set to be completed by March 2028.
Continued Growth in Dubai’s Real Estate Market
Imran Farooq, CEO of Samana Developers, highlighted the ongoing strong demand in Dubai’s real estate market, which continues to surpass supply levels. The project is a response to this rising demand, as Dubai remains an attractive destination for real estate investment.
Although the launch details have been revealed, no specific tender timelines were disclosed for the construction phase.
Expansion and Future Investments
Samana Developers has been rapidly expanding, with the recent launch of a new contracting company in September as part of its broader growth strategy. The company currently has 42 real estate projects in various stages of development across Dubai.
Earlier this year, Samana announced plans to invest 12.5 billion UAE dirhams ($3.4 billion) into new residential projects across the city. The developer is also set to award 18 construction contracts by the end of 2024, showcasing its commitment to growth and continued investment in Dubai’s booming property sector.
Looking Ahead
The Samana Park Meadows project adds to the momentum of real estate developments in Dubailand, further positioning the area as a key destination for residential growth. With the developer’s ambitious plans and increasing market demand, Samana Developers remains a prominent player in shaping Dubai’s residential landscape.
