May 21, 2024
Real Estate

Samana Developers Launches Dh200 Million Waves-2 Residential Project in JVC Dubai

(DUBAI), United Arab Emirates: Following the launch and quickly selling out of the Dh165 million Waves-1 residential project in March 2022, Samana Developers today launched a Dh200 million Waves-2 project, which is adjacent to Wave-1, with retail spaces on the ground floor. The Waves twin tower is located in Jumeirah Villages Circle.

The G+3P+23 Waves-2 residential tower, spanning over 263,636 sqft, is designed by a team of expert architects who incorporated the modern trend of luxury living within budgets. Plenty of water features, private pools, water cascades, a leisure deck, a health club, valet parking and retail spaces make it a mid-luxury property right in the centre of the bustling city.

Waves-1 Sold out, Won Award

Last year, the design, features and the option of converting apartments into holiday homes for rentals, Samana Waves-1 was sold out in just two weeks. In addition, the project won the best project of the year award in a tough competition with the renowned developers. These factors in Waves-1 indicated what the modern investors look for in new properties. At the back of this demand, Samana Developers will replicate the similar features in Samana Waves-2 project.

The Waves twin towers complex in the JVC neighbourhood is in close proximity to Dubai highways – Al Khail Expressway, Sheikh Mohammed bin Zayed highway – and tourist spots – Dubai Miracle Garden and Ski Dubai at the Mall of the Emirates. Jumeirah Village Circle is 26 minutes away from Al Maktoum International Airport and District 2020, a new 4.38 square kilometre residential and business hub. The handover of the project is scheduled for Q1 2026.

Imran Farooq, the CEO of Samana Developers, said: “Dubai real estate market is currently witnessing a historic rise. The bullish trend, kick starting in 2023 at the back of regional and international events, is expected to continue during the rest of 2023. Emirate’s residential market saw 8,515 transactions, an enormous 43.9% increase from the previous year according to CBRE Dubai real estate report.”

Beyond the property market, Dubai’s economic boom is evident in everyday life. Every month, a new high-end real estate project appears in the sandy emirate, a bustling, hyper-modern metropolis in the Middle East.  

Samana Developers’ reputation and its offer of 50% financing to its buyers have established a strong investor confidence in Samana Developers and its projects located in JVC, Arjan and Dubai Studio City. Samana Developers properties guarantee a competitive 24% return at 8% per year over 3 years. That makes Samana projects an attractive proposition.

“So, we keep an eye on new market developments, new trends, new policies and come up with out of the box approach and how we can create something new which makes us apart from the clutter as well as attracts the international buyers and increases investment returns”, concluded Imran Farooq.

 Payment Plan – 6 Years

Samana Waves comprising of 170 apartments which are studios, studios with pools, 1 bedroom with pool, 1 bedroom duplex with pool, 2 bedrooms with pool and 2 bedroom duplex with pool. Apartment prices start from AED 449,000.

With a five-year payment option of paying 15% on booking followed by 60 months at just 1%. The flexible payment plan makes it a viable option for those who are looking to move from the rented apartment to owning a home in Dubai.

Last Updated on 1 year by Middle East News 247

    Middle East News 247

    Middle East News 247 delivers trending business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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