Dubai: Samana Developers, a Dubai-based boutique real estate developer, has announced a 24% guaranteed rental returns for its US$ 27.2 million Samana Hills and the same US$27.2 million Samana Greens projects located in Arjan, Dubailand, near a major tourist attraction, Dubai Miracle Garden.
The generous 24% yield makes Samana Developers projects attractive for end-users and investors alike. The easiest to avail 10% down-payment and over 90 months installment scheme makes it simple for the investor to pay and earn rental yields. In addition, investors are particularly interested in the 8% net return that is given by the developer once the unit is fully paid.
The higher than banking lenders’ return makes Samana Hills and the almost complete Samana Greens projects a highly lucrative proposition for investors at much sought-after locations in Dubai.
The five-storyed Samana Hills project has a mix of studio, one and two bedroom apartments that will be delivered by the fourth quarter of 2021. With studio apartments starting from Dh399,000 and one bedroom units from Dh599,000.
The new lucrative offering is for Samana Hills resort-style residential project and for the award-winning Samana Greens - a sustainable, energy-efficient and environment-friendly project - which has received high levels of investor interest due to their prime location in close proximity to tourist attractions, international schools and the largest private hospital in the city of Dubai. Arjan is Dubai’s new neighbourhood with a lifestyle living and to easy access to the metropolitan.
Alan James Gammon, General Manager of Samana Developers, said: “We have a buyer-focused business model, with a win-win approach. Our 24% per cent guarantee of rental returns is hard to compete in Dubai’s real estate market which only a mature and sustainable developer can offer. Our sustainable business approach reflects our commitment to buyers in particular, and to the Dubai’s real estate market in general.”
In addition the award-winning G+4 Samana Greens project comes with ample parking space, landscaping and other associated facilities with a built-up area of 508,666 square-feet. The residential project brings several retail outlets, luxurious sauna and gymnasium, comfortable shopping area, ample parking and play area for children whilst being built to the largest green standards helping to reduce the carbon footprint.
“We plan to continually develop new resort-style projects in the most sought-after locations of Dubai that will have attractive and affordable payment schemes whilst delivering quality and eco-friendly living”, Alan concluded.
Dubai Expo 2020 Impact
More positive market sentiment is expected due to direct and indirect drivers impacting tourism, business and the overall economy as Expo 2020 kicks off during the fourth quarter. 300,000 jobs are likely to be created due to Expo 2020, according to a December 2019 market report by ValuStart, the Middle East’s leading provider of market advisory.
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