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Samana launches $54m residential tower in Jumeirah

March 24, 2023
real estate

UAE-based Samana Developers has launched the second of its twin-tower complexes within the Samana Waves development located at Jumeirah Village Circle.

The Waves-2 is a 23+-storey residential tower being developed over a 263,636-sq-ft area with plenty of water features, private pools, water cascades, a leisure deck, a health club, valet parking and retail spaces.

The Waves twin towers complex features a total of 170 apartments - including studios, studios with pools, one-bedroom with pool, one-bedroom duplex with pool, two-bedroom with pool and two-bedroom duplex with pool - with apartment prices starting from AED449,000 ($122,229) onwards. The handover of the project is scheduled for Q1 2026.

To launch of the AED200 million ($54.4 million) tower comes following the successful sellout of the AED165 million Waves-1 residential project in March last year.

'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,' said its CEO Imran Farooq.

'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,' he added.

Unveiling its launch offer, Farooq said: 'We have a five-year payment option wherein the customer pays 15% on booking followed by 1% for the next 60 months.'

'This 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,' he added.