Dubai’s Samana Developers launches $87mln projects in Dubai Studio City

Dubai’s Samana Developers launches $87mln projects in Dubai Studio City

Dubai-based Samana Developers announced on Monday the launch of Santorini and Mykonos luxury residential projects in Dubai Studio City worth 320 million UAE dirhams ($87.12 million).

The two schemes, reflecting Greek island architecture, are part of the 12 new projects worth AED2.5 billion planned for 2023, the developer said in a press statement.

“Covid-19 outbreak prompted us to go for island designs where people live in a healthy and sustainable environment,” said Imran Farooq, Chief Executive Officer of Samana Developers.

The AED 150 million Samana Santorini, spanning over 193,927 square feet, is a ground plus four residential project. It will house 157 studio, one, two, and three-bedroom apartments with private pools.

The project is scheduled for handover in April 2025.

The AED 170 million Samana Mykonos is a ground plus-five project covering an area of over 197,430 square feet.

The 198-unit project is expected to be handed over in July 2025.

In addition, Samana Developers has introduced a new income-generating facility for its homebuyers by converting their apartments into holiday homes.

“The facility benefits both sides – homeowners make an additional income, and tourists save on extravagant hotel charges,” Farooq stated.

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(Writing