Samana Developers Surpasses Expectations in 2023, Sets Ambitious Target of Dh8 Billion in 2024

Samana Developers Surpasses Expectations in 2023, Sets Ambitious Target of Dh8 Billion in 2024

Amid Dubai's unprecedented growth in real estate transactions, Samana Developers proudly reflects on a year of extraordinary accomplishments in 2023. The developer has surpassed the target of Dh3.3 billion in sales in 2023. Dubai's status as a global destination for living, working, and business continues to propel its real estate market to new heights. The economic factors driving the city's mega growth were evident in the strength of 2022, particularly in villas and A-graded residential apartments. However, 2023 has proven to be nothing short of magical, with increased demand across all property types, including residential apartments, villas, offices, warehouses, and commercial properties.  The luxury segment is embracing a new trend with the launch of an ultra-luxury project in Palm Jebel Ali. The success of Dubai in attracting businesses and the resounding achievements of the Dubai Golden Visa programme have been instrumental in fuelling this exceptional growth. 2024 – Looking Ahead Looking ahead, Samana Developers predicts that 2024 will again surpass the outstanding achievements of 2023. Projections indicate a substantial 40%-50% growth in the overall market size, with the off-plan sector expected to maintain its dominance in 2023. Global investors are drawn to the convenience of payment plans, coupled with the added advantage of the Golden