Samana Developers Launches Cruise Ship Styled Residential Project In Dubai

Samana Developers Launches Cruise Ship-Styled Residential Project of $82m in Dubai

  • April 29th, 2023

Samana Developers unrivalled a Greece-inspired and cruise ship-styled residential project in Dubai, focused on the growing mid-luxury sector in the emirate.

According to the company, the Dh300 million ($81.7 million) Samana Mykonos Signature project will offer a cheaper alternative to hotels in Dubai’s Arjan district. This is Samana’s third project with 276 units this year out of 12 planned for the year. There will also be 24 retail units in the building, which will be handed over in October 2025.

Samana Mykonos Signature offers a spa, fitness centre, and outdoor pool, all designed to help residents unwind and rejuvenate. In addition to its luxurious amenities, Samana Mykonos Signature is known for its exceptional service, with a team of dedicated staff members available around the clock to ensure residents have an unforgettable stay. Whether you are seeking a romantic getaway, a relaxing vacation, or a fun-filled adventure, Samana Mykonos Signature is the perfect destination.

This offers stunning views of the Sea and is known for its personalized service, elegant design, and exclusive atmosphere. The development features luxurious suites, each decorated in a contemporary Mediterranean style with high-end amenities and private balconies or terraces. The suites and apartments are designed to provide maximum comfort and relaxation, with spacious bathrooms, and state-of-the-art entertainment systems.

Today’s buyer is intelligent and has a wide range of options to choose from. Imran Farooq, CEO of Samana Developers, said, we promise to deliver something new, environmentally friendly, yet affordable.

The Dubai property sector has recovered from the Covid-19 pandemic, fueled by increasing investor interest and an increase in demand. In the first quarter of 2023, Emirates luxury home sales reached Dh6 billion, according to Knight Frank.

The tourism industry, which is one of Dubai’s economy’s key pillars, has made strong strides and continues to drive other sectors such as hospitality and retail. Last week, Emirates NBD reported that the emirate might surpass its pre-pandemic annual number of international visitors this year.

According to Dubai’s Department of Economy and Tourism, in the first two months of 2023, Dubai welcomed 3.1 million visitors. The company has also introduced a new income-generating initiative for homebuyers, where they can convert their apartments into holiday homes and sublet them. According to Samana, investment returns range between 8% to 13%, with an additional 8% annual return.

Source: The National News