Samana Developers Launches AED 100 Million ‘Golf Avenue Project’ with 50% Finance Facility.
– 50% finance facility to investors
– 24% rental guarantee
– Special incentives for Chinese
– Samana Developers won Innovation in Design and Sustainability awards
– Offers for Chinese investors, despite the challenging situation in China.
Dubai, United Arab Emirates – February 18, 2020: Samana Developers, a Dubai-based real estate developer, today launched AED 100 million Samana Golf Avenue project at a press conference held in Dubai. Samana Developers is the first real estate company in UAE which has extended a highly competitive offer of 50% finance facility to its buyers while UAE lenders allow only 20%.
The project, located in Dubai Studio City, has been distinctly designed with resort-style features, mini-golf, indoor and outdoor gymnasiums, a large swimming pool with a swim-up refreshment area, Jacuzzi, children’s play area and pool with plenty of green spaces and water features to create a healthy lifestyle. The resort-themed design of the project won the Innovation Design Award by the Design Middle East magazine for its unmatched features. The project is scheduled for handover in the third quarter of 2022.
Besides 50% financing, the competitive guarantee of 24% returns at 8% per annum for 3 years makes Samana Golf Avenue an attractive proposition for end-users and investors alike and is the developers’ rent-to-own approach. With a payment option of pay, 10% on booking followed by 80 months at just 1% makes it an excellent option for those that are looking to move from rental accommodation allowing them to get a foothold on the property ladder.
Alan James Gammon, General Manager of Samana Developers, said: “We have a buyer-focused business model, with a win-win approach. Our 24% guaranteed rental return is hard to compete within Dubai’s real estate market which only a mature and sustainable developer can offer. Our sustainable business approach reflects our commitment to our customers and to Dubai’s real estate market in general.”
“50% financing is a generous move by Samana Developers, which reflects our rent-to-own approach for homebuyers. Our partnership with the local financial institutions reflects our mandate to create solutions that meet the changing needs of homebuyers in the UAE. Considering the huge interest for the Samana Golf Avenue project in both the local and international markets; we perceive an exceptionally strong demand for high-quality, affordable properties in carefully master-planned, and well located residential communities from homebuyers, ranging from young professionals to larger families.”
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 bank return makes Samana Golf Avenue a highly lucrative proposition for investors at a much sought-after location in the city of Dubai.
Following our road shows in China, our exclusive offers are still valid for our prospective Chinese investors, despite the challenging situation in China. We are fully committed to our Chinese customers and will be conducting further road shows later this year with our staff on the ground in China assisting existing and new customers with any queries in regard to our projects.
Samana Golf Avenue features 233 luxury studios, one and two-bedroom apartments come with private pools and a world-class leisure deck featuring golf putting green.
Samana Golf Avenue covers an area of just under 80,000 SQF and the Ground plus 4 structure houses over 200 covered parking bays. Giving a built-up area of over 508 thousand square feet.
About Samana Developers:
Samana Developers, part of Samana Group of companies, has successfully completed numerous industrial and residential projects in the Middle East. Upcoming projects of Samana Developers in the Arjan and Dubai Sports City areas are state-of-the-art residential resort-style projects. Samana has built its reputation through high-performance standards and by offering a wide range of services. We focus on developing state-of-the-art commercial and residential projects with distinctive features that make our properties a better place to live.