Samana Developers will complete its second real estate project Samana Hills at a cost of $27.2m (AED100m) in Dubai by the fourth quarter of 2021.
The five-storey project will feature 205 residential units varying from studios to one and two-bedroom apartments at Arjan, near the Miracle Gardens.
Prices of the residential units at the project start at AED 399,000 for studios and AED 599,000 for one-bedroom apartments, with a payment plan of 1% per month payment scheme for a 90-month period, following 10% down-payment on purchase, according to a press release.
CEO of Samana Group, Imran Farooq said: “This is the second groundbreaking ceremony within less than two years and reflects our strong commitment to the UAE’s real estate market. This project will also be delivered on time and with the promised quality.” he added: “The UAE’s real estate market will grow further if more affordable homes like our Samana Hills are built to help the middle-income families to move into their freehold homes from the rented homes.”