Samana Developers launches Dh100 million resort-theme project

Dubai - Dubai-based Samana Developers has launched Dh100 million Samana Golf Avenue project in Dubai Studio City.
The developer will offer 50 per cent finance facility to its buyers while UAE lenders allow only 20 per cent. It also offers guarantee of 24 per cent returns at 8 per cent per annum for 3 years.
With a payment option of pay 10 per cent on booking followed by 80 months at just 1 per cent makes it an attractive option for those that are looking to move from rental accommodation allowing them to get a foot hold on the property ladder.
The project has been distinctly designed with resort style features, mini golf, indoor and outdoor gymnasiums, large swimming pool with swim up refreshment area, Jacuzzi, children's play area and pool with plenty of green spaces and water features to create a healthy lifestyle.
Alan James Gammon, General Manager of Samana Developers, said: "We have a buyer-focused business model. Our 24 per cent guaranteed rental return is hard to compete with in the 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 the Dubai's real estate market in general."
He said 50 per cent financing move by Samana Developers reflects its rent-to-own approach for homebuyers.
Samana Golf Avenue features 233 luxury studios, one and two-bedroom apartments some with private pools and a world-class leisure deck featuring a golf putting green. Samana Golf Avenue covers an area of just under 80,000 square feet and the ground plus 4 structure houses over 200 covered parking bays, giving a built-up area of over 508 thousand square-feet.
-waheedabbas@khaleejtimes.com