Focus on UAE’s Booming Real Estate Market and Client Demand
Samana Developers, based in Dubai, has opened an office in Abu Dhabi to capitalize on the growing demand for premium real estate from clients in the emirate. The new office, in Al Falah Tower, will house over 40 property consultants and experts. This strategic expansion comes as Abu Dhabi-based clients account for 20% of the company’s total sales, underscoring the developer’s commitment to catering to this key market.
PC: Zawya
The statement by Imran Farooq, Chief Executive Officer, Samana Developers, indicates the company’s focus on capitalizing on the UAE’s real estate boom while providing a quality living solution for its customers.
“With Dubai’s primary real estate market hitting record highs, surpassing 180,900 transactions and achieving a remarkable AED 552.1 billion ($150 billion) in sales value, we are thrilled to announce the launch of our new Abu Dhabi office,” Farooq stated.
Dubai’s Real Estate Boom
Samana Developers’ move comes against the backdrop of Dubai’s thriving property market, which has seen unprecedented growth in recent years. The emirate’s primary real estate market has broken records, with transaction volumes and sales values reflecting increasing investor confidence.
Samana, with a portfolio of over AED 16 billion ($4.4 billion) in Dubai, has emerged as a major player in the sector. It is ranked seventh in off-plan property sales in the emirate, with 10,000 units under construction and 30 projects launched. The company also manages 45 projects, which further cements its position as a reliable developer in Dubai’s competitive real estate landscape.
Recent Achievements
Last month, Samana Developers completed its AED 150 million Samana Park Views project in Arjan, delivering 176 residential units. This milestone has once again underscored the company’s ability to execute large-scale projects while staying true to quality.
It has also extended its international footprint. The “Samana Ocean Views Interior by Elie Saab,” a luxury real estate project for AED 2.2 billion collaborated with the renowned designer Elie Saab in the Maldives, is reflective of its global ambitions.
Strengthening Regional Presence
Samana Developers has announced the opening of its Abu Dhabi office, as it steps up its growth strategy in the region. As the developer increases its market share in the already competitive UAE market, it also hopes to benefit from the current contribution of Abu Dhabi clients toward its sales, which is still significant.
Expanding into Abu Dhabi is not inconsistent with a good confidence from its future by Samana Developers as UAE property market continuously thrive under that expansion in respect to an already promising area.
