Samana Developers has initiated the real estate development of Production City, amounting to $272 million.
Dubai-based real estate developer Samana Developers has unveiled Samana Lake Views, a project worth AED1 billion ($272.2 million) in Dubai Production City.
The residential complex, located adjacent to the neighborhood’s lake, is part of Samana’s planned investment of AED12.5 billion ($3.4 billion) in UAE real estate for the year.
Spread over a 794,000 square feet plot, the twin towers comprise 1,006 apartments, including studios, one, and two-bedroom residences.
Dubai Production City real estate
Expected to be completed by October 2027, the project assures investors, homeowners, and end-users of a premium lifestyle and a promising return on investment.
Imran Farooq, the CEO of Samana Developers, remarked, “Our new project marks the beginning of a new era in design, strategically located near waterfront developments.” He emphasized that the project combines luxury, comfort, and a dynamic lifestyle, catering to the demand for resort-style communities at affordable prices.
Key features of the Samana Lake Views complex include private pools in all apartments and integration of smart home technology.
Additionally, the two-bedroom units are equipped with maid rooms.
The amenities encompass
- kids’ pools
- leisure pool decks
- barbeque areas
- lazy rivers
- basketball courts
- table tennis areas
- cabana areas
- shower areas
- aquatic indoor and outdoor gyms
- seating areas
- relaxation zones
- bonfires
- kids’ splash pads
- a virtual reality golfing facility
- outdoor cinema
- trampoline park
Farooq emphasized, “Our properties demonstrate significant potential for rental income and capital appreciation, attracting not only UAE expatriates but also investors from the US, Europe, GCC, and Asia.”
Samana Lake Views in Dubai Production City offers an eight-year payment plan, a five-year post-handover plan, and the choice of 1% or 0.5% monthly installments, making homeownership more accessible.
Prices for the project start from AED639,000 ($178,000), with investors drawn by the promising 8% return on investment (RoI).
