Dubai, United Arab Emirates: Following the launch of the Dhs165 million Waves-1 residential project in March 2022, which quickly sold out, Samana Developers today unveiled the Dhs200 million Waves-2 project, which is adjacent to Wave-1 and features retail space on the ground floor.The Waves Twin Towers are located at Jumeirah Villages Circle.
With over 263,636 square feet, the Waves-2 residential tower at G+3P+23 has been designed by a team of professional architects to incorporate modern trends in luxury living within a budget. Extensive water features, a private pool, water cascade, relaxation deck, health club, valet parking and retail space make this a mid-level luxury property in the heart of a bustling city.
Waves-1 sells out, wins awards
Last year, the design, functionality and the option to convert the condominium into a holiday home rental, Samana Waves-1 was sold out in just two weeks. In addition, the project won the Project of the Year award against stiff competition from established developers. these factors at Waves-1 are indicative of what modern investors are looking for in a new property. Backed by this demand, Samana Developers will replicate similar features in the Samana Waves-2 project.
The Waves Twin Towers complex in the JVC neighbourhood is located in close proximity to the Dubai Motorway - Al Khail Expressway, Sheikh Mohammed bin Zayed Expressway - and the tourist attractions - Miracle Gardens Dubai and Ski Dubai at the Mall of the Emirates. Jumeirah Village Circle is a 26-minute drive from Maktoum International Airport and Zone 2020, a new 4.38 square kilometre residential and commercial hub. The project is scheduled to be handed over in the first quarter of 2026.
Imran Farooq, CEO of Samana Developers, said: "The Dubai real estate market is currently witnessing a historic upturn. This bullish trend, which started in 2023 amidst regional and international events, is expected to continue for the rest of 2023. According to CBRE's Dubai Real Estate Report, the emirate's residential market saw 8,515 transactions, a significant increase of 43.9% over the previous year."
In addition to the real estate market, Dubai's economic boom is evident in everyday life. Every month a new high-end real estate project appears in the sandy emirate, a bustling, ultra-modern metropolis in the Middle East.
The reputation of Samana Developers and the availability of 50% financing for its buyers has built strong investor confidence in Samana Developers and its projects in JVC, Arjan and Dubai Studio City. Samana Developers' properties guarantee a competitive 24% return, 8% per annum over 3 years. This makes the Samana project an attractive proposition.
"Therefore, we keep an eye on new market developments, new trends, new policies and come up with new approaches and how to create something new that will set us apart from the chaos and attract international buyers and increase the return on investment", concludes Imran Farooq. Payment plan - 6 years
Samana Waves consists of 170 flats including studios, studios with pools, one bedrooms with pools, one bedroom duplexes with pools, two bedrooms with pools and two bedroom duplexes with pools. Prices for flats start from A$449,000.
There is a five year payment option with 15% payable at the time of booking and only 1% payable for the following 60 months. The flexible payment plans make it a viable option for those looking to move from renting a flat to owning a home in Dubai.