In 2023, Samaná Developers launched 12 new projects in Dubai, generating AED 3.3 billion in sales from these projects alone. Imran Farooq, the CEO, expressed the team's dedication and commitment to providing tailored investment advice and excellent service. He added, "Our 'on-time, every time' philosophy and our unique products have propelled us to the forefront of the real estate market, and we look forward to building on this in the months ahead."
In 2023, Samaná Developers achieved a 100% completion of the upper structure within 7 to 8 months of construction commencement, showcasing their efficient project management capabilities and impressive construction speed, reinforcing their commitment to quality and timeliness.
According to Samaná Developers' statement, the Dubai real estate market is expected to grow by 40% to 50% overall, with non-planned development areas maintaining a dominant position. To capitalize on market opportunities, the company announced in December 2023 that they would award 18 new construction contracts in 2024 and complete the delivery of four projects within the next 13 months. Additionally, they successfully delivered the Samana Golf Avenue project in Dubai Studio City, valued at AED 100 million, on schedule, further enhancing the company's reputation.
To further expand market share, Samaná Developers plans to increase its sales force by 80% and hire 455 full-time employees. Furthermore, they plan to establish offices in China and Europe to better reach key markets. These initiatives will provide them with more opportunities to collaborate with clients in different regions and conduct business globally.
Samaná Developers also revealed plans to announce their first super luxury project outside the UAE in 2024. While the statement did not provide detailed information about the project, it is described as a "perfect blend of sun, beach, and sea," with property values ranging from USD 3 million to USD 20 million. The launch of this project will further solidify Samaná's position in the high-end luxury real estate market and attract more attention from affluent homebuyers.
