
Samana Hills South Achieves Unprecedented Sell-Out Within 90 Minutes of Launch, Underscoring Robust Market Confidence in Dubai South
Samana Developers, a distinguished and award-winning real estate developer based in Dubai, is pleased to announce the exceptional sell-out of its latest residential masterpiece, Samana Hills South, within a remarkable 90 minutes of its official launch. This AED 400 million development exemplifies Samana Developers' unwavering commitment to pioneering resort-style residential communities that meet robust market demand.
Strategically positioned within Dubai South, near the rapidly expanding Al Maktoum International Airport, Samana Hills South features 510 exquisitely designed studios, 1, and 2-bedroom apartments, all boasting elegant finishes and competitively priced from AED 570,000. Residents are afforded an unparalleled lifestyle, with access to over 30 resort-style amenities, including an outdoor cinema, wellness lounge, dedicated kids' play area, and an aqua gym & spa. Offering flexible payment plans and substantial return on investment (ROI) potential, Samana Hills South represents a compelling opportunity for both discerning homeowners and astute investors.
'The extraordinary demand for Samana Hills South, achieving a full sell-out in just 90 minutes, is a powerful testament to the robust confidence investors and homeowners place in Dubai's dynamic real estate market and our strategic vision,' stated Imran Farooq, CEO of Samana Developers . 'Our decision to develop in Dubai South is unequivocally anchored by its undeniable potential as the epicentre of future growth. With Al Maktoum International Airport poised to become the world's largest, capable of managing 260 million passengers annually, and the imminent creation of 500,000 new jobs alongside the ongoing development of Expo City, this district is experiencing unprecedented expansion.'
Samana Developers' robust portfolio, exceeding AED 17 billion and commanding a 4.4% market share, underscores its unwavering dedication to strategic growth and innovation. The successful introduction of 12 new projects in 2024, including the globally acclaimed Samana Ocean Views Interiors by Elie Saab, highlights the developer's expansive vision and diverse offerings. Properties are meticulously chosen for their strategic locations, offering compelling opportunities for capital appreciation and attractive rental yields for both discerning end-users and astute investors. Samana Developers consistently receives accolades for its commitment to unparalleled quality and pioneering innovation within the real estate sector.
About SAMANA Developers:
SAMANA Developers, an award-winning real estate developer based in Dubai with growing international portfolio.
With a focus on creating sustainable and elegant living spaces, SAMANA Developers has seamlessly delivered a wide range of residential and commercial projects climbing to the top seven highest off-plan sellers in 2024.
Known for their innovative designs, premium amenities, and prime locations, SAMANA Developers' projects have set new standards in the UAE real estate market. The company's dedication to excellence has earned them a reputation for delivering exceptional value and investment opportunities with more than 1,300 units handed over and 11,000 units under construction.
SAMANA has scooped multiple esteemed awards for pioneering concepts, innovative designs, and sustainability.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mid East Info
10 hours ago
- Mid East Info
Samana Hills South Achieves Unprecedented Sell-Out Within 90 Minutes of Launch, Underscoring Robust Market Confidence in Dubai South
Samana Developers, a distinguished and award-winning real estate developer based in Dubai, is pleased to announce the exceptional sell-out of its latest residential masterpiece, Samana Hills South, within a remarkable 90 minutes of its official launch. This AED 400 million development exemplifies Samana Developers' unwavering commitment to pioneering resort-style residential communities that meet robust market demand. Strategically positioned within Dubai South, near the rapidly expanding Al Maktoum International Airport, Samana Hills South features 510 exquisitely designed studios, 1, and 2-bedroom apartments, all boasting elegant finishes and competitively priced from AED 570,000. Residents are afforded an unparalleled lifestyle, with access to over 30 resort-style amenities, including an outdoor cinema, wellness lounge, dedicated kids' play area, and an aqua gym & spa. Offering flexible payment plans and substantial return on investment (ROI) potential, Samana Hills South represents a compelling opportunity for both discerning homeowners and astute investors. 'The extraordinary demand for Samana Hills South, achieving a full sell-out in just 90 minutes, is a powerful testament to the robust confidence investors and homeowners place in Dubai's dynamic real estate market and our strategic vision,' stated Imran Farooq, CEO of Samana Developers . 'Our decision to develop in Dubai South is unequivocally anchored by its undeniable potential as the epicentre of future growth. With Al Maktoum International Airport poised to become the world's largest, capable of managing 260 million passengers annually, and the imminent creation of 500,000 new jobs alongside the ongoing development of Expo City, this district is experiencing unprecedented expansion.' Samana Developers' robust portfolio, exceeding AED 17 billion and commanding a 4.4% market share, underscores its unwavering dedication to strategic growth and innovation. The successful introduction of 12 new projects in 2024, including the globally acclaimed Samana Ocean Views Interiors by Elie Saab, highlights the developer's expansive vision and diverse offerings. Properties are meticulously chosen for their strategic locations, offering compelling opportunities for capital appreciation and attractive rental yields for both discerning end-users and astute investors. Samana Developers consistently receives accolades for its commitment to unparalleled quality and pioneering innovation within the real estate sector. About SAMANA Developers: SAMANA Developers, an award-winning real estate developer based in Dubai with growing international portfolio. With a focus on creating sustainable and elegant living spaces, SAMANA Developers has seamlessly delivered a wide range of residential and commercial projects climbing to the top seven highest off-plan sellers in 2024. Known for their innovative designs, premium amenities, and prime locations, SAMANA Developers' projects have set new standards in the UAE real estate market. The company's dedication to excellence has earned them a reputation for delivering exceptional value and investment opportunities with more than 1,300 units handed over and 11,000 units under construction. SAMANA has scooped multiple esteemed awards for pioneering concepts, innovative designs, and sustainability.


Mid East Info
10 hours ago
- Mid East Info
Al Mal Capital REIT Announces Follow-on Public Offering and 3.75% dividend for H1 2025 - Middle East Business News and Information
Dubai, UAE: Al Mal Capital REIT AMC REIT the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and institutional investors, to subscribe to new units in its closed ended Real Estate Investment Trust (REIT) through a follow-on public offering (FPO). The FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED 1.1, increasing the issued capital of the Fund from AED513,889,872 up to AED 733,889,872. The raise will be used to expand the REIT's portfolio of income generating real estate assets carefully selected from secure growth sectors, including healthcare, education and mission-critical industrial assets. The subscription period will run from 7 July to 25 July 2025, with trading of the new units expected to commence on the Dubai Financial Market (DFM) around 8 August 2025, subject to regulatory and market approvals. Al Mal Capital REIT has a proven and stable track record having delivered a 7% return since 2023. It continues to target ongoing returns of c.+7%i for investors. In line with this performance, the REIT is also announcing a cash dividend of AED 0.0375 per unit for the interim period ending 30 June 2025, representing an annualized yield of 7.5%. To receive this dividend, investors must purchase units no later than 24 June 2025, as only unitholders on record as of 26 June 2025 will be eligible. Commenting on the FPO Naser Al Nabulsi, Vice Chairman and CEO at Al Mal Capital said: 'There is a growing investor appetite for Regional REITs as shown by recent offerings on the DFM that saw record-breaking retail participation, especially in the UAE. We are therefore pleased that we can offer more investors a chance to access Al Mal Capital REIT, the first REIT listed on the DFM, which continues to deliver strong and consistent dividends. Our focus on resilient real estate sectors which offer sustainable and recurring income based on secure cashflow and long-term demand, will be very attractive for both institutional and retail buyers.' Al Mal Capital REIT is managed by an experienced and respected investment team with a strong track record in managing income-generating commercial real estate assets. AMC REIT benefits from a robust SCA regulated REIT framework, and oversight from an experienced committee, which qualifies opportunities, oversees and ensures the fund's compliance with regulatory standards. The FPO is open to UAE and GCC retail and institutional investors. A priority allocation will be available to subscribers who already hold units in AMC REIT, and whose names appear in the register of unitholders as of 26th June 2025 (the 'Record Date'). These investors will be allocated units equal to approximately +39% of their current holdings, ensuring their ownership remains undiluted following the capital increase. A secondary allocation of unsubscribed units, after completion of the priority allocation, will have a Minimum Guaranteed Allocation (MGA) of up to 2,000 units per eligible new subscriber, subject to request and availability. Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that is currently invested in a diversified portfolio of income generating real estate assets in the UAE, based on secure long-term lease agreements with a strong credit profile. The Fund gives UAE and GCC investors access to an asset class with long-term fundamentals, based on a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets. General Information on the Fund and the Offering • Fund Name: Al Mal Capital REIT • Fund Address: Office 901, 48 Burj Gate, Sheikh Zayed Road, Dubai, United Arab Emirates • Regulatory Authority: Securities and Commodities Authority (SCA) – United Arab Emirates Fund Overview: Al Mal Capital REIT is a public real estate investment fund with closed-ended capital. The Fund is licensed by the SCA and is governed by Federal Law No. (4) of 2000 regarding the Emirates Securities and Commodities Authority and Market. The Fund is also subject to the Chairman of the SCA's Decision No. (1/R.M) of 2023 concerning the regulation of investment funds (the 'Investment Funds Regulation') and the administrative decision No. (8/R.T) of 2023 approving the annexes associated with the Investment Funds Regulation, along with all other relevant laws, regulations, and resolutions applicable in the UAE. The primary objective of the Fund is to invest in a portfolio of income-generating real estate assets. The Fund's investments are primarily focused within the United Arab Emirates, with the option to invest in other GCC countries or internationally. However, the Fund's real estate assets located outside the UAE—whether in the GCC or elsewhere—must not exceed 25% of the Fund's total assets. The Fund is managed by the Fund Manager and does not have its own independent board of directors or employees. All investments of the Fund are subject to prior approval by the Investment and Oversight Committee, which is appointed by the Fund Manager and consists of at least five experts. Current Fund Capital (Nominal Value): AED 513,889,872 Fund Net Asset Value (NAV) as of 31 May 2025: AED 577,048,612 NAV per Unit as of 31 May 2025: AED 1.1229 Subscription Cost per Unit: AED 1.125, consisting of: • Issue Price per unit: AED 1.000 nominal • Issue Premium per unit: AED 0.100 • Issue Fee: AED 0.025 (incl. VAT) Current Number of Units: 513,889,872 Number of New Units: 200,000,000 (target) or up to 220,000,000 (if Green Shoe Option is exercised) Listing Venue: Dubai Financial Market (DFM) FPO Key Dates: • Announcement Date: 23 June 2025 • Subscription Period: 7 July – 25 July 2025 • Expected Trading of New Units: 8 August 2025


Mid East Info
10 hours ago
- Mid East Info
World's first MANSORY Residences launched with Amaal in Dubai - Middle East Business News and Information
Amaal , the visionary Emirati-founded real estate developer, has officially launched its landmark partnership with automotive design icon MANSORY to co-create the MANSORY Residences, an ultra-luxury residential tower in Dubai. This collaboration marks MANSORY's first global venture into real estate and architectural design, introducing a new chapter for this renowned brand within the world of high-end living. Valued at AED 1.8 billion, the project reflects both design ambition and market demand for collectable, design-led properties. Set within Mohammed Bin Rashid City as part of the prestigious Meydan Horizon masterplan, MANSORY Residences will stand tall across 48 floors with a total built-up area of almost 142,800 sqm, offering an exclusive blend of MANSORY's signature design elements in its interiors from the lobby and bespoke amenities, to VIP parking experiences. The residences will range from one- to three-bedroom layouts and 8 full-floor penthouse residences. The project is currently in advanced design planning and is scheduled for completion in Q4 2028. 'This partnership marks a bold step forward in redefining the standards of luxury living in the UAE,' said Abdulla Lahej, Chairman of Amaal. 'By partnering with MANSORY, we are bringing a living experience that truly resonates with today's high-net-worth buyers. Dubai's luxury property market continues to thrive, with $1.9 billion in sales recorded in Q1 2025 alone, and MANSORY Residences will meet this growing demand for design-led, collectable real estate. This is just the beginning of an exciting journey, and we look forward to unveiling what's to come.' Designed in collaboration with MANSORY, the interiors merge high-performance aesthetics with elevated residential comfort. Precision detailing and sculptural forms evoke the fluid lines of luxury vehicles, while layered lighting and bespoke material choices, including leather-wrapped furnishings, brushed metals, and custom wood finishes, create a distinct sensory experience. Kitchens integrate concealed mechanisms for streamlined functionality, and bedrooms are shaped by upholstered accents and refined textures. The result is a uniquely crafted space that blends innovation, elegance, and the high standard of MANSORY's design philosophy. Kourosh Mansory, Founder of MANSORY , commented: 'This project represents a milestone for our brand. Collaborating with Amaal allows us to bring our signature design philosophy into a new space shaped by their approach to luxury. It's where engineering excellence meets artful living; a softer, residential expression of the bold, distinctive craftsmanship that has defined MANSORY for decades. Our shared vision is to deliver an elevated lifestyle where every detail, from materials to ambience, reflects precision craftsmanship and individuality. This project will set a new global benchmark for bespoke living in one of the world's most dynamic cities.' Amaal and MANSORY have created a suite of world-class amenities across three levels, designed to offer residents a lifestyle of comfort, wellness, and high-performance living. A curated selection of premium retail outlets brings convenience to residents' doorsteps. They can access padel courts and mini golf experiences, indoor and outdoor gyms, a yoga studio, separate spa areas for men and women, two infinity pools, an indoor cinema, and dedicated play areas for children. Community zones include exclusive MANSORY lounges, a spacious terrace, creative workspaces, an outdoor multipurpose area, restaurants, and multiple open-air dining zones. The development also includes eight floors of dedicated parking amenities, with two floors reserved for VIP, showroom-style display, and an integrated car elevator ensures seamless access. Exclusive vehicle well-keeping services offer owners peace of mind and pristine care for their prized cars, adding to the automotive-inspired luxury lifestyle. For the modern homeowner, MANSORY Residences will integrate advanced smart home and automation technologies throughout the tower. Residents will benefit from seamless control over lighting, climate, security, and even parking, designed to enhance convenience, energy efficiency, and daily living. Beyond the architecture, MANSORY Residences merges design innovation, elite collaboration, and timeless value into a single address. With the UAE now home to 130,500 dollar millionaires and ranked as the 14th largest wealth market globally, real estate remains a preferred vehicle for wealth preservation. For discerning investors, MANSORY Residences is both a lifestyle asset and a future-proof investment. About Amaal: Amaal is an innovative real estate developer powered by the expertise of Ayana Holding. With a commitment to redefining modern living in the UAE, Amaal focuses on crafting residential masterpieces that blend sophistication with modern elegance. Led by Chairman Abdulla Lahej, the company leverages innovative designs, sustainable building practices, and the latest technological advancements to create unique, vibrant communities. Amaal is dedicated to exceeding the expectations of investors and residents alike, setting new benchmarks in the luxury real estate market. About MANSORY: MANSORY is a world-renowned leader in high-end vehicle individualisation, specialising in the refinement and customisation of luxury automobiles. Founded in 1989 by Kourosh Mansory, the company draws on a deep passion for tradition, craftsmanship, and sophisticated technology, initially focusing on iconic British brands such as Rolls-Royce, Bentley, and Aston Martin. Today, MANSORY's expertise extends to the individualisation of prestigious marques including Porsche, Lotus, Maserati, BMW, Mercedes-Benz, McLaren, Lamborghini, and Ferrari. With headquarters in Brand, Germany, and a global presence that includes a flagship showroom and workshop in Dubai, MANSORY offers a comprehensive range of services-from complete vehicle conversions and carbon aerodynamic components to ultra-light aluminium rims, powerful engine upgrades, and bespoke interior fittings. The exclusive 'MANSORY Bespoke' programme enables the creation of unique, tailor-made vehicles, fulfilling the most discerning automotive desires of its clientele.