Latest news with #Oqood
Khaleej Times
15-07-2025
- Business
- Khaleej Times
Samana Developers becomes fifth highest off-plan seller in Dubai
Samana Developers, an award-winning real estate developer based in Dubai, has announced its ranking as the fifth highest off-plan seller in volume for the first half of 2025, according to Property Monitor and Oqood. This achievement reflects a period of unprecedented growth, record-breaking sales, and a robust pipeline of new projects, firmly establishing Samana Developers as a leading force in Dubai's thriving real estate market. Samana Developers has demonstrated an extraordinary trajectory in recent years. The company achieved a staggering 600 per cent growth in 2023 and secured a 2.8 per cent market share in off-plan sales during the same year. This rapid expansion propelled Samana into the esteemed ranks of Dubai's top seven developers in 2024, where it now commands a noteworthy 4.4 per cent market share in off-plan sales and manages a substantial portfolio valued at over Dh17 billion. June 2025 marked a historic milestone for Samana Developers, with best-ever monthly sales reaching an unprecedented Dh1.1 billion. This outstanding performance contributes to a robust 40 per cent growth in sales for the first half of the year compared to the previous year, solidifying Samana's position as the fifth among top property developers in off-plan sales for H1 2025 in Dubai. A significant factor in this success is the strong international demand, with 86 per cent of Samana Developers' sales attributed to foreign investors, further highlighting Dubai's enduring appeal as a secure and high-growth investment destination. Samana Developers launched 12 new projects in 2024 alone. Building on this momentum, the company has set an ambitious target to launch 18 projects by the end of 2025, adding eight more than their target for 2024. Samana Developers has already delivered four projects to date and plans to hand over an additional four by the close of 2025, further solidifying its reputation for timely delivery and quality construction. Commenting on this achievement, Imran Farooq, CEO of Samana Developers stated: "Our exceptional growth, including a 40 per cent increase in sales in H1 2025, is a direct reflection of Dubai's robust and expanding real estate market. The latest data indicates that the overall Dubai residential sales, combining villas and apartments, have risen by 38 per cent in value in the first half of 2025 compared to the same period last year, reaching Dh 262.7 billion. This strong market performance, fuelled by sustained investor confidence and a growing population, provides an ideal environment for our strategic expansion and commitment to delivering high-quality, innovative projects." Samana Developers has become widely regarded for its pioneering approach to "resort-style living." Their developments consistently feature an array of luxurious amenities, including private swimming pools in many units, expansive green spaces, state-of-the-art fitness centres, and tranquil terraces. This focus on creating immersive, vacation-like residential experiences sets Samana apart, offering residents an unparalleled blend of comfort, wellness, and sophistication within an urban setting.
Zawya
14-07-2025
- Business
- Zawya
Samana Developers ascends to 5th highest off-plan seller in Dubai, bolstered by record-breaking sales and ambitious expansion
DUBAI, UAE – Samana Developers, an award-winning real estate developer based in Dubai, is proud to announce its ranking as the 5th highest off-plan seller in volume for the first half of 2025, according to Property Monitor and Oqood. This impressive achievement reflects a period of unprecedented growth, record-breaking sales, and a robust pipeline of new projects, firmly establishing Samana Developers as a leading force in Dubai's thriving real estate market. Ascending the Ranks: Rapid Growth and Market Share Samana Developers has demonstrated an extraordinary trajectory in recent years. The company achieved a staggering 600% growth in 2023 and secured a 2.8% market share in off-plan sales during the same year. This rapid expansion propelled Samana into the esteemed ranks of Dubai's top seven developers in 2024, where it now commands a noteworthy 4.4% market share in off-plan sales and manages a substantial portfolio valued at over AED 17 billion. Record-Breaking Sales Performance June 2025 marked a historic milestone for Samana Developers, with best-ever monthly sales reaching an unprecedented AED 1.1 billion. This outstanding performance contributes to a robust 40% growth in sales for the first half of the year compared to the previous year, solidifying Samana's position as the 5th among top property developers in off-plan sales for H1 2025 in Dubai. A significant factor in this success is the strong international demand, with 86% of Samana Developers' sales attributed to foreign investors, further highlighting Dubai's enduring appeal as a secure and high-growth investment destination. Ambitious Project Pipeline and Timely Deliveries Samana Developers launched 12 new projects in 2024 alone. Building on this momentum, the company has set an ambitious target to launch 18 projects by the end of 2025, adding 8 more than their target for 2024. Samana Developers has already delivered four projects to date and plans to hand over an additional four by the close of 2025, further solidifying its reputation for timely delivery and quality construction. Commenting on this achievement, Imran Farooq, CEO of Samana Developers, stated: "Our exceptional growth, including a 40% increase in sales in H1 2025, is a direct reflection of Dubai's robust and expanding real estate market. The latest data indicates that the overall Dubai residential sales, combining villas and apartments, have risen by 38% in value in the first half of 2025 compared to the same period last year, reaching AED 262.7 billion. This strong market performance, fuelled by sustained investor confidence and a growing population, provides an ideal environment for our strategic expansion and commitment to delivering high-quality, innovative projects." Resort-Style Living: A Differentiating Factor Samana Developers has become widely regarded for its pioneering approach to "resort-style living." Their developments consistently feature an array of luxurious amenities, including private swimming pools in many units, expansive green spaces, state-of-the-art fitness centres, and tranquil terraces. This focus on creating immersive, vacation-like residential experiences sets Samana apart, offering residents an unparalleled blend of comfort, wellness, and sophistication within an urban setting. 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 10,000 units under construction. SAMANA has scooped multiple esteemed awards for pioneering concepts, innovative designs, and sustainability.
Entrepreneur
14-07-2025
- Business
- Entrepreneur
Samana Developers Becomes Fifth Highest Off-Plan Seller in Dubai
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Dubai-based real estate developer Samana Developers has risen to the fifth position in off-plan seller volume for the first half of 2025, according to Property Monitor and Oqood. The milestone comes in the wake of a period of unprecedented growth, record-breaking sales, and new projects. The company achieved 600% growth in 2023 and secured a 2.8% market share in off-plan sales during the same year. This expansion propelled Samana into Dubai's top seven developers in 2024, where it now commands 4.4% market share in off-plan sales and manages a portfolio valued at over AED 17 billion. Image courtesy Samana Developers In June 2025, Samana Developers recorded its best-ever monthly sales reaching a value of AED1.1 billion. This performance contributed towards 40% growth in sales for the first half of the year compared to the previous year, solidifying Samana's position as the 5th among top property developers in off-plan sales for H1 2025 in Dubai. A significant factor in this success is the strong international demand, with 86% of Samana Developers' sales attributed to foreign investors, further highlighting Dubai's enduring appeal as a secure and high-growth investment destination. Samana Developers launched 12 new projects in 2024 alone. Building on this momentum, the company has set a target to launch 18 projects by the end of 2025- eight more than their target for 2024. Samana Developers has already delivered four projects to date and plans to hand over an additional four by the close of 2025, further solidifying its reputation for timely delivery and quality construction. Image courtesy Samana Developers "Our exceptional growth, including a 40% increase in sales in H1 2025, is a direct reflection of Dubai's robust and expanding real estate market," Imran Farooq, CEO of Samana Developers, said in a statement. "The latest data indicates that the overall Dubai residential sales, combining villas and apartments, have risen by 38% in value in the first half of 2025 compared to the same period last year, reaching AED 262.7 billion. This strong market performance, fuelled by sustained investor confidence and a growing population, provides an ideal environment for our strategic expansion and commitment to delivering high-quality, innovative projects." Related: Samana Developers Clinches AED1.1 Billion in Sales in June 2025
Zawya
03-07-2025
- Business
- Zawya
Dubai's Samana sales top $300mln in June as residential demand soars
Dubai-based Samana Developers notched off-plan sales worth 1.1 billion UAE dirhams ($299.48 million) in June 2025, a new high since its inception, amid a surge in demand for residential projects. The company launched eight projects in the first half of 2025, CEO Imran Farooq said in a statement. Almost 86 percent of sales are to foreign investors, he said. Dubai's residential real estate market recorded 42,000 sales transactions valued at AED 114.4 billion in the first quarter of 2025, the statement said. The emirate registered a year-on-year increase of 23.1% in volume and 29.6% in value. 'Our expansion into commercial office spaces has supported our rise as the No. 5 developer by Oqood at the end of the first half,' he added. Samana's property portfolio exceeding 17 billion UAE dirhams spans across Dubai South, Majan, and Barari. The company, which launched 12 projects in 2024, claims a market share of 4.4 percent. (Writing by P Deol; Editing by Anoop Menon) (
The National
13-06-2025
- Business
- The National
UAE Property: ‘Is a ready unit better for investment or off-plan?'
Question: I'm considering buying a second property in Dubai. Is it better to go for a ready unit or an off-plan property as an investment? There are so many options, I could do with some advice. CP, Dubai Answer: Both ready and off-plan properties can be excellent investments. The right choice depends on your risk tolerance, timeframe and cash flow requirements. If your priority is immediate rental income, then a ready property is the better option. You can start earning from day one and the transaction process is straightforward. You also have full visibility of the condition, layout and location of the unit. This is often preferred by first-time or cautious investors. On the other hand, off-plan properties tend to offer better entry prices and more flexible payment plans. Developers frequently launch units at favourable market values to attract early investors. If you're looking for capital appreciation and are comfortable waiting three to four years for the handover, this route can be quite lucrative. However, keep in mind the risks of project delays and market fluctuations. Regardless of which path you take, you should always research the developer's track record. Even if the builder is not a UAE-based developer, check out what they have handed over in their home country. Ensure the development is approved by the Real Estate Regulatory Agency, registered in Oqood and has an escrow account opened in the project's name. Lastly, evaluate the neighbourhood's long-term potential, not just current returns. It is more beneficial to enter a project that is in a neighbourhood with great potential rather than an area that is already established. Look for things that will add value in the long term, such as transport links, Metro, road extensions and amenities. Diversification across different asset types, some ready, some off-plan, can also be a great strategy, especially as Dubai's property market continues to mature. Q: I've been collecting references to support my position that a new landlord cannot use the old landlord's eviction notice (which was given for the reason of selling) to rent the property to another tenant at a higher rate. Can you point me in the direction of some cases that were won in favour of this position, or to any legal advisers who have experience with similar cases? NG, Dubai A: Unfortunately, I do not have access to such documented cases. However, I would like to offer my opinion. Previously, a new landlord could not use an old landlord's eviction notice. But recently judges at the Rental Dispute Settlement Committee have changed their stance on this and now allow the eviction notice to be transferable. However, a landlord is not allowed to evict a tenant to re-let the property to somebody else. The new landlord should offer the outgoing tenant the right to move back in, and only if the tenant refuses to do so can the former go on to let the property to someone else. It's important to note that the tenant should confirm in a notarised document that they do not wish to move back in. Once this document is available, the landlord is free to let it to someone else at the market rate.
