Samana Developers: A Beacon of Innovation and Excellence in Real Estate
In the bustling landscape of the United Arab Emirates’ real estate market, Samana Developers has emerged as a paragon of innovation, quality, and customer satisfaction. Under the astute leadership of Imran Farooq, the company’s Chief Executive Officer, Samana Developers has transformed the skyline and set new benchmarks in the industry.
Imran Farooq: The Visionary Leader
Imran Farooq’s journey in the real estate sector demonstrates his passion for creating exceptional living spaces. His strategic acumen and innovative approach have been pivotal in propelling Samana Developers to the forefront of the industry. Farooq’s commitment to quality, design, and customer satisfaction has been instrumental in the success of the company’s thirty-one residential and commercial projects. Known for his forward-thinking vision, Farooq has consistently anticipated market trends and introduced groundbreaking concepts.
Samana Developers’ CEO, Imran Farooq, on the Company’s Remarkable Growth, “Our resolute pledge to quality, innovation, and timely delivery has propelled Samana Developers to the forefront of the UAE real estate market. We are thrilled to witness our continuous growth and are excited about the opportunities that lie ahead. Since 2022, we have seen a remarkable surge in off-plan sales, climbing from the 17th rank to the 7th position among the top developers in the UAE. This achievement reflects our dedication to introducing innovative projects that meet the evolving needs of our client clientele.” “In 2023 alone, we recorded a staggering 600% increase in sales, with a total of 1,680 transactions and a sales value of AED 3.2 billion. This year, we have launched six forward-thinking projects and transactions, and forty-five under management, we continue to deliver our promise of providing high-quality housing options. The company has achieved a 4.6% market share in Dubai’s real estate market,” he revealed.
Samana Expansion Plan Aligns with Dubai 2033 Real Estate Strategy
The comprehensive strategy, announced by Sheikh Hamdan on October 1, 2024, aims to boost real estate transactions from AED 649 billion in 2023 to AED 1 trillion by 2033, and to increase its GDP contribution from AED 38 billion to AED 73 billion. These ambitious goals resonate with Samana Developers’ expansion strategy to fostering economic growth and improving the quality of life for all residents, including the key goal of the Dubai 2033 Real Estate Strategy that aims to raise the homeownership rate from 25% to 33%.
Innovation and Diversity: The Cornerstones of Success
Samana Developers’ commitment to innovation is evident in its adoption of the Digital Sales & Purchase Agreement (SPA), a first in the UAE. This digitized system saves clients time and ensures transparency and trust in real estate sales. With its landmark developments, such as enhanced branding initiatives and the establishment of Samana Design Studio offering stylish and modern interior design solutions, further enhancing the company’s portfolio. Samana Developers’ expansion plans align with Dubai’s Real Estate Strategy 2033 by supporting the goal of increasing real estate transactions and GDP contribution. Internationally, Samana Developers has expanded its portfolio with luxurious projects such as Canal Views Interior by Elie Saab, redefining beachfront living.