Samana Developers Announces $272M Lakeside Residential Project | Kanebridge News
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Samana Developers Announces $272M Lakeside Residential Project

Samana Developers has unveiled a new $272 million real estate venture in Dubai Production City, named Samana Lake Views.

Tue, Apr 30, 2024 10:55amGrey Clock 2 min

This AED1 billion project represents a significant portion of their planned AED12.5 billion investment in UAE real estate for the year. Nestled beside Samana lake, the development spans a 794,000 square foot plot and will feature twin towers with a total of 1,006 residential units, including studios, and one and two-bedroom apartments.

The anticipated completion date for this luxurious residential project is October 2027. It aims to offer a superior lifestyle with promising returns on investment for investors, homeowners, and end-users.

Imran Farooq, CEO of Samana Developers, emphasized that this project marks a new phase of innovative design, particularly with its proximity to waterfront developments, meeting investor demand for resort-style living at accessible prices.

Samana Lake Views is notable for including private pools in each apartment and integrating smart home technology. The two-bedroom apartments will also feature maid’s rooms.

Additional amenities include kids’ pools, leisure pool decks, barbecue areas, lazy rivers, basketball and table tennis courts, cabana and shower areas, indoor and outdoor aquatic gyms, relaxation zones, bonfires, a kids’ splash pad, a virtual reality golfing facility, an outdoor cinema, and a trampoline park.

Highlighting the financial benefits, Farooq pointed out the property’s high potential for rental income and capital appreciation, attracting investors globally including from the US, Europe, GCC, and Asia.

The complex offers flexible payment options, including an eight-year payment plan and a five-year post-handover plan, with and an option of 1% or 0.5% monthly instalments. With starting prices of AED639,000 ($178,000), the project also promises an attractive 8% return on investment.



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

MOST POPULAR

Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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