Samana Developers has introduced its latest residential project, Samana Portofino, valued at AED250 million ($68 million), in Dubai Production City. The project spans 259,501 square feet and comprises 226 apartments. Samana Portofino stands out for its Italian-inspired architecture, private pools in each apartment, and a payment plan spanning eight years, with prices starting at AED669,000 ($182,144). This launch marks the ninth of 12 projects slated for release in 2023 by Samana Developers. The development is expected to be handed over in March 2026 and offers a range of amenities, including pools, sports facilities, outdoor spaces, and recreational areas.
Dubai-based developer Emaar Properties is in discussions with Saudi Arabia's housing ministry to create mixed-use developments in the kingdom. Emaar's founder, Mohammed Alabbar, highlighted the potential project's size, indicating it could involve a substantial 4,000-unit housing development.
Dubai's real estate sector witnessed a significant sales increase during the summer season, with AED 102 billion ($27.8 billion) in sales, according to data from W Capital. The summer sales figure represents a 50% increase compared to the same period...