Samana Real Estate Development aspires to achieve 400% Growth in 2024

Samana Real Estate Development, based in Dubai, expects to achieve a 400% growth in sales by the end of 2024, based on the strong performance it recorded in the first nine months of this year, during which its sales increased by 600% compared to the previous year.

In 2023, the company recorded 1,630 real estate transactions, with total sales amounting to AED 1.59 billion. Commenting on this, the company’s CEO, Imran Farooq, said: “Our unwavering commitment to quality, innovation, and timely delivery is what has brought us to the forefront of the UAE real estate market. We are excited to continue this growth and look forward to promising opportunities in the future.”

Farooq added: “Since 2022, we have seen a significant increase in the sales of our ongoing projects, which helped us advance from the 17th to the 7th position among the top developers in the UAE. This achievement reflects our commitment to providing exceptional residential spaces that meet the changing needs of our customers.”

Prominent Market Position Samana has strengthened its presence in the local real estate market in Dubai with a market share of 4.6%. During his speech at the ceremony, Imran Farooq praised the 2033 real estate sector strategy, confirming that the goals of Dubai Agenda 33, which aim to increase the total value of real estate transactions to AED 1 trillion by 2030, align with Samana's expansionary vision. He expressed his support for efforts to provide affordable housing, enhance transparency, and promote global marketing, which will elevate Dubai’s status as a global real estate destination..

Sustainable Expansion Farooq also pointed out that Samana has a workforce of over 500 employees from 35 nationalities, reflecting the company’s diversity and its ability to continue achieving growth and success. He also revealed the company’s new visual identity, which embodies its future vision and reinforces its commitment to innovation, sustainability, and excellence.

Edited by: Imtilak Global ©