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Samana breaks ground on $27.2m Dubai wellness-themed project
DUBAI, 4 hours, 13 minutes ago Samana Developers today (April 27) broke ground on a AED100-million ($27.2 million) wellness-themed residential project at Dubai Studio City, a free zone designed for film and creative productions. A four-storey project spanning over 210,000 sq ft, Samana Golf Avenue has been distinctly designed with resort and wellness features, and will house 233 apartments. Its key amenities include mini golf, indoor and outdoor gymnasiums, large swimming pool with swim up refreshment area, jacuzzi, children’s play area and pool with plenty of green spaces and water features to create a healthy lifestyle.
Dubai residents continue to enjoy low rents in Q1
Muzaffar Rizvi/Dubai
Photo: Wam
11% year-on-year rental decline gives an opportunity to residents to relocate to better residential facilities.
Tenants in Dubai continued to enjoy low rents during the first quarter of 2021 as it declined by 11 per cent year-on-year basis due to stiff competition in the residential market, latest data showed on Monday.
The first quarter 2021 Dubai real estate review issued by ValuStrat said residential rents were relatively stable when compared to the previous quarter, as it registered less than a per cent decline during the January-March period. The real estate consultancy also noted a 3.9 per cent year-on-year hike in villa rents.
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