Samana to invest $680mn into 12 new projects in 2023 ...United Arab Emirates

Samana Developers intends to launch 12 new projects in 2023 at a total investment of US $680mn. The Dubai-based developer said the projects include six residential developments and five-star hotels. Elaborating on its plans for the year, the developer said it has six residential design concepts phased up for the first half, and is primed to expand into the hospitality sector with a set of five-star hotels. Once complete, the projects will add a total of 2,400 new units onto the market. The firm said it is currently picking up the most suitable locations and recruiting talent with the aim to have a team that’s four times larger in 2023. “2022 remained bullish for us as we set a new trend in t

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