Foreign investors drive Dubai's growth: 86% of Samana Developers' sales attributed to international buyers
This remarkable trend at Samana Developers mirrors the broader economic narrative of the UAE. According to the latest report by the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) flows into the country surged to Dh167 billion ($45 billion) last year, marking a substantial 48 per cent increase compared to the previous year. Within this vibrant landscape, data from the Dubai FDI Monitor highlights that real estate alone contributed a significant 14% of the total estimated FDI capital flows into Dubai in 2024, solidifying its role as a key driver for the city's economic expansion.
The dominant nationalities among Samana Developers' foreign buyers include investors from India, UK, Egypt, and Syria, reflecting Dubai's widespread appeal as a stable and lucrative investment destination.
The surge in international investment comes amidst a flourishing real estate market in Dubai. The residential sector, in particular, witnessed strong performance in the first quarter of 2025, recording approximately 42,000 sales transactions valued at Dh114.4 billion. This represents a substantial year-on-year increase of 23.1% in volume and 29.6% in value. Property Finder's data further corroborates this vigor, reporting 45,474 transactions totalling Dh142.7 billion in Q1 2025, marking a 22% increase in volume and a 30% surge in value compared to Q1 2024. Monthly figures underscore this momentum, with May 2025 witnessing a historic Dh66.8 billion in sales across 18,700 deals, a 44% year-on-year value surge. The commercial office market has mirrored this strength, with sales transactions increasing by 23.7% year-on-year and values soaring by 83.1% in Q1 2025.
Imran Farooq, CEO of Samana Developers, stated: "The fact that 86% of our sales come from foreign buyers is a powerful testament to the global trust and confidence in Dubai's economy and its real estate sector. This directly translates into significant Foreign Direct Investment, reinforcing Dubai's position as a leading global hub for business and lifestyle. The latest market data, with residential transactions soaring by nearly 30% and commercial values by over 83% in Q1 2025, validates the robust and attractive environment we offer to international investors seeking high returns and unparalleled stability."
With a portfolio exceeding Dh17 billion and a 4.4% market share, Samana Developers demonstrates a clear dedication to growth and innovation. The successful launch of an impressive 12 new projects in 2024, including their latest global launch of Samana Ocean Views Interiors by Elie Saab, showcases their commitment to expanding their offerings. Their strategically located properties appeal to both end-users and investors, offering compelling opportunities for capital appreciation and healthy rental yields.
Samana Developers has consistently been recognised for its dedication to quality and innovation in the real estate sector. The recent launch of the Happiness Centre further solidifies the company's devotion to not only constructing exceptional homes but also cultivating a community of satisfied and loyal homeowners, setting a new benchmark for customer service in the region's real estate industry.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Jobs boost as the United Kingdom (UK) and Kenya bolster economic and security partnership
Trade and investment deals agreed during the visit will contribute over £1bn to the UK economy and create UK jobs in engineering, defence industries, technical and advisory services, and financial services The UK and Kenya will also increase collaboration to tackle organised crime, human trafficking and illicit finance through the UK-Kenya Security Compact The UK and Kenya will commit to a new Strategic Partnership as Kenyan President Ruto visits London The UK and Kenya will commit to working together to drive economic growth, protect climate and nature, foster collaboration in science and technology and strengthen regional security. During a visit to the UK by the President of Kenya, a pipeline of trade and investment deals worth over £1bn to the UK economy were agreed which will deliver on this government's commitment to boost jobs and prosperity back in the UK, as part of the government's Plan for Change. This includes the launch of a tender for a major urban redevelopment project in Nairobi which has been inspired by the regeneration of London's Kings Cross. The Nairobi Railway City project has already provided opportunities to UK businesses with British architecture firm Atkins UK chosen to design the central rail station and public square. The Government of Kenya is exploring funding the project through finance mobilised by the UK's Export Credit Agency, UK Export Finance, which will create UK jobs in engineering, technical and legal services. Both countries also agreed stronger cooperation to disrupt the air, land and sea routes used by organised crime groups to prevent illegal migrants transiting through Kenya in attempts to reach Libya and other countries before travelling on to Europe. Four of the top ten countries for Small Boat arrivals in the UK are near neighbours of Kenya (Eritrea, Sudan, Somalia and Ethiopia). Foreign Secretary, David Lammy, said: "Through our shared history and values the UK and Kenya have always had a close connection." "Now we are building a shared future; a modern, innovative and respectful partnership which is delivering real benefits – boosting growth and creating jobs for both Kenyans and the British people. We're going far, together." The UK and Kenya have also committed to increased defence and counter terrorism collaboration, including joint training and the creation of a new counter insurgency, terrorism and stability operations centre. Defence sales worth over £70m were agreed during the visit supporting manufacturing jobs in County Durham, Northamptonshire and Surrey. Kenya hosts the UK's most significant military footprint in Africa, including a facility that trains 3,000 UK troops a year. The UK's world leading financial services sector will also benefit; Lloyd's of London will announce today that they will be joining the Nairobi International Finance Centre, which will deepen the partnership between two leading financial centres providing access to up to £500m of insurance market potential in Kenya and the East Africa region. The two countries also committed to explore the potential of a bilateral digital trade agreement. Dubbed 'Silicon Savannah', the value of Kenya's tech sector is projected to reach £11.5bn by 2032. A digital trade agreement will open up opportunities in the sector for UK Plc. Distributed by APO Group on behalf of United Kingdom Foreign, Commonwealth and Development Office.
Arabian Business
2 hours ago
- Arabian Business
Kuwait introduces tax rules, expects $820m in revenue
The Kuwait Ministry of Finance has issued a landmark decree introducing executive regulations for taxing multinational enterprise (MNE) groups — marking a major step in the country's economic reform agenda and commitment to diversifying income beyond oil revenues. The decree (No. 55 of 2025) implements Law No. 157 of 2024, which brings Kuwait in line with the OECD's Pillar Two global minimum tax framework through the introduction of a Domestic Minimum Top-up Tax (DMTT). According to the Ministry, the new regulation clarifies legal provisions, outlines implementation mechanisms, and enhances transparency in accordance with international best practices. New Kuwait tax rules The Ministry said the move aligns with Kuwait Vision 2035, which aims to build a more diversified and resilient economy. Finance Minister and Minister of State for Economic and Investment Affairs, Eng. Nora AlFusam, said the regulation is pivotal for creating a fair investment environment and enhancing tax justice. She added that expected annual revenues from the tax could reach around KD250m ($820m), helping build a resilient and sustainable economy. The Ministry of Finance will organise a series of awareness workshops to help explain the new tax law and its executive regulations to relevant stakeholders, ensuring smooth implementation and full compliance. The tax applies specifically to large multinational groups operating in Kuwait, in accordance with global tax fairness principles outlined by the Organisation for Economic Cooperation and Development (OECD).
Arabian Business
2 hours ago
- Arabian Business
Dubai Airshow 2025 opens registration with new night events, runway networking, and focus on innovation
Dubai Airshow has officially opened registration for its 19th edition, set to take place from November 17 to 21 at Dubai World Central. The event is set to be the most innovative and future-focused yet, featuring first-of-its-kind experiences including night-time programming, runway networking events, and a strengthened focus on sustainability and talent development. According to the International Air Transport Association (IATA), the aviation sector currently contributes $92bn to the UAE's GDP — equivalent to 18.2 per cent — with the Middle East's commercial aircraft fleet expected to grow at a rate of 5.1 per cent annually over the next decade. Dubai Airshow 2025 Major General Dr. Mubarak Saeed bin Ghafan Al Jabri, Executive Director of the Military Committee organising Dubai Airshow, said the event offers a platform to highlight the UAE's growing leadership in the aviation and defence sectors. He said: 'With the industry evolving rapidly, the Ministry of Defence remains committed to advancing innovation and building the capabilities that will define the future of the military sector. Supporting and empowering the next generation of talent is central to this vision, ensuring the UAE remains at the forefront of global progress'. Key new features include: Runway networking event at SkyDive Dubai: A first-of-its-kind gathering of top aviation figures, featuring drone shows, skydiving performances, live music, and premium hospitality Night-time programming: For the first time, the show will extend into the evening on Day 2, with activities continuing until 9pm, including aircraft viewing, receptions, and drone displays under the stars Sustainability focus: Demonstrating industry-wide commitment to environmentally efficient technologies and greener aviation solutions Dubai Airshow 2025 will continue to showcase global aviation, aerospace, and defence innovation through a series of dedicated platforms, including: VISTA: The region's leading hub for aviation and space start-ups NextGen Leaders programme: Aimed at inspiring and mentoring emerging aviation talent The Academy: A newly launched initiative to equip youth with skills for future industry careers Aerospace Executive Club: Private discussions among senior industry decision-makers AI-powered matchmaking system: Streamlining networking across thousands of delegates through the official app Timothy Hawes, Managing Director of Informa Markets, said: 'Dubai Airshow has always been centred on driving the aviation and defence sectors forward. He noted that the 2025 edition will be the most comprehensive and future-focused to date, bringing global industry players together through purposeful and unprecedented events that create more room for networking, showcasing pioneering technologies, and supporting the region's ambitious growth strategies.' Skyview, the only platform of its kind in the UAE, will return for the 2025 edition, offering more than 15,000 public visitors exclusive access to live flying displays, interactive activities, and family-friendly entertainment over the five-day event. The Airshow will once again be co-hosted by the UAE Ministry of Defence, Dubai Civil Aviation Authority, and the Government of Dubai, reinforcing its global reputation as a premier platform for aerospace collaboration.
