Samana Developers has broken ground on its first real estate project – Samana Greens, with an offer of 7 per cent discount for buyers who make payments through cryptocurrency. The project will come up at Arjan.
The Dh75 million Samana Greens will deliver 131 residential units comprising studio to 2-bedroom apartments. Construction is scheduled to start this month and will be completed in April 2020.
Property buyers will be able to make transactions using the developer’s digital currency channel.
Imran Farooq, CEO of Samana Group of Companies, said: “Samana Greens will be based on green building concepts. Customers can choose their preferred mode of payments – be it cash, cheque, credit card, home finance, bank transfer of cryptocurrency.”
The project will be fully financed by Samana Developers. Once construction starts, Samana Developers will announce the pricing and payment plan.
In September, the Aston Plaza and Residences development in Dubai Science Park began offering off-plan studios and one- and two-bedroom units starting from around 30, 50 and 70 bitcoin, respectively.
MAG Lifestyle Development said it is ready to accept payments in Islamic cryptocurrencies, including OneGramCoin. The developer also announced in December 2017 a 5 per cent discount for “digital” buyers in any of its eight current real estate projects.