Samana Developers Expands into Pakistan Real Estate Market with Key Joint Ventures
Dubai-based real estate developer, Samana Developers, has made significant strides in expanding its presence in the Pakistani real estate market. The company recently signed two joint venture agreements with Defence Housing Authority (DHA) Pakistan during the International Property Show Dubai. These partnerships aim to develop mixed-use residential and commercial projects across various Defence Housing Authorities (DHAs) in Pakistan, with a focus on DHA Islamabad and DHA City Karachi.
A New Era of Luxury Developments in Pakistan
The first agreement was signed between CEO Imran Farooq of Samana Developers and Brigadier Muqeem Ahmed Subhani, Director Joint Ventures Cell at DHA Islamabad. This partnership signifies the start of a new era of luxury developments in Pakistan. The collaboration will explore the potential for transformative projects, including infrastructure developments, entertainment arenas, hospitality hubs, and residential complexes.
Transforming DHA City Karachi
Samana Developers also signed a joint venture agreement with Pakistan Defence Officers Housing Authority City Karachi (DCK) to focus on mixed-use entities within DHA City Karachi. Led by Executive Director Brigadier (Retd) Syed Imran Naqvi of DHA City Karachi, and Imran Farooq, CEO of Samana Developers, this collaboration will evaluate a substantial 7.4-acre land bank in the Healthcare District of DHA City Karachi. The goal is to develop residential and commercial projects that align with DHA City Karachi’s developmental vision.
A Landmark Moment for Samana Developers
Imran Farooq, CEO of Samana Developers, expressed excitement about this significant milestone, stating, “Our entry into Pakistan’s real estate market is a landmark moment. We are eager to contribute our expertise and resources to the development of high-quality projects in Pakistan, starting from Islamabad and Karachi, and setting new benchmarks for quality and innovation.”
Samana Developers envisions these partnerships as catalysts for sustainable urban development in Pakistan. By creating communities that seamlessly blend residential, commercial, and recreational spaces, the company aims to meet the current needs of Pakistani cities while envisioning a future where innovative urban planning contributes to the overall well-being and prosperity of local communities.
As these strategic collaborations progress, Samana Developers remains committed to delivering visionary projects that set new standards for quality, innovation, and sustainable development in Pakistan’s real estate sector. With a reputation for being on time, every time, Samana Developers is poised to bring global standards to the local landscape, further solidifying its position as a key player in the industry.