Wafaa bin Moussa

Quick background

Dubai-based luxury real estate developer Samana is considering listing its shares on the Dubai Financial Market, Bloomberg reported this week, citing CEO Imran Farooq.

According to what Farouk told Bloomberg, the company is likely to offer a stake of between 15 and 25% in an initial public offering by the end of 2026, depending on investor demand and market conditions at the time.

Six companies in the real estate sector are traded on the Dubai Financial Market.

So what do we know about the company?

(According to official data and media reports)

- It was founded in 2017 and launched its first projects in 2018, and the number has reached 30 projects.

- It operates in Dubai, but its clients are from several Arab and regional countries.

- Its market share is approximately 4%.

- Sales for the current year are expected to rise by 39% to AED 7.1 billion ($1.9 billion), from AED 5.1 billion in 2024, supported by investors from Europe, Egypt, Lebanon and Turkey.

What about the real estate sector?

According to a report issued by Engel & Völkers Middle East, a brokerage firm specializing in luxury residential and commercial real estate, in October , residential property sales in Dubai rose by 22.7% in the third quarter of 2025 on an annual basis, while the value of commercial sales increased by 31% for the same period.

As for the luxury real estate sector in Dubai, the strong performance continued in the third quarter of the year, with 1,388 transactions recorded, each exceeding AED 10 million in value, representing the second strongest quarterly performance ever, according to the same report.

(Prepared by: Wafaa Ben Moussa, Edited by: Shaimaa Hefzy, Reviewed before publication by: Yasmine Saleh, Contact: zawya.arabic@lseg.com)

#Economic News

To subscribe to our weekly report covering economic news developments, register here.