Dubai's Samana Real Estate Development plans to tap into Islamic debt markets for the first time, joining a growing list of real estate firms seeking to capitalize on the emirate's longest property boom. The company intends to issue sukuk worth approximately $300 million by the end of the first quarter of 2026, according to CEO Imran Farook, as reported by Bloomberg. The proceeds will be used to purchase land in prime locations and along the coastline, enabling the company to scale up its luxury home projects. The Chairman of the Board explained that Samana is working with Emirates NBD, Dubai Islamic Bank, and Standard Chartered to arrange the planned sale.
