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Dubai developer faces Dh100m rise in costs

Khaleej Times

April 17, 2026

The surge in construction material prices triggered by the Middle East military conflict is costing Samana Developers an additional Dh100 million, according to its chief executive.

- Waheed Abbas

In an interview with Khaleej Times, CEO Imran Farooq said contractors are now facing significantly higher input costs, forcing developers to aggressively compete to secure limited supplies.

Despite the pressure, he confirmed that all company projects remain on schedule, with six developments set for delivery this year.

"In 2026, Samana Santorini will be the first handover, followed by six other projects this year. Construction remains on track across all 48 projects, and we have no delays," Farooq said, adding that more than 1,300 units have already been delivered to date.

This story is from the April 17, 2026 edition of Khaleej Times.

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