By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Arabian NewsThe Arabian NewsThe Arabian News
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Reading: Sobha’s $5B Natural Island Project to Attract 25,000 Residents to UAQ
Share
The Arabian NewsThe Arabian News
  • Politics
  • Pursuits
  • Business
  • Technology
  • Home
  • Business
  • Exclusive
  • Technology
  • Wellness
  • Real Estate
  • Contact
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
The Arabian News > World > Sobha’s $5B Natural Island Project to Attract 25,000 Residents to UAQ
World

Sobha’s $5B Natural Island Project to Attract 25,000 Residents to UAQ

admin
SHARE

The first phase of Sobha Siniya Island, a $5 billion luxury project on one of the largest natural islands in the UAE, aims to accommodate over 25,000 residents across 8,000 units when finished.

Contents
Transforming UAQ with Nature and LuxuryFast-Tracked Luxury Living Amid NatureCommunity Amenities and PricingStrong Sales and Future Growth

Francis Alfred, managing director of Sobha Realty, shared that this “one-of-a-kind iconic development” near the Umm Al Quwain coast will set a new standard for blending luxury with nature while creating high-quality residential and commercial spaces.

Transforming UAQ with Nature and Luxury

“The Siniya Island is a hidden gem with a rich natural heritage that we want to showcase to the world through Sobha Siniya, a collaboration with Umm Al Quwain Properties. This development will transform UAQ, attracting better-quality projects and improving residents’ quality of life,” said Alfred.

Work on the link bridge to the island is nearly complete, and dredging has begun to create boat mooring villas and marinas. Infrastructure work is set to start this quarter, with construction anticipated to begin in the second quarter of 2025.

Fast-Tracked Luxury Living Amid Nature

Phase one of the project focuses on luxury island living surrounded by a diverse array of plants and wildlife native to the island. It is expected to be finished in two years, by December 2027.

“We can achieve such a quick turnaround thanks to Sobha Realty’s unique integrated model, which boosts efficiency throughout the design, engineering, and construction phases. Our skilled in-house teams are already hard at work on Sobha Siniya Island,” he added.

The Sobha Siniya Island will be linked to the mainland by a 1.2-kilometer bridge. The current development covers 1.5 square kilometers, featuring lagoons extending over 5 kilometers. “As a mixed-use development, it will include residential apartments, villas, mansions, and two luxury resorts, designed for community living. It will have parks, shopping centers, schools, beaches, water sports facilities, a golf course, as well as marinas and a yacht club. Most residential units will be over water, with a breathtaking coastline of at least 12 kilometers,” Alfred explained.

Community Amenities and Pricing

The project will also have two clubhouses: one for villa residents and another for the broader community.

According to Alfred, apartment prices start at $300,000, which is a great entry point for luxury real estate investors. Four-bedroom villas start at $2.88 million and have received positive feedback from clients. “While we don’t market ourselves as an affordable luxury brand, we aim to offer our clients reasonably priced properties,” he noted.

“We have received a very positive response from clients after launching 200 apartments and 200 villas, followed by four more launches. So far, the development has attracted a diverse group of clients, including Emiratis, Indians, British, Americans, Russians, and French nationals,” Alfred stated.

Strong Sales and Future Growth

Last year, Sobha Realty reported $4.24 billion in sales transactions in Dubai and expects to exceed $5 billion this year.

The developer currently has around 40 million square feet of projects underway, which includes about 22,000 units. Alfred mentioned that another 20 million square feet of developments are in the design phase, significantly impacting future output.

You Might Also Like

200 Dead in 48 Hours: Israel’s Attacks on Gaza Intensify

Trump ‘Caved’ to Canada on the Digital Services Tax, the White House Says

UAE stands in solidarity with US, offers condolences on wildfire victims

Kuwait Court Acquits 26 in High-Profile Visa Scam Case

Lunar New Year: Colorful Festive Celebrations Over Diverse Asia Cultures

TAGGED:World
Share This Article
Facebook Twitter Email Print
Previous Article Grief and Shock in Barja: Israeli Strikes Turn Refugee Shelter into Graveyard
Next Article Biden Assures ‘Peaceful and Orderly’ Power Transfer to Trump

Popular News

Trump Declares Ceasefire ‘In Effect’ Despite Violations in Iran-Israel Conflict
Exclusive
The late Emirati philanthropist Mohammed Ibrahim Obaidallah is honoured by Sheikh Mohammed.
Exclusive
US Dollar Crashes: What’s Next for Greenback as It Hits Multi-Year Low?
Business
Following a crisis, Qatar Airways restores service and returns 58,000 passengers home
World

Recent News

  • 34 Are Killed by Israeli Forces in Gaza as Ceasefire Momentum Increases
  • Qatar Airways Increases Routes to Lebanon and Jordan and Resumes Flights to Iraq and Syria
  • Following a brief pause, Air Arabia has resumed flights from Sharjah to Damascus
  • Boost Fracturing Services in UAE Oilfields with Adnoc Drilling’s $800 million deal
  • UAE-India Airfares Drop to “Unusually Low Levels” After July 8, Say Travel Agents
The Arabian News

Quick Links

  • Home
  • Business
  • Real Estate
  • Contact

Featured Categories

  • Real Estate
  • Wellness
  • Politics
  • Economics

Find Us on Socials

© 2024 The Arabian News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?