Sobha Realty’s latest project, Siniya Island, is a luxury community being developed on one of the UAE's largest natural islands, located just off the coast of Umm Al Quwain. Valued at $5 billion, this project, in partnership with Umm Al Quwain Properties, will welcome over 25,000 residents, highlighting the island’s unique natural environment. Once the first phase is complete, 8,000 residential units will be available, establishing Siniya Island as a key luxury development that also preserves its natural beauty.
Nature and Luxury Combined
Francis Alfred, managing director of Sobha Realty, describes Siniya Island as a unique project that balances luxury with environmental conservation. The goal is to create a high-end living experience while enhancing Umm Al Quwain’s appeal as an upscale destination.
Progress on Infrastructure and Construction
Development on Siniya Island has already begun. A 1.2 km bridge now links the island to the mainland, and dredging work has started to make room for waterfront villas and marinas. Infrastructure work is set to begin shortly, with construction expected to start by the second quarter of 2025. Phase one of the project is anticipated to be completed by December 2027.
A Community with Extensive Amenities
Siniya Island will span 1.5 square kilometers and feature lagoons over 5 kilometers long. The project will include apartments, villas, mansions, and two luxury resorts. Planned amenities include parks, shopping centers, schools, public and private beaches, water sports facilities, a golf course, marinas, and a yacht club. Many residential units will be built over water, offering views along a 12-kilometer coastline.
Residential Options and Pricing
Siniya Island offers various luxury housing options. Apartments start at $300,000, making them attractive to luxury real estate investors, while four-bedroom villas begin at $2.88 million and have already seen strong interest. Although Sobha Realty focuses on premium properties, Alfred emphasized that the prices are competitive within the luxury market.
Global Clientele and High Demand
The project has drawn interest from clients worldwide, including Emirati, Indian, British, American, Russian, and French buyers. After launching 200 apartments and 200 villas, Sobha Realty received a positive response, leading to four additional property launches.
Sobha Realty’s Growth and Ambition
In 2023, Sobha Realty achieved $4.24 billion in sales in Dubai, with a target of exceeding $5 billion in 2024. The company currently has around 40 million square feet of active construction, totaling approximately 22,000 units, with an additional 20 million square feet in the design phase. Sobha Realty’s unique "backward integrated model," which involves in-house teams overseeing design, engineering, and construction, allows for faster project completion and ensures high quality.
