Sobha Siniya Island development maintains luxury focus with villas priced up to Dh30 million.
Dubai: Umm Al Quwain is set to join the property boom sweeping the Northern Emirates, following in the footsteps of Ras Al Khaimah and Sharjah, which have become hotspots for real estate investments. To make its mark, Umm Al Quwain is aiming to become a key destination for real estate with its island developments.
This is where the ‘Sobha Siniya Island’ comes into play. A project by Sobha Realty and Umm Al Quwain Properties, the first phase of the development will cover 17 million square feet. The initial homes released are priced in the luxury range, and Sobha is one of the major Dubai-based developers bringing their expertise to the region.
“Since Sobha Siniya Island is an island destination with plenty of waterfront living, the prices of the properties reflect that,” said Francis Alfred, Managing Director of Sobha Realty. “While UAQ is still new for freehold investments, the development will justify the prices.”
The island is just 45-60 minutes away from Dubai Airport, which is another unique advantage for investors and future residents.
Rising Popularity of the Northern Emirates:
The Northern Emirates are experiencing a real estate and construction boost. Ras Al Khaimah, in particular, has benefited from a hospitality boom, and property values in the secondary market have seen significant increases over the past year.
Investors from both the UAE and overseas, particularly those looking for second homes, are driving the demand for off-plan properties in these areas.
Now, Umm Al Quwain is looking to capture attention as well. Sobha has priced apartments starting from Dh1.15 million, while villas are priced between Dh10.5 million and Dh30 million or more.
The masterplan for Siniya Island is still being developed, but there’s already a bridge connecting the island to the UAE mainland, which will make construction easier and provide better access for future residents.
Sobha plans to complete Phase 1 by December 2027. “We are using only 40% of the available land for real estate, which will include 7,000 homes, two hotels, and a mall,” Alfred said. “The rest of the land will remain open for green spaces.”
Sobha acquired the land for the project in 2016-17 but waited until the UAE’s real estate boom took off in 2022 to move forward with the development. Now, it’s time for the Northern Emirates to join the growing trend.
Luxury and Low-Density Living:
Property analysts say that Sobha’s pricing strategy promises investors a low-density residential area with all the luxury amenities. The island will feature a golf course, a marina with extensive berthing, and much more once the masterplan is finalized.
“Developers like Sobha in UAQ and Aldar in RAK are offering luxury homes, with a limited number of units available,” said an estate agent. “This is exactly what high-net-worth investors are looking for, especially those interested in second homes or weekend getaways.”
As for Phase 2 of Sobha Siniya Island, Alfred says, “That’s for the future. Our current focus is on completing Phase 1 by December 2027.”
