Page 159 - SOBHA REALTY PR REPORT - JULY 2024

Sobha Realty signed an agreement with Umm Al Quwain Properties to develop
this private waterfront neighbourhood that expects to a destination for luxury
home buyers.

PNC Menon, chairman and founder of Sobha Group and Sheikh Mansour bin
Ibrahim Al Mualla, managing director of Umm Al Quwain Properties, signed the
mega project agreement at Al Diwan Al Amiri in the presence of Sheikh Rashid
bin Saud bin Rashid Al Mualla, Crown Prince of Umm Al Quwain.

The project cost, the number of residential units and other details have not been
revealed.

The Crown Prince said Al Siniya Island would not only provide residents with a
luxurious and tranquil lifestyle but also highlight the rich biodiversity and historical
significance. “We look forward to the completion of this seminal project, which is
poised to enhance the prosperity of our community,” he said, reiterating the
government’s dedication to fostering sustainable developments that enable it to
preserve natural heritage while promoting ubiquitous growth. This collaboration
between Umm Al Quwain government and Sobha Realty to develop Siniya Island

exemplifies the government’s efforts and vision to integrate modern amenities
into Umm Al Quwain’s pristine natural environment, said Sheikh Rashid.

Menon, underlining the iconic project’s importance in redefining standards in the
luxury real estate market while promising a distinctive and serene lifestyle for its
residents, said developing a project of such magnitude marks a remarkable
milestone in his group’s journey, highlighting its steadfast dedication to
innovation, sustainability and luxury. “By collaborating with the Umm Al Quwain
government, we seek to transform this natural sanctuary into an uber-luxury
destination offering an unparalleled living experience. Our goal is to develop
Sobha Siniya Island as a testament to the seamless blend of modern luxury with
the island’s rich biodiversity and historical heritage. We are honoured to
collaborate with Umm Al Quwain government on this luxury project,” Menon
added.

Ravi Menon, co-chairman of Sobha Group, said Sobha Siniya Island is poised to
offer residents a unique lifestyle amidst the natural beauty of Umm Al Quwain.
“The project will combine luxury living with the peaceful environment of the
island, surrounded by tranquil blue waters of the Arabian Gulf, and lush, non-
polluted landscapes. Siniya Island presents an exceptional opportunity for
residents to enjoy a luxurious lifestyle with modern amenities and efficient
solutions. Sobha Siniya Island is a testament to Sobha Realty’s commitment
towards innovation and sustainable development that preserves and nurtures the
local habitat.”

https://www.msn.com/en-ae/money/news/aq-s-sobha-siniya-island-set-to-redefine-luxury-
living/ar-BB1q18Hn?ocid=BingNewsSerp