Page 131 - SOBHA REALTY PR REPORT - NOVEMBER 2024

The Sobha Siniya Island is connected to the mainland via a bridge that is around 1.2 km in length.
The current development spreads across 1.5 square kilometres of land area, with lagoons of over
5.0 kilometres in length. “As a mixed-use development of residential – apartments, villas,
mansions, and two luxury resorts that is ideal for community living --- it will feature parks, shopping
malls, educational institutions, public and private beaches, water sports centres, a golf course, as
well as marinas and a yacht club. In addition, most of the residential units will be located over
water, with a stunning coastline spanning at least 12 kilometres,” says Alfred.

The development will also feature two clubhouses, one for the villas and another one for the rest of
the community.

The Sobha official said apartments are priced from $300,000, an exceptional entry price for luxury
real estate investors. Villas starting with four bedrooms are priced from $2.88 million and have been
well-received by clients. “Although we do not position ourselves as an affordable luxury brand, we
always strive to ensure that we offer our clients fairly priced properties,” Alfred said.

“We received an overwhelmingly positive response from clients after the initial launch of 200
apartments and 200 villas, followed by four more launches. So far, the development has attracted a
diverse client pool encompassing Emiratis, Indians, British, Americans, Russians, and French
nationals,” said Alfred.

Last year, Sobha Realty achieved $ 4.24 billion in sales transactions in Dubai, and this year we
anticipate over $ 5 billion in gross output.
Overall, the developer has around 40 million sq. ft of projects under construction, which is around
22,000 units. Similarly, Alfred said 20 million sq. ft of developments are currently in the design
phase, impacting its gross output.

https://www.khaleejtimes.com/business/realty/sobhas-5b-natural-island-project-set-to-draw-
25000-residents-transform-uaq