
UAE-based real estate developer Sobha Group and the government of Umm Al Quwain have signed an equal stake joint venture to develop an AED25bn ($6.8bn) tourism resort on Al Sinniyah Island.
The project, called Firdous Sobha, will feature a luxury seafront villa community, hotels and resorts, apartments, boutique shops, an 18-hole golf course, a water sports centre and a wellness spa.
Located on Al Seniyah Island, along with Khor al-Beidah, the development will cover a total land area of 53m sq ft.
Sobha’s Group founder and chairman PNC Menon said: "Our latest project announcement represents our commitment to the UAE.
"In line with our aim to fully leverage the opportunities present in this highly dynamic market, we have partnered with Umm Al Quwain Government, and are jointly to transform the island into a world class destination and a hot spot for iconic properties.
"By combining our capabilities and expertise, we are confident ‘Firdous Sobha’ will be a proud testament to our commitment to quality."