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Property Details
Property TypeApartment
TenureFreeholdStatusUnder Construction
Completion Date2024-10-15Features
SecurityCCTVSwimming PoolSaunaGymParkingClub HouseReceptionSiniya Island: A Unique and Exclusive Opportunity
Siniya Island is a prime and strategic location, ideal for vacations or year-round living. Situated on a natural island in the emirate of Umm Al Quwain, this luxury residential project, developed in collaboration with the Sheikh of Umm Al Quwain, reflects his personal vision. The island is a true natural sanctuary, where you can witness majestic flamingos and sea turtles thriving in their habitat. Additionally, the island’s fine sandy beaches offer an exceptional setting for relaxation in perfect harmony with nature. The project is designed to preserve the island's unique ecosystem, ensuring that the local flora and fauna remain undisturbed, providing an immersive natural experience combined with ultimate comfort.
Proximity to World-Class Attractions
Just 5 minutes by boat from Al Marjan Island, where the world's largest casino, developed by Wynn and famous for its iconic Las Vegas properties, is set to rise, Siniya Island offers a remarkable strategic advantage. This project is at the heart of a unique real estate and tourism development in the UAE, ensuring increasing demand and continued appreciation.
High-End Infrastructure
Developed by Sobha, one of Dubai's most prestigious developers, known for its luxury projects, Siniya Island guarantees exceptional construction quality. Sobha is one of the few developers that controls the entire production chain, from design to material manufacturing, ensuring strict quality control at every stage. This vertical integration places them among the top leaders in luxury real estate in the UAE.
Rental Estimates and Yield
Rental estimates on Siniya Island are highly attractive, particularly for short-term rentals via platforms like Airbnb and Booking.com. With a conservative 75% annual occupancy rate, here are the projections:
- 1-bedroom apartment: Nightly rental starting at €120, with 75% occupancy
- 2-bedroom apartment: Nightly rental starting at €180, with 75% occupancy
Exceptional Capital Appreciation Potential
Capital appreciation during construction is expected to be extraordinary, with an annual increase of 12-15% projected until 2028. Once the project is delivered, annual appreciation could reach 10% through 2030. These forecasts are based on an Arabian Business article, which anticipates a 50% increase in real estate prices in the region due to the casino’s opening.
Luxury Resort-Style Amenities
The project will feature amenities on par with a 5-star resort, including a shopping mall, restaurants, retail outlets in each building, an 18-hole golf course, and over 6 km of beaches. Additionally, you can enjoy a 3 km promenade around the marina, yacht docking stations, and an exclusive yacht club. Water taxis will provide quick access to the casino in just 5 minutes, with heli-taxi services available for fast trips to the mainland. Two 5-star hotels and three luxurious clubhouses will complete the development.
Flexible Payment Plan
The payment plan is designed to offer flexibility:
- 20% upon reservation
- 40% during construction
- 40% upon key handover, scheduled for March 2028
- 4% notary fees
Moreover, there is the option to resell before construction is completed, allowing for a quick capital gain.
Highly Competitive Prices
Siniya Island offers the most accessible prices for an island in the UAE, with a range of properties suited to all types of investors:
- 1-bedroom apartments: Starting from 1,100,000 AED (~€275,000)
- 2-bedroom apartments: Starting from 1,440,000 AED (~€360,000)
- 3-bedroom duplexes: Starting from 4,100,000 AED (~€1,025,000)
- 4-bedroom villas: Starting from 10,600,000 AED (~€2.65M)
- 5-bedroom villas: Starting from 16,640,000 AED (~€4.16M)
- 6-bedroom villas: Starting from 23,480,000 AED (~€5.87M)
This exclusive project blends strategic investment with luxurious living in a unique and pristine environment.
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