Property News · April 27, 2016

Umm Al Quwain signs on Sobha Group to build Dh25bn tourist resort on Al Sinniyah Island


The government of Umm Al Quwain has signed a joint venture with Sobha Group to build a Dh25 billion tourism resort on Al Sinniyah Island. The development, known as Firdous Sobha, will cover a 53 million square feet site on the island, which is 1.2 kilometres from the shoreline. A bridge will be built from the island to the mainland and will be linked to existing highways. The resort will contain a minimum of four to five resorts and hotels plus an 18-hole golf course, a separate three-par course and an academy, said P N C Menon, Sobha Group’s chairman. It will also house boutique retail units, two villa communities, low-rise flats and a marina. A series of man-made canals and lagoons will also be created around the site, with accompanying boardwalks. The partners will each have a 50-50 stake in the joint venture, and it will be developed in phases. However, detailed plans for the resort have yet to be drawn up. Mr Menon said that a company is likely to be appointed to handle the master planning within the next two months, and that detailed designs will be ready in six to nine months. He expects that ground will be broken on site within a year and that the first phase will be completed within three years. Sobha Group will handle the construction. Speaking at a signing ceremony at the Umm Al Quwain Marine Club, the emirate’s Crown Prince Sheikh Rashid bin Saud, said: “We are targeting eco-tourism rather than high-rise buildings. We want to have this island-friendly feeling to the emirate.”He said that the project is in line with the emirate’s vision of transforming Umm Al Quwain into an active tourism and commercial destination. Ecological zones will be built on site to protect natural mangroves and indigenous wildlife species, including deer.mfahy@thenational.aeFollow The National’s Business section on Twitter

Source : thenational.ae
Read more…Umm Al Quwain signs on Sobha Group to build Dh25bn tourist resort on Al Sinniyah Island

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