1 Bedroom Sea View Apartment at Sobha Siniya Island, 22.4% Below OP

Property Overview

This one-bedroom off-plan apartment at Sobha Siniya Island, Umm Al Quwain, is offered as a distress resale at AED 960,000 against an agent-stated original purchase price of AED 1,237,000, a saving of AED 277,000 or 22.4% below OP. The unit measures 515 sq ft, approximately AED 1,864 per sq ft, and has a waterfront sea view.

Property Highlights

• Property type: Apartment
• Bedrooms: 1
• Built-up area: 515 sq ft
• Asking price: AED 960,000
• Original purchase price: AED 1,237,000 (agent-stated)
• Saving vs OP: AED 277,000 (22.4%)
• Price per sq ft: approx. AED 1,864 (calculated)
• View: Waterfront sea view (agent-stated)
• Developer: Sobha Realty

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 1,237,000 and an asking price of AED 960,000. The difference is AED 277,000, matching the agent's stated saving, which equals 22.4% of the original price.

Calculation

• AED 1,237,000 minus AED 960,000 = AED 277,000
• AED 277,000 / AED 1,237,000 = 22.4% below OP
• AED 960,000 / 515 sq ft = approx. AED 1,864 per sq ft

The original price comes from the agent's resale brief. DPF has not reviewed the seller's SPA.

About the Project, Developer and Community

Sobha Siniya Island is a master-planned island development by Sobha Realty in Umm Al Quwain. Published project information shows several residential buildings released in phases, including beachfront and marina-facing residences, with the development currently under construction.

Siniyah Island lies off the Umm Al Quwain coast and is known for its natural mangroves and coastline. The Sobha development is planned around beaches, marina areas and waterfront living.

Layout and View

The agent confirms a one-bedroom layout of 515 sq ft with a waterfront sea view. The specific building, floor, bathroom count and parking allocation were not supplied and should be confirmed from the SPA and floor plan.

Payment Plan and Handover

The agent brief did not include the building name, payment plan, amount paid or handover date. Completion timing varies by building within the development, so buyers should confirm the building, remaining balance, instalment schedule, handover date and Sobha's resale NOC requirements against the seller's SPA.

Location and Connectivity

Siniyah Island is reached via Umm Al Quwain's coastal road network, with connections along Emirates Road and Sheikh Mohammed Bin Zayed Road towards Sharjah, Ajman and Dubai. Travel times depend on traffic and the island's final access arrangements.

Verification Notes

• Agent-supplied facts: project, one bedroom, 515 sq ft BUA, OP AED 1,237,000, asking price AED 960,000, stated saving of AED 277,000 and waterfront sea view.
• Calculated by DPF: savings percentage and price per sq ft.
• External project research: developer, phased multi-building layout and community context.
• Not supplied: building name, floor, bathrooms, parking, amount paid, payment plan, handover date and service charge.