Sobha Group, Umm Al Quwain to build $6.8bn island resort

The Government of Umm Al Quwain and UAE real estate developer Sobha Group are to build an AED25 billion ($6.8 billion) resort development on an island off Umm Al Quwain, the parties announced this week. The scheme, named ‘Firdous Sobha’, comprises a luxury seafront villa community, hotels and resorts, apartments, boutique shops, an 18-hole golf…