Anbar Residences

Anbar Residences at Maryam Island — Sharjah's Waterfront Gem With 900m Promenade and Sea View Balconies

TL;DR Snapshot

| Factor | Detail | |--------|--------| | Developer | Eagle Hills | | Location | Maryam Island, Sharjah | | Status | Under Construction — Q3 2026 | | Unit Types | Studio (360–398 sqft), 1BR (660–777 sqft), 2BR (960–1,106 sqft), 3BR (1,260–1,425 sqft) | | Price Range | AED 512K – AED 800K | | Payment Plan | 30% During Construction / 70% On Handover | | Highlight Features | 900m Waterfront Promenade, 4,000 sqm Park, Sea View Balconies | | Island Setting | Maryam Island — artificial island off Sharjah's Al Khan coast | | Investment Thesis | Waterfront island apartments at sub-AED 1M pricing in a maturing Sharjah coastal community |

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Maryam Island: Sharjah's Coastal Statement

Maryam Island is a master-planned artificial island development off the Al Khan coast of Sharjah — the emirate that borders Dubai to the north and that has been undergoing significant residential and hospitality development in its coastal zones over the past decade.

Developed by Eagle Hills (an Abu Dhabi-based international developer with projects across Jordan, Serbia, Morocco, Bahrain, and the UAE), Maryam Island represents Sharjah's most ambitious waterfront residential project — a self-contained island community with its own promenade, parks, retail, and direct Arabian Gulf access.

The island's position off Sharjah's Al Khan area creates a distinctive setting:

• The Al Khan lagoon on one side, the open Arabian Gulf on the other
• The Sharjah cityscape and the Khalid Lagoon visible from the island
• Dubai's distant skyline perceptible from higher floors and elevated positions
• The island's own 900-metre waterfront promenade as the daily lifestyle infrastructure

For buyers and investors accustomed to evaluating Dubai-only real estate, Maryam Island represents a different market — one where AED 512K–800K buys a sea-view waterfront apartment on an artificial island, a price-to-lifestyle ratio that Dubai's coastal market ceased delivering years ago.

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The Sharjah Waterfront Lifestyle Context

Sharjah's eastern coastline along the Arabian Gulf (the Al Khan, Al Majaz, and Khalid Lagoon areas) has been systematically developed as a lifestyle and hospitality destination over the past 15 years. The emirate's government has invested in waterfront promenades, the Sharjah Aquarium, the Sharjah Maritime Museum, Al Khan Beach, and a network of corniche roads and park amenities that give Sharjah's waterfront a liveable, walkable quality.

Maryam Island sits within this maturing coastal ecosystem — positioned to benefit from Sharjah's waterfront infrastructure without requiring residents to access Dubai's more congested and expensive equivalent zones. For families and professionals who work in Sharjah's industrial zones, free zones, or the emirate's growing government and private sector base, Maryam Island provides a genuine waterfront lifestyle address at a fraction of Dubai coastal pricing.

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The 900-Metre Waterfront Promenade: The Community's Spine

The 900-metre promenade is Anbar Residences' defining community amenity — a pedestrian-scale waterfront walkway that runs the length of the island's accessible coastal edge. This is not a decorative path but a functional daily-use infrastructure that:

• Provides a running and walking route of meaningful length (approximately 2 rounds = 3.6km — an adequate running distance for the majority of recreational runners)
• Connects the island's retail and dining hub, community park, and residential buildings along a continuous waterfront edge
• Creates the social infrastructure for community life — the place where residents encounter each other, where children cycle, where couples walk in the cooler evening hours

In the Mediterranean and Adriatic coastal tradition that inspires many UAE waterfront developments, the promenade is where community identity forms. Eagle Hills' 900-metre promenade at Maryam Island is large enough to function as a genuine daily destination rather than a token walkway.

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The 4,000 sqm Community Park

A 4,000 square-metre community park — roughly 0.4 hectares of landscaped green space — within an island development provides:

• Children's play areas integrated within a green environment
• Picnic and gathering zones for resident communities
• Shade-providing mature tree plantings (or planned planting that matures over the first years of residence)
• Open lawn space for children's sports, family games, and community events
• A visual relief from the building-dense character of most mid-rise island developments

For a Sharjah waterfront community at AED 512K–800K pricing, a 4,000 sqm community park is a provision that belongs more naturally to communities at twice or three times this price point. Eagle Hills' inclusion of this scale of green space reflects the developer's intent to deliver lifestyle infrastructure competitive with significantly more expensive Dubai equivalents.

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Sea View Balconies: The Daily Horizon

Each unit at Anbar Residences is designed with sea view balconies — private outdoor spaces facing the Arabian Gulf or the Al Khan Lagoon. This means:

For end-users: morning coffee with a sea horizon view, evening cooling on a private balcony as the Gulf breeze comes in, and the daily psychological benefit of a view that is larger and less urban than most Dubai apartment equivalents at equivalent price points.

For investors: sea view balconies are a documented rental premium driver in Sharjah's waterfront market — units with balconies facing water command AED 5,000–15,000 annual premiums over comparable non-view units in the same building. At AED 512K–800K acquisition, this premium represents 0.6%–2.9% additional gross yield — meaningful at these yield levels.

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Unit Configuration at Anbar Residences

Studios (360–398 sqft) Compact but not cramped — the 360–398 sqft range represents an efficiently designed studio that maximises the use of limited internal space. Sea-view balcony access extends the effective living area and provides outdoor functionality that compensates for the compact internal footprint.

At AED 512K–570K for studios, and with annual rents in Sharjah waterfront communities of AED 30,000–45,000, gross yields of 5.3%–8.8% — competitive with Dubai's mid-market yield environment.

1-Bedroom (660–777 sqft) The 1BR range provides a proper bedroom zone separated from living areas — essential for comfortable day-to-night use and for couples or single professionals who require the psychological separation of a dedicated sleeping space. At 660–777 sqft, the 1BR is generously sized relative to Sharjah's studio-to-1BR market standard.

Annual rents for 1BR waterfront units in Sharjah: AED 40,000–60,000. At AED 600K–700K acquisition, gross yields of 5.7%–10.0%.

2-Bedroom (960–1,106 sqft) Family-capable accommodation at pricing that significantly undercuts Dubai's waterfront 2BR market. A 1,106 sqft 2BR on a waterfront island with sea view balcony at AED 700K–800K would cost AED 2M–3.5M in comparable Dubai coastal developments. The Sharjah discount is real and structural, not temporary.

Annual rents for 2BR waterfront in Sharjah: AED 55,000–75,000. At AED 700K–800K acquisition, gross yields of 6.9%–10.7%.

3-Bedroom (1,260–1,425 sqft) The largest tier — family accommodation that provides three bedrooms, separate living and dining, a full kitchen, and the sea view balcony. At 1,260–1,425 sqft, the 3BR at Anbar Residences is a spacious, liveable family home in an island setting at pricing that most families working in Sharjah's employment centres can genuinely afford.

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Eagle Hills: Developer Profile

Eagle Hills is an Abu Dhabi-based international developer (connected to AABAR Investments, an Abu Dhabi sovereign-affiliated entity) with a project portfolio spanning Jordan (Saraya Aqaba), Morocco (Mohammed VI Polytechnic City component), Bahrain (Marassi Al Bahrain), and Serbia (Belgrade Waterfront). The company's international portfolio demonstrates construction and delivery capability at significant scale across multiple regulatory environments — reducing the developer-specific delivery risk for Anbar Residences relative to smaller local developers.

The Maryam Island project represents Eagle Hills' flagship UAE community investment — the developer's home market statement that mirrors the urban waterfront transformation projects it has executed internationally.

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Payment Plan: 30/70 on Handover

The unique payment structure — 30% during construction and 70% on handover — is back-loaded relative to Dubai norms, providing unusual flexibility for buyers:

• 30% during construction: AED 153,866–240,000 spread over the 2024–2026 construction period
• 70% on handover (Q3 2026): AED 359,021–560,000 — the majority payable through UAE mortgage financing

For UAE-based buyers who can access mortgage financing, the 70% on handover structure allows most of the acquisition to be financed through a bank loan triggered at registration — minimising pre-handover cash commitment and maximising liquidity during the construction phase.

DLD equivalent in Sharjah: the Sharjah Real Estate Registration Authority charges registration fees at lower rates than Dubai's 4% DLD — a cost saving relative to Dubai property acquisition.

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Final Assessment

Anbar Residences at Maryam Island delivers genuine waterfront island living — 900-metre promenade, 4,000 sqm park, sea view balconies, and Arabian Gulf frontage — at AED 512K–800K for studios through 3BR apartments. In the context of comparable Dubai waterfront acquisitions at 3–5x these prices, Maryam Island represents the Sharjah waterfront's most compelling accessible proposition: an Eagle Hills master development with international developer credibility, a completed community infrastructure vision, and a back-loaded 30/70 payment structure that minimises pre-handover capital commitment. For investors who understand that Sharjah's waterfront is not Dubai's waterfront — and that the price difference between them is an arbitrage, not a quality reflection — Anbar Residences at Maryam Island offers one of the UAE's most attractive waterfront yields in the sub-AED 1M acquisition bracket.