Rehan Residences

TL;DR: Rehan Residences by Eagle Hills is a contemporary residential mid-rise on Maryam Island, Sharjah — the emirate's first luxury waterfront freehold development. A G+P+9 building with 162 apartments, it offers studios from AED 443,888, 1-bedrooms from AED 673,888, and 2-bedrooms from AED 980,888, with completion targeted for Q3 2026. Part of the AED 4.5 billion, 18-building Maryam Island masterplan developed jointly by Eagle Hills and Shurooq (Sharjah Investment and Development Authority). The project sold out entirely, reflecting extraordinary demand for Sharjah's first foreign freehold ownership destination under Law No. 2 of 2022.

Overview

Rehan Residences is a highly vibrant, contemporary residential development masterminded by Eagle Hills Sharjah — a strategic joint venture between Eagle Hills (the Abu Dhabi-based private real estate investment and development company chaired by Mohamed Ali Alabbar, the visionary founder of Emaar Properties and the developer behind the Burj Khalifa and Dubai Mall) and Shurooq (the Sharjah Investment and Development Authority). Strategically located within the deeply established, rapidly expanding Maryam Island master community — Sharjah's first truly luxury waterfront development and the emirate's first freehold address available to all nationalities — this elegant mid-rise building (G+P+9 Floors) is currently in its active construction phase with a highly anticipated handover targeted for Q3 2026 (September 2026). The project was listed as completely sold out on PropertyFinder, confirming the extraordinary market demand for quality waterfront living in Sharjah's emerging freehold market.

Building Structure & Unit Mix

Rehan Residences houses an exclusive collection of 162 thoughtfully designed residential apartments distributed across 9 residential floors above ground level and podium parking. The unit mix comprises studios (393–462 sq. ft.), 1-bedroom apartments (710–922 sq. ft.), 2-bedroom apartments (1,030–1,521 sq. ft.), and 3-bedroom apartments (1,357–1,425 sq. ft.). The overall range spans from 393 to 1,425 sq. ft., with every unit designed to maximize natural light through double-glazed windows with powder-coated aluminum frames. Interior finishes include porcelain tile flooring throughout, gypsum ceilings in bathrooms, kitchens, and corridors, plaster-painted cemented ceilings in living areas and bedrooms, MR MDF panel kitchen cabinets with laminated finishes, reconstituted quartz countertops, and porcelain kitchen backsplashes — specifications that confirm a premium build quality at an accessible price point.

Pricing & Payment Plans

Rehan Residences offers one of the most competitive entry points in the UAE waterfront residential market. Studios start from AED 443,888, 1-bedrooms from AED 673,888, 2-bedrooms from AED 980,888, and 3-bedrooms from approximately AED 1,300,000. Eagle Hills provides two payment plan structures differentiated by unit type: studios follow a 50/50 plan (50% during construction, 50% upon completion/handover), while 1-bedroom, 2-bedroom, and 3-bedroom units follow a 30/70 plan (10% at booking, 20% during construction, 70% upon handover). The 70% handover component of the larger units provides exceptional leverage for investors who can secure mortgage financing at completion, minimizing upfront cash requirements during the construction period.

Amenities & Lifestyle

Rehan Residences provides a solid suite of premium amenities within the building itself, including a private temperature-controlled swimming pool with separate adult and children's sections, a fully equipped modern gymnasium, lush podium landscapes with landscaped vegetation and greenery, a barbecue area, children's play areas, covered parking, elevators, 24/7 security with CCTV in common areas, central air-conditioning, and professional maintenance services.

However, the true amenity proposition of Rehan Residences lies in its seamless integration into the broader Maryam Island community infrastructure. Residents have immediate, walkable access to a massive 4,000 sq. m. community park featuring walking and jogging trails, a basketball court, children's playground, and an abundance of green spaces. The island's 800–900-meter seaside promenade — brimming with cafes, restaurants, dining options, retail outlets, and a traditional souq — serves as the social and commercial heart of the community, creating a waterfront lifestyle that draws direct comparisons to Dubai's Bluewaters Island in its low-rise luxury character. Direct beach access, four- and five-star hotel components, resort and spa facilities, and a fitness club further elevate the Maryam Island living experience.

Maryam Island Masterplan

Maryam Island is a landmark AED 4.5 billion waterfront master-planned community spanning 3.3 million sq. ft. (approximately 1.7 million sq. m.) across the Al Khan and Al Mamzar coastline in Sharjah. Jointly developed by Eagle Hills and Shurooq, the masterplan encompasses 18 residential buildings delivering 3,500+ homes across 24 distinct residential communities. The development has progressed through multiple phases: Phase 1 (Maryam Beach Residence — Cyan, Azure, Sapphire, Indigo: 688 units, completed and handed over), Phase 2 (Maryam Gate Residences — Noor, Nada, Naseem, Shams, Sama, Sahab: 389 units), Phase 3 (Rimal Residences: 203 units, handed over Q3 2024), Phase 4 (Jawaher Residences 1 & 2: 198 units, completed Q4 2025), Phase 5 (Crystal Residences: 234 units, completed Q4 2025), and subsequent phases including Mesk, Aysha, Rehan, Oud, Anbar, Topaz, Citrine, Layla, and Gem through 2026–2028. The masterplan includes a 900-meter waterfront promenade with dining and retail, four- and five-star hotel components, resort and spa facilities, marina elements, and extensive landscaped public spaces. Sheikha Bodour Al Qasimi personally inspected the island's construction progress in May 2023, underscoring its strategic importance to Sharjah's development vision. In H1 2025, 138 units sold across Maryam Island totaling AED 220 million, confirming sustained market absorption.

Freehold Ownership for Foreigners

Maryam Island holds historic significance as one of the designated areas where foreign nationals can acquire absolute freehold ownership in Sharjah under Law No. 2 of 2022, issued by Sultan Bin Mohammed Al Qasimi, Ruler of Sharjah. Prior to this landmark legislation (issued October 27, 2022), foreign ownership in Sharjah was limited to usufruct rights (maximum 100 years), and non-UAE/GCC nationals could not own freehold property. The law now grants 100% ownership rights including the right to sell, lease, or pass property to heirs, with no UAE residency requirement for purchase. Properties valued at AED 2 million or more (unmortgaged) qualify buyers for the UAE's 10-year Golden Visa, with proof issued by SRERD (Sharjah Real Estate Registration Department).

Views

Depending on unit orientation and floor level, Rehan Residences offers views of the Arabian Gulf, Al Mamzar Beach, the Al Khan Lagoon, dramatic sunset panoramas (west-facing units), and landscaped community/park views from internal-facing lower floors. The waterfront setting ensures that a significant proportion of units enjoy uninterrupted sea views, a premium positioning that drives both lifestyle appeal and rental income potential.

Location & Connectivity

Maryam Island's position in Al Khan, Sharjah, provides exceptional dual-emirate connectivity. The Expo Centre Sharjah is 4–7 minutes away, Sharjah Aquarium is 7–12 minutes, Al Arab Mall is 8 minutes, Dubai International Airport (DXB) is just 10–15 minutes by car, Sheikh Zayed Road (E11) is 10 minutes, Sharjah International Airport is 20 minutes, the University of Sharjah is 20 minutes, and Downtown Dubai is approximately 25 minutes. This proximity to Dubai — at a fraction of Dubai's waterfront property prices — has been a primary driver of investor demand, particularly for tenants who work in Dubai but prefer Sharjah's more affordable, family-friendly lifestyle.

Developer Profile

Eagle Hills was founded in 2014 in Abu Dhabi under the chairmanship of Mohamed Ali Alabbar — one of the most influential figures in global real estate, who also founded and chairs Emaar Properties (developer of the Burj Khalifa, Dubai Mall, Downtown Dubai, and Dubai Creek Harbour). Eagle Hills has rapidly expanded into a major international real estate investment and development company with projects spanning 17+ countries. The portfolio includes Belgrade Waterfront in Serbia (EUR 12+ billion), Rabat Square in Morocco, La Gare in Addis Ababa (Ethiopia), Ramhan Island in Abu Dhabi, the Bvlgari Resort & Mansions Abu Dhabi, Mandarin Oriental in Oman, and Grand Budapest in Hungary. A USD 6.5 billion term sheet for two landmark masterplans in Georgia and a USD 1.6 billion project with Saudi Arabia's PIF (co-developed with Emaar) further demonstrate the company's global scale and institutional credibility.

Investment Potential

Rehan Residences presents a compelling investment opportunity at the intersection of Sharjah's newly opened freehold market and one of the UAE's most dynamic waterfront masterplans. Maryam Island delivers average rental yields of 5.5–8%, with studios and 1-bedroom apartments generating the strongest returns due to robust expat tenant demand. Average prices per square foot have increased 15% year-over-year (H1 2025), confirming strong capital appreciation momentum. Indicative annual rents based on Savills market data range from AED 30,000–45,000 for studios, AED 50,000–65,000 for 1-bedrooms, AED 75,000–85,000 for 2-bedrooms, and AED 110,000–120,000 for 3-bedrooms, with the island-wide average at approximately AED 82,000 per year. The significant price discount versus comparable Dubai waterfront destinations — combined with the 10–15-minute proximity to DXB airport and 25-minute drive to Downtown Dubai — positions Maryam Island as one of the UAE's highest-value waterfront investment corridors.