Shams Residences
About Shams Residences
(sq. ft.)
Shams Residences is a modern seven-storey residential complex located on the coastal strip of Maryam Island in Sharjah. The project is being developed by Eagle Hills and is tentatively scheduled for completion in the second quarter of 2023.
The complex will consist of 59 residential units, including studios, one- to three-bedroom apartments, and four-bedroom penthouses. Properties range in size from 32 sq. m (348 sq. ft) to 150 sq. m (1,622 sq. ft), and the price per square metre starts at AED 1,333 (USD 360). The minimum price for a furnished studio is AED 463,888 (USD 125,250).
*The price is valid for 2021
Residents can enjoy a variety of amenities, including:
- Ample parking
- High-speed elevators
- 24-hour security with video surveillance
- Gym
- Swimming pool
- Children’s playground
- Landscaped park
Property Information
- Location Maryam Island, Sharjah, UAE
- Status of Project In progress
- Type of Project Studios & Apartments & Penthouses
- Units 1-4BR
- Area from 348 sq. ft.
Location
Shams Residences is located along Maryam Island Boulevard and is adjacent to Corniche Road, which provides easy access to other parts of the city.
Residents can choose from a wide selection of nearby restaurants that serve delicious cuisines from around the world. Al Afadhil, Russian Traditions, Pizza Hut Al Taawun, Sumo Sushi & Bento, and Fish Corner are very popular among locals and visitors and can be reached within a 10-minute drive of the complex. For groceries, Dayfresh Supermarket is located within a five-minute walk.
Residents can take advantage of educational facilities situated within a five-minute drive of the residences, such as Exeed School of Business and Finance, Victoria International School, Eton Business School, Time Gymnastics, and College of Westford University. The University of Sharjah can be reached within 15 kilometres.
For medical care, residents can go to Specialised Hospital W. Wilson, Oriana Hospital, Euro Arabian Hospital, and the New Life Medical Centre, which are situated within three-kilometres of the apartments.
The nearest financial institutions can be reached within three minutes of the complex, such as Axis Bank Limited, Sharjah Islamic Bank, United Arab Bank, and Dubai Islamic Bank. The Sharjah International Airport can be reached within a 30-minute drive.
Payback
Maryam Island is an excellent place to invest in the local real estate market. Properties have a return on investment rate that ranges from 6% to 9%. Given the ever-growing demand for real estate in the area, return rates are expected to increase in the coming years, which would allow for payback periods of 10 to 12 years.
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