In pictures: Sharjah's $735m real estate projects
Three real estate projects worth a total of $735m have been announced in Sharjah, developed as a joint venture between Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi-based Eagle Hills
The $653m (AED2.4bn) mixed-use Maryam Island, will be located between Al Khan Lagoon and Al Mamzar in Downtown Sharjah. Maryam Island will comprise low-rise buildings that do not exceed eight floors, featuring 1,890 luxury apartments and villas. Maryam Island will be home to premium five- and four-star hotels featuring more than 600 hotel rooms, with 100 restaurants, cafes and retail outlets spread along the waterfront. Kalba Waterfront is a master-planned retail development which will have a gross floor area of 17,000sqm and a gross leasing area of 11,200sqm. Palace Al Khan is a waterfront resort with a $33m (AED120m) five-star seaside hotel extending over 66,300sqm. Palace Al Khan will offer 87 hotel keys, two two-bedroom units, nine one-bedroom units, and 76 studios. The $44m (AED160m) Kalba Waterfront will include a mall with 86 retail outlets.