Cayan Beach Residences is a modern residential complex located on Maryam Island in Sharjah. The project was implemented by Eagle Hills, and the construction was completed at the end of 2020. The complex covers an area of 346,000 sq. m (3,724,313 sq. ft).
Cayan Beach Residences consists of an eight-storey residential tower with 167 units featuring studios and apartments with one- to three-bedroom layouts.
Units have designer-quality materials in the bedrooms, clever ergonomic spaces, panoramic windows, built-in closets, fully equipped kitchens with modern appliances, air conditioning systems, and spacious balconies. Most of the residences are sold with furniture.
The building overlooks the Persian Gulf and the Al Khan Lagoon, as well as other local attractions. It is a safe area with 24-hour security and video surveillance. Residents have access to a gym, swimming pool, children’s playroom, and parking.
The neighbourhood offers restaurants, grocery stores, schools, and hospitals. Residents can enjoy access to a private beach within walking distance of the complex.
The minimum size of a property is 59.9 sq. m (645 sq. ft), and the starting price for a unit is AED 513,888 (USD 139,908).
Cayan Beach Residences offers units with an annual return on investment rate of 5.18%.
The annual rental cost for a one-bedroom apartment starts at AED 75,000 (USD 20,419).
The rental tax for a property is 5%, or AED 3,750 (USD 1,021), and maintenance fees start at AED 11,300 (USD 2,995). Therefore, the net income would be AED 59,950 (USD 16,322).