Canalside Marina Residences — project image
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Canalside Marina Residences

From AED 1.36M·Handover Dec 2029·20% down payment Payment
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AED 1.36M
Starting Price
Dec 2029
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Canalside Marina Residences is a project by Sobha Realty on Siniya Island, located on the lagoon waterfront with direct access to the sea. The complex consists of two towers featuring a ground floor, a podium with amenities, and seven to nine residential floors. The collection offers residences with one, two, and three bedrooms. The architecture reflects an island-inspired style: façades face the marina and canals, with structures designed to emphasize lightness and openness. Interiors are carefully planned for maximum comfort, while panoramic windows fill the spaces with natural light and offer stunning water views. Residents will enjoy infinity pools on the podium, fitness centers, lounge areas, children’s playgrounds, and direct beach access. The project also includes a yacht club with moorings, a hotel, a shopping mall, and a waterfront promenade with restaurants and cafés. The development is just minutes from key destinations: Marjan Island is 10 minutes away, Sharjah 30 minutes, and Dubai 50 minutes. Siniya Island is connected to the mainland by a 1.7 km bridge, ensuring a fast and scenic route to the city.

Project Specifications
DeveloperSobha Realty
LocationSiniya Island
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaSiniya Island
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 58,723 / year
Cash-on-Cash
2.2%
Levered cashflow AED 13,813
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 626,013 / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Sobha Realty.

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Payment Structure

20% down payment

Published payment summary

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Amenities & Lifestyle

Dining outlets (coffee houses & restaurants)
Infinity pool
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Private beach access
Recreational areas
Retail outlets
Shared Pool
Shared gym & fitness
Walking paths

Location

Siniya Island

Nearby Destinations

Siniya Island

Developer and Project Facts

01

Canalside Marina Residences by Sobha Realty

02

Located in Siniya Island

03

Starting from AED 1,360,897

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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