Canalside Marina Residences
Off-Plan

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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 58,723 / year
Cash-on-Cash
2.2%
Levered cashflow AED 13,813
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 88,458 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Canalside Marina Residences launch basis1,512AED 1.36MCurrent launch / asking basis
Siniya Island ready-stock comps1,500AED 1.35MIndicative resale benchmark
Siniya Island premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

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

Flexible Payment

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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

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Siniya IslandSiniya IslandDubai, UAE

Developer Track Record

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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