The Ruler of Sharjah Sheikh Sultan bin Mohammed al-Qasimi has officially launched three projects in the emirate worth a total of AED2.7bn ($736m).

The Maryam Island, Kalba Waterfront and Palace al-Khan projects will be developed by Eagle Hills Sharjah Development, which is a joint venture of Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi-based developer Eagle Hills.

Maryam Island is the largest of the three projects in terms of both value and area. The AED2.4bn mixed-use development will be located between Al-Khan Lagoon and Al-Mamzar in Downtown Sharjah.

The development will comprise low-rise buildings that do not exceed eight floors, with 1,890 luxury apartments and villas. There will also be five- and four-star hotels with more than 600 hotel rooms, and 100 restaurants, cafes and retail outlets along the waterfront. It will cover an area of 460,000 square metres, with a built-up area of 310,000 sq m.

Construction work is scheduled to start during in the first quarter of this year and is set for completion by the end of 2019.

The AED160m Kalba Waterfront is a master-planned retail development in the Eastern Region. It will have a gross floor area of 17,000 sq m and a gross leasing area of 11,200 sq m. The mall will be constructed within the Kalba Eco-Tourism Project, next to Kalba Lagoon.

The AED120m Palace al-Khan is a five-star waterfront resort in the heart of Sharjah city. Emaar’s Address Hotels + Resorts will manage the 87-room property.

Construction work is scheduled to start in the first quarter of 2018, and is set for completion in the second quarter of 2020.