ع
Alef Group has sold all 2,683 residential units across five towers in its Linar waterfront development valued at AED 4 billion and located in Al Mamzar, Sharjah. The complete sell-out followed the sale of the final two towers in phase two after the first three towers sold out earlier in the year amid robust buyer interest. Alef Group said in a statement that construction on the project is scheduled to begin later in 2026. The development spans approximately 55,000 square metres at the eastern edge of Al Mamzar Beach and features 325 metres of direct waterfront frontage offering views of the Arabian Gulf and the Sharjah skyline.
Linar comprises five residential towers ranging from 50 to 55 storeys along with a future office and commercial tower that will include retail and service facilities. The project attracted buyers from a broad mix that included domestic purchasers, international business owners and executives as well as overseas investors. Alef Group noted that the sales success built on momentum from the initial phase which saw 1,572 units reserved in a short period. The development sits on one of the last prime residential plots directly on the Al Mamzar Corniche and benefits from proximity to key infrastructure links between Sharjah and Dubai.
In the statement Raed Kajoor Al Nuaimi, CEO of Alef Group, said the full sell-out of Linar’s five residential towers demonstrates that buyer expectations and perceptions of real estate value are evolving. He said purchasing decisions increasingly extend beyond the specifications of an individual home to consider how a development functions as a whole, including convenience, connectivity, services and the quality of everyday life. Al Nuaimi added that the response reflects continued confidence in Alef Group and Sharjah’s real estate sector.
Sharjah’s property market posted record transaction values of AED 65.6 billion in 2025, a 64 percent rise from the previous year, according to Cavendish Maxwell. The consultancy reported that first-quarter 2026 transaction values climbed 41 percent year on year to AED 18.5 billion while nearly 9,980 properties changed hands during that period. Cavendish Maxwell data also shows that almost 33,700 new residential units are scheduled for delivery across the emirate by 2030 as developers respond to sustained demand.
The Linar project forms part of a wider expansion in Sharjah’s residential pipeline that includes thousands of apartments and villas set for completion over the next several years. Alef Group has positioned the development as a mixed-use community that combines waterfront living with urban connectivity to major roads, airports and local attractions such as Al Mamzar Beach Park. The company indicated that handover for the first tower is expected from 2030 onward.
