Alef Group, a premier real estate developer in Sharjah, has announced the successful sell-out of Phase One of Linar, a waterfront residential development in Al Mamzar, comprising Towers A, B and C.
The AED4 billion ($1.1 billion) development comprises five residential towers and one commercial tower, offering 2,620 residences that include one-, two- and three-bedroom apartments and a limited collection of penthouses.
Following exceptionally strong demand that resulted in the complete sell-out of the first three towers, Alef Group has now released Towers D and E for sale, marking the next phase in the development's residential offering.
The robust sales performance of Linar's first three towers underscore the sheer exclusivity of the project, which occupies one of the very last prime residential plots directly on the Al Mamzar Corniche, said Alef in a statement.
Offering over 300m of pristine water frontage, Linar has captured the attention of a highly diverse buyer profile, evolving beyond local interest to attract frequent flyers, global executives and international investors, further reinforcing confidence in Sharjah's real estate market and highlighting the growing appeal of developments that combine strategic locations, quality design and long-term investment value.
As Alef Group's first direct waterfront development, Linar is strategically located in Al Mamzar between Sharjah and Dubai. Phase 1 is expected to begin welcoming residents from 2030 onwards.
With Towers A, B, and C fully sold out, the launch of Towers D and E offers a final opportunity for buyers to secure premium, direct waterfront real estate. Supported by an accessible 30/70 payment plan, prices start from AED 945,000 for one-bedroom apartments.
On the overwhelmingly positive response to the project, CEO Raed Kajoor Al Nuaimi said: "The successful sell-out of Phase One demonstrates increasing market appetite for waterfront communities that combine quality living, connectivity and long-term value, and also underscores the confidence end-use buyers and investors continue to show in Alef Group and Sharjah's evolving real estate market."
“This sales success is bolstered by the visionary leadership of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, who recently announced a monumental AED 750 million road and tunnel project. This infrastructure upgrade is a powerful catalyst, guaranteeing residents an uninterrupted commute and frictionless access to Dubai,” he stated.
“When combined with Linar's dual-airport proximity, just 10-15 minutes from Dubai International and 20 minutes from Sharjah International Airport, the development offers world-class global access from a serene, resort-style home base. These enhancements are set to accelerate Sharjah’s real estate momentum, which already saw transactions hit a record-breaking AED 18.5 billion in the first quarter of 2026,” said Al Nuaimi.
"With sales now open for Towers D and E, we look forward to welcoming a new wave of buyers to Linar, as we continue bringing our vision for modern coastal living to life and supporting Sharjah's long-term urban development," he added.-TradeArabia News Service
