Sharjah Waterfront City

We think it's one of the most compelling value plays on the Northern Emirates right now. Prices are still well below comparable Dubai waterfront stock, yet the master plan spans 8 islands with a combined shoreline of roughly 24 km. Our buyers who got in early on Phase 1 launches have already seen double-digit appreciation on paper. With infrastructure rolling out steadily and Ajmal Makan delivering on schedule, the upside window is still open — but it's narrowing.

Across the 7 projects in our catalogue — from Blue Beach Apartments to The View Island Phase 2 — we're seeing launch prices ranging from roughly AED 550 to AED 850 per sqft, depending on the island, floor, and view orientation. Sea-facing units on Althuraya Island and The View Island command the upper end of that range. Compared to Dubai Marina, where you'd pay AED 1,800+ per sqft, the value gap is significant for buyers willing to look 15 minutes north.

Right now, Ajmal Makan Properties is the master developer and the dominant builder across all active phases. Every project in our current catalogue — including Blue Pearls, Blue Waves, and Althuraya Island Phase 2 — is an Ajmal Makan delivery. That's actually reassuring for buyers: one developer controlling the master plan means consistent design standards, coordinated infrastructure, and a single point of accountability if anything needs resolving.

Sharjah as an emirate has historically delivered gross yields of 7–9%, and waterfront units here are tracking toward the higher end of that range as the community matures. We're seeing strong tenant demand from Sharjah-based professionals and families priced out of Dubai who still want a sea view. Short-term holiday rental potential is also emerging, particularly on the island clusters. We always recommend stress-testing at 80% occupancy, but the numbers hold up well even at that conservative assumption.

The development sits on the northern coast of Sharjah, roughly 35–45 minutes by car to DIFC outside peak hours. During morning rush hour on Sheikh Mohammed Bin Zayed Road, budget 60–75 minutes. There's no metro link yet, so you'll need a car or a ride-hail. Our buyers who work in Dubai typically treat this as a lifestyle trade-off: a sea-view apartment at half the Dubai price in exchange for a longer commute. Many find it a fair deal.

The master plan includes retail, dining, and leisure within the development itself, though most of that is still being built out. For schools right now, GEMS schools in Sharjah and several KHDA-rated institutions are within a 15–20 minute drive. Supermarkets, clinics, and mosques are accessible in nearby Hamriyah and Al Dhaid Road corridors. In our experience, buyers with school-age children should factor in a short daily school run until the community's own amenities are fully operational — likely by 2026–2027.

Yes — and this is a relatively recent change that's opened the market significantly. Sharjah introduced freehold ownership for expatriates in designated zones in 2022, and Sharjah Waterfront City is one of the approved areas. All Ajmal Makan projects in our catalogue are available to international buyers on a full freehold basis. We handle the registration process through the Sharjah Real Estate Registration Department, and in our experience it's straightforward — typically completed within a few weeks of signing.