Alef Group Sells Out All 2,683 Units in AED 4 Billion ”Linar” Waterfront Project in Sharjah
Sharjah-based real estate developer Alef Group has announced the complete sell-out of all 2,683 residential units across the five towers of its AED 4 billion "Linar" project. Located on the Al Mamzar waterfront, the sales milestone was finalized following the rapid absorption of the final two towers launched during the project's second phase. Construction on the waterfront development is scheduled to commence later this year.
Project Metrics and Demographics
The buyer demographic highlights strong regional and international interest, capturing local residents, business owners, foreign investors, and international executives. The development timeline runs parallel to the Emirate of Sharjah’s broader infrastructural upgrades, which include expanding road networks and constructing new tunnels to enhance urban mobility and quality of life.
Project MetricDevelopment Detail
DeveloperAlef Group
Project LocationAl Mamzar Waterfront, Sharjah
Total InvestmentAED 4 Billion
Total Units Sold2,683 residential units (spanning 5 towers)
Construction TimelineSet to begin in the current year
Executive Insights
Raed Kajour Al Nuaimi, CEO of Alef Group, stated that the accelerated sell-out of the five towers reflects a fundamental shift in buyer expectations and the modern concept of real estate value. He noted that purchasing decisions are increasingly driven by the holistic quality of the development and its capacity to deliver a sustainable, long-term lifestyle experience, rather than relying solely on the standalone specifications of individual units.
