Alef Group Launches $1.09 Billion Linar Waterfront Project in Sharjah

SHARJAH, UAE – Alef Group has unveiled Linar, a new waterfront residential destination in Al Mamzar with a development value of AED4 billion ($1.09 billion), marking the company's first project with direct coastal frontage.

The launch represents a significant milestone for the Sharjah-based developer as it expands its portfolio of master-planned communities and responds to growing demand for waterfront living in the emirate.

Located on the border between Sharjah and Dubai, Linar is positioned to offer residents a combination of waterfront lifestyle, urban connectivity and access to major destinations across both emirates. The development occupies a strategic location near Corniche Road and Al Taawun Street, placing key attractions including Al Mamzar Beach Park, Sharjah Aquarium and Expo Centre Sharjah within close proximity. Both Sharjah International Airport and Dubai International Airport are accessible within a 15-minute drive.

Buyer interest has been strong since the project's initial launch. Following robust demand for Expressions of Interest in Tower A, Alef Group expanded registrations to Towers B and C. The developer confirmed that all Phase One Expressions of Interest have now been fully reserved, covering 1,572 residential units with a combined value exceeding AED2 billion ($545 million).

With Phase One fully subscribed, the company is preparing to open Expressions of Interest for Towers D and E as momentum continues to build around the project.

Designed as a mixed-use waterfront community, Linar will comprise five residential towers and one commercial tower incorporating retail and service-oriented space. Upon completion, the development will deliver a total of 2,620 residential units across towers ranging from 50 to 55 storeys. The first residents are expected to begin moving into Tower A from 2030 onwards.

Sustainability forms a central part of the development strategy. The project incorporates lower-carbon concrete made using recycled and alternative materials, while internal roads and driveways will utilise rubberised asphalt. Renewable energy generation will also be supported through photovoltaic panels integrated into the development's parking podiums and landscaped areas.

Raed Kajoor Al Nuaimi, Chief Executive Officer of Alef Group, said, “Linar reflects our commitment to creating high-quality residential destinations that deliver tangible value to the community and align with Sharjah’s long-term urban vision. The development offers a holistic living experience that brings together refined design, a prime location, and a strong focus on quality of life.”

He added, “The strong interest we have seen in Linar reflects growing demand for integrated waterfront communities and reinforces our confidence in the strength and attractiveness of Sharjah’s real estate market. At a time when markets across the region are closely monitoring evolving global and regional developments, we believe it is important to continue moving forward with quality projects that support investor confidence and positive market momentum.”

The launch of Linar comes as Sharjah continues to attract increasing investor attention, with developers expanding residential offerings that combine lifestyle-driven amenities, connectivity and long-term value creation.