Strong Buyer Demand Prompts Alef Group To Launch Linar Phase 2 Following Phase 1 Sell-Out - Business Today Middle East
Alef Group has announced the complete sell-out ofPhase Oneof its Linar waterfront residential development inAl Mamzar, Sharjah, following strong buyer demand. The first phase includedTowers A, B, and C, all. . .
Alef Group has announced the complete sell-out ofPhase Oneof its Linar waterfront residential development inAl Mamzar, Sharjah, following strong buyer demand. The first phase includedTowers A, B, and C, all of which have now been fully sold. Building on this momentum, the developer has officially launchedTowers D and E, marking the second phase of residential sales within the waterfront community. The strong sales performance highlights growing demand for premium waterfront properties in Sharjah. Located on one of the last remaining residential plots alongAl Mamzar Corniche, Linar offers more than300 metres of direct waterfront frontage, making it one of the emirate’s most exclusive residential developments. Alef Group said the project has attracted a diverse mix of buyers, expanding beyond local purchasers to include international investors, global business executives, and frequent travellers. The developer attributes this broad appeal to the project’s prime location, contemporary design, and long-term investment potential. The development also benefits from ongoing infrastructure improvements announced byHis Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah. A recently unveiledAED750 million road and tunnel projectis expected to improve connectivity between Sharjah and Dubai, offering residents faster and more convenient travel. Linar’s strategic location further enhances its appeal, with the development situated approximately10 to 15 minutes from Dubai International Airportand around20 minutes from Sharjah International Airport, providing residents with easy access to both regional and international destinations. The project’s success comes amid continued growth in Sharjah’s property sector, which recordedAED18. 5 billion in real estate transactions during the first quarter of 2026, reflecting sustained investor confidence in the emirate’s expanding real estate market. Commenting on the sales milestone, Raed Kajoor Al Nuaimi, Chief Executive Officer of Alef Group, said the complete sell-out of the first phase demonstrates strong market demand for waterfront communities that combine quality living, excellent connectivity, and long-term investment value. He added that the launch of Towers D and E represents the next stage of Alef Group’s vision to deliver a modern coastal lifestyle while supporting Sharjah’s long-term urban development strategy.