Linar by Alef Group Officially Sold Out - Sharjah's AED 4 Billion Waterfront Address Reaches 100% Sales

Alef Group has confirmed that Linar, its flagship AED 4 billion waterfront development in Al Mamzar, Sharjah, is now fully sold out. Every residential unit across all five towers has been reserved, marking one of the fastest and most complete sellouts seen in the Sharjah property market in recent years.

For a project of this scale, a 100% sellout is a significant milestone. It confirms not only strong confidence in Alef Group as a developer, but also a broader shift in how investors and end-users are viewing Sharjah's waterfront real estate, particularly in locations that sit close to the Dubai border.

A Waterfront First for Alef Group

Linar was Alef Group's first direct waterfront development, and it was designed to stand out from the moment it launched. Positioned along the Al Mamzar Corniche, the project offered something genuinely rare for Sharjah: a residential address with true sea frontage, sitting at the intersection of Corniche Road and Al Taawun Street.

The development comprises five residential towers, standing between 50 and 55 storeys, along with one dedicated commercial tower housing retail and service spaces. Together, these towers delivered 2,620 residential units, ranging from one- to three-bedroom apartments, along with a limited collection of exclusive penthouses offering panoramic waterfront views.

How the Sellout Happened

The pace at which Linar sold out tells its own story. Phase 1, covering Towers A, B and C, was fully reserved within weeks of launch, with 1,572 units representing a combined value of more than AED 2 billion. That level of demand pushed Alef Group to bring Towers D and E to market sooner than initially planned, and that final release has now sold out as well, closing out the entire 2,620-unit development.

This kind of momentum is unusual even by Dubai and Sharjah's fast-moving off-plan standards, and it points to genuine end-user and investor appetite rather than short-term speculative interest alone.

Why Buyers Were Drawn to Linar

• True waterfront living - over 300 metres of direct sea frontage on Al Mamzar Beach, a rarity for new Sharjah launches
• Strategic location - positioned exactly between Sharjah and Dubai, with both emirates' airports reachable within 15-20 minutes
• Accessible payment structure - a straightforward 30/70 payment plan that eased entry for a wide range of buyers
• Diverse buyer profile - Alef Group noted interest from local residents, frequent flyers, global executives, and international investors alike
• Sustainability-led design - the development incorporated rubberised asphalt, lower-carbon concrete, and photovoltaic panels integrated into the parking podium, appealing to buyers increasingly conscious of environmental credentials

What This Means for Sharjah's Property Market

Linar's sellout adds to a growing body of evidence that Sharjah's real estate sector is maturing quickly, particularly in areas within easy reach of Dubai. Al Mamzar, in particular, is benefiting from its dual-emirate positioning, giving residents genuine access to both cities without the price tag typically attached to comparable waterfront addresses in Dubai itself.

For prospective buyers who missed Linar's launch, the takeaway is clear: waterfront developments with strong connectivity and credible developer backing are moving fast, and future Alef Group launches are likely to see similarly rapid uptake.

Frequently Asked Questions

Is Linar by Alef Group completely sold out?

Yes. Alef Group has officially confirmed that all 2,620 residential units across Towers A through E at Linar have been fully sold.

Where is Linar located?

Linar is located in Al Mamzar, Sharjah, at the intersection of Corniche Road and Al Taawun Street, directly on the waterfront and close to the Dubai border.

What was the total value of the Linar development?

Linar was valued at approximately AED 4 billion (around $1.1 billion), making it one of Alef Group's largest projects to date.

When is Linar expected to be completed?

Handover for Phase 1 (Tower A) is expected to begin from 2030 onwards.

What payment plan did Linar offer buyers?

Linar was offered on a 30/70 payment plan, with 30% payable during construction and 70% due on handover.

Are there any other Alef Group developments available now?

Yes. With Linar sold out, Alef Group has opened Expressions of Interest for its next beachfront project, Seefa Residences, located in Al Khan, Sharjah, on Maryam Island. The development offers 1, 2, and 3-bedroom apartments and penthouses across five residential buildings with sea views on three sides, starting from AED 1 million on a 30/70 payment plan. Buyers interested in securing early access can register their interest here ahead of the official launch.