Your guide to everything you should know when buying a property in Dubai.
Your guide to everything you should know when buying a property in Dubai.
About the Developer
Ajmal Makan Real Estate Development is a UAE-based master developer behind Sharjah Waterfront City, also branded as Ajmal Makan City. Founded in 2014 and led by founder and chairman Sheikh Abdullah bin Fahid Al Shakra, the company is developing a coastal master plan of nearly 60 million square feet across 8 islands, with capacity planned for more than 60,000 residents.
The wider plan is not just residential. It includes an 800-berth marina, a 3-million-square-foot shopping mall, and a 1.6-million-square-foot theme park. Launched and under-development areas such as Sun Island and Blue Bay Walk show the direction of the community: waterfront homes, everyday retail, leisure space, and a lower entry point than many Dubai waterfront districts.
Neighbourhoods including The View Island, Al Thuraya Island, Blue Beach Residence, and Blue Waves continue to expand the master plan, with rental yields estimated between 5-8%. Ajmal Makan has also received past industry recognition, including Best Waterfront Project at the Arabian Business Real Estate Awards in 2018 and the Al Leem Excellence Award in 2019.
Why Invest
Ajmal Makan is relevant for buyers who want waterfront property in Sharjah without paying Dubai waterfront pricing. The appeal is the scale of the master plan, the planned marina and leisure infrastructure, and a rental yield range that may suit long-term investors.
Portfolio
For Buyers
Sharjah Waterfront City is not a standalone tower. It is a 60-million-square-foot coastal master plan across 8 islands, with an 800-berth marina, shopping mall, theme park, and residential districts planned around a self-sustained waterfront lifestyle.
For buyers comparing waterfront options, Ajmal Makan offers a Sharjah entry point that is typically 10-15% below comparable Dubai waterfront offerings. Combined with estimated 5-8% rental yields, this gives investors a more accessible route into coastal property.
Market Analysis
Ajmal Makan stands out because it controls the master development of Sharjah Waterfront City, one of the UAE’s largest coastal communities. Dubai may get more global attention for waterfront real estate, but this 60-million-square-foot, 8-island plan gives Sharjah a clear alternative at a lower price point.
The developer’s awards should be viewed as past recognition rather than a current claim of market leadership. Verified examples include Best Waterfront Project at the Arabian Business Real Estate Awards in 2018 and the Al Leem Excellence Award in 2019.
Large coastal master plan across 8 islands in Sharjah.
Planned capacity for more than 60,000 residents in a waterfront city.
Marina planned alongside a 3M sq ft mall and 1.6M sq ft theme park.
Recognised with Best Waterfront Project in 2018 and the Al Leem Excellence Award in 2019.
Estimated rental returns with pricing around 10-15% below comparable Dubai waterfront property.
Ajmal Makan is the master developer of Sharjah Waterfront City, also known as Ajmal Makan City. Founded in 2014, the UAE-based developer is creating a 60-million-square-foot coastal community across 8 islands, with homes, marina, retail, leisure, and lifestyle infrastructure planned for more than 60,000 residents.
Ajmal Makan payment plan terms vary by project and should be confirmed before purchase. For off-plan properties in the UAE, payment plans are often construction-linked and may sometimes include post-handover options, but no fixed structure should be assumed unless it is stated for the specific unit or project.
Sun Island is a villa-focused sub-phase within Sharjah Waterfront City. It sits inside Ajmal Makan's wider 60-million-square-foot waterfront master community and has around 321 villas planned, making it one of the named neighbourhoods buyers often use when comparing Ajmal Makan projects.
Yes, Sharjah Waterfront City is positioned at around 10-15% below comparable Dubai waterfront offerings. That lower entry point, together with estimated rental yields of 5-8%, is why some investors consider Ajmal Makan properties when comparing UAE waterfront options across Sharjah and Dubai.
Ajmal Makan projects include Sun Island, Blue Bay Walk, The View Island, Al Thuraya Island, Blue Beach Residence, and Blue Waves. Sun Island and Blue Bay Walk are launched and under development, while other neighbourhoods continue to form part of the broader Sharjah Waterfront City master plan.
Ajmal Makan is a reputable UAE-based master developer with a defined role in Sharjah Waterfront City. Buyers can verify its track record through the scale of the 8-island master plan, named communities such as Sun Island and Blue Bay Walk, and past recognition including awards in 2018 and 2019.
Yes, Ajmal Makan has received past industry recognition. Verified examples include Best Waterfront Project at the Arabian Business Real Estate Awards in 2018 and the Al Leem Excellence Award in 2019. These references should be read as historical recognition, not as a claim about current award status.
Yes, Ajmal Makan property buyers may qualify for a UAE residence visa if the property and investment value meet the applicable government rules. Visa eligibility depends on current regulations, property value, ownership status, and documentation, so buyers should confirm the latest requirements before reserving a unit.
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