Source : WAM
The Emirate of Sharjah is experiencing notable growth in waterfront real estate transactions, driven by its diverse geography, which includes coastlines along the Arabian Gulf and the Indian Ocean, in addition to lakes and internal waterways. This variety has increased the attractiveness of waterfront locations for both residential living and investment. These insights were shared during a panel discussion titled “Developing Real Estate Projects on Waterfronts”, moderated by journalist Ahmed Sultan and attended by senior real estate officials and industry experts.
Abdullah Al Zarouni, Director of the Real Estate Transactions Unit at the Sharjah Real Estate Registration Department, said the emirate has effectively capitalized on its varied waterfronts by developing integrated real estate projects that combine housing, commercial outlets, leisure amenities, promenades, and green spaces, all aimed at enhancing residents’ quality of life.
Al Zarouni noted that more than 10 new waterfront projects were registered in Sharjah during 2024 and 2025, underscoring sustained growth in the sector and boosting the overall appeal of the emirate’s real estate market.
He added that the development of water bodies such as Khalid Lake, along with the Al Qasba and Al Layyah canals, has strengthened the long-term investment value of waterfront properties. Meanwhile, destinations like Al Majaz Waterfront, Al Hira Corniche, and Khorfakkan Corniche have introduced dynamic recreational and tourism elements that further elevate these areas.
According to Al Zarouni, competitive pricing, transparent regulations, and ongoing government support have driven increased demand from both local and international buyers, particularly for waterfront-facing projects, which continue to be among the most stable assets in the real estate market.
George Raymond Khouzami, CEO of AL THURIAH Real Estate Group, highlighted that the development of vertical waterfront towers is designed to optimize sea views while preserving open spaces for pedestrian use and public activity. He stressed that waterfronts are a limited resource that requires thoughtful, high-quality development.
Khouzami added that waterfront properties hold strong investment appeal due to limited supply, maintaining their value over time while offering higher rental yields and greater liquidity upon resale. He also pointed to a shift in buyer preferences toward quality construction, smart design, and sustainability, supported by technologies that improve management efficiency and safeguard asset value.
Farid Jamal, Chief Commercial Officer at Ajmal Makaan, said coastal tourism plays a key role in driving waterfront development, as it significantly enhances the economic and real estate value of coastal regions.
Jamal emphasized that successful projects integrate tourism and real estate development, delivering high-quality recreational and service offerings that help create lively coastal cities. He also underlined the need to balance economic expansion with the protection of marine environments to ensure long-term sustainability and continued appeal.
