The Emirate of Sharjah is experiencing significant growth in real estate transactions along its waterfront areas, attributed to its diverse geography along the Arabian Gulf and Indian Ocean, as well as its internal lakes and water channels. This variety has greatly enhanced the appeal of these areas for both living and investment. This insight was shared during a panel discussion titled “Developing Waterfront Real Estate Projects,” moderated by media figure Ahmad Sultan, featuring a selection of officials and experts from the real estate sector.
Waterfront Areas
Abdullah Al-Zarouni, Director of Real Estate Transactions at the Sharjah Real Estate Registration Department, highlighted that the emirate has successfully leveraged its diverse waterfronts to develop integrated real estate projects. These projects combine residential, commercial, and recreational facilities with walkways and green spaces that enhance quality of life.
Al-Zarouni added that Sharjah has recorded more than 10 new projects along its waterfronts for the years 2024 and 2025, underscoring the continuous growth in this sector and bolstering the appeal of the real estate market. Additionally, the creation of water bodies like Khalid Lagoon and the Al Qasba and Al Leyyah canals has boosted the long-term investment value of properties overlooking these areas. Comprehensive developments on the waterfront, such as the Al Majaz waterfront, Khorfakkan beach, and Al Heirah beach, have introduced attractive tourism and recreational dimensions. He noted that competitive prices, clear regulations, and ongoing support from the Sharjah government have led to increased interest from both local and foreign investors in waterfront properties, which are among the most stable real estate assets.
Open Spaces
George Raymond Khazzami, CEO of Al Thuraya Group, stated that the development of vertical towers along waterfronts aims to maximize views while preserving open spaces for pedestrians and public life. He emphasized that waterfronts are a rare resource that necessitates high-quality development. Khazzami pointed out that properties with ocean views hold high investment value due to limited availability; they maintain their value and yield better rental returns and higher liquidity upon resale. He also noted a shift in buyer preferences towards quality, smart design, and sustainability, supported by smart technologies that enhance management efficiency and maintain property values.
Recreational Experiences
Fried Jamal, CEO of Commercial Affairs at “The Most Beautiful Place,” explained that coastal tourism is a crucial driver for developing waterfronts, as it plays a vital role in enhancing the economic and property value of coastal areas. He confirmed that successful projects achieve a synergy between tourism and real estate development, providing quality recreational and service experiences that contribute to vibrant coastal cities. He emphasized the importance of balancing economic growth with the preservation of marine environments to ensure the sustainability and long-term attractiveness of these destinations.