Alef Group has announced the successful sell-out of Phase One of Linar, a waterfront residential development in Al Mamzar, comprising Towers A, B and C.
The US $1.1bn development comprises 5 residential towers and 1 commercial tower, offering 2,620 residences that include 1-, 2- and 3-bedroom apartments and a limited collection of penthouses. Following exceptionally strong demand that resulted in the complete sell-out of the first 3 towers, Alef Group has now released Towers D and E for sale, marking the next phase in the development’s residential offering, the firm said.
The robust sales performance of Linar’s first 3 towers underscore the sheer exclusivity of the project, which occupies one of the very last prime residential plots directly on the Al Mamzar Corniche, it added.
Offering over 300m of water frontage, Linar has captured the attention of a highly diverse buyer profile, evolving beyond local interest to attract frequent flyers, global executives and international investors, further reinforcing confidence in Sharjah’s real estate market and highlighting the growing appeal of developments that combine strategic locations, quality design and long-term investment value, it added.
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