Ajmal Makan City: Sharjah's $6.8 Billion Coastal Transformation
Deal News | Mar 17, 2025 | Zawya

Ajmal Makan City – Sharjah Waterfront, a substantial $6.8 billion coastal development covering a vast area of over 60 million square feet, has been announced to significantly reshape Sharjah’s landscape. Led by Ajmal Makan Real Estate Development, the project promises a comprehensive mixed-use environment integrating residential, commercial, and tourism facilities, aiming to accommodate over 60,000 residents across eight islands. In line with sustainable practices, the development focuses on combining modern urban living with eco-friendly features. This ambitious venture not only seeks to expand Sharjah’s real estate sector but will also catalyze economic diversification by creating thousands of jobs across multiple industries including real estate, infrastructure, and hospitality. Ajmal Makan has already initiated several phases, with key projects like Al Thuraya Island and Blue Beach Residence under development, positioning the city as a benchmark for sustainable urban living. Additionally, the development encompasses 1,500 villas, entertainment venues, and educational institutions, significantly contributing to Sharjah’s business and tourism potential. The project aligns with the emirate's broader vision for a thriving economy rooted in non-oil sectors.
Sectors
- Real Estate Development
- Tourism
- Infrastructure
Geography
- United Arab Emirates – The article is centered around a development project located in Sharjah, a city in the United Arab Emirates.
Industry
- Real Estate Development – The article discusses the development of a large-scale real estate project in Sharjah by Ajmal Makan Real Estate Development.
- Tourism – The development includes tourism facilities such as a theme park, which contributes to Sharjah's tourism sector.
- Infrastructure – The project involves significant infrastructural developments, including the construction of roads, a marina, and utility systems as part of enhancing the urban landscape.
Financials
- $6.8 billion – The estimated investment in the Ajmal Makan City – Sharjah Waterfront development project.
Participants
Name | Role | Type | Description |
---|---|---|---|
Ajmal Makan Real Estate Development | Target and Developer | Company | A UAE-based property developer focused on creating sustainable urban environments, leading the development of Ajmal Makan City – Sharjah Waterfront. |
Sultan Al Shakrah | Spokesperson | Person | CEO of Ajmal Makan Real Estate Development, outlining the strategic goals and expected outcomes of the Ajmal Makan City project. |