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Booming real estate market or not, the UAE is continually swamped with investors and end-users as the different emirates are dotted with all types of real estate developments – from sports-themed communities to waterfront havens and even underwater projects.
Waterfront communities are especially rife in this part of the region, where comfortable and trendy lifestyle is synonymous with luxury. Dubai has always been the frontrunner when it comes to churning out homes along the coastline, followed by Abu Dhabi. However, the northern emirates are fast catching up with their “more advanced” neighbours and now boast a handful of by-the-water residences or under-construction coastline developments in their respective turfs.
In the nearby emirate of Sharjah, the Sharjah Waterfront City is slated to transform the emirate into a choice residential destination in the future. The development will consist of residences that spell class – luxury apartments and villas, and water villas – complemented with retail, commercial, hospitality, leisure and entertainment offerings.
Ajman’s Al Zorah is a massive undertaking segregated into five districts. Spacious homes that overlook verdant landscapes will dot the area along with a mix of hotels, commercial centres, food and beverage outlets, and a golf course. The development’s USP is the vast inland creek that brims of mangroves, several species of birds and marine life, giving residents a unique lifestyle in a natural setting.
Ras Al Khaimah, the north’s top tourist and investment destination, is home to many coastline projects. The Falcon Island, which sits in a natural lagoon in the Al Hamra Village community, is considered Palm Jumeirah’s counterpart. Buyers have the option to choose among canal, park and beach villas equipped with designer furniture, and have an exclusive access to a resort, golf course and private beach. Meanwhile, the Al Marjan Island, also part of Al Hamra, is home to residential address Bab Al Bahr, with apartments facing the azure waters of the Arabian Gulf. The island also hosts several luxury hotels.
Although waterfront properties fetch premium rates, the homes in the northern emirates are touted as cheaper than those in Dubai and Abu Dhabi.
* Sharjah Waterfront City slated to make Sharjah a choice residential address
* Ajman’s Al Zorah promises home buyers a lavish lifestyle in a natural setting
* Ras Al Khaimah holds allure to investors, giving them a plethora of residences
Source: Ellen Joyce Soriano, Special to Properties