Property Alef sells out first phase of Linar ByThe US $1.1bn residential development comprises 5 residential towers and 1 commercial tower, offering 2,620 residencesAlef 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. As Alef Group’s first direct waterfront development, Linar is strategically located in Al Mamzar between Sharjah and Dubai. With Towers A, B, and C fully sold out, the launch of Towers D and E offers a final opportunity for buyers to secure premium, direct waterfront real estate. These enhancements are set to accelerate Sharjah’s real estate momentum, which already saw transactions hit a record-breaking US $5bn in the first quarter of 2026,” said Al Nuaimi.