Almaza Tower is a new waterfront residential project by Al Thuriah developer in Sharjah. The 41-storey tower will have 170 apartments. Buyers can choose from one-, two-, three-, and four-bedroom homes.
The project is planned for completion in Q4 2028. It is a freehold development, which makes it suitable for both local and international buyers.
One of the main features of Almaza Tower is the size of its homes. The published plans show homes from about 1,520 sq ft for one-bedroom units to around 4,175 sq ft for four-bedroom units.
The tower sits beside Al Khan Lagoon and offers views toward the waterfront. It also includes a range of facilities for residents.
This makes the project relevant to four main buyer groups: investors, end-users, families, and luxury buyers.
For Investors: ROI, Exit Strategy and Liquidity
Investors should look at Almaza Tower as a medium- to long-term investment.
Published starting prices are around:
- 1 bedroom: AED 1.0 million
- 2 bedrooms: AED 1.3 million
- 3 bedrooms: AED 2.1 million
- 4 bedrooms: AED 3.0 million
Actual prices can change based on the floor, view, size, and unit available.
The large layouts are one of the project’s main selling points. Based on the starting prices and published sizes, the price per square foot is roughly in the AED 570–720 range.
Rental income is another part of the investment case. Current rents in Al Khan vary by unit type and building. One-bedroom homes can earn around AED 47,000 a year, while larger three- and four-bedroom homes can earn more.
However, these figures are based on the wider Al Khan market. They are not guaranteed rents for Almaza Tower.
For End-Users: Layout, Livability and Access
Almaza Tower is a good match for buyers who want more space in their home.
The published plans show one-bedroom homes of about 1,520 sq ft. Two-bedroom homes are around 1,980 sq ft. Three-bedroom homes range from about 3,250 to 3,700 sq ft. The four-bedroom layout is around 4,175 sq ft.
These sizes give residents more room for living, dining, storage, guests, and working from home.
The homes also focus on views and natural light. Floor-to-ceiling windows and balconies help connect the apartments with the waterfront outside.
The location adds to daily convenience. Al Khan Lagoon and Al Mamzar Beach Park are close by. Sharjah Aquarium and the Maritime Museum are also nearby. Al Majaz Waterfront is within a short drive.
For people who work in Dubai but want to live in Sharjah, Al Khan can offer a useful middle ground.
The main point for end-users is simple: Almaza is built around space, views, and access to the waterfront.
For Families: Schools, Safety and Space
Families are one of the strongest buyer groups for Almaza Tower.
The main reason is the size of the larger apartments. Three- and four-bedroom homes can give parents and children separate rooms while still leaving enough space for family areas and guests.
The project also plans several family-friendly facilities. These include:
- Children’s play areas
- Swimming pools
- Landscaped areas
- Gym
- Beach access
- Covered parking
- Security
- Prayer rooms
The developer also lists 24-hour security and maintenance services.
The wider Al Khan area has schools, shops, restaurants, healthcare services, and other daily needs. This can make life easier for families who do not want to travel far for basic services.
Parents should still check the exact school locations and daily travel times before buying. Traffic can affect the real travel time, especially during school and work hours.
For families, the main benefit is the combination of large homes, family facilities, parking, security, and a waterfront setting.
For Luxury Buyers: Design, Privacy and Value
Luxury buyers usually want more than a large apartment. They also look at views, design, privacy, facilities, and the overall feel of the building.
Almaza Tower has several features that support this position.
The tower will have 170 residences across 34 residential floors. It will also include five parking levels, a hotel-style lobby, and a dedicated health club floor.
The design uses large areas of glass. Many homes have large windows and balconies that open toward the surrounding views.
The four-bedroom home is the standout option for buyers who want a large private residence. At around 4,175 sq ft, it offers much more space than a typical city apartment.
However, Almaza Tower is not an international hotel-branded residence. It does not have the same brand name as projects linked to global hotel groups.
Its premium value comes from the waterfront location, large homes, modern design, facilities, and limited number of residences.
This difference matters. A buyer looking for a famous global brand may prefer another project. A buyer who cares more about space and location may find Almaza more attractive.
Project Highlights and Amenities
Almaza Tower will include a mix of lifestyle and practical facilities.
Key features include:
- 41-storey residential tower
- 170 apartments
- One- to four-bedroom homes
- Al Khan Lagoon waterfront location
- Five parking levels
- Hotel-style entrance lobby
- Health club
- Gym
- Temperature-controlled pools
- Children’s play area
- Landscaped spaces
- Beach access
- Prayer rooms
- 24-hour security and maintenance
The facilities are designed for both families and individual residents.
The limited number of apartments may also help the building feel less crowded than very large residential developments.
Pricing and Payment Plan
The current advertised starting prices are about:
| Unit Type | Starting Price |
| 1 Bedroom | AED 1.0M |
| 2 Bedroom | AED 1.3M |
| 3 Bedroom | AED 2.1M |
| 4 Bedroom | AED 3.0M |
These are starting figures. The final price can change based on the unit, floor, size, and view.
The published payment plan is:
10% down payment → 80% during construction → 10% on handover
For a home priced at AED 1 million, this would mean:
- AED 100,000 at the start
- AED 800,000 during construction
- AED 100,000 at handover
The payment plan can help buyers spread the cost over the construction period.
Still, buyers should make sure the payment schedule fits their cash flow. They should also budget for registration costs, service charges, furnishing, and other ownership costs.
Location Benefits and Nearby Landmarks
Al Khan communities is one of the main reasons to consider this project.
The tower is close to Al Khan Lagoon, giving residents easy access to the waterfront. Al Mamzar Beach Park is also nearby.
Other attractions include:
- Sharjah Aquarium
- Maritime Museum
- Al Majaz Waterfront
- Beaches
- Restaurants and cafes
- Shopping and daily services
The area also has links to the main roads leading across Sharjah and toward Dubai.
This location can work for both residents and landlords. Residents get access to leisure areas, while landlords can market the homes to people who want waterfront living without moving to a resort community.
Comparison with Similar Projects
Almaza Tower competes with several newer residential projects in the wider Al Khan and waterfront market.
| Project | Starting Price* | Main Strength |
| Almaza Tower | ~AED 1.0M | Large homes and waterfront setting |
| Al Ghaf Tower | ~AED 699K | Lower entry price |
| Crystal Residences | ~AED 850K | Maryam Island location |
| Topaz Residences | ~AED 967K | Waterfront community |
| Al Alia Tower | ~AED 988K | Al Khan location |
*Prices are advertised starting figures and can change.
The comparison shows where Almaza fits in the market. It is not the cheapest option. Its main advantage is the size of the homes combined with the waterfront location.
Investment Analysis: Who Gets the Most Value?
The investment case for Almaza Tower comes down to four points:
Location. Space. Waterfront views. Long-term demand.
The project can appeal to tenants who want a larger home in a well-known waterfront area. It may also benefit from buyers who want a modern home with more space than many newer apartments provide.
Still, investors should not rely only on expected price growth. They should compare Almaza with completed buildings in Al Khan. Rental prices, service charges, vacancy levels, and resale demand all matter.
The project may suit an investor who can hold the property for several years. It may be less suitable for someone looking for a quick resale after purchase.
Which Buyer Should Choose This Project and Why?
Investors should consider Almaza if they want a waterfront property and are ready to hold through construction and beyond. One- and two-bedroom units may offer the broadest rental and resale market.
End-users should consider it if space is a top priority. The layouts are much larger than many modern apartment options.
Families may get the most from the three- and four-bedroom homes. These units offer more room for children, guests, work, and everyday family life.
Luxury buyers should focus on the larger homes and the best waterfront-facing units. The project offers size, views, modern design, and a limited number of residences, though it does not have a global hotel brand.
Overall, Almaza Tower is best for buyers who want a large modern home in a waterfront part of Sharjah and who can take a long-term view.
It is not the obvious choice for someone who only wants the lowest purchase price. Its strongest appeal is the balance of space, location, views, facilities, and long-term use.
For the right buyer, that combination can make Almaza Tower one of the more interesting new residential options in Al Khan.
Rajat Rana
Vaishali M