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Sharjah real estate boom: Dh25 billion waterfront project set to transform city

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Sharjah’s property market is witnessing a major transformation with the launch of the massive Ajmal Makan City – Sharjah Waterfront project in Al Hamriyah. The Dh25 billion coastal development spans over 60 million square feet, offering a mix of residential, commercial, and tourism attractions.

According to Sultan Al Shakrah, CEO of Ajmal Makan Real Estate Development, the project will house more than 60,000 residents across eight islands, blending modern urban living with eco-friendly designs. He emphasized that the development will significantly boost Sharjah’s real estate sector, generating thousands of jobs across industries like infrastructure, retail, hospitality, healthcare, and education.

A Hotspot for Investors

This freehold mega-project has already attracted strong interest from local and international investors, playing a crucial role in Sharjah’s economic diversification. As part of its expansion, Ajmal Makan Real Estate Development has launched three new projects:

  • Al Thuraya Island
  • The View Island
  • Blue Beach Residence

Meanwhile, Sun Island’s first two phases have been completed, and the Blue Bay Walk project—developed in three phases — has seen its first phase finished, with the remaining two ahead of schedule.

A City Within a City

Ajmal Makan City isn’t just a real estate project; it’s a fully integrated urban destination. It will feature:

  • 1,500 luxury villas and mid-rise buildings
  • Hotels, retail spaces, and entertainment hubs
  • A university and several schools
  • A massive theme park
  • A 3-million-square-foot shopping mall
  • A marina with 800 yacht berths
  • Waterfront restaurants, cafes, and leisure spots

In addition, 60% of the project is dedicated to green spaces, beaches, and public areas, aligning with Sharjah’s sustainability vision.

With its stunning waterfront setting, modern infrastructure, and eco-friendly design, Ajmal Makan City – Sharjah Waterfront is set to become one of the region’s most sought-after destinations for residents, tourists, and investors alike.

(Source: Wam)

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

Business

Missed your corporate tax? UAE waives penalties for late filers

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Businesses in the UAE that missed the deadline to register for corporate tax have been given a welcome break. A new decision by the Ministry of Finance (MoF) and the Federal Tax Authority (FTA) waives administrative penalties for those who missed the registration deadline, as long as they meet specific conditions.

To benefit from the waiver, companies must submit their corporate tax returns or annual statements within seven months of their first tax period, in line with the UAE Corporate Tax Law.

Even better, businesses that already paid fines, but now meet the new conditions, will be eligible for refunds, according to the FTA.

This Cabinet-approved move aims to support businesses during the first year of corporate tax implementation, giving them more flexibility to comply with the new rules without facing hefty penalties.

Who’s Eligible?

  • Companies or exempt entities that missed the registration deadline
  • Must file their tax return or annual statement within 7 months of their first tax period

Why It Matters

The waiver reflects the UAE’s intention to ease the transition into the new corporate tax regime and encourage businesses to regularise their status without fear of penalties.

(Source: Wam)

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UAE’s Etihad Airways unveils new travel programme to simplify business trips

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Etihad Airways has launched a brand-new corporate travel programme designed to make business travel easier, more flexible, and tailored to companies of all sizes.

The announcement was made at Arabian Travel Market 2025, highlighting the airline’s push to offer smarter, more efficient travel solutions for the corporate sector.

Smart Travel for Businessmen

At the heart of the new programme is a digital platform that gives businesses full control over their travel needs. From easy bookings to automated reports and expense tracking, the platform helps companies manage travel faster and more efficiently.

Corporate clients will also gain access to customised benefits based on how much they travel, including:

  • Special corporate rates
  • Priority check-in and services
  • Flexible booking options
  • Dedicated account management for larger businesses

Designed to Grow With You

Javier Alija, Vice President of Global Sales and Distribution at Etihad Airways, said:

“Today’s business world needs travel solutions that are efficient and adaptable.”

Whether you’re a small business looking for better travel rates or a multi-national company needing a fully managed solution, the new programme is built to scale with your needs.

Key Features Companies Can Expect:

  • A corporate travel portal with 24/7 access
  • Performance dashboards and real-time analytics
  • Dedicated support for business travellers
  • Personalised benefits tailored to your company

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Dubai’s Jumeirah Beach reopens soon:  Here’s what’s else authorities have planned for the city

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Good news for beach lovers, Jumeirah Beach is getting a makeover and will reopen this July, just in time for summer in Dubai.

Sharing updates during a recent media event organised by DMO, Bader Anwahi, CEO of the Public Facilities Agency, Dubai Municipality, said that work on the beach is almost done and it will soon be ready for the public to enjoy.

Big Plans for Dubai’s Beaches

The Jumeirah Beach upgrade is part of a bigger Dh355 million project to improve public beaches in Dubai. This includes:

  • Upgrades to Al Mamzar and Jumeirah 1 beaches
  • A floating pedestrian bridge at Al Mamzar (Dubai’s first)
  • A 24/7 night beach in Deira

The goal is to make beaches more enjoyable and easier to access, while also adding new features for residents and visitors.

More Beaches, More Space

Dubai’s long-term plan is to increase public beach areas by 400% as part of the Dubai 2040 Urban Master Plan. Work is moving fast, and Jumeirah 1 Beach is expected to reopen ahead of schedule.

Night-swimming beaches in areas have already seen over 1.5 million visitors since they opened in 2023.

New Community Spaces

The municipality is also building five new community spaces, called majlis venues, in:

  • Nad Al Sheba 2
  • Al Awir 2
  • Al Barsha South 1
  • Al Warqaa 2
  • Hatta

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