Al Thuraya Islands
Off-Plan

Al Thuraya Islands

From AED 4.33M·Handover Dec 2027·20% down payment Payment
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AED 4.33M
Starting Price
Dec 2027
Handover
20% down payment
Payment Plan
5 BR · 6 BR
Type

Project Overview

Al Thuraya Island is an exclusive island project from the developer Ajmal Makan City, located in the heart of Ajmal Makan City, in Sharjah. The premium residential complex, consisting of a collection of exclusive villas and mansions, presents 5 residence options: Seabreeze Villa with 5 bedrooms, Azura Villa and Serene Villas with 6 bedrooms, Grandeur Villas with 8 bedrooms and luxurious Majestic Mansions with 8 bedrooms. The architecture of the project is carefully thought out to create a harmonious combination with the surrounding nature. The interiors are distinguished by their exquisite design and attention to detail. Each villa has spacious layouts and high-quality finishes. Some villas have an elevator, modern technical facilities, access to a private beach, covered parking spaces and indoor water features. Residents of Al Thuraya Island have access to a private beach, a floating platform, water activities, a beach lounge, retail stores, restaurants, a children's playground, a barbecue area, a pet park, a cycling area, a gym, a SPA, a swimming pool, office space and two mosques. Dubai International Airport can be reached in 35 minutes, Sharjah International Airport is a 30-minute drive away, Sharjah University City is a 20-minute drive away, and Sheikh Khalifa Hospital can be reached in 13 minutes.

Project Specifications
DeveloperAjmal Makan
LocationHamriya West
Unit Types5 BR, 6 BR, 8 BR, Villa
AreaHamriya West
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 186,710 / year
Cash-on-Cash
2.2%
Levered cashflow AED 43,919
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 281,255 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Al Thuraya Islands launch basis4,808AED 4.33MCurrent launch / asking basis
Hamriya West ready-stock comps1,500AED 1.35MIndicative resale benchmark
Hamriya West premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Al Thuraya Islands official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Ajmal Makan.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Al Thuraya Islands — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Beach Access
Bike path
Conference room
Covered Parking
Dining outlets (coffee houses & restaurants)
Dog walking area
Kids Play Area
Landscape Open Areas
Landscaped garden
Landscaped park
Leisure areas
Lift
Open Kids Play Area
Pet Garden
Pool Deck
Private Lounge
Private beach access
Private pool
Resting Areas
Retail outlets
SPA
Security and CCTV
Shared gym & fitness
Sitting Area
Social zone
Storage Areas
Walking paths

Location

Hamriya West

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Hamriya WestHamriya WestDubai, UAE

Developer Track Record

01

Al Thuraya Islands by Ajmal Makan

02

Located in Hamriya West

03

Starting from AED 4,327,000

04

Unit mix includes 5 BR, 6 BR, 8 BR, Villa

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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