Blue Pearls
✓ Resale Available

Blue Pearls

From AED 464,000·Completed Dec 2025·100% down payment Payment
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AED 464,000
Starting Price
Dec 2025
Handover
100% down payment
Payment Plan
Studio · 2 BR
Type

Project Overview

Blue Waves is one of the buildings of the Blue Bay Walk project, from the famous Ajmal Makan City company, which includes two elegant buildings of 6 residential levels each, on a common ground floor and podium, in the prestigious Al Hamriya district, Sharjah. The architecture of the project is characterized by an elegant modern design. The complex is decorated in bright colors and harmoniously fits into the surrounding coastal landscape and offers studios and apartments with 1-2 bedrooms, which offer panoramic sea views. All residences feature high-quality finishes and modern amenities, carefully designed to transform everyday life into a place of permanent tranquility. Residents of Blue Pearls have access to adult and children's pools, a barbecue area, a gym, electric car charging stations, play areas for children, 24-hour security and SPA salons. With private access to the beach, lush gardens and carefully designed urban amenities, this complex is a harmonious blend of nature and modern life. The project has convenient transport links, including Water Taxi and Union Train, to Al Ittihad Road - 1 minute, to Mohammed Bin Zayed Road - 8 minutes, to Emirates Road - 12 minutes. Umm Al Quwain Road is 2 minutes away, Mohammed Bin Zayed Road is 8 minutes away, and Emirates Road is 11 minutes away. It takes 5 minutes to get to Ajman, 8 minutes to Sharjah, 30 minutes to Dubai, and 35 minutes to RAK.

Project Specifications
DeveloperAjmal Makan
LocationHamriya West
Unit TypesStudio, 2 BR, Apartments
AreaHamriya West
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 20,022 / year
Cash-on-Cash
1.8%
Levered cashflow AED 4,710
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 30,160 / 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
Blue Pearls launch basis516AED 464,000Current 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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Astraterra Properties

Official Documents

Download official marketing materials from Ajmal Makan.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

Arbour
BBQ
Central A/C
Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Electric Vehicle Charger
Fountain
Kids Play Area
Landscape Open Areas
Landscaped garden
Leisure areas
Lift
Lobby
Open Kids Play Area
Parking
Pool Deck
Private beach access
Resting Areas
SPA
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Sitting Area
Social zone
Sunken Seating
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

Blue Pearls by Ajmal Makan

02

Located in Hamriya West

03

Starting from AED 464,000

04

Unit mix includes Studio, 2 BR, Apartments

05

Expected handover: Dec 2025

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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