Reportage Group and Sabah Investment Group showcase their sea breeze projects and highlight investment opportunities in Azerbaijan

A new Dh1.2 billion waterfront residential project in Sharjah attracted expressions of interest equal to 150 percent of its inventory within one hour of launching on Tuesday. The developer, Alef Group, stated that the rapid uptake indicates strong demand for properties in the emirate. The project, named Seef Residences, comprises 862 available homes. While these expressions represent preliminary demand, they do not guarantee confirmed sales. The launch event took place on October 20 at the Al Jawaher Reception and Convention Centre in Sharjah. More than 2,000 people attended the gathering. Raed Kajoor Al Nuaimi, the chief executive officer of Alef Group, noted that the emirate continues to strengthen its position as a destination for living and investment. He attributed this confidence to both local and international buyers. Al Nuaimi added that the emirate’s ongoing investment in infrastructure and urban development reflects a clear ambition for its future. He described Alef’s role as contributing to that ambition through projects shaped around resident needs. Seef Residences is located in Al Khan on a peninsula overlooking Al Mamzar Lake, Al Khan Lagoon, and the Arabian Gulf. The site covers approximately 30,287 square meters. The development consists of five residential buildings featuring one, two, three, and four-bedroom apartments, along with a limited number of penthouses. Construction is scheduled for completion by September 30, 2030. Pricing starts at Dh895,000 for one-bedroom units. Two-bedroom units begin at Dh1.295 million, while three-bedroom homes start at Dh2.195 million. The site offers roughly 100 meters of beach frontage, 150 meters of canal waterfront, and 125 meters along Al Khan Lagoon. Three of the residential buildings face the beach directly. Amenities include swimming pools, landscaped areas, children’s facilities, a gym, and a waterfront promenade containing retail and dining outlets. The location provides access to major roads connecting Sharjah and Dubai. According to the developer, the Dubai border is 10 to 15 minutes away, depending on traffic. Sharjah International Airport is approximately 22 to 25 minutes distant. The area is expected to benefit from Dh750 million in road improvement projects announced by the Sharjah government to enhance connections with Dubai. Market data supports the optimism surrounding the launch. The Sharjah Real Estate Registration Department reported that real estate transactions reached Dh46.8 billion during the first nine months of 2026. This represents a 5.6 percent increase compared to the same period last year. The emirate recorded 91,560 total transactions, including 24,749 property sales. Al Khan specifically accounted for 1,581 sales transactions worth approximately Dh2 billion during that timeframe. Separately, Reportage Group and Sabah Investment Group showcased four real estate projects in Azerbaijan. The partners held an event in Abu Dhabi to present developments within Sea Breeze, an integrated residential and resort destination on the Caspian coast near Baku. The featured projects included Reportage Heights, Panorama by Elie Saab, Arabian Ranches Baku, and Brabus Island. Andrea Nucera, group managing director at Reportage Group, stated that the company identifies markets where it can deliver projects responding to local demand. Orkhan Mustafayev, founder and chairman of Sabah Investment Group, said the collaboration aims to strengthen Sea Breeze’s appeal as a destination to live, visit, and invest. Sea Breeze is situated on the Caspian Sea coast, approximately 30 minutes from central Baku. The development spans around 500 hectares and includes more than three million square meters of completed residential and commercial space. It is home to more than 20,000 residents. Founded by businessman Emin Agalarov, the community combines residential and tourism accommodation with commercial and leisure facilities. The master plan, designed by the British firm Scott Brownrigg, covers an 18-kilometer coastal strip. All phases are targeted for completion by 2035.