Mawjan Residence by Aqaar Properties on Ajman Corniche
Quick Information
Detail | Information |
|---|---|
Developer | Aqaar Properties (Ajman Properties Corporation) |
Location | Al Rumailah 2, Ajman Corniche, Ajman |
Property type | Studio to 3-bedroom apartments |
Starting price | From around AED 583,000 |
Payment plan | 5% down, 36% during construction, 32% on handover, 27% post-handover |
Handover | Q4 2028 |
Ownership | Freehold, open to all nationalities |
Mawjan Residence is a sea-facing residential tower on Ajman Corniche, developed by Aqaar Properties, the property company established by the Government of Ajman. It sits in Al Rumailah 2, about 200 metres from the beach, and offers studios through to three-bedroom apartments with sea, partial sea and city views.
Two things set it apart in the Ajman market. The first is the location, right on the emirate's most sought-after stretch of coastline rather than inland. The second is the payment plan: buyers pay only 41% before handover and spread the remaining balance across handover and two years after completion, which makes a beachfront apartment far easier to afford month to month than a standard off-plan structure.
Project Overview
Attribute | Details |
|---|---|
Project name | Mawjan Residence (also marketed as Mawjan Tower and Mawjan Beach Residences) |
Developer | Aqaar Properties |
Location | Al Rumailah 2, Ajman Corniche, Ajman, UAE |
Status | Off-plan, under construction |
Unit types | Studios, 1, 2 and 3-bedroom apartments |
Unit sizes | Approximately 585 to 3,341 sq ft |
Distance to beach | About 200 metres |
Handover | Q4 2028 |
Location and Connectivity
Ajman Corniche is the emirate's main waterfront, lined with hotels, cafes, restaurants and a public beach. Al Rumailah 2 sits along this stretch, which puts Mawjan Residence within walking distance of the sea and close to the everyday services of central Ajman. The corniche also connects north to Ajman's older districts and south toward the Sharjah border, making it one of the more practical coastal addresses for people who work in Sharjah or Dubai.
Destination | Approximate distance or drive time |
|---|---|
Ajman Beach | About 200 metres |
Ajman Corniche hotels, cafes and restaurants | Walking distance |
Ajman City Centre | A short drive |
Sharjah city | About 15 to 20 minutes |
Sharjah International Airport | About 25 minutes |
Dubai | About 30 to 45 minutes |
Drive times are approximate and depend heavily on traffic, particularly at peak hours on the roads between Ajman, Sharjah and Dubai. It's worth testing the commute at rush hour if you plan to work in Dubai.
Property Types, Layouts and Sizes
Mawjan Residence covers every common apartment type, from compact studios suited to rental investors to large three-bedroom homes for families. Pricing is set by floor and view, so the same layout can vary noticeably in price depending on whether it faces the sea or the city.
Unit type | Approximate size | Starting price |
|---|---|---|
Studio | From about 585 sq ft | From around AED 583,000 |
1-bedroom | About 1,007 to 1,709 sq ft | From around AED 1 million |
2-bedroom | About 1,300 to 2,892 sq ft | From around AED 1.8 million |
3-bedroom | About 2,278 to 3,341 sq ft | From around AED 2.7 million |
How views affect price
Published pricing splits the tower into three view categories. Sea view units are priced at roughly AED 1,200 to 1,270 per sq ft, partial view units at about AED 1,100 to 1,170 per sq ft, and city view units at about AED 1,000 to 1,070 per sq ft. City-view one-bedrooms have been advertised from around AED 850,000, below the headline one-bedroom price. Confirm the current rate for a specific floor and view with the sales team, since prices move as inventory sells.
Payment Plan and Purchase Details
The payment plan is the strongest part of the Mawjan offer. It starts with just 5% down, runs as small monthly instalments during construction, and continues for two years after handover.
Payment stage | Percentage |
|---|---|
Down payment | 5% |
During construction (about 1% monthly over 36 months) | 36% |
On handover (Q4 2028) | 32% |
Post-handover instalments (about two years) | 27% |
In practice, buyers can move into or rent out the apartment after paying 73% of the price, then cover the last 27% over roughly two years, potentially using rental income. The sales team has also advertised a discount of up to 20% for buyers who pay in full, which is worth asking about if you have the cash available.
Ajman permits freehold ownership for all nationalities in designated areas, and Mawjan Residence is sold on a freehold basis.
Amenities and Lifestyle
The amenities focus on the essentials for beachfront living, with most facilities inside the building so residents don't need to leave for a swim, a workout or somewhere for the children to play.
Leisure and wellness
Temperature-controlled and infinity swimming pools, plus an indoor pool
Fitness centre, fitness lounge with yoga and sauna
Spa facilities and poolside cabanas
Family and outdoor
Children's play area
Landscaped gardens and outdoor seating
Barbecue area
Walking access to Ajman Beach
Building services
24/7 security and concierge
Covered, multi-level parking
Smart home systems
Retail outlets, cafe and restaurants
Investment Perspective
Ajman has become the UAE's main affordable coastal market. Buyers who can't justify Dubai Marina or JBR prices look at Ajman Corniche for sea views at a fraction of the cost, and demand from renters who work in Sharjah and Dubai keeps occupancy along the corniche strong.
Government-backed developer: Aqaar was set up by Emiri decree, which gives buyers added confidence on delivery compared with smaller private developers.
Cash flow: The post-handover plan lets investors rent out the apartment while still paying off 27% of the price.
Location premium: Beachfront land on Ajman Corniche is limited, which tends to support resale values over time.
Golden Visa: The UAE's 10-year property investor Golden Visa requires property worth AED 2 million or more. Larger two-bedroom and all three-bedroom units reach that level; studios and one-bedrooms do not on their own.
Commute risk: Rental demand relies partly on people commuting to Sharjah and Dubai, and traffic on those routes is a real factor for tenants.
This is general market context, not financial advice.
About Aqaar Properties
Aqaar Properties, formally the Ajman Properties Corporation, was established under Ajman Emiri Decree No. 9 of 2016. It is the Government of Ajman's real estate development arm, created to build residential, mixed-use and community-focused projects that support the emirate's growth.
Since then, Aqaar has become one of the most active developers on Ajman's waterfront. Its portfolio includes Ajman Corniche Residences, a scheme of seven connected towers near the coast, Dusit Thani Residences Ajman in partnership with the Thai hospitality group, and Mawjan Residence. Most of its work is concentrated along the corniche, where it has helped raise the standard of new residential supply in the emirate.
For buyers, the government link matters. Off-plan purchases rely on a developer's ability to finish the job, and a state-established corporation brings a level of backing and accountability that smaller private developers can't match. Aqaar has also used buyer-friendly terms such as long post-handover plans and zero commission sales to compete for investors from across the UAE and abroad.
About Ajman Corniche
Ajman Corniche is the emirate's main coastal strip, running along the Arabian Gulf with a public beach, a paved promenade and a line of hotels, restaurants and cafes. It's the most established and most popular residential area in Ajman for people who want to live near the sea.
Al Rumailah, where Mawjan Residence sits, is part of this waterfront belt. Residents have beach access, well-known hotels along the corniche, and central Ajman's shops, clinics and schools within a short drive. Ajman City Centre and other shopping options are close by, and the area connects easily to Sharjah to the south.
What draws buyers here is the balance of lifestyle and cost. Ajman Corniche offers genuine beachfront living, and homes sell and rent for a small fraction of what similar sea-view apartments cost in Dubai. With new projects from established and government-backed developers arriving along the strip, the corniche is steadily moving upmarket while still remaining one of the most affordable coastal addresses in the country.