Amwaj Tower on Ajman Corniche: Apartments from AED 975K with 10% Down
Azha Development has launched Amwaj Tower on Ajman Corniche Road, within the Ajman Corniche Residences master community. Construction began this month, with the project now underway. Handover is expected in May 2029, roughly 34 months from today.
The entry price is AED 975,000, applying to one-bedroom units. The project also includes two-bedroom and three-bedroom configurations.
Getting In for 10%
The payment plan divides the purchase price across four phases:
| Phase | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 36% |
| At handover | 18% |
| Post-handover | 36% |
A 10% down payment on an AED 975,000 unit means AED 97,500 to secure the apartment. The construction-phase payments of 36% spread across roughly three years of build time. The key element in this structure is the 36% post-handover balance: after receiving the keys, a buyer still owes more than a third of the total purchase price. For an end-user, that means continued instalment payments while already living in the property. For an investor, rental income from day one runs parallel with those post-handover instalments, which directly affects the early yield calculation. The 10% entry and distributed construction payments keep the cash burden light during the build phase.
Ajman Corniche Road
Ajman Corniche Road runs along the emirate's waterfront. Ajman Corniche Residences is an established residential cluster on this stretch, with direct access to the seafront promenade. A corniche address means a waterfront walkway, open water views, and proximity to the shoreline as everyday features of the location.
The emirate sits north of Sharjah, and the address connects to both emirates easily. For daily commuters, Sharjah's commercial districts are accessible in under 30 minutes, and Dubai is reachable via Emirates Road in roughly 45 to 50 minutes during off-peak hours. The location works for buyers who operate across either emirate and want a waterfront position at Ajman pricing.
One-, Two-, and Three-Bedroom Apartments
Amwaj Tower covers one-, two-, and three-bedroom apartments. Unit footprints are generous across all configurations:
- 1-bedroom: 1,179 to 1,404 sq ft
- 2-bedroom: 1,793 to 2,032 sq ft
- 3-bedroom: 2,775 to 3,054 sq ft
The AED 975,000 entry price applies to 1-bedroom units ranging from 1,179 to 1,404 sq ft. At the upper end of that band, buyers get over 1,400 sq ft at the starting price. The 2-bedroom footprints start above 1,793 sq ft, and the largest 3-bedroom layouts reach just over 3,050 sq ft. The three bedroom types serve distinct buyer profiles: the 1BR at AED 975,000 is the natural investor entry point, while the 2BR and 3BR configurations are sized for families or buyers who need room to spread out.
Amenities
| Category | Facilities |
|---|---|
| Fitness & Recreation | Gymnasium, Indoor Swimming Pool |
| Outdoor & Leisure | Landscaped Gardens, Children's Play Area |
| Dining | Restaurants |
| Security | CCTV Security |
The indoor swimming pool stands out in this set. An indoor facility offers year-round usability regardless of outdoor temperature, making it practical for residents who want to swim as a regular routine rather than only in the cooler months. On-site dining and a gymnasium give the building self-contained lifestyle infrastructure. The landscaped gardens and children's play area, taken together, point toward a resident mix of families and longer-stay tenants as the primary occupant profile.
Three Years to Handover
Construction began July 2026. Handover is targeted for May 2029, roughly 34 months from now. Buyers entering at this stage take an off-plan position with the build freshly underway, meaning the full three-year construction payment schedule lies ahead. Entering at this point gives buyers the most time under the construction-phase payment plan before the handover balance falls due.
End-users get a defined runway to plan before taking possession. Investors committing now are pricing in a three-year forward view on Ajman Corniche values, with the post-handover structure providing continuity into the first years of ownership rather than concentrating all cash requirements at delivery.