Faradis Tower: A Sharjah High-Rise With a 10% Entry Point and Sea-Adjacent Living
Who Built It and What It Is
Tiger Properties is the developer behind Faradis Tower, a residential apartment project in Al Mamzar, Sharjah. Tiger has been active across the UAE for over two decades, with a portfolio spread across Sharjah and Dubai. This is a mid-to-large scale tower offering apartments across a wide price range, with construction underway since April 2024.
What the Location Actually Means
Al Mamzar sits at the northeastern edge of Sharjah, right on the border with Dubai. That boundary matters. Residents get Sharjah's lower cost of living and property prices while staying within easy reach of Deira, Dubai's eastern districts, and the wider Dubai road network.
The Al Mamzar area itself has a beach park, an established residential community, and good connectivity via Al Ittihad Road. For someone commuting into Dubai, this is one of the more practical Sharjah locations. For an investor, the cross-border appeal broadens the tenant pool. You are not limited to Sharjah-based workers. Many Dubai employees rent here to manage costs.
What the Price Spread Tells You
The range runs from AED 1.25 million to AED 2.67 million. That is a wide gap, and it reflects what you typically see in a tower with multiple floor levels and varying unit sizes. A buyer at the lower end is likely looking at a compact apartment on a lower floor. Someone at the upper end is probably after a larger unit, a higher floor, or both, along with the views and finishes that come with that.
If your budget sits around the AED 1.25 million mark, you are getting into a sea-adjacent Sharjah project at a price point that is difficult to replicate on the Dubai side of Al Mamzar. At AED 2.67 million, you are paying for scale and position within the building, and you would want to see the specific floor plans before committing.
Who Each Unit Type Suits
The project offers apartments only. No townhouses, no villas. That makes the buyer profile fairly clear: end-users who want a lock-up-and-leave lifestyle, investors targeting the rental market, or professionals relocating from Dubai who want more space for less money. Families are not excluded, but the absence of multi-floor units means larger families may find the floor plans limiting depending on size availability.
What the Amenities Say
| Category | Facilities |
|---|---|
| Fitness and Sport | Gymnasium, Tennis Courts, Cycle Track, Well-being and Fitness |
| Outdoor and Leisure | Landscaped Parks, Beach Access, Shared Pool |
| Family and Community | Children's Play Area |
| Services and Security | Valet Parking, Security |
Beach access is the standout here. In a project at this price level, direct or close beach access is not a given, and it will carry weight with both tenants and resale buyers. The fitness offering is broad for a single tower, suggesting the developer is targeting residents who want amenity variety without leaving the building. Valet parking is a useful signal too. It points toward a resident who expects a managed, service-oriented environment.
Where the Project Stands on Timeline
Construction started in April 2024, with expected completion set for February 2027. That gives an off-plan buyer entering now roughly nine months before handover, which is a relatively short remaining window. You are not committing to a three or four-year wait. The bulk of the construction risk has already passed, and the project is in its later building phase. Verify current construction progress directly before signing.
Getting In for 10%
| Stage | Percentage |
|---|---|
| Down Payment | 10% |
| During Construction | 50% |
| On Handover | 10% |
| Post-Handover | 30% |
10% down is genuinely low by UAE off-plan standards, where 20% is common. On a AED 1.25 million unit, that means getting in for around AED 125,000. The construction instalments spread across the remaining build period, so your cash outflow is staged rather than front-loaded.
The 30% post-handover component is meaningful for cash flow planning. You move in or hand keys to a tenant while still paying off nearly a third of the purchase price. That structure can make the numbers work for investors who are relying partly on rental income to fund the later payments. Confirm the post-handover payment schedule and duration with the developer before proceeding.