Ajman’s Mawjan Tower Debuts at IPS 2026 — A 40-Storey Bid for Global Property Investors

Aqaar brings Mawjan Tower to IPS 2026 and the global real estate UAE audience

Aqaar is taking its latest waterfront launch directly to the global real estate UAE audience at IPS 2026, and the move matters for anyone watching Gulf housing prices and investment flows. The developer will appear as a Platinum Sponsor at IPS 2026 (7–9 September, Dubai World Trade Centre) to present Mawjan Tower, a 40-floor residential tower on Ajman Corniche that occupies 149,944 square metres of gross development area.

That is a sizable project for Ajman — ambitious in scale, heavy on parking and amenities, and aimed at international buyers and institutional capital. In this article we unpack what Mawjan Tower is, why Aqaar’s IPS appearance matters for Ajman’s property market, what buyers and investors should check before committing, and the genuine risks alongside the opportunity.

Project snapshot: what Mawjan Tower will deliver

Mawjan Tower is positioned as a waterfront residential complex with the following headline specifications drawn from Aqaar’s IPS presentation and press material:

• Total area: 149,944 sq m
• Residential floors: 40
• Podium levels: 5 (amenities and services)
• Parking levels: 3, offering more than 1,000 parking spaces
• Location: Ajman Corniche, with views over the Arabian Gulf

The development is described as mixing contemporary architecture with integrated resident facilities and panoramic sea views. Aqaar says the unit mix is diverse and designed to meet evolving homeowner and investor expectations. That combination — scale, waterfront siting, and infrastructure — is an explicit attempt to add a major residential offering to Ajman’s skyline.

Why IPS 2026 matters for a project in Ajman

IPS is one of the region’s major real estate marketplaces, and Aqaar’s decision to take a platinum sponsorship slot is strategic. The event gathers developers, investors, government entities, financial institutions, PropTech firms, and consultants from across the world.

Dawood Al Shezawi, President of IPS, summed up the logic: “Aqaar’s participation as a Platinum Sponsor strengthens the regional depth of IPS 2026 and brings greater international visibility to the real estate opportunities emerging across Ajman.”

From a market perspective, exhibiting at IPS does three practical things for a project like Mawjan Tower:

• Raises awareness among international buyers and capital allocators who may not routinely track Ajman listings
• Creates a forum for pre-sales, partnership conversations, and off-plan investment enquiries
• Signals confidence: a platinum sponsorship is a marketing cost that suggests the developer expects material interest

The immediate aim is to widen exposure for Mawjan Tower so that foreign demand contributes to the sales pipeline, rather than relying on local traffic alone.

What this means for Ajman’s property market — short and medium term

Ajman’s property sector has been evolving. Aqaar positions its portfolio as one built around considered planning, development quality, and customer needs, and Mawjan Tower is pitched as a contribution to that evolution.

From where we sit, the project has a number of market-level implications:

• Waterfront inventory growth: A 40-storey tower on Ajman Corniche increases high-rise waterfront supply, which can shift local price dynamics for seaside apartments.
• Investor attention: IPS-level exposure can redirect some diaspora and overseas investor interest from more mature markets in Dubai and Abu Dhabi to Ajman.
• Competition for amenities-driven buyers: Integrated podiums and abundant parking aim to attract buyers who expect lifestyle elements alongside residential units.

Khaled Al Hosani, Executive Director of Ajman Properties Corporation, Aqaar, said the participation “represents an important opportunity to strengthen Aqaar’s presence among investors and real estate professionals, while showcasing our portfolio and the investment opportunities available in Ajman.” That sums up the sales strategy: increase visibility, then convert.

Investment case — reasons to consider Mawjan Tower and Ajman property

If you are an investor looking at UAE property, Mawjan Tower has several features that could make it interesting:

• Waterfront location: Sea-view units tend to command a premium in resale and rental markets compared with inland apartments, all else equal.
• Scale and amenities: The five podium levels dedicated to resident amenities are likely to support demand from end-users seeking lifestyle features.
• Parking supply: More than 1,000 parking spaces across three parking levels is a material plus in a market where parking can be a constraint for larger developments.
• Developer marketing push: Platinum sponsorship at IPS implies Aqaar is allocating serious marketing resources to attract international buyers.

For buyers focused on long-term capital appreciation or rental income, these elements matter. The ability to attract tenants and resale buyers often hinges on location, amenity package, build quality, and developer reputation.

However, here is where I add a caution from experience: those advantages are conditional. Waterfront status matters only if the market sustains demand for such properties; podium amenities and parking only add value if they're delivered and well-managed; international sales depend on transparent title, clear payment schedules, and practical access to the property for tenants and owners.

Risks and what to check before committing

Prominent developments invite attention, but they also bring risk. We identify the key issues buyers and investors must check before they sign anything:

• Developer track record: Review Aqaar’s completed projects, delivery timelines, warranty and post-handover service records. Look for independent legal confirmation of the developer’s claims.
• Title and approvals: Confirm that project approvals, master community plans and land titles are registered and backed by the relevant Ajman authorities.
• Payment plan and escrow protections: Off-plan purchases should have clear escrow arrangements and a payment schedule that matches construction milestones.
• Market liquidity: Ajman has a different liquidity profile to Dubai. Ask your broker for recent resale transaction evidence and time-on-market figures for similar buildings.
• Completion guarantees: Seek clarity on penalties for late delivery, and whether temporary rental programs are available if delivery is delayed.
• Service charges and running costs: High-rise waterfront buildings can carry elevated maintenance bills. Request draft service charge budgets and reserve fund policies.

A practical due diligence checklist for prospective buyers:

• Confirm the developer’s company registration and recent financial disclosures
• Ask for a masterplan and engineering reports for coastal resilience and foundations
• Verify the unit floor plans, finishes schedule, and any appliance or fixture lists
• Obtain a copy of the draft sale and purchase agreement for legal review
• Request examples of comparable units’ rental income and sale prices in Ajman

These steps are basic but essential; skipping them increases delivery and liquidity risk.

Who is Aqaar and why their IPS move matters

Aqaar is presented in the press materials as one of Ajman’s leading real estate developers with a diversified portfolio. The developer’s stated priorities are development quality, long-term value creation and customer experience.

There are strategic reasons a regional developer will sponsor IPS at platinum level. For Aqaar, the goals are:

• International visibility for large-scale projects
• Access to investor networks and capital partners
• Reinforcing Ajman’s investment proposition versus more saturated UAE markets

If Aqaar’s track record matches its claims, international investors could see Mawjan Tower as an entry point into Ajman, especially for buyers priced out of Dubai’s top-tier waterfront options. But the reverse is possible: if the developer’s delivery is slow or the market softens, buyers who paid premium prices at launch could face extended resale timelines.

How to read the market signal from Mawjan Tower’s IPS launch

When a developer takes a major exhibition slot, it is a signal of intent. Aqaar is signaling that Ajman should be on the radar of global investors.