Sharjah Real Estate Sales Exceed Expectations

Shurooq reports impressive real estate sales, totaling Dh5.8 billion with 96% of units sold across three major projects: Maryam Island, Sharjah Sustainable City, and Ajwan Khorfakkan. Over 4,000 units were acquired by both local and international buyers. The portfolio encompasses 4,520 units, with 4,358 already sold. Shurooq's real estate sales have demonstrated robust growth, achieving a 48.9% compound annual rate from 2018 to 2024, surpassing industry benchmarks.

Maryam Island, a waterfront project developed in partnership with Eagle Hills, has nearly reached full sellout, with 99% of its 3,083 units sold for Dh3.14 billion. The project spans 3.19 million square feet, and handovers have been completed for 1,278 units. Sales in the first half of 2025 reached 138 units, generating Dh220 million, reflecting a 15% increase in price per square foot. The development includes Jawaher, Crystal, Aysha, and Mesk Residences, alongside retail and leisure facilities. Sharjah Sustainable City has successfully sold all 1,252 units for Dh2.5 billion by June. This eco-community, developed with Diamond Developers, covers 3.29 million square feet and incorporates sustainable features like solar power and water recycling.

Ajwan Khorfakkan has seen strong sales, with 62% of its 185 units sold for Dh271 million. This 682,119 square foot project focuses on premium coastal living and features amenities such as the UAE's first east coast waterpark, a marina, and various retail, sports, and leisure options. The project benefits from its proximity to beaches, parks, and dams, with easy access to Sharjah and Dubai airports.

The strong performance of Shurooq's projects aligns with positive market trends, including rising residential prices in the UAE and increased investment in urban and sustainable developments. Yousif Ahmed Al Mutawa, Chief Real Estate Officer at Shurooq, highlighted the company's role in Sharjah's urban transformation and its commitment to providing long-term value for investors. He also mentioned plans to launch new projects to further strengthen Sharjah's real estate landscape and support sustainable economic growth.