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Sharjah Investment and Development Authority (Shurooq) reports outstanding real estate performance, with 96.4% of units sold across three landmark developments, underscoring strong investor confidence in Sharjah’s growing property market.
Key Highlights:
- Total real estate investments and partnerships reached Dh5.8 billion
- 96.4% of units sold across Maryam Island, Sharjah Sustainable City, and Ajwan Khorfakkan
- 4,358 units sold out of a total 4,520 to local and international buyers
- Real estate sector contributes 7.6% to UAE’s non-oil GDP
- Shurooq achieved a 48.9% CAGR in real estate sales between 2018 and 2024
Maryam Island performance
- 99% sold (3,037 of 3,083 units)
- Total sales value of Dh3.14 billion
- 1,278 units handed over, with phased delivery continuing until 2028
- Average price per sq ft rose 15% YoY in H1 2025
- Ongoing construction includes Jawaher, Crystal, Aysha, and Mesk Residences
Sharjah Sustainable City
- 100% sold across 1,252 units
- Total sales reached Dh2.5 billion
- Phases 1, 2, and 3 fully handed over
- Phase 4 scheduled for completion in Q4 2025
- Community integrates renewable energy, water recycling, and eco-friendly infrastructure
Ajwan Khorfakkan
- 62% sold (104 of 185 units), generating Dh271 million
- Adds over 682,000 sq ft of premium waterfront living
- Will feature the UAE’s first east coast waterpark, marina, retail promenade, and leisure facilities
- Located within 90 minutes of Dubai and Sharjah airports
Industry outlook
- Sharjah recorded Dh27.1 billion in real estate transactions in 2024
- UAE residential prices rose 12.8% YoY
- Global real estate investment volumes forecast to grow 8% in 2025 (JLL)
Leadership insight
- Shurooq confirms new landmark projects are in development
- Focus remains on long-term value, sustainability, and community-driven growth
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