With total investments and partnerships reaching Dh5.8 billion and 96.4% of units sold across three flagship developments—Maryam Island, Sharjah Sustainable City, and Ajwan in Khorfakkan—the Sharjah Investment and Development Authority (Shurooq) has achieved remarkable results across its real estate portfolio. These projects include 4,520 apartments, of which 4,358 have been sold to both domestic and foreign customers, demonstrating the high demand for Sharjah’s real estate market worldwide.
With the real estate industry accounting for 7.6% of the country’s non-oil GDP, the performance strengthens Shurooq’s standing as a significant contributor to the GDP of the UAE. Shurooq’s real estate sales grew at a compound annual growth rate (CAGR) of 48.9% between 2018 and 2024, greatly above sector averages thanks to the delivery of high-quality, strategically placed developments and strong investor trust.
The UAE’s residential property prices have increased 12.8% year over year, according to CBRE’s UAE Real Estate Market Review (Q2 2025), while Sharjah registered Dh27.1 billion in real estate transactions in 2024, a 14% increase over the previous year. This growth is consistent with global trends; according to JLL, urban population growth and ongoing interest in sustainable, mixed-use communities will generate an 8% increase in real estate investment volume globally in 2025.
Maryam Island
A joint venture with Eagle Hills, Maryam Island is a landmark waterfront development that has sold 3,037 of its 3,083 units (99%), bringing in Dh3.14 billion. 1,278 units have been delivered thus far; the remaining units will be delivered gradually through 2028.
The average price per square foot increased by 15% year over year in the first half of 2025, with 138 units sold for a total of Dh220 million. With major projects including Jawaher, Crystal, Aysha, and Mesk Residences under construction, the 3.19 million square foot development is still moving forward.
Al Mamzar beachfront and the adjacent public domain have already benefited from Maryam Island’s delivery of a variety of residential and commercial assets. In order to improve the development’s lifestyle offering and investment attractiveness, future phases will continue to supply high-quality residential units along with further community amenities like retail, recreation, and supporting infrastructure.
Sharjah Sustainable City
Sharjah Sustainable City, which was built in collaboration with Diamond Developers, has sold all 1,252 of its units, bringing in Dh2.5 billion by the end of June 2025. The master-planned community, which spans more than 3.29 million square feet, incorporates eco-friendly infrastructure, water recycling options, and renewable energy systems to lower carbon emissions and water use. Phase 4 construction is expected to be finished in Q4 2025, while Phases 1, 2, and 3 have been completed.
Sharjah Sustainable City aggressively implements sustainability programs and community engagement activities that support social cohesion and environmental stewardship in addition to its built environment. These initiatives result in quantifiable gains in resource efficiency, including reduced water and energy use, as well as enhanced community waste management techniques.
Ajwan Khorfakkan
Ajwan Khorfakkan has made Dh271 million in sales, having sold 104 of its 185 apartments (62%). The development will strategically position the Khorfakkan waterfront as one of the most exclusive coastal communities in the emirate by adding 682,119 square feet of luxury housing space.
When finished, Ajwan would include luxurious homes along with planned features such a marina, retail promenade, sports facilities, recreational attractions, and the first waterpark on the east coast of the United Arab Emirates.
The development’s east coast location puts it close to popular destinations like Shees Park, Al Rafisah Dam, Khorfakkan Beach, and Khorfakkan Amphitheatre. Sharjah International Airport and Dubai International Airport are both conveniently located within a 90-minute drive of Ajwan. Ajwan is a unique lifestyle and investment option when compared to other waterfront projects in the area because of its connectivity, Khorfakkan’s rising reputation as a top tourist destination on the east coast of the United Arab Emirates, and its developing global positioning as a gateway for leisure, cultural, and marine tourism.
Driving Sharjah’s urban transformation
Yousif Ahmed Al Mutawa, Chief Real Estate Officer at Shurooq, said: “Our Dh5.8 billion real estate portfolio underscores Shurooq’s position as a key driver of Sharjah’s urban transformation and a trusted partner for investors seeking long-term value. The strong sales performance across Maryam Island, Sharjah Sustainable City, and Ajwan reflects sustained demand, a diversified investor base, and the strategic alignment of our developments with market needs.
Al Mutawa added: “As we build on this momentum, we are preparing to launch new landmark projects that will further strengthen Sharjah’s competitiveness, enhance its real estate landscape, and support its vision for sustainable economic growth.”
In keeping with its plan to improve Sharjah’s standing in the regional real estate market through superior initiatives that blend economic viability and community impact, Shurooq has confirmed that additional real estate project announcements are in the works.
