In a remarkable surge, Shurooq real estate sales have reached an impressive $1.58 billion, highlighting the burgeoning demand for properties in Sharjah as various projects approach sell-out status. This growth underscores investor confidence and signals Sharjah’s pivotal role in the United Arab Emirates’ non-oil economy. As developments across the emirate gain traction, it’s evident that both local and international investors are increasingly drawn to Sharjah’s real estate potential.
The results underline the growing local and international demand for Sharjah property and reinforce the emirate’s expanding role in the UAE’s non-oil economy.
Across Maryam Island, Sharjah Sustainable City, and Ajwan in Khorfakkan, a total of 4,358 out of 4,520 residential units have been sold, reflecting sustained investor confidence and appetite for strategically located, high-quality developments.
Sharjah Real Estate Growth
The performance further cements the Sharjah Investment and Development Authority’s position as a major contributor to the UAE’s non-oil GDP, with the real estate sector accounting for 7.6 percent of the national non-oil economy.
Between 2018 and 2024, Shurooq recorded a compound annual growth rate of 48.9 percent in real estate sales, significantly outperforming wider market averages.
This remarkable growth has been driven by consistent project delivery, strategic site selection, and strong investor confidence.
According to CBRE’s UAE Real Estate Market Review for Q2 2025, residential property prices across the UAE rose 12.8 percent year-on-year.
Sharjah reported AED27.1 billion ($7.38 billion) in real estate transactions during 2024, marking a notable 14 percent increase compared to the previous year.
Globally, JLL forecasts an 8 percent rise in real estate investment volumes in 2025, driven by urban population growth and sustained demand for sustainable, mixed-use communities.
Shurooq Sales Performance
Maryam Island, Shurooq’s flagship waterfront development and a collaboration with Eagle Hills, has successfully sold 3,037 of its 3,083 units, showcasing a remarkable 99 percent sell-through rate. The total sales value has reached AED3.14 billion ($855 million), with 1,278 units already handed over and the remaining units set for phased delivery until 2028.
In the first half of 2025 alone, 138 units were sold for a total of AED220 million ($59.9 million), reflecting a 15 percent year-on-year increase in average price per square foot.
Spanning 3.19 million square feet, the development continues to progress with key projects under construction, including Jawaher, Crystal, Aysha, and Mesk Residences.
Maryam Island has already delivered residential and commercial assets that have enhanced the Al Mamzar waterfront and surrounding public realm. Future phases will introduce additional residential units alongside retail and leisure facilities designed to bolster lifestyle appeal and long-term investment value.
Sharjah Sustainable City
Developed in partnership with Diamond Developers, Sharjah Sustainable City has fully sold all 1,252 residential units, generating AED2.5 billion ($681 million) in sales by the end of June 2025.
Covering more than 3.29 million square feet, this master-planned community integrates renewable energy systems, water recycling, and eco-friendly infrastructure aimed at reducing water consumption and lowering carbon emissions.
Phases 1, 2, and 3 have been completely handed over, with Phase 4 scheduled for completion in the fourth quarter of 2025.
Beyond its built environment, the development continues to implement sustainability initiatives and community engagement programs that foster environmental stewardship, social cohesion, and measurable improvements in energy efficiency, water management, and waste reduction.
Ajwan Khorfakkan
Ajwan Khorfakkan has sold 104 out of its 185 units, representing 62 percent of available inventory and generating AED271 million ($73.8 million) in sales. The project will contribute 682,119 square feet of premium residential space to the Khorfakkan waterfront.
Once completed, Ajwan will feature high-end residences alongside amenities, including the UAE’s first east coast waterpark, a marina, retail promenade, and sports facilities.
Its strategic location offers proximity to Khorfakkan Beach, Khorfakkan Amphitheatre, Shees Park, and Al Rafisah Dam, all within a 90-minute drive of Sharjah International Airport and Dubai International Airport.
This connectivity, combined with Khorfakkan’s rising profile as a tourism and leisure destination, positions Ajwan as a unique lifestyle and investment proposition on the UAE’s east coast.
Yousif Ahmed Al Mutawa, Chief Real Estate Officer at Shurooq, stated: “Our AED5.8 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.
“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.”