Sales cross AED 5.8bn
The Sharjah Investment and Development Authority (Shurooq) has reported exceptional results across its real estate portfolio, with total investments and partnerships reaching AED 5.8bn and 96.4% in units sold across three flagship developments – Maryam Island, Sharjah Sustainable City, and Ajwan in Khorfakkan.
Together, these projects comprise 4,520 units, of which 4,358 have been sold to local and international buyers, reflecting the strong global appetite for Sharjah’s property market.
Maryam island
Maryam Island, a flagship waterfront development and joint venture with Eagle Hills, has sold 3,037 of its 3,083 units (99%), generating AED 3.14bn in total sales. To date, 1,278 units have been handed over, with the remaining units scheduled for phased delivery through to 2028.
In the first half of 2025, 138 units were sold, totalling AED 220mn, and marking a 15% year-on-year increase in average price per square foot. The development, spanning 3.19mn, continues to progress with key projects under construction, including Jawaher, Crystal, Aysha, and Mesk Residences.
Sharjah Sustainable City
Developed in partnership with Diamond Developers, Sharjah Sustainable City has fully sold its 1,252 units, achieving AED 2.5bn in sales by the end of June 2025. Spanning over 3.29mn sqft, the master-planned community integrates renewable energy systems, water recycling solutions, and eco-friendly infrastructure designed to reduce water consumption and cut carbon emissions.
Ajwan Khorfakkan
Ajwan Khorfakkan has sold 104 of its 185 units (62%), generating AED 271mn in sales. The development will add 682,119sqft of premium living space to the Khorfakkan waterfront, strategically positioning it as one of the emirate’s most exclusive coastal communities.
“Our AED 5.8bn on 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,” commented Yousif Ahmed Al Mutawa, Chief Real Estate Officer, Shurooq.
