Shurooq sells 4,000+ units for Dh5.8 billion across Sharjah flagships
Sharjah’s real estate sector has seen a surge in activity, with developer Shurooq reporting Dh5.8 billion in sales across three key projects. Over 4,000 units were sold to local and international buyers, reflecting strong demand in the emirate’s property market. The results highlight a broader trend of growth in sustainable and high-value developments.
Maryam Island led the sales figures, with 99% of its 3,083 units purchased for Dh3.14 billion. So far, 1,278 units have been handed over to buyers. The project’s success aligns with Shurooq’s broader performance, which saw a 48.9% annual growth rate in real estate sales from 2018 to 2024—outpacing wider sector trends.
Sharjah Sustainable City also performed strongly, selling all 1,252 units by June for Dh2.5 billion. Meanwhile, Ajwan Khorfakkan moved 62% of its 185 units, generating Dh271 million in revenue. Yousif Ahmed Al Mutawa, Shurooq’s Chief Real Estate Officer, attributed the results to sustained demand and a diverse investor base.
The sales figures come as UAE residential prices climbed 12.8% year-on-year in the second quarter of 2025. Sharjah alone recorded Dh27.1 billion in property transactions last year, reinforcing its position as a growing hub. Real estate now contributes 7.6% to the UAE’s non-oil GDP, underlining its economic importance.
Globally, investment in urban and sustainable developments is rising. Research by JLL shows an 8% increase in 2025, driven by demand for well-planned communities.
Shurooq’s Dh5.8 billion in sales confirms Sharjah’s appeal to investors seeking long-term value. With high absorption rates and rising prices, the emirate’s property market continues to expand. The growth also reflects broader confidence in sustainable urban projects across the UAE.
