Sharjah, UAE — Sharjah off-plan projects from Shurooq have achieved AED 5.8 billion in investments across three key developments, with 96.4% of 4,520 units sold to local and international buyers.
This performance aligns with Sharjah’s real estate transactions reaching AED 44.3 billion in 2025, up 58% year-on-year, driven by affordability and infrastructure upgrades. Shurooq’s 48.9% CAGR in sales from 2018-2024 outpaces sector averages, bolstered by demand for sustainable and waterfront properties.
Maryam Island Nears Full Sell-Out
Maryam Island, a waterfront project with Eagle Hills, sold 3,037 of 3,083 units for AED 3.14 billion, achieving 99% sales. Over 1,278 units handed over, with phased deliveries to 2028; H1 2025 saw 138 units sold for AED 220 million, up 15% in average price per square foot.
Also read: Sharjah Real Estate Transactions Hit Record AED 9.5 Billion
The 3.19 million sq ft development enhances Al Mamzar waterfront with residences like Jawaher, Crystal, Aysha, and Mesk, plus retail and leisure amenities. Its progress reflects Sharjah’s rising appeal for mid-luxury off-plan investments.
Sharjah Sustainable City Fully Sold
Sharjah Sustainable City, partnered with Diamond Developers, sold all 1,252 units for AED 2.5 billion by June 2025 across 3.29 million sq ft. Phases 1-3 handed over; Phase 4 completes Q4 2025 with renewable energy, water recycling, and eco-infrastructure cutting emissions.
Community initiatives promote resource efficiency, aligning with global trends where JLL forecasts 8% rise in 2025 real estate investment volumes for sustainable communities.
Ajwan Khorfakkan Gains Traction
Ajwan in Khorfakkan sold 104 of 185 units (62%) for AED 271 million, adding 682,119 sq ft of premium coastal space. Planned amenities include UAE’s first east coast waterpark, marina, retail, and sports facilities near beaches and dams.
Also read: Sharjah Real Estate October 2025 Hits AED 7 Billion Mark
Within 90 minutes of Sharjah and Dubai airports, it positions Khorfakkan as a tourism gateway, differentiating from regional waterfronts.
Market Context and Indian Investor Insights
Sharjah off-plan projects benefit from UAE visa reforms allowing 100% foreign ownership and Golden Visas for AED 2 million+ investments, attracting Indian buyers seeking 6-8% yields tax-free. Indians rank high among Sharjah buyers, drawn by lower entry costs versus Dubai’s 8-15% ROI areas, per industry data.
Yousif Ahmed Al Mutawa, Shurooq’s Chief Real Estate Officer, said: “Our AED 5.8 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.” Shurooq confirmed new projects ahead.
For Indian investors, Sharjah off-plan projects offer value amid Dubai’s premium pricing, with high sales rates signaling capital growth and yields. Proximity to India, visa perks, and sustainability focus make them strategic for diversification, though due diligence on handovers remains key.
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