Sharjah, UAE — Sharjah’s Shurooq has opened Phase 3 sales for Ajwan Khorfakkan residences, introducing Layan and Juman towers on the UAE East Coast. The launch coincides with Darwish Engineering Emirates’ appointment as main contractor for all phases. This move taps into rising demand for beachfront properties in Khorfakkan.
Phase 3 Ajwan Khorfakkan Details
Ajwan Khorfakkan spans 89,100 square metres with six buildings offering 185 apartments overlooking the Gulf of Oman or mountains. Phase 3 adds two-, three- and four-bedroom units plus premium duplexes; Layan provides seafront boardwalk access, while Juman offers marina views. Resort amenities include a private marina, beach access, pools, gyms and retail outlets.
Yousif Ahmed Al Mutawa, Shurooq’s Chief Real Estate Officer, said the launch represents a key milestone in the project and supports Shurooq’s vision of transforming Khorfakkan into a leading coastal destination.
Also read: Sharjah Real Estate Transactions Hit Record AED 9.5 Billion
He noted that Layan and Juman combine contemporary design with the area’s natural setting, offering a strong investment opportunity supported by high-quality infrastructure, amenities and connectivity.
Baha Nahawi, General Manager of Darwish Engineering Emirates, said, “The company is proud to be entrusted with delivering the project, adding that it reflects Sharjah’s ambitious vision for the East Coast and will be executed to the highest quality standards.”
Sharjah Real Estate Surge
Sharjah property transactions hit AED 44.3 billion in the first nine months of 2025, up 58.3% from 2024, surpassing the full-year 2024 total of AED40 billion. This growth reflects investor confidence amid affordability—properties 30-50% cheaper than Dubai equivalents—and regulatory reforms expanding foreign ownership. Off-plan sales mirror Dubai’s trends, where such deals hit AED68 billion in Q2 2025 alone.
Also read: Sharjah Real Estate October 2025 Hits AED 7 Billion Mark
CBRE notes UAE real estate growth tied to 5% GDP expansion in 2025, driven by non-oil sectors. Sharjah’s Eastern regions, including Khorfakkan, see heightened demand for coastal lifestyle projects like Ajwan, part of Shurooq’s portfolio with Maryam Island.
Appeal for Indian Investors
Indian investors favor UAE properties for tax-free returns, high yields (Sharjah residential at 5-6%) and Golden Visa eligibility via AED2 million+ investments. Sharjah offers value versus Dubai’s premium pricing, with strong India-UAE ties boosting bilateral trade past $100 billion. Proximity suits NRIs seeking second homes or rentals in beachfront communities.
Phase 3 Ajwan Khorfakkan signals Sharjah’s shift to lifestyle coastal hubs, yielding stable appreciation amid 58% market growth. For Indian investors, it provides affordable entry (30-40% below Dubai) into sustainable East Coast properties with 6-8% yields potential, complementing Dubai portfolios while leveraging visa perks.
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