Shurooq sells 4,000+ units for Dh5.8 billion across Sharjah flagships

Shurooq nears full sellout on Maryam Island and eco-city projects

Last updated: December 22, 2025 | 14:24

2 MIN READ

Shurooq sells more than 4,000 homes across Sharjah developments

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Dubai: Shurooq reported Dh5.8 billion in real estate sales with 96% of units sold across three major projects. More than 4,000 units went to local and international buyers in Maryam Island, Sharjah Sustainable City and Ajwan Khorfakkan.

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The portfolio spans 4,520 units, with 4,358 sold. Shurooq's real estate sales grew at a 48.9% compound annual rate from 2018 to 2024, beating sector benchmarks.

Maryam Island nears full sellout

Maryam Island sold 99% of its 3,083 units for Dh3.14 billion. The waterfront project with Eagle Hills covers 3.19 million square feet.

Handovers reached 1,278 units, with phases running to 2028. First-half 2025 sales hit 138 units for Dh220 million, up 15% in price per square foot. Jawaher, Crystal, Aysha and Mesk Residences advance alongside retail and leisure additions.

Sustainable City fully booked

Sharjah Sustainable City sold all 1,252 units for Dh2.5 billion by June. Partner Diamond Developers built the 3.29 million square foot eco-community with solar power, water recycling and low-emission designs.

Phases 1 to 3 stand complete. Phase 4 finishes in Q4 2025. Community programs cut energy and water use while boosting waste management.

Khorfakkan adds east coast draw

Ajwan Khorfakkan moved 62% of 185 units for Dh271 million. The 682,119 square foot site targets premium coastal living.

Amenities include UAE's first east coast waterpark, marina, retail, sports and leisure. Proximity to beaches, parks and dams pairs with 90-minute drives to Sharjah and Dubai airports.

Market tailwinds boost demand

UAE residential prices rose 12.8% year-on-year per CBRE Q2 2025 review. Sharjah transactions hit Dh27.1 billion in 2024, up 14%.

JLL sees global investment volumes up 8% in 2025 on urban growth and sustainable communities. Real estate makes up 7.6% of UAE non-oil GDP.

“Our Dh5.8 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,” said Yousif Ahmed Al Mutawa, Chief Real Estate Officer at Shurooq. “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."

Nivetha Dayanand

Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.

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