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.
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.
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.”
Story by Gulf News
