Amidst the enchanting tapestry of the United Arab Emirates, Sharjah emerges as a dazzling jewel, reflecting a burgeoning interest in its luxurious real estate landscape. As urban aspirations rise, so too does the demand, weaving a narrative of transformation within the emirate’s non-oil economy—an evolution that is both profound and promising.
Within the enchanting realms of Maryam Island, the innovative Sharjah Sustainable City, and the captivating Ajwan in Khorfakkan, an impressive 4,358 of the anticipated 4,520 residential units have been embraced by discerning investors. This remarkable sell-through signifies not merely a business transaction but an enduring confidence in the allure of strategically positioned, premium developments that beckon those who seek to elevate their living experience.
Sharjah’s Real Estate Renaissance
This striking achievement eloquently underscores the pivotal role of the Sharjah Investment and Development Authority, a stalwart contributor to the UAE’s non-oil GDP. The real estate sector, a vibrant thread in the fabric of the economy, accounts for a noteworthy 7.6 percent—an assertion of Sharjah’s resilience and adaptability in the face of market dynamics.
From 2018 to 2024, the luminary Shurooq has reported an extraordinary compound annual growth rate of 48.9 percent in real estate sales, gracefully eclipsing broader market trends. This exceptional progress is attributed to meticulous planning, strategic land acquisition, and an unwavering investor confidence that ignites the market’s pulse.
As the illustrious CBRE unveils its UAE Real Estate Market Review for the second quarter of 2025, the narrative of growth solidifies; residential property prices across the nation have ascended by 12.8 percent year-on-year, with Sharjah recording an impressive AED27.1 billion—approximately $7.38 billion—in real estate transactions for 2024. This figures illustrate a commendable 14 percent growth, reinforcing Sharjah’s role as a key player in the broader economic narrative.
Globally, industry experts at JLL predict an invigorating rise of 8 percent in real estate investment volumes set for 2025, driven by urban population influx and an enduring demand for sustainable, mixed-use living environments.
Shurooq’s Sales Triumph
At the heart of this thriving ecosystem, Maryam Island stands as a beacon of excellence—a flagship waterfront development born from a collaborative vision with Eagle Hills. The project has captivated investors, selling 3,037 of its 3,083 units, demonstrating an extraordinary sell-through rate of 99 percent. With total sales reaching AED3.14 billion—around $855 million—this venture is a tribute to luxurious living, with 1,278 units already delivered and the remaining set to be unveiled in phases through to 2028.
In the first half of 2025 alone, the appetite for luxury living has flourished, with 138 units sold for AED220 million—approximately $59.9 million—evidencing a 15 percent year-on-year surge in average price per square foot. Spanning an opulent 3.19 million square feet, the development is alive with momentum, poised to unveil key projects under construction, including the splendid Jawaher, Crystal, Aysha, and Mesk Residences.
Maryam Island has not only transformed the Al Mamzar waterfront but has also enriched the surrounding environment with its thoughtfully curated residential and commercial assets. Future phases promise to introduce even more exquisite residential options, complemented by retail, leisure facilities, and indispensable infrastructure, destined to enhance lifestyle appeal and secure long-term investment value.
The Vision of Sharjah Sustainable City
In a remarkable collaboration with Diamond Developers, Sharjah Sustainable City has unveiled a new paradigm of living, with all 1,252 residential units fully sold, generating AED2.5 billion—roughly $681 million—in sales by mid-2025. Spanning a vast 3.29 million square feet, this master-planned community exemplifies a commitment to sustainability, integrating innovative renewable energy systems, water recycling, and conscientious infrastructure designed to minimize water consumption and carbon footprints.
Phases 1, 2, and 3 have completed their journey of delivery, with Phase 4 anticipated to grace the skyline by the fourth quarter of 2025. But beyond brick and mortar, the community fosters a commitment to sustainability, launching initiatives and engagement programs that nurture environmental protection, social harmony, and significant enhancements in energy efficiency, water use, and waste management.
Ajwan Khorfakkan: A Coastal Gem
Ajwan Khorfakkan emerges as another marvel within this flourishing domain, having sold 104 of its 185 units—an impressive 62 percent of available inventory—which has generated AED271 million—approx $73.8 million—in sales. This striking project promises to infuse Khorfakkan waterfront with 682,119 square feet of exquisite residential space.
Upon completion, Ajwan will unveil a collection of luxurious residences alongside a tapestry of amenities, including the UAE’s inaugural east coast waterpark, a splendid marina, and a vibrant retail promenade enhanced with sports facilities and leisure attractions. Its enviable location near Khorfakkan Beach, the historic Khorfakkan Amphitheatre, Shees Park, and the tranquil Al Rafisah Dam, positions it within a mere 90-minute drive from Sharjah and Dubai International Airports.
This connectivity, paired with Khorfakkan’s rising status as a premier tourism and leisure hub, solidifies Ajwan’s standing as a sophisticated lifestyle and investment paradise along the UAE’s east coast.
Yousif Ahmed Al Mutawa, Chief Real Estate Officer at Shurooq, encapsulates the vision: “Our AED5.8 billion real estate portfolio not only signifies Shurooq’s pivotal role in Sharjah’s urban metamorphosis but also positions us as a trusted partner for discerning investors in search of lasting value. The robust sales performance across Maryam Island, Sharjah Sustainable City, and Ajwan is a testament to consistent demand, diverse investor engagement, and the alignment of our developments with the aspirations of the market. As we harness this momentum, we are poised to unveil new landmark projects that will continue to enhance Sharjah’s competitiveness, refine its real estate landscape, and advance its vision for sustainable economic prosperity.”