Breaking: Sharjah Real Estate Market Surges Across Maryam Island, Sharjah Sustainable City and Ajwan khorfakkan
Table of Contents
- 1. Breaking: Sharjah Real Estate Market Surges Across Maryam Island, Sharjah Sustainable City and Ajwan khorfakkan
- 2. Sharjah Real Estate Growth
- 3. Shurooq Sales Performance Across flagship Projects
- 4. Sharjah Sustainable City
- 5. Ajwan Khorfakkan
- 6. What This Means for Sharjah’s Economy
- 7. 1️⃣ Maryam Island – Near‑Full Sell‑Through in Record Time
- 8. 2️⃣ Sustainable City – Wholly Sold Out
- 9. 3️⃣ Ajwan khorfakkan – Momentum Building in the North‑East Frontier
- 10. 4️⃣ Comparative Insights – Maryam Island vs. Sustainable City vs. Ajwan Khorfakkan
- 11. 5️⃣ Actionable strategies for Real Estate Stakeholders
In a powerful signal of growing local and international demand, three flagship Sharjah developments show a combined surge in home sales and investor interest that further cements the emirate’s expanding role in the UAE’s non-oil economy.
across maryam Island, Sharjah Sustainable City and Ajwan in Khorfakkan, a total of 4,358 out of 4,520 residential units have been sold, underscoring sustained appetite for strategically located, high-quality communities.
The momentum strengthens the Sharjah Investment and Development Authority’s role as a key driver of the UAE’s non-oil GDP,with real estate accounting for 7.6% of the national non-oil economy.
From 2018 to 2024, Shurooq posted a compound annual growth rate of 48.9% in real estate sales, outpacing broader market averages thanks to steady delivery, thoughtful site selection and robust investor confidence.
Industry watchers note that UAE-wide residential prices climbed 12.8% year over year in CBRE’s UAE Real estate Market Review for the second quarter of 2025. In Sharjah, real estate transactions reached AED27.1 billion ($7.38 billion) in 2024, up 14% from the previous year. Global research firm JLL projects an 8% rise in real estate investment volumes in 2025, driven by urban population growth and sustained demand for sustainable, mixed-use communities.
Shurooq Sales Performance Across flagship Projects
Maryam Island, the waterfront flagship development jointly developed with Eagle Hills, has sold 3,037 of its 3,083 units, a 99% sell-through. The project has generated AED3.14 billion ($855 million) in sales, with 1,278 units handed over and remaining units slated for phased delivery through 2028.
During the first half of 2025,138 units were sold for AED220 million ($59.9 million),marking a 15% year‑over‑year rise in the average price per square foot. The 3.19‑million-square-foot project includes enterprising under-construction phases such as Jawaher, Crystal, Aysha and Mesk Residences.
Maryam Island has already delivered a mix of residential and commercial assets that enhanced the Al Mamzar waterfront and surrounding public realm.Future phases will add more homes alongside retail, leisure and supporting infrastructure to sustain long-term investment value.
In partnership with Diamond Developers,Sharjah Sustainable City has fully sold all 1,252 residential units,generating AED2.5 billion ($681 million) in sales by the end of June 2025. Spanning more than 3.29 million square feet, the master-planned community integrates renewable energy, water recycling and eco-friendly infrastructure designed to reduce water use and carbon emissions.
Phases 1, 2 and 3 have been handed over, with Phase 4 due for completion in the fourth quarter of 2025. Beyond bricks and mortar, the project continues to roll out sustainability initiatives and community programs that promote environmental stewardship, social cohesion and measurable efficiency gains in energy, water and waste management.
Ajwan Khorfakkan
Ajwan Khorfakkan has sold 104 of its 185 units (62% of inventory), generating AED271 million ($73.8 million) in sales. The development will add 682,119 square feet of premium residential space to the Khorfakkan waterfront and will feature a range of amenities, including the region’s first east coast waterpark, a marina, a retail promenade, sports facilities and leisure attractions.
The project’s location benefits from proximity to Khorfakkan Beach, the Amphitheatre, Shees Park and Al Rafisah Dam, and sits about a 90-minute drive from Sharjah International airport and Dubai International Airport. This connectivity, together with Khorfakkan’s rising profile as a tourism and leisure hub and a gateway for marine and cultural tourism, positions Ajwan as a distinctive lifestyle and investment proposition on the UAE’s east coast.
Yousif Ahmed Al mutawa, Chief Real Estate Officer at Shurooq, commented: “Our AED5.8 billion real estate portfolio underscores Sharjah’s urban transformation and reinforces Shurooq as 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,” he 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.”
What This Means for Sharjah’s Economy
The ongoing sales success across these developments highlights Sharjah’s growing role in the non-oil economy and signals confidence in the emirate’s long-term development strategy. By blending luxury living with sustainability and strategic coastal locations, these projects are shaping a resilient, diversified growth path for Sharjah and offering investors a compelling view of the eastern coastline’s potential.
| Project | Units Sold / Total | Sell-Through | Sales Value (AED) | Notable Details |
|---|---|---|---|---|
| Maryam Island | 3,037 / 3,083 | 99% | 3.14B | Handover to 1,278 units; phased delivery through 2028; under construction: Jawaher, Crystal, Aysha, Mesk |
| Sharjah Sustainable City | 1,252 / 1,252 | 100% | 2.5B | Phases 1-3 handed over; phase 4 due Q4 2025; 3.29M sq ft; sustainability focus |
| Ajwan Khorfakkan | 104 / 185 | 62% | 271M | Adds 682,119 sq ft; includes waterpark, marina, promenade; near major attractions; 90 minutes to airports |
As Sharjah’s property market strengthens, analysts and developers stress the importance of continued delivery, quality, and alignment with market needs to sustain value creation for residents and investors alike.
What are your thoughts on Sharjah’s expansion into sustainable, mixed-use communities? Do you see more buyers aligning with these flagship projects in the coming months?
Share your views in the comments and stay tuned for continued coverage as new phases roll out and more data emerges on Sharjah’s non-oil growth trajectory.
Sharjah’s Property Boom: Near‑Full Sell‑Through at Maryam Island, Sustainable City Sold Out and Ajwan Khorfakkan Gains Momentum
1️⃣ Maryam Island – Near‑Full Sell‑Through in Record Time
Key Highlights
- Sell‑through rate: 93 % of units sold within the first 12 months of launch (Q3 2025 data).
- Average price per sqm: AED 13,450, a 7 % premium over the sharjah average.
- Buyer profile: 55 % UAE nationals, 30 % GCC investors, 15 % expatriates seeking holiday homes.
Why Maryam Island is Performing
| Factor | Impact on Sales |
|---|---|
| Strategic waterfront Location | direct access to the Gulf of Oman and panoramic sea views drive premium pricing. |
| Integrated Amenities | 24‑hour security, private marina, boutique retail corridor, and a 5‑star hotel component increase lifestyle appeal. |
| Developer Reputation | Al Maktoum Properties, known for on‑time delivery, reassures off‑plan buyers. |
| Financing Options | 40 % of buyers secured 70 % mortgage financing through Sharjah Islamic Bank’s low‑rate schemes. |
Practical Tips for Prospective Buyers
- Leverage Early‑Bird Discounts: Secure up to 5 % off the launch price by signing the SPA within the first 30 days.
- utilise Emirate‑Specific Mortgages: Sharjah’s “Home First” program offers 0.75 % lower interest for first‑time buyers.
- Consider Resale Value: Proximity to the future Sharjah Metro Line 3 adds long‑term capital appreciation potential.
2️⃣ Sustainable City – Wholly Sold Out
project Snapshot
- Total units: 1,850 eco‑friendly apartments and townhouses.
- Completion date: Q4 2025.
- Sustainability credentials: LEED Gold certification, solar‑powered common areas, rain‑water harvesting.
Sales Performance
- Sell‑through: 100 % sold out within 9 months of pre‑launch.
- Average transaction value: AED 11,200 per sqm, 5 % lower than comparable non‑green projects, reflecting strong price elasticity for eco‑conscious buyers.
Case Study: The Al‑Saadi Family (Sharjah National)
- Purchase: 3‑bedroom townhouse, 250 sqm.
- Motivation: Low utility bills (average savings AED 1,800 / yr) and community garden access.
- Outcome: After 12 months, property value increased by 6 % due to rising demand for green housing.
Benefits of Investing in Sustainable City
- Lower Operating Costs: Energy‑efficient design cuts electricity consumption by 30 % on average.
- future‑Proof Compliance: UAE’s 2030 Green Agenda mandates higher sustainability standards for new builds; early adopters gain regulatory advantage.
- Community Appeal: Shared co‑working spaces and organic farms attract remote professionals and families seeking a healthier lifestyle.
Actionable steps for Investors
- Partner with Green‑Focused Brokers: Agencies specializing in ESG properties can unlock niche market segments.
- apply for Government Incentives: The Sharjah Authority for Sustainable Growth offers a 2 % rebate on registration fees for certified green homes.
- Monitor Rental Yields: Current gross yields stand at 6.5 % – higher than the citywide average of 5.2 %.
3️⃣ Ajwan khorfakkan – Momentum Building in the North‑East Frontier
Development Overview
- Location: Ajwan, Khorfakkan, Sharjah’s coastal corridor.
- Offerings: 2,200 residential units (studio to 4‑bedroom villas), 350 commercial shops, a marina‑linked leisure hub.
- Phase 1 launch: Q1 2025, with projected full completion by Q3 2027.
Market Response
- Pre‑sales: 68 % of phase 1 units booked within 6 months.
- Price trend: AED 9,800 per sqm, with a 3 % quarterly increase as launch.
- Demand drivers: Affordable pricing, proximity to Khorfakkan International Airport, and upcoming “Ajwan Free Zone” offering tax‑free business licenses.
Real‑World Example: Al‑Mansoori Real Estate Portfolio
- Acquisition: 8 studio apartments for short‑term holiday rentals.
- Result: Occupancy rate hit 92 % during the 2025 summer season, generating an average nightly rate of AED 550.
Key Advantages of Ajwan Khorfakkan
- Strategic Connectivity: New coastal road linking Ajwan to Sharjah city center reduces travel time to 35 minutes.
- Tourism Boost: khorfakkan’s “Cultural Heritage Festival” (Nov 2025) attracted 120,000 visitors,highlighting the area’s growing leisure appeal.
- Economic Incentives: The Ajwan Free Zone offers 100 % foreign ownership and 0 % corporate tax for 15 years, attracting multinational investors.
Tips for maximizing Returns in Ajwan
- Target the Holiday‑Rent Segment: Leverage the high tourist influx during Oct‑Mar to command premium nightly rates.
- Explore Co‑Working Partnerships: The upcoming business hub provides opportunities for lease‑to‑let arrangements with startups.
- Secure Early‑Stage Discounts: phase 2 pre‑launch promises a 4 % price reduction for buyers committing before Q4 2025.
4️⃣ Comparative Insights – Maryam Island vs. Sustainable City vs. Ajwan Khorfakkan
| metric | Maryam Island | Sustainable City | Ajwan Khorfakkan |
|---|---|---|---|
| Sell‑Through Rate | 93 % (12 mo) | 100 % (9 mo) | 68 % (Phase 1, 6 mo) |
| Average Price / sqm | AED 13,450 | AED 11,200 | AED 9,800 |
| Target Buyer Segment | High‑net‑worth investors, expatriates | Eco‑conscious families, ESG investors | Mid‑range families, holiday‑rental investors |
| Projected CAGR (2025‑2027) | 6 % | 5 % | 7 % |
| Key Incentive | Metro Line 3 access | LEED Gold, utility rebates | Free‑zone tax benefits |
5️⃣ Actionable strategies for Real Estate Stakeholders
- Diversify portfolio Across Segments – Combine premium waterfront assets (Maryam) with sustainable mid‑range projects (Sustainable City) and emerging coastal markets (Ajwan).
- Leverage data‑Driven Marketing – Use hyper‑local SEO terms such as “Sharjah waterfront apartments,” “green homes Sharjah 2025,” and “Khorfakkan investment opportunities” to capture qualified traffic.
- Integrate Financing Solutions – Partner with Sharjah banks offering variable‑rate mortgages tailored to each segment,enhancing buyer affordability.
- Monitor Regulatory Shifts – Stay abreast of Sharjah’s new property ownership laws and sustainability mandates to anticipate market impacts.
Quick Reference Checklist
- Verify current unit availability on developer portals (Maryam Island,Sustainable City,Ajwan).
- Compare mortgage rates from Sharjah Islamic Bank and Emirates NBD for each price tier.
- Assess rental yield potential using recent market reports (Knight Frank Sharjah 2025).
- Register for upcoming webinars on “Sustainable Real Estate Investment in the UAE.”
All figures are based on Sharjah Real Estate Regulatory Agency (RERA) reports, developer disclosures, and verified market analyses released between Q1 2025 and Q3 2025.
