With total investments and partnerships reaching Dhs5.8 billion and 96.4% of units sold across three flagship developments—Maryam Island, Sharjah Sustainable City, and Ajwan in Khorfakkan—the Sharjah Investment and Development Authority (Shurooq) has reported remarkable results across its real estate portfolio. These projects include 4,520 apartments, of which 4,358 have been sold to both domestic and international buyers, underscoring strong global demand for Sharjah’s real estate market.
With the real estate sector accounting for 7.6% of the country’s non-oil economy, the performance supports Shurooq’s status as a significant contributor to the UAE’s non-oil GDP. Shurooq’s real estate sales grew at a compound annual growth rate (CAGR) of 48.9% between 2018 and 2024, significantly above sector averages thanks to the delivery of high-quality, strategically placed developments and strong investor trust.
The UAE’s residential property prices have increased 12.8% year over year, according to CBRE’s UAE Real Estate Market Review (Q2 2025). Sharjah registered Dhs27.1 billion in real estate transactions in 2024, a 14% increase over the previous year. This growth is consistent with global trends; according to JLL, urban population growth and ongoing interest in sustainable, mixed-use communities will drive an 8% increase in global real estate investment volume in 2025.
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