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SHARJAH / WAM
Sharjah Investment and Development Authority (Shurooq) is taking part in the upcoming Sharjah Real Estate Exhibition (ACRES) 2024 from 17th to 20th January at the Expo Centre Sharjah.
During its participation in ACRES, Shurooq will reveal prices for their anticipated ‘Ajwan’ — a residential project in Khorfakkan. Shurooq will also be revealing their ‘Aysha Residence’ development on Maryam Island, a joint venture between “Shurooq” and “Eagle Hills Sharjah” as well as the limited availability of their Phase 4 for ‘Sharjah Sustainable City’, a strategic partnership between “Shurooq” and Diamond Developers.
This premier real estate event serves as a platform for developers, investors, and real estate enthusiasts to converge, presenting an ideal opportunity to explore and engage with the vibrant property landscape in Sharjah.
Shurooq’s contributions to ACRES 2024 will feature the launch of unit sales for their Ajwan — a Luxury residential beachfront project. This visionary undertaking draws inspiration from the distinctive topography of Khorfakkan, nestled between the eastern coast’s majestic mountains and the pristine Gulf of Oman, and provides an ideal investment opportunity for all attending the real estate exhibition this year.
The architecturally pristine project spans 65,269 square metres, featuring 22,000 square metres dedicated to six residential buildings, comprising 185 apartments.
Within the gated community of Ajwan, a vibrant 15,000 square-metre waterpark is set to enhance the community’s allure.
Featuring a wave pool, exciting slides, and tranquil lazy rivers, it caters to a diverse array of preferences, offering residents a dynamic and refreshing residential experience.
The project’s strategic location will offer residents convenient access to Khorfakkan Beach, the iconic Khorfakkan Amphitheatre, and waterfalls within a 5-minute drive. Situated just three minutes away from the renowned Al Rabi hiking trail and approximately an hour’s drive from Sharjah International Airport, Ajwan ensures a well-rounded and connected lifestyle.
Commenting on their participation at ACRES 2024, the CEO of Shurooq Ahmed Obeid Al Qaseer stated, “Ajwan adds to our efforts to enhance Khorfakkan and promote the Eastern region’s diverse investment opportunities. This aligns with the visionary directives of HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to show the immense potential in Sharjah’s real estate and tourism sectors.”
“The Executive Council’s recent decision to reduce real estate transaction fees also reflects the emirate’s support of investors while contributing to the sustained growth and stability of the real estate market. Our focus remains on creating opportunities for a broader segment of the community, reinforcing Sharjah’s position as a hub for local and foreign investments.”
Shurooq will also unveil the recently launched project, ‘Aysha Residence’. Construction, including the foundation work, has already begun on this upscale development, which consists of 137 apartments. Positioned in a prime location with scenic views of the Al Khan Lagoon, Aysha Residence facilitates convenient access to the Maryam waterfront promenade.
Spanning over 3.3 million square feet Maryam Island will feature 20 exquisite residential buildings comprising over 3,500 units upon completion.
Sharjah Sustainable City (SSC), the renowned flagship project by Shurooq, in partnership with Diamond Developers, is set to again attract attention during ACRES 2024. In anticipation, Shurooq will showcase the remaining limited inventory of the 324 residential villas in the fourth residential phase. This phase serves as the 4th quarter of the expansive 7.2 million square feet development that will accommodate a total of 1,250 villas upon completion.
Positioned as a revolutionary development aligned with the United Nations Sustainable Development Goals (SDGs), SSC pioneers sustainable living through urban farms, energy-efficient homes powered by solar energy, and a 100% wastewater recycling for landscape irrigation.