Shurooq real estate sales exceed Dhs177m

Gulf Today, Staff Reporter

As the Sharjah Real Estate Exhibition (ACRES 2024), one of the UAE’s premier gathering for the real estate industry, concluded closing deals that surpassed Dhs 1.4 billion, one of the exhibition’s participants - the Sharjah Investment and Development Authority (Shurooq) - came out as a top performer, contributing over Dhs 177 million to the total sales made on during the 4-day event that ran from January 17 - 20 in Expo Centre Sharjah.

The Sharjah Investment and Development Authority (Shurooq) has been continuously boosting Sharjah’s global investment appeal with revolutionary projects like Sharjah Sustainable City, which is a joint venture between “Shurooq” and the prestigious Diamond Developers. At ACRES 2024 Shurooq showcased phase 4 of this net zero mixed-use development, selling and reserving 42 units that are valued at Dhs 102.5 million.

Another visionary residential project “Shurooq” showcased at the exhibition is ‘Ajwan’, which is being developed in the picturesque coastal town of Khorfakkan in the eastern region of Sharjah.

The promise of affordable seaside luxury was a resounding success at ACRES, with Shurooq selling and reserving 32 units totalling Dhs 74.1 million in value.  Ajwan has made a debut with two signature residential towers ‘Saahil’ and ‘Al Joon’, and upon completion, the development will comprise six buildings containing 185 apartments, a five star hotel managed by Marriott Autograph Collection,  two adult swimming pools, a kids pool, and a waterfront.

‘Shurooq projects; the right balance between our desires and our planet’s’

Commenting on these landmark achievements,Ahmed Obaid Al Qaseer, the CEO of “Shurooq” underlined: “Years of market research, data collection and analysis goes behind envisioning each Shurooq development.