The real estate market of Sharjah has undergone a remarkable development in recent years, establishing a strong foothold for new real estate projects in the United Arab Emirates. According to Sharjah Real Estate Registration Department, the total value of real estate transactions was calculated as AED 40 billion in 2024, which is 48% higher than the property sales value in 2023.
Ongoing development projects from leading 100 real estate companies in Dubai and other Emirates are boosting the UAE's property market. Sharjah has stepped up as a major player by contributing significantly to this growth.
Such evident growth has made Sharjah an attractive investment hub for investors and end-users alike.
List of new real estate projects in Sharjah
Contributions of the top real estate companies in Sharjah have positioned the Emirates as the best alternative investment for Dubai and Abu Dhabi. Below are the new real estate projects that fuel Sharjah’s growth in the property sector.
| # | Project Name | Developer | Project Type | Key Features | Status |
|---|---|---|---|---|---|
| 1 | Aljada | Arada Developments | Mixed-use master plan | Residential units, business park, retail, leisure, educational facilities | Under construction (completion ~2025) |
| 2 | Maryam Islands | Eagle Hills | Mixed-use waterfront development | Beachfront living, residential towers, retail & hospitality outlets | Under development |
| 3 | Sharjah Sustainable City | Shurooq & Diamond Developers | Sustainable master-planned community | Powered by renewable energy, eco-friendly design, indoor farming initiatives | Operational |
| 4 | Masaar | Arada Developments | Upscale residential community | Villas and townhouses | Under development |
| 5 | Rimal Residencies | Eagle Hills | Residential (off-plan) | Modern architecture, smart amenities, competitive pricing, contemporary living solutions | Under development |
Overview of the top new real estate projects in Sharjah
Aljada by Arada
Aljada is the largest mixed-use development in Sharjah, covering an area of 2.2 km² with a plan to develop 70,000 residential units in that space. The development offers a blend of residential, commercial properties and entertainment spaces, including smart homes and world-class amenities.
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Maryam Islands by Eagle Hills
It is a luxury waterfront development project featuring residential apartments, leisure activities and retail outlets. Maryam Island aims to project Sharjah as an appealing destination for upscale tourism and living.
Sharjah Sustainable City
This project is the first sustainably built city in Sharjah, and it spans a stunning 7.2 million square feet. The area comprises 1250 sustainable properties powered by renewable energy. These properties are designed focusing on environmental conversation and low operating costs.
Masaar by Arada
Masaar is a master-planned community that offers different residential units amidst lush green landscapes. It emphasizes wellness with extensive outdoor amenities, parks and leisure activities that promote healthcare and an active lifestyle.
Rimal Residencies
Rimal Residencies is an emerging project known for its prominence in developing studio, one and two-bedroom apartments. It focuses on promoting modern living spaces with contemporary designs and amenities.
How does Sharjah’s market suit new projects?
The incremental demand for both rental and sale properties displays a robust market with high return opportunities. The development of new projects in emerging hotspots like Muwaileh and Aljada helps companies capitalize on investors’ interests who seek modern communities.
Moreover, Sharjah’s government has set up supportive policies and initiatives that further boost the growth of the sector. The anticipated outcome of the Sharjah Rental Index is expected to provide transparency and a streamlined framework for rental valuations. This benefits both landlords and tenants.
Key Drivers of Growth in Sharjah's Real Estate Sector
These aspects ensure growth and position the Emirate as a vibrant and highly attractive destination for investment.
Economic Diversification and Growth
Sharjah’s planned approach towards economic diversification, focusing on sectors such as education, manufacturing, technology and tourism, has created a demand for residential properties in these sectors.
Such diversification promotes economic resilience, which attracts expatriates to meet the surging demand for these properties.
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Growing Population and Urbanization
Steady growth in the population of expats and locals has created demand for residential and commercial properties and public amenities. Infrastructure developments like new road networks and public transportation systems support urbanization and the development of new modern commercial and residential spaces.
Government Initiatives and Vision 2026
The government’s long-term plan under Vision 2026 focuses on improving quality of life, sustainable urban planning and infrastructure. These reforms refine the property market by offering new opportunities for foreign investments, especially in free-hold zones.
Affordable and Mid-Range Housing
Increasing population has created a trend towards affordable and mid-range housing segments. These upcoming real estate projects in Sharjah ensure cost effectiveness when compared to the neighboring Emirates.
Infrastructure and Strategic Location
Sharjah’s proximity right next to Dubai and its strategic infrastructure is an advantage as it includes major airports and ports. This factor makes it an attractive location for logistics and industrial investments.
Growth lies ahead
Future real estate projects in Sharjah are the key to the Emirates’ continued growth. The emergence of the new real estate projects has played a pivotal role in shaping Sharjah’s property landscape.
Contributions from these projects not only address the demand for commercial and residential properties but also contribute to the overall growth of the Emirate.
Expatriate influx, government reforms, and location advantages provide the ideal conditions for Sharjah's real estate market to prosper more now and in the future.
