SHARJAH: The Sharjah Investment and Development Authority (Shurooq) has raised the stakes in the UAE’s luxury residential market with the unveiling of two spectacular towers, Mawj and Ghadeer, at Ajwan Khorfakkan.
This announcement, made during the highly anticipated ACRES 2025 exhibition, promises to elevate coastal living in the UAE’s rapidly developing East Coast destination.
Mawj and Ghadeer are poised to redefine luxury living in Khorfakkan, offering a range of residential options from two-bedroom apartments to expansive four-bedroom units and high-end duplexes. Each residence has been thoughtfully designed to optimise views of the stunning Arabian Sea or the dramatic mountain landscapes that surround the city. The development, which spans a prime location along Khorfakkan’s scenic shoreline, combines the serenity of beachfront living with the convenience of easy access to urban amenities.
Ajwan Khorfakkan Phase 2, which includes the two new towers, forms a key part of Shurooq's extensive portfolio of landmark projects. Among these is the Maryam Island development and the Sharjah Sustainable City, the first sustainable master-planned community in the emirate. The launch of Mawj and Ghadeer reflects Shurooq’s continued commitment to transforming Sharjah’s real estate landscape and creating premium living spaces for residents and investors alike.
Exclusive sales launch offer at ACRES 2025
From January 22 to 25, prospective buyers at ACRES 2025 will enjoy a remarkable 50% discount on registration fees when securing a unit within the new towers. This limited-time offer is expected to spark strong interest among both investors and end-users seeking a slice of paradise in this burgeoning coastal city.
The Sharjah Real Estate Exhibition (ACRES) has long been a key platform for showcasing the latest property developments in the UAE. Co-organised by the Sharjah Chamber of Commerce and Industry and the Sharjah Real Estate Registration Department, ACRES 2025 is set to draw attention from a global audience of potential investors.
Ajwan Khorfakkan’s sales team will be available at Stand 300 in Hall No. 2, guiding buyers and investors through the available options and helping them take full advantage of the 50% registration fee discount during the exhibition.
Shurooq's vision for Khorfakkan
Ahmed Obaid Al Qaseer, CEO of Shurooq, expressed his enthusiasm for the new development, stating, “Mawj and Ghadeer offer a harmonious blend of sophisticated design and natural beauty, making this an incredible investment opportunity in scenic Khorfakkan. These residences are a testament to Shurooq’s vision for community-centric developments, offering world-class amenities and a lifestyle enriched by nature."
Ajwan Khorfakkan is set to be a game-changer for the region, combining world-class living standards with unrivalled natural beauty. The strategic location offers residents and investors alike the rare opportunity to live close to the pristine beach and adjacent mountains, making it an attractive choice for those looking to invest in a high-end lifestyle with easy access to urban infrastructure.
According to data from the Sharjah Real Estate Registration Department, the central and eastern regions of Sharjah have witnessed remarkable growth in the real estate sector. Transactions in the first nine months of 2024 reached a staggering Dh1.3 billion, with Khorfakkan contributing Dh262.4 million. This demonstrates the increasing demand for residential properties in this picturesque city, which is fast becoming a prime destination for investors and homebuyers.
Ajwan Khorfakkan project
Spanning a vast 65,269 sqm, the Ajwan Khorfakkan project is designed to be a self-contained luxury community. Its six buildings house 185 luxury apartments, offering residents unparalleled access to two adult swimming pools, a children’s pool, retail and dining spaces, and an impressive 15,000 sqm water park complete with artificial wave pools and thrilling water slides. The development’s beach-front location provides direct access to the Gulf of Oman, while the surrounding mountain views complete the idyllic coastal living experience.
The development’s name, Ajwan, comes from the Arabic word "Jawn," meaning small bay, reflecting the project’s prime location by the shore, surrounded by a port, beach, and dramatic mountains. With easy access to Khorfakkan Beach, the town's iconic amphitheatre, and the renowned Al Rabi hiking trail, Ajwan is positioned to become one of the most sought-after residential destinations on Sharjah’s East Coast.
Shurooq’s growing portfolio
Shurooq’s commitment to transforming Sharjah’s real estate sector is evident in its rapidly expanding portfolio. The authority continues to enhance the emirate’s attractiveness as a hub for investment by partnering with both local and international brands to deliver innovative projects across hospitality, real estate, leisure, and cultural sectors. Shurooq’s strategic investments and public-private partnerships further bolster Sharjah’s position in the global market, contributing to the growth of the emirate’s economy and attracting foreign direct investment (FDI).
With its blend of natural beauty, strategic location, and cutting-edge design, Ajwan Khorfakkan is poised to make a significant impact in the luxury real estate market, drawing attention from both investors and residents looking to live in one of the UAE’s most picturesque and rapidly developing destinations.