Staff Report
Dubai, UAE
Sharjah Investment and Development Authority (Shurooq) has unveiled Mawj and Ghadeer, two new residential towers at its beachfront project, Ajwan Khorfakkan, during ACRES 2025. Each tower is comprised of two- to four-bedroom apartments in addition to three- and four-bedroom duplexes, offering views of either the Arabian Sea or Khorfakkan’s dramatic mountain landscape.
In a special initiative to mark the launch, prospective buyers who secure their units during the exhibition will receive a 50 percent discount on registration fees, presenting an opportunity for investment in one of the emerging lifestyle destinations in the UAE.
Ahmed Obaid Al Qaseer, Chief Executive Officer of Shurooq, said, “Mawj and Ghadeer offer a harmonious blend of sophisticated design and natural beauty, and an incredible investment opportunity in scenic Khorfakkan. These distinctive residences reflect Shurooq’s vision for community-centric developments, with their world-class amenities, superb connectivity, and a lifestyle enriched by nature.”
Ajwan Khorfakkan Phase 2 is a cornerstone project within Shurooq’s portfolio, which also includes Maryam Island and Sharjah Sustainable City, the first sustainable master-planned community in Sharjah.
Spanning 65,269 square metres, Ajwan is composed of six buildings housing 185 apartments, two adult swimming pools, a kid’s pool, a waterfront, and a variety of amenities, dining, and retail spaces. Ajwan also boasts a 15,000 square metre water park featuring an artificial wave pool, slides, and winding water passages, adding to the coastal charm of Khorfakkan.
Shurooq’s beachfront development will contribute to the market performance in Khorfakkan where transactions reached Dh262.4 million in the first nine months of 2024, according to Sharjah Real Estate Registration Department. The total transaction volume in the Central and Eastern regions amounted to Dh1.3 billion, exhibiting potential for higher investments from local and international buyers.
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Also read: Shurooq completes phase 1 of heritage site Najd Al Meqsar
