Sharjah, the cultural capital of the United Arab Emirates, is rapidly becoming a focal point for real estate development.
a blend of traditional charm and modern infrastructure, Sharjah offers a unique real estate market that attracts investors, developers, and residents alike.
Real estate development in Sharjah is not just about constructing buildings; it’s about creating sustainable communities that align with the emirate’s cultural and economic goals.
The Growth Of The Real Estate Sector In Sharjah
Sharjah’s real estate sector has seen significant growth over the past few decades. Initially known for its cultural heritage and educational institutions, the emirate has gradually evolved into a hub for real estate development. The government’s focus on improving infrastructure and encouraging investment has played a crucial role in this transformation.
In recent years, Sharjah has experienced a surge in real estate activities. The introduction of freehold property ownership for non-GCC nationals has been a game-changer, attracting foreign investors to the market. Additionally, the development of mixed-use projects and integrated communities has become a key trend, reflecting the emirate’s commitment to modern urban living.
11 Major Real Estate Developers in Sharjah
Several prominent developers are driving the growth of Sharjah’s real estate sector. These developers are known for their innovative projects, commitment to quality, and contribution to the emirate’s overall development.
Arada
Arada is one of the leading developers in Sharjah, known for its focus on sustainability and community living. The company’s flagship projects, such as Aljada and Nasma Residences, have set new standards for urban development in the emirate.
Eagle Hills
Eagle Hills is a global real estate developer with a reputation for luxury and scale. Led by industry veteran Mohamed Alabbar, the company has undertaken ambitious projects across the Middle East, Africa, and Europe. With strong financial backing, Eagle Hills is known for delivering high-end mixed-use developments that set new benchmarks in the industry.
- Global real estate player: Operates in the Middle East, Africa, and Europe.
- Leadership: Headed by Mohamed Alabbar, also founder of Emaar Properties.
- Investment focus: Large-scale, mixed-use developments with a luxury focus.
- Company strength: Financial backing and expertise in delivering high-end projects.
Shurooq (Sharjah Investment and Development Authority)
Shurooq is a key government entity that plays a pivotal role in Sharjah’s real estate development. The organization is involved in several high-profile projects, including the Heart of Sharjah, which aims to preserve the emirate’s cultural heritage while providing modern amenities.
Alef Group
Alef Group is known for its innovative approach to real estate development, blending traditional elements with modern design. The company’s projects, such as Al Mamsha, are examples of how they are shaping Sharjah’s urban landscape.
Tilal Properties
Tilal Properties is another major player in Sharjah’s real estate market. The company is known for creating integrated communities that offer a blend of residential, commercial, and recreational spaces. Projects like Tilal City are prime examples of their work.
Sharjah Holding
Sharjah Holding is a prominent real estate developer focused on creating vibrant communities within Sharjah. Their flagship project, Al Zahia, a partnership with Majid Al Futtaim, stands as a testament to their commitment to blending traditional Emirati values with modern living. Beyond residential developments, Sharjah Holding is also expanding its footprint in the retail sector with projects like the Matajer Al Juraina mall.
- Focus: Real estate development primarily in Sharjah.
- Key project: Al Zahia, Sharjah’s first gated community, developed in partnership with Majid Al Futtaim.
- Other initiatives: Expansion of Matajer Al Juraina mall, development of Al-Azia residential community.
- Distinctive feature: Focus on creating communities that blend traditional Sharjah values with modern living.
Al Thuriah Group
Al Thuriah Group is an integrated real estate company with a strong track record in construction, development, and property management. Their focus on delivering high-quality residential and commercial buildings in Sharjah has solidified their position as a reliable and trusted developer. With a comprehensive approach to real estate, Al Thuriah Group offers end-to-end solutions for its clients.
- Integrated real estate company: Covers construction, development, and property management.
- Project focus: High-quality residential and commercial buildings in Sharjah.
- Company strength: Strong track record in delivering turnkey projects.
- Market position: Established player with a reputation for quality and reliability.
Diamond Developers
Diamond Developers is a pioneer in sustainable real estate development. Their flagship project, The Sustainable City, is a prime example of their commitment to creating eco-friendly communities. By incorporating innovative green technologies and sustainable practices, Diamond Developers caters to environmentally conscious buyers seeking a harmonious balance between luxury and sustainability.
- Sustainability focus: Known for developing eco-friendly communities.
- Flagship project: The Sustainable City, a pioneering green development in Dubai.
- Awards: Recognized for its commitment to sustainability, winning the Developer of the Year award.
- Target audience: Environmentally conscious buyers seeking sustainable living options.
Shumous Properties
Shumous Properties specializes in developing luxurious villas within gated communities. Their focus on creating secure and family-oriented environments has earned them a strong reputation in the market. With projects like Sharjah Garden City, Shumous Properties offers spacious and elegant villas that cater to the discerning tastes of their target audience.
- Luxury villa specialist: Offers high-end villas in gated communities.
- Key project: Sharjah Garden City, featuring spacious villas with ample amenities.
- Target market: Families seeking luxurious and secure living environments.
- Company strength: Experience in delivering high-quality, family-oriented developments.
Omran Properties
Omran Properties is focused on expanding Sharjah’s urban environment through large-scale developments. The company’s projects are designed to enhance the emirate’s infrastructure and provide high-quality living spaces for residents.
Arada: Leading the Way in Sustainable Development
Arada’s commitment to sustainable development is evident in its flagship projects. Aljada, a master-planned community, is designed with green spaces, smart technology, and sustainable building practices, making it one of the most sought-after developments in Sharjah.
Commitment to Sustainability
Arada is not just about building homes; it’s about creating communities that are in harmony with the environment. The company’s focus on sustainability extends to every aspect of its projects, from energy-efficient buildings to the use of renewable materials.
Eagle Hills
Eagle Hills is a prominent global real estate investment and development company headquartered in Abu Dhabi, United Arab Emirates. Founded in 2014 and led by industry titan Mohamed Alabbar, the company has rapidly expanded its footprint across the Middle East, Africa, and Europe.
Known for its ambitious and large-scale projects, Eagle Hills focuses on creating mixed-use developments that blend residential, commercial, and leisure components. Their projects are often characterized by their luxurious and contemporary design, aiming to set new standards in urban living.
With a strong financial backing and a commitment to delivering exceptional quality, Eagle Hills has become synonymous with prestigious real estate developments. Their projects are not only designed to meet the needs of residents but also to contribute to the economic and social development of the communities in which they are located.
Shurooq: Pioneering Public-Private Partnerships
Notable Developments
Shurooq’s role in Sharjah’s real estate development is significant. The organization has spearheaded several landmark projects, including the Al Majaz Waterfront and the Kalba Eco-Tourism Project, which have enhanced Sharjah’s appeal as a destination for both residents and tourists.
Enhancing Sharjah’s Appeal as a Destination
Through its projects, Shurooq aims to boost Sharjah’s tourism sector and improve the quality of life for its residents. The organization’s focus on public-private partnerships ensures that developments are sustainable and beneficial to the community.
Alef Group: Blending Tradition with Modernity
Alef Group is known for its ability to blend traditional design elements with modern architecture. Projects like Al Mamsha showcase the company’s vision for creating spaces that honor Sharjah’s cultural heritage while providing contemporary amenities.
Vision for Sharjah’s Future
Alef Group’s developments are a testament to their commitment to Sharjah’s future. By creating spaces that are both functional and aesthetically pleasing, the company is helping to shape the emirate’s urban landscape for generations to come.
Sharjah Holding
Sharjah Holding is a prominent real estate developer based in Sharjah, United Arab Emirates. Established through a strategic partnership between the Government of Sharjah and Majid Al Futtaim Properties, the company has been instrumental in shaping the emirate’s urban landscape.
Known for its commitment to preserving Sharjah’s cultural heritage while embracing modern development, Sharjah Holding has successfully delivered a range of projects that cater to diverse lifestyle needs. Their flagship project, Al Zahia, is a prime example of their vision, offering residents a contemporary living experience within a traditional Emirati setting.
With a focus on creating sustainable and thriving communities, Sharjah Holding continues to play a vital role in driving economic growth and enhancing the quality of life in Sharjah.
Tilal Properties: Creating Integrated Communities
Signature Projects
Tilal Properties has made a name for itself by developing integrated communities that cater to the diverse needs of residents. Tilal City, one of the company’s signature projects, offers a mix of residential, commercial, and leisure spaces, making it a self-sufficient community.
Focus on Community Living
Tilal Properties’ developments are designed to foster a sense of community. The inclusion of parks, schools, and retail spaces within their projects ensures that residents have everything they need within walking distance.
Al Thuriah Group
Al Thuriah Group is a prominent real estate company with a strong presence in the United Arab Emirates, particularly in Sharjah. Established in 1996, the company has evolved from a small contracting firm into a fully integrated real estate powerhouse, offering a comprehensive range of services including development, construction, and property management.
Known for its commitment to delivering high-quality projects, Al Thuriah has built a solid reputation for its residential and commercial developments. From luxurious villas to towering skyscrapers, the company has a diverse portfolio that caters to various market segments.
With a focus on customer satisfaction and a dedication to excellence, Al Thuriah has established itself as a trusted name in the UAE real estate industry. Their ability to handle projects from inception to completion, coupled with their expertise in property management, has contributed to their sustained success.
Diamond Developers
Diamond Developers is a leading real estate developer renowned for its commitment to sustainability and innovation. Based in Dubai, the company has been at the forefront of creating environmentally friendly and socially responsible communities.
Their flagship project, The Sustainable City, stands as a testament to their vision. This groundbreaking development incorporates cutting-edge green technologies, such as solar power and organic farming, to create a self-sustaining ecosystem. Diamond Developers has garnered widespread recognition for its contributions to sustainable living and has set a new benchmark for the real estate industry.
Beyond The Sustainable City, Diamond Developers has a growing portfolio of projects that prioritize environmental consciousness and community well-being. The company’s dedication to sustainability has earned them numerous awards and accolades, solidifying their position as a pioneer in the green building movement.
Shumous Properties
Shumous Properties is a renowned real estate developer specializing in creating luxurious and family-oriented villa communities. With a strong focus on providing exceptional living experiences, the company has established itself as a leading name in the UAE’s real estate market.
Shumous Properties is celebrated for its commitment to delivering high-quality homes that offer residents a perfect blend of comfort, style, and security. Their projects are meticulously designed to cater to the needs of modern families, incorporating spacious layouts, premium amenities, and lush green surroundings.
One of their flagship developments, Sharjah Garden City, exemplifies the company’s dedication to creating thriving communities. This exclusive residential compound boasts a range of villa options, each designed to offer residents a truly exceptional lifestyle.
With a proven track record of success and a customer-centric approach, Shumous Properties continues to shape the landscape of luxury living in the UAE.
Omran Properties – Expanding Sharjah’s Urban Landscape
Sharjah Investment and Development Authority (Shurooq) has partnered with Dubai’s Emaar Properties and Abu Dhabi real-estate developer Eagle Hills to establish Omran Properties, which will develop commercial, industrial, and real estate projects in Sharjah and beyond. Omran Properties is focused on large-scale developments that contribute to the expansion of Sharjah’s urban environment. The company’s projects are designed to provide high-quality living spaces and improve the emirate’s infrastructure.
Contribution to the Emirate’s Growth
The largest of the developments is Maryam Island, a unique AED2.26 billion mixed-use development located between Al Khan Lagoon and Al Mamzar peninsula. The five-star hotel ‘Al Khan Village Resort’, is worth AED120.6 million and the ‘Kalba Waterfront Mall’ in the eastern region of the emirate has a development cost valued at AED106 million.
Spanning 3.9 million sqft – situated between Al Khan Lagoon and Al Mamzar peninsula – Maryam Island will offer a leasable retail area of 200,004 sqft. The development will include residential housing, apartments, offices, hotels, a cinema and entertainment areas.
The Impact of Real Estate Development on Sharjah’s Economy
Job Creation and Economic Growth
The real estate sector is a major contributor to Sharjah’s economy. Developments by major players like Arada and Tilal Properties have created thousands of jobs, boosting the local economy and providing opportunities for residents.
Attraction of Foreign Investment
Sharjah’s real estate market is increasingly attracting foreign investment. The introduction of freehold property ownership has made the emirate an attractive destination for international investors looking for stable and profitable opportunities.
Sustainable Practices in Sharjah’s Real Estate Development
Green Building Standards
Sustainability is a key focus for many developers in Sharjah. The adoption of green building standards ensures that new developments are energy-efficient and environmentally friendly, reducing the emirate’s carbon footprint.
Environmental Impact Assessments
Before any major development begins, environmental impact assessments are conducted to ensure that projects do not harm the environment. This practice reflects Sharjah’s commitment to preserving its natural resources while promoting sustainable growth.
The Future of Real Estate in Sharjah
Upcoming Projects
The future of real estate in Sharjah looks promising, with several major projects in the pipeline. Developments like Maryam Island and Aljada’s Central Hub are expected to set new benchmarks for urban living in the emirate.
Expected Trends
As Sharjah continues to grow, several trends are expected to shape its real estate market. These include the development of smart cities, increased focus on sustainability, and the creation of more mixed-use communities.
Sharjah’s real estate market is on a trajectory of growth, driven by innovative developers committed to creating sustainable and vibrant communities. From Arada’s eco-friendly projects to Tilal Properties’ integrated communities, each developer is playing a crucial role in shaping the emirate’s future. As Sharjah continues to evolve, its real estate sector will undoubtedly remain a key pillar of its economic and social development.
FAQs
What are the most prominent real estate developers in Sharjah?
Some of the most prominent real estate developers in Sharjah include Arada, Tilal Properties, Shurooq, Alef Group, and Omran Properties.
How is sustainability being incorporated into Sharjah’s real estate projects?
Sustainability is being incorporated through green building standards, energy-efficient designs, and environmental impact assessments.
What impact does real estate development have on Sharjah’s economy?
Real estate development contributes to job creation, economic growth, and the attraction of foreign investment, all of which boost Sharjah’s economy.
Which areas in Sharjah are seeing the most real estate growth?
Areas like Aljada, Tilal City, and Maryam Island are experiencing significant real estate growth, driven by major development projects.
How can foreign investors participate in Sharjah’s real estate market?
Foreign investors can participate in Sharjah’s real estate market by purchasing freehold properties, particularly in areas designated for foreign ownership.
