A Sharjah real estate development is attracting investors with luxury homes, beachfront setting, a waterpark and the chance of holiday rental returns.
The first phase of Ajwan, the all-new luxurious residential project in Khorfakkan by the Sharjah Investment and Development Authority (Shurooq), has garnered critical acclaim and steady investor attention over the past months thanks to its nature-inspired high-end living on the water’s edge, that includes the first-of-its-kind waterpark in the eastern region of the UAE.
The community’s mountainous landscape, as well as luxurious housing and facilities such as water sports, swimming pools, access to open beach, and amenities accessible to all residents, have resonated strongly with potential homeowners looking to settle down in the UAE’s newest luxury beachfront destination.
Sharjah real estate
The development comprises six residential buildings, featuring 185 apartments ranging from spacious two, three, and four-bedroom apartments to indulgent three-bedroom and four-bedroom duplex residences; and a five-star hotel.
Located between the Khorfakkan mountains and the Gulf of Oman, Ajwan, Khorfakkan Residence is a attracting the interest of real estate investors from the UAE and the region.
The waterfront environment will also offer private beach access and a boat docking facility at the marina, allowing boat owners to sail into new adventures in the Gulf at any time.
Ajwan homes will also present excellent holiday rental opportunities, making them an attractive option for investors, with its secure gated community, and large terraces offering scenic nature views.
Ahmed Obaid Al Qaseer, CEO of Shurooq, said: “Ajwan is a key component of our comprehensive strategy aimed at harnessing the city’s potential and fulfilling the directives and the vision of H.H. Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, to showcase the diverse tourism, cultural and investment opportunities in Sharjah.
“Even as we prepare for the rollout of the second phase, we are delighted at the strong response to the first phase of Ajwan, which has unlocked new opportunities for those looking to invest in world-class real estate projects in the Eastern Region, and I am confident that this project will set a new benchmark for luxury residential communities in the region.”

Aiming to cultivate a thriving environment for families, communities, commerce, and tourism in this charming and naturally diverse coastal town, Ajwan derives its name from the plural form of the Arabic word “Jawn”, which describes a small bay and draws a metaphorical relationship to the distinctive location of the project, situated by the shore and surrounded by a port, a beach and mountainous landscape.
The charming community is close to Khorfakkan Beach and five-minute drive from the town’s iconic amphitheatre and waterfall.
Ajwan offers a diverse selection of apartment configurations and price ranges, catering to a wide range of needs and lifestyles, particularly for families.
The total number of apartments rolled out in Phase 1 is 79 units.
The sizes of two-bedroom apartments range from 127 to 231sq m and prices start from AED1,899,000 ($517,000). The three-bedroom apartments span 168 to 289sq m and begin at AED2,099,000 ($572,000).
The three-bedroom duplex apartments measure 235 to 275sq m and start from AED3,799,000 ($1m).
Four-bedroom apartments extend over 225 to 369sq m and prices begin at AED2,799,000 ($762,000).
The four-bedroom duplex apartments cover 272 to 312sq m and are available from AED4,199,000 ($1.1m).
Phase 2 will be introduced at a later stage