Latest news with #AjwanKhorfakkan
ME Construction
14-07-2025
- Business
- ME Construction
Shurooq appoints Yousif Ahmed AlMutawa as their Chief Real Estate Officer
Industry News Shurooq appoints Yousif Ahmed AlMutawa as their Chief Real Estate Officer By AlMutawa will oversee Shurooq's real estate portfolio with broader responsibilities encompassing strategic development, investor relations, and sustainable community planning across Sharjah and the Northern Emirates The Sharjah Investment and Development Authority (Shurooq) has appointed Yousif Ahmed AlMutawa as its new Chief Real Estate Officer. Previously serving as CEO of Sharjah Sustainable City, AlMutawa's new role expands significantly to cover the strategic development, investor engagement, and sustainable community planning for Shurooq's real estate portfolio across Sharjah and the Northern Emirates. In his new capacity, AlMutawa will oversee Shurooq's real estate portfolio with broader responsibilities encompassing strategic development, investor relations, and sustainable community planning across Sharjah and the Northern Emirates. The appointment underscores Shurooq's commitment to enhancing Sharjah's position as a cultural investment capital and premier destination for value-driven development. Under AlMutawa's leadership, Shurooq will continue to differentiate Sharjah's real estate offering through its curated approach prioritising livability, heritage preservation, and community-first development. Key initiatives include advancing projects like Ajwan Khorfakkan on the UAE's East Coast, which exemplifies a human-centric design philosophy integrating leisure, lifestyle, and green spaces. Having joined Shurooq in 2006, AlMutawa brings nearly two decades of experience across project management, construction, operations, investment strategy, and property oversight. He holds a degree in e-commerce from the Higher Colleges of Technology – Sharjah, a certified Project Management Professional (PMP), and is a member of the Project Management Institute and the Real Estate Sector Business Group within the Sharjah Chamber of Commerce & Industry. His academic background, coupled with practical expertise, positions him as a results-oriented leader capable of delivering complex, future-facing projects that align with Sharjah's broader vision of progress. Al Mutawa's appointment comes as Sharjah experiences growing momentum in its real estate sector, driven by the emirate's stable regulatory environment, affordable luxury value proposition, and increasing global demand for culturally rich, well-planned destinations, said a statement. Among the major projects under his purview is Ajwan Khorfakkan, a high-profile coastal development on the UAE's East Coast. The project is being hailed as a benchmark in human-centric design, blending leisure, lifestyle, and green public spaces in a culturally rooted setting.
Sharjah 24
10-07-2025
- Business
- Sharjah 24
Yousif Ahmed AlMutawa appointed Chief Real Estate Officer at Shurooq
To oversee Shurooq's real estate portfolio In his new capacity, AlMutawa will oversee Shurooq's real estate portfolio with broader responsibilities encompassing strategic development, investor relations, and sustainable community planning across Sharjah and the Northern Emirates. The appointment underscores Shurooq's commitment to enhancing Sharjah's position as a cultural investment capital and premier destination for values-driven development. Under AlMutawa's leadership, Shurooq will continue to differentiate Sharjah's real estate offering through its curated approach prioritising livability, heritage preservation, and community-first development. Key initiatives include advancing projects like Ajwan Khorfakkan on the UAE's East Coast, which exemplifies a human-centric design philosophy integrating leisure, lifestyle, and green spaces. Held key leadership roles AlMutawa began his professional journey in 2006 with Shurooq. He has held key leadership roles across project management, construction, operations, property oversight, and investment strategy. A graduate in e-commerce from the Higher Colleges of Technology – Sharjah, AlMutawa is also a certified Project Management Professional and an active member of the Project Management Institute. He is a member of the Real Estate Sector Business Group within the Sharjah Chamber of Commerce & Industry. His academic background, coupled with practical expertise, positions him as a results-oriented leader capable of delivering complex, future-facing projects that align with Sharjah's broader vision of progress. Al Mutawa's appointment comes as Sharjah experiences growing momentum in its real estate sector, driven by the emirate's stable regulatory environment, affordable luxury value proposition, and increasing global demand for culturally rich, well-planned destinations.
Zawya
29-01-2025
- Business
- Zawya
Shurooq achieves 70% sales for Ajwan Khorfakkan at ACRES 2025
SHARJAH - Sharjah Investment and Development Authority (Shurooq) announced that it achieved 70 percent sales for its residential project "Ajwan Khorfakkan" during its participation in the Sharjah Real Estate Exhibition "Acres 2025", held at Expo Centre Sharjah. The sales were driven by the two new residential towers, "Mawj" and "Ghadeer". Ahmed Obaid Al Qaseer, CEO of Shurooq, highlighted the significant turnout at the "Mawj" and "Ghadeer" towers during the event. This response reflects the growing confidence in the Khorfakkan real estate market and aligns with Sharjah's vision for sustainable development. The "Ajwan" project spans 65,269 square metres and features six residential buildings with 185 luxury apartments. These apartments offer views of either the Arabian Gulf or the mountains of Khorfakkan.
Gulf Today
28-01-2025
- Business
- Gulf Today
Ajwan Khorfakkan by Shurooq achieves 70% sales for 2 towers
Shurooq's flagship development Ajwan Khorfakkan has successfully concluded its participation at ACRES 2025 at Expo Centre Sharjah, marking a significant milestone with the launch of Mawj and Ghadeer — the two new residential towers, and achieving over 70 per cent booking rate during the event. Ahmed Obaid Al Qaseer, Chief Executive Officer of Shurooq, said: 'We have received an overwhelming response to Mawj and Ghadeer towers at ACRES 2025, reflecting the growing confidence in Khorfakkan's real estate market and Sharjah's vision for sustainable development. Ajwan Khorfakkan stands as a testament to Shurooq's commitment to developing community-centric projects that blend luxury with wellness. Through this development, we aim to provide both local and international buyers with unique investment opportunities and second-home options, offering a lifestyle defined by relaxation, comfort, and long-term value. Alongside our other pioneering developments, such as Sharjah Sustainable City and Maryam Island, we continue to set new benchmarks for innovative, sustainable living spaces in the region, all empowered by the visionary leadership of Sharjah.' The success of Ajwan Khorfakkan reflects the impressive overall performance, with Sharjah's real estate transactions reaching a volume of Dhs40 billion in 2024, representing a 48 per cent growth compared to 2023. The success of Ajwan Khorfakkan is reflective of the region's impressive performance overall, with Khorfakkan recording Dhs262.4 million in transactions during Q1-Q3 of 2024. During ACRES 2025, prospective buyers benefited from a 50 per cent discount on property registration fees, making it an exceptional opportunity for investment in the UAE's hottest and most picturesque emerging destination. The newly launched towers are part of Ajwan's masterplan spanning 65,269 sqm, which will ultimately feature six residential buildings offering 185 premium apartments. Each residence within Mawj and Ghadeer has been meticulously designed to maximise views of either the Arabian Sea or Khorfakkan's mountain landscape, offering a range of two, three, and four-bedroom apartments alongside premium duplexes. Ajwan, which derives its name from the Arabic word 'Jawn' meaning a small bay, represents a cornerstone development in Shurooq's portfolio. The project offers direct beach access, a marina boardwalk, and world-class amenities, establishing new standards for luxury waterfront living in the UAE's emerging East Coast destination. Ajwan Khorfakkan offers a variety of apartment types, including two-bedroom, three-bedroom, and four-bedroom apartments, as well as three-bedroom and four-bedroom duplexes. The development offers incredible amenities, including direct access to the private beach and a boardwalk with stunning Marina views, ensuring residents can enjoy exclusive waterfront living. Additionally, sales remain open for the remaining units in phase-1's Al Joon and Saahil towers, providing investors further opportunities to participate in this landmark development. Guided by the traditions of the Emirate of Sharjah and driven by futuristic innovation, Shurooq boasts a rapidly expanding and diverse portfolio of developments in six key market sectors including hospitality, real estate, leisure, arts & culture, and others, across Sharjah's western, central and eastern regions. Shurooq's portfolio of projects reflects its mission to enhance long-term investment prospects offered by Sharjah to businesses, SMEs and startups across a wide range of sectors. Furthering this goal, the authority has been driving Sharjah's Public Private Partnerships (PPPs) through joint ventures with key local and global brands. Through each of its focus sectors, Shurooq takes the responsibility of driving investments and creating new partnerships that effectively boost Sharjah's economy and FDI growth, working closely in partnership with numerous local and federal entities contributing Sharjah and UAE's economic standing and development. Ajwan sets a new standard for luxury living, redefining modern life in the picturesque city of Khorfakkan on Sharjah's East Coast. Spanning an impressive 65,269 sqm, this visionary residential project by the Sharjah Investment and Development Authority (Shurooq) enhances Khorfakkan's allure with six buildings housing 185 apartments, two adult swimming pools, a kid's pool, a scenic waterfront, and a variety of amenities, dining, and retail spaces. Ajwan also boasts a spectacular 15,000 sqm water park featuring an artificial wave pool, thrilling slides, and winding water passages, adding to the coastal charm of Khorfakkan. 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 a mountainous landscape.
Zawya
28-01-2025
- Business
- Zawya
Ajwan Khorfakkan by Shurooq achieves over 70% sales and strong market response for two new towers
The success of Ajwan Khorfakkan is reflective of the region's impressive performance overall, with Khorfakkan recording AED 262.4 million in transactions during Q1-Q3 2024. Ajwan Khorfakkan offers incredible amenities, including direct access to a private beach and a boardwalk with stunning Marina views, ensuring residents can enjoy exclusive waterfront living. Sharjah, UAE: Shurooq's flagship development Ajwan Khorfakkan has successfully concluded its participation at ACRES 2025 at Expo Centre Sharjah, marking a significant milestone with the launch of Mawj and Ghadeer – the two new residential towers, and achieving over 70% booking rate during the event. H.E. Ahmed Obaid Al Qaseer, Chief Executive Officer of Shurooq, said: 'We have received an overwhelming response to Mawj and Ghadeer towers at ACRES 2025, reflecting the growing confidence in Khorfakkan's real estate market and Sharjah's vision for sustainable development. Ajwan Khorfakkan stands as a testament to Shurooq's commitment to developing community-centric projects that blend luxury with wellness. Through this development, we aim to provide both local and international buyers with unique investment opportunities and second-home options, offering a lifestyle defined by relaxation, comfort, and long-term value. Alongside our other pioneering developments, such as Sharjah Sustainable City and Maryam Island, we continue to set new benchmarks for innovative, sustainable living spaces in the region, all empowered by the visionary leadership of Sharjah.' The success of Ajwan Khorfakkan reflects the impressive overall performance, with Sharjah's real estate transactions reaching a volume of AED 40 billion in 2024, representing a 48% growth compared to 2023. During ACRES 2025, prospective buyers benefited from a 50% discount on property registration fees, making it an exceptional opportunity for investment in the UAE's hottest and most picturesque emerging destination. The newly launched towers are part of Ajwan's masterplan spanning 65,269 sqm, which will ultimately feature six residential buildings offering 185 premium apartments. Each residence within Mawj and Ghadeer has been meticulously designed to maximize views of either the Arabian Sea or Khorfakkan's mountain landscape, offering a range of two, three, and four-bedroom apartments alongside premium duplexes. Ajwan, which derives its name from the Arabic word "Jawn" meaning a small bay, represents a cornerstone development in Shurooq's portfolio. The project offers direct beach access, a marina boardwalk, and world-class amenities, establishing new standards for luxury waterfront living in the UAE's emerging East Coast destination. Ajwan Khorfakkan offers a variety of apartment types, including two-bedroom, three-bedroom, and four-bedroom apartments, as well as three-bedroom and four-bedroom duplexes. The development offers incredible amenities, including direct access to the private beach and a boardwalk with stunning Marina views, ensuring residents can enjoy exclusive waterfront living. Additionally, sales remain open for the remaining units in phase-1's Al Joon and Saahil towers, providing investors further opportunities to participate in this landmark development. For more information about Ajwan Khorfakkan, please call 800 AJWAN (25926). About the Sharjah Investment and Development Authority (Shurooq) Guided by the traditions of the Emirate of Sharjah and driven by futuristic innovation, Shurooq boasts a rapidly expanding and diverse portfolio of developments in six key market sectors including hospitality, real estate, leisure, arts & culture, and others, across Sharjah's western, central and eastern regions. Shurooq's portfolio of projects reflects its mission to enhance long-term investment prospects offered by Sharjah to businesses, SMEs and startups across a wide range of sectors. Furthering this goal, the authority has been driving Sharjah's Public Private Partnerships (PPPs) through joint ventures with key local and global brands. Through each of its focus sectors, Shurooq takes the responsibility of driving investments and creating new partnerships that effectively boost Sharjah's economy and FDI growth, working closely in partnership with numerous local and federal entities contributing Sharjah and UAE's economic standing and development. About Ajwan Khorfakkan Ajwan sets a new standard for luxury living, redefining modern life in the picturesque city of Khorfakkan on Sharjah's East Coast. Spanning an impressive 65,269 sqm, this visionary residential project by the Sharjah Investment and Development Authority (Shurooq) enhances Khorfakkan's allure with six buildings housing 185 apartments, two adult swimming pools, a kid's pool, a scenic waterfront, and a variety of amenities, dining, and retail spaces. Ajwan also boasts a spectacular 15,000 sqm water park featuring an artificial wave pool, thrilling slides, and winding water passages, adding to the coastal charm of Khorfakkan. 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 a mountainous landscape. The development is strategically located near Khorfakkan Beach and a mere 5-minute drive from the town's iconic amphitheater and waterfall. It is also conveniently situated just minutes away from the renowned Al Rabi hiking trail - a perfect destination for those seeking rejuvenation amidst nature's beauty. Ajwan offers an exceptional investment opportunity with competitive prices for beachfront residences, providing breathtaking views of the Gulf of Oman and majestic mountains. It seamlessly blends natural beauty with elegant living spaces. For more information, call 800 AJWAN (25926) or visit Media Contact Gambit Communications Showkat Rather Senior Account Manager – Sustainability and ESG showkat@
