INSEAD Day 4 - 728x90

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Shurooq real estate sales exceed $48 million at ACRES 2024

The four-day event was held in Sharjah. (Shurooq)
  • Shurooq said it has been continuously boosting Sharjah’s global investment appeal with revolutionary projects like Sharjah Sustainable City.
  • At ACRES 2024 Shurooq showcased phase 4 of this net zero mixed-use development, selling and reserving 42 units that are valued at AED 102.5 million.

Sharjah, UAE — Sharjah Investment and Development Authority (Shurooq) contributed over AED 177 million to the total sales of AED 1.4 billion during the four-day Sharjah Real Estate Exhibition (ACRES 2024). 

Shurooq said it has been continuously boosting Sharjah’s global investment appeal with revolutionary projects like Sharjah Sustainable City, which is a joint venture between “Shurooq” and Diamond Developers.

At ACRES 2024 Shurooq showcased phase 4 of this net zero mixed-use development, selling and reserving 42 units that are valued at AED 102.5 million.

Another residential project “Shurooq” showcased at the exhibition is ‘Ajwan’, which is being developed in the picturesque coastal town of Khorfakkan in the eastern region of Sharjah.

The promise of affordable seaside luxury was a resounding success at ACRES, with Shurooq selling and reserving 32 units totaling AED 74.1 million in value.

Ajwan has made a debut with two signature residential towers ‘Saahil’ and ‘Al Joon’, and upon completion, the development will comprise six buildings containing 185 apartments, a five-star hotel managed by Marriott Autograph Collection, two adult swimming pools, a kids pool, and a waterfront.