Sharjah property sector zooms as Dhs1.5b Sukoon project launched

The Sharjah’s property sector is on a solid growth track and is marching ahead despite the regional woes.  Sharjah is a key destination for global investors. Sanzen has officially commenced construction on Sukoon by Sanzen, a Dhs1.5 billion residential development in Sharjah comprising 859 villas and townhouses across four phases.

The project takes a deliberately different approach to how homes and communities are designed in the UAE — one built around daily wellbeing rather than weekend escapes.

The construction launch comes at a moment when many regional developers are choosing to pause. Sanzen’s decision to break ground now is a deliberate statement of confidence in the UAE economy, the long-term resilience of its real estate sector, and the strength of buyer demand the company has seen since launch.

Construction officially began on Tuesday.

Top officials at the signing ceremony in Dubai.

The announcement was made at a signing ceremony held at Sanzen’s office in Festival Tower, Festival City, Dubai, where Sanzen and PTC Contracting signed the construction agreement in the presence of senior leadership from both companies and more than 20 media representatives.

The ceremony was attended by Abdulaziz Al Sanad, Chairman of Sanzen;  Amro Saleh, CEO and Founder of Sanzen; Mohammad Obaid Alshaali, Chairman of PTC Contracting; and Hesham Mustafa, Project Manager at PTC Contracting.

Amro Saleh, CEO and Founder, Sanzen, said: When others pause, we build. The commencement of construction at Sukoon is a defining moment for Sanzen — and a deliberate statement of confidence in the UAE economy and its real estate sector. Phase 1 selling out on launch day was a clear signal from the market, and today we respond with action.

Sanzen is self-funded, which allows us to absorb material cost pressure internally and lock Sukoon prices for at least six months — a commitment to our buyers, not a marketing campaign. We are not simply building homes. We are building a community that sets a new benchmark for integrated living in the UAE, and our partnership with PTC Contracting gives us full confidence in delivering Sukoon to the highest standards, on time and without compromise.”

 Hesham Mustafa, Project Manager, PTC Contracting added that despite the current regional conditions, we are moving forward with full confidence, supported by the strength of the UAE economy and the stability of its real estate sector. The commencement of works at Sukoon reflects PTC’s unwavering commitment to delivering the highest standards of execution — creating genuine value for investors and the market alike.”

The construction contract for Phase 1 of Sukoon has been awarded to PTC Contracting — a 100% Emirati firm with over five decades of delivery excellence in Dubai and Sharjah — marking the beginning of a strategic partnership between two organisations committed to quality and long-term value in the UAE real estate sector.

Sukoon — which means “peace” or “calm” in Arabic — is a residential development of 859 villas and townhouses in Sharjah. It is designed around a simple idea: people living in busy cities like Dubai and Sharjah need to be able to unwind every day, not just on weekends.

Instead of a single large clubhouse, Sukoon spreads its facilities across the entire community so that every home is a short walk from a quiet space, a garden, a wellness area, or the lagoon. The aim is to make daily rest and recovery a natural part of life — not something residents have to plan or travel for.

A 3,000 sqm lagoon runs through the centre of the development, connecting all four residential blocks. Residents can walk alongside it in the morning or evening as part of their daily routine.

Sukoon is being built in four phases, each adding a new layer of facilities to the community:

Phase 1 (now under construction): A recovery pavilion, quiet rooms, breathing and mindfulness spaces, a waterside pod, and an outdoor stretch area. All bookable through an app.

Phase 2: An infrared sauna, nap pods, a reflexology path, family lawn, and community dining areas.

Phase 3: Cold plunge pools, sports courts for padel and tennis, and outdoor fitness areas.

Phase 4: A sound healing pavilion, a sunset viewing point, and a community gathering space.

The development also includes swimming pools, cycling tracks, children’s play areas, nurseries, mosques, retail outlets, and smart home technology across all units.

Sanzen is a 100% self-funded developer. This structure allows the company to absorb fluctuations in material costs and supply-chain pressure internally — without passing them on to buyers. As a direct commitment to its customers and channel partners, Sukoon prices are locked for a minimum of six months. This is a commitment, not a campaign.

Phase 1 of Sukoon — 241 villas and townhouses — sold out completely on the day it launched, a clear signal of demand for Sanzen’s approach. Building on that momentum, the company is targeting Dhs3 billion in first-year sales, supported by continued interest from UAE-based and international investors.

History reinforces the case for investing in the UAE during moments of global uncertainty. Investors who entered the market during the 2008 financial crisis achieved returns of approximately 80%, and those who invested during the COVID-19 period saw returns of up to 150%. The UAE’s economic fundamentals, government-led sector support, and long-term stability continue to attract capital from investors who take a disciplined view of the cycle.

Phase 2 of Sukoon is now open for bookings. Investors and channel partners can contact Sanzen by phone or WhatsApp on 800 ZENN (9366) or through www.sanzen.ae.

Sukoon is located in Sharjah, within easy reach of Dubai, Sharjah, and Ajman via major highways. The full project is expected to be completed and handed over to residents in the second quarter of 2029.

WAM