Sanzen Sells Out Phase One of USD 642m Sukoon Project in Sharjah

Sharjah, UAE: Sanzen Real Estate Development has announced the complete sell-out of Phase One of its integrated residential project Sukoon, with a total estimated value of USD 642 million (AED 2.36 billion), located in the Al Tay area of Sharjah. The announcement comes as the company records strong progress in the sales of subsequent phases of the development.

Phase One comprised 240 villas, all of which were sold amid strong demand from end users and long-term investors.

Upon completion, Sukoon is set to deliver 859 villas, along with a retail mall and a mosque, positioning it among the largest residential developments within the strategic growth corridor between Sharjah and Dubai.

On-Site Sales Center Marks Key Milestone

The announcement was made during the inauguration ceremony of the on-site sales center, attended by leading real estate brokers, investors, and prospective buyers. The sales center is intended to support upcoming development phases and strengthen direct and ongoing engagement with brokers and clients.

Commenting on the milestone, Abdulaziz Al Sanad, Chairman of Sanzen Real Estate Development, said:

The complete sell-out of Phase One of Sukoon represents a significant achievement that reflects market confidence in the project’s quality and long-term value. It reaffirms our commitment to developing integrated residential communities in strategic and promising locations.

Sales Center to Support Future Phases

Amro Saleh, Chief Executive Officer of Sanzen, emphasized the importance of the on-site sales center, stating:

The sales center offers an interactive and direct experience for buyers and brokers, enabling them to assess the project within its real environment. It also serves as a key pillar in supporting the launch of the upcoming phases of Sukoon.

Strategic Location Targets Family-Oriented Living

Sukoon is strategically located near the Sharjah–Dubai border and targets families seeking villa living within a fully integrated community, while benefiting from convenient access across both emirates. According to the developer, villa pricing remains competitive in line with current market dynamics.