Sharjah Holding

What Sharjah Holding does

Sharjah Holding is a Sharjah-based real estate investment holding company established in 2008 as a strategic joint venture between Sharjah Asset Management, the investment arm of the Government of Sharjah, and Majid Al Futtaim Properties. The company develops and operates integrated, master-planned communities across the Emirate of Sharjah, with its flagship being Al Zahia — a one-million-square-metre gated residential community on track for 3,700 homes and 12,000 residents, offering villas, townhouses, apartments, and freehold land plots across seven neighbourhoods (Al Jouri, Al Narjis, Al Lilac, Al Yasmeen, Uptown, Orchid, Camelia). Al Zahia holds the first BREEAM Communities Interim Certification awarded in the UAE and the Middle East.

The company's revenue model combines one-time residential unit sales (priced from AED 550 per sqft with payment plans of up to seven years and 5% down payments) with recurring retail lease income and service charges drawn from its Matajer neighbourhood shopping centre network and City Centre Al Zahia, a AED 2.6 billion, 130,000 sqm super-regional mall anchored by Carrefour and housing 360+ retail brands. Distribution runs through direct on-site sales teams, the Majid Al Futtaim retail ecosystem, and the company's owned-and-operated retail real estate, with City Centre Al Zahia serving a trade-area catchment of 1.9 million consumers across the Northern Emirates. Sharjah Holding also operates the JAHZIN educational initiative, which prepares Emirati students for higher studies and professional work in partnership with the University of Sharjah.

Name

Sharjah Holding

Legal name

Sharjah Holding

Website

https://sharjahholding.ae

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Sharjah Holding is a Sharjah-based real estate investment holding company, jointly owned by the Government of Sharjah and Majid Al Futtaim Properties, that develops and operates integrated master-planned communities — primarily Al Zahia, the Matajer neighbourhood retail network, and City Centre Al Zahia mall — serving UAE residents, GCC nationals, investors, and anchor retail tenants such as Carrefour.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Residential Buildings and Dwellings (53111), Residential Property Managers (531311), Rental and Leasing Services (532), Management of Companies and Enterprises (55111)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Ultra-Luxury Villas & Estates (THAMAEAA)

Keywords

• Real estate development
• Master-planned communities
• Residential property sales
• Neighbourhood retail centers
• Mixed-use developments

Headquarters

HQ city

Sharjah

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Residential Property Sales: Sharjah Holding generates revenue through the direct sale of residential units including villas, townhouses, courtyard villas, and apartments within Al Zahia and other developments. Properties are sold to UAE citizens, GCC nationals, and UAE residents with valid residence visas. Sales are conducted progressively in phases, with pricing starting from AED 550 per sqft and payment plans extending up to 7 years.
2. Neighbourhood Retail Centre Operations (Matajer): Matajer is a neighbourhood shopping centre concept operated by Sharjah Holding under the Majid Al Futtaim partnership. Centres house Carrefour hypermarkets, electronic shops, cosmetics, pharmacies, restaurants, and coffee shops. Revenue is generated through retail lease income and service charges from tenants.
3. Super-Regional Mall (City Centre Al Zahia): City Centre Al Zahia is a Dh2.6 billion super-regional mall with gross leasable area of 130,000 sqm, owned and operated through the Majid Al Futtaim and Sharjah Holding joint venture. Revenue is generated through retail lease income from over 360 brands, entertainment tenants (VOX Cinemas, Magic Planet), and the Carrefour Hypermarket anchor.
4. Community Management Services: Revenue is generated through service charges levied on residential community members within Al Zahia. The company also offers resale and leasing services to investors, generating additional fee income.
5. Community Initiatives and Partnerships: Net profit of AED 95 million reported for 2016, reflecting the company's diversified revenue streams from residential sales, retail operations, and service contracts across its portfolio.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Sharjah Holding is a real estate investment holding company that develops integrated mixed-use communities in Sharjah, UAE. Its core offerings include Al Zahia, a master-planned gated residential community offering villas, townhouses, apartments and freehold land plots across multiple neighbourhoods, and Matajer, a network of neighbourhood shopping centres anchored by Carrefour with retail, F&B and services. The company also owns and operates City Centre Al Zahia, the Northern Emirates' largest super-regional mall, and supports the JAHZIN educational initiative for Emirati youth development.

Product overview

Sharjah Holding operates as a real estate development company offering a portfolio of integrated community products. Its core offerings include Al Zahia, a premier gated residential community providing multiple housing types across distinct neighbourhoods, and Matajer, a neighbourhood shopping centre concept serving residential areas. Additional offerings include the JAHZIN educational initiative and supporting retail infrastructure such as City Centre Al Zahia and North Hub. The company specialises in mixed-use developments combining residential, retail, and lifestyle amenities within master-planned communities across Sharjah.

Differentiator

Problem solved

Functional benefit

Brands

• Matajer: Neighbourhood shopping centre concept offering retail and services in residential communities across Sharjah. Branches include Al Quz (opened 2011), Al Garena, Al Khan, Al-Marqab, Al Juraina, and Al Musalla.
• Al Zahia
• JAHZIN

Products and services

• Al Zahia Residential Community Sharjah's premier gated residential community development offering villas, townhouses, apartments, and boutique villas across multiple neighbourhoods. Features amenities including a clubhouse, parks, and direct pedestrian connection to City Centre Al Zahia. Properties sold to UAE citizens, GCC nationals, and UAE residents with valid residence visas, starting from AED 550 per sqft with payment plans extending up to 7 years and 5% down payment.
• Matajer Neighbourhood Shopping Centres Neighbourhood shopping centre concept providing retail services to residential communities across Sharjah. Branches include Al Quz, Al Garena, Al Khan, Al-Marqab, Al Juraina (51 stores following 2018 AED 56m expansion), Al Musalla (opened 2020), with Al Rahmaniyah and Al Seyouh under development. Each centre is anchored by Carrefour and includes electronics, cosmetics, pharmacies, restaurants, and coffee shops. Generates recurring retail lease income and service charges.
• City Centre Al Zahia Super-regional shopping mall within the Al Zahia development with 130,000 sqm gross leasable area. The Northern Emirates' largest mall, featuring over 360 retail brands, Carrefour Hypermarket, VOX Cinemas, and Magic Planet entertainment. Investment valued at AED 2.6 billion, serving a trade area catchment of more than 1.9 million people across Sharjah, Dubai, Ajman, Umm al-Quwain, and Ras al-Khaimah. Generates recurring retail lease income from tenants.
• North Hub Retail Destination Retail destination within Al Zahia offering key stores to community residents. Spans over 1,000 sqm with Carrefour as anchor store covering 522 sqm and additional key retailers. Located within walking distance of Al Zahia residential community with direct pedestrian access, complementing the Retail Plaza in Uptown Al Zahia with 7,500 sqm of retail and F&B space.

Quantifiable outcome

• Al Zahia expected to contribute AED 5.5 billion to the local economy
• +5 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Ministry of Health and Prevention (UAE)minorStrategic or Co-development Partner · 1 January 2020The Ministry of Health and Prevention collaborated with Al Zahia to deploy the UAE's first autonomous vehicles in a residential community setting, distributing free sanitising products (face masks, gloves, hand sanitiser) to help preserve the health and safety of residents during the COVID-19 pandemic.
• Sharjah Charity InternationalminorGTM or Marketing Partner · 1 January 2020Sharjah Charity International partnered with Al Zahia for community outreach initiatives including donating 450 electronic learning tablets to underprivileged families and distributing two tons of essential food items during Ramadan. The partnership enables distribution of donations to families in need across Sharjah.
• Majid Al Futtaim PropertiescoreStrategic or Co-development Partner · 1 January 2008Majid Al Futtaim Properties is the private sector partner in the strategic joint venture with Sharjah Asset Management (Government of Sharjah), forming Sharjah Holding established in 2008. Majid Al Futtaim develops and manages projects including Al Zahia residential community, Matajer shopping centres, and City Centre Al Zahia. The partnership combines government backing with private-sector development and retail management expertise.
• Sharjah Asset ManagementcoreStrategic or Co-development Partner · 1 January 2008Sharjah Asset Management is the investment arm of the Government of Sharjah and the public sector partner in the joint venture with Majid Al Futtaim Properties, forming Sharjah Holding established in 2008. It represents the Government of Sharjah's strategic interest in developing integrated communities and retail infrastructure across the emirate.
• Carrefour (Majid Al Futtaim Retail)coreChannel Partner/ Reseller/ DistributorCarrefour operates as the anchor tenant across all Matajer neighbourhood shopping centres and at Al Zahia's North Hub and City Centre Al Zahia. As the exclusive franchisee for Carrefour in the region, Majid Al Futtaim Retail provides grocery and household essentials retail across Sharjah Holding's retail portfolio, driving foot traffic to all community retail destinations.
• Bureau VeritasminorImplementation/ SI/ Consulting PartnerBureau Veritas, a world leader in testing, inspection, and certification services (TIC), was engaged as an independent third-party consultant to supervise the full scope of construction and quality assurance for Al Yasmeen neighbourhood at Al Zahia. BV supervised testing and commissioning of all MEP systems, snagging and de-snagging, HO document verification, and produced Quality Control Certification for every home.
• University of SharjahminorStrategic or Co-development PartnerSharjah Holding and the University of Sharjah signed a Memorandum of Understanding to enhance cooperation in conducting research, scientific studies, and consultations related to the JAHZIN program. The partnership aims to develop practical skills and knowledge of students, encourage continuous communication with scientific developments, and prepare them for future professions.
• Sharjah Economic Development Department (SEDD)minorStrategic or Co-development PartnerSEDD received a delegation from Sharjah Holding to discuss cooperation and strengthen the strategic partnership to contribute to the continued development of performance and provision of services to customers and the private and public sectors. The partnership aims to achieve effective integration and coordination to provide the best services to investors and businesses in Sharjah.
• SaharagccminorImplementation/ SI/ Consulting PartnerSaharagcc operates the JAHZIN initiative program on behalf of Sharjah Holding. The program prepares Emirati high school and university students as well as new graduates for higher graduate studies, research, academia, and professional work challenges.

Scale indicators12 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• DAMAC Properties: Dubai-listed developer of branded residential projects and master communities (DAMAC Hills, DAMAC Lagoons). Comparable as a UAE-based residential developer, though focused more on premium/branded product than integrated community retail.
• Nakheel: Dubai-based master developer of large-scale communities (Palm Jumeirah, Jumeirah Village, Jumeirah Islands) with integrated retail. Comparable as a large-scale community developer in the UAE but focused on Dubai rather than Sharjah.
• Meraas: Dubai-based developer of mixed-use destinations including City Walk, La Mer, Bluewaters, and Jumeirah Beach Residence. Comparable in operating integrated residential + retail + leisure destinations at scale, though concentrated in Dubai.
• Dubai Properties: Dubai-based developer of mixed-use communities including JBR, Business Bay, and Dubai Wharf. Comparable as a mixed-use developer with integrated retail and community components, though Dubai-focused rather than Sharjah.
• Aldar Properties: Abu Dhabi-based master developer and asset manager with comparable mixed-use communities (Yas, Reem, Saadiyat) and a sizeable investment property portfolio. Comparable in business model (developer + asset manager + community operator) but operates primarily in Abu Dhabi, not Sharjah.
• Emaar Properties: UAE's largest listed developer with master-planned communities (Downtown Dubai, Dubai Hills, Emaar Beachfront) and integrated retail. Directly comparable as a public-private real estate developer with integrated residential and mall portfolios; operates at a much larger, national scale.

Emerging players

• Reportage Properties: Abu Dhabi-headquartered developer active across the UAE with affordable-to-mid-market residential projects. Comparable in product type and buyer base but at a smaller, more price-sensitive scale than Sharjah Holding's premium positioning.

Direct peers

• Arada: Sharjah-headquartered developer of master-planned communities including Aljada and Masaar. Most directly comparable peer given shared Sharjah geography, overlapping target customer base (UAE/GCC residents seeking gated communities), and similar mid-premium residential product positioning.
• Alef Group: Sharjah-based private developer operating Hayyan, Al Mamsha, and other residential communities. Direct competitor in the Sharjah master-planned gated-community market with overlapping buyer segments and similar product mix.

Others

• Majid Al Futtaim Properties: JV partner of Sharjah Holding operating across the UAE and MENA with Mall of the Emirates, City Centre malls, and Tilal Al Ghaf. Directly comparable operating model (mixed-use developer + mall operator) and shares capital allocation across the JV.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/sharjahholding1
• Facebookfacebook.com/sharjah.holding
• LinkedInlinkedin.com/company/sharjah-holding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sharjah Holding