Sanzen Real Estate Development has announced the complete sell-out of Phase One of its AED 2.36 billion ($642 million) integrated residential project Sukoon 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.

The first phase comprises 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.

The announcement was made during the inauguration ceremony of the on-site sales centre, attended by leading real estate brokers, investors, and prospective buyers.

The sales centre is intended to support upcoming development phases and strengthen direct and ongoing engagement with brokers and clients.

On the key achievement, Chairman Abdulaziz Al Sanad 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."

CEO Amro Saleh, emphasising the importance of the on-site sales centre, said: "The sales centre 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."

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.-TradeArabia News Service