SHARJAH: Alef Group, a real estate pioneer in developing premier lifestyle communities in the Emirate of Sharjah, has announced that 750 residential units in the first and second phases of its flagship project Al Mamsha have been sold out. The Dhs3 billion Al Mamsha project, which was launched in September 2017, is a mixed-use community offering a lifestyle that integrates modern living, retail and leisure into a vibrant urban and upscale environment.

The impressive sales translate the significant interest showed by different segments of UAE society who are looking for adequate housing units that meet their future aspirations, as well as those seeking real investment opportunities with a promising future. The sales recorded to-date reflect a diverse scope of interest in the different types of units provided by the project, including studios, one-, two- and three-bedroom units, as well as duplexes.

Commenting on the outstanding results achieved by the project, Sheikh Khalid bin Sultan Al Qasimi, Chairman of Alef Group, has affirmed that Al Mamsha is an integrated residential project that abets investments in the emirate and adds exceptional value to the real estate development landscape in Sharjah, significantly contributing to boosting the realty, retail and tourism sectors.

Sheikh Khalid said, “The project fits within the Emirate’s directives and objectives in this regard and goes in unison with the wise vision of the Emirate’s leadership to promote tourism and property sectors. Thanks to varied units built in multiple spaces and designs, along with diverse retail, entertainment and sports facilities, Al Mamsha gives additional momentum to the hospitality and retail sectors in the emirate.”

Sheikh Khalid pointed out that the big sales secured to-date corroborate the success of the idea of establishing a mixed-use community offering a lifestyle that integrates modern living, retail and leisure into a vibrant urban environment in a way that adds value to the Emirate of Sharjah.