Sharjah’s Alef Group begins construction on Dhs213m Al Mamsha Phase 3

The Sharjah-based Alef Group has announced the start of construction work on Phase 3 of its Al Mamsha project in the emirate, at a total value of more than Dhs213m.

The development includes 612 residential units spread over six buildings that offer a mix of studios, one-bedroom, two bedrooms, and three-bedroom apartments.

Al Mamsha Phase 3, which extends over 818,634 square feet, will provide residential units overlooking swimming pools, open spaces, and kids areas.

It will also host a combination of retails spaces that span 1,852 square meters.

Alef Group said in a statement that the start of construction work for Al Mamsha Phase III follows the increase in sales achieved in the previous two phases.

In February, Sharjah registered 1,818 real estate transactions, with a value of Dhs3.5bn.
The number of sales transactions in the emirate amounted to 457, which accounted for 25.1 per cent of the total number.

Read: Sharjah registered real estate transactions worth Dhs3.5bn in February 2021

The number of women investing recently in the emirate has been noteworthy, as the value of investments made by women in the real estate sector reportedly reached Dhs1bn in 2020.