$820m Sharjah project sees strong demand for homes

Alef Group says 750 units in the first and second phases of its flagship project Al Mamsha have sold
By Staff writer
Mon 29 Jan 2018 01:43 PM

Alef Group has announced that 750 residential units in the first and second phases of its flagship project Al Mamsha in Sharjah have been sold out.

The AED3 billion ($820 million) Al Mamsha project was launched in September 2017 as the emirate's first fully walkable community.

It has seen strong demand across the range of units offered, including studios, one-, two- and three-bedroom units, as well as duplexes, said Sheikh Khalid bin Sultan Al Qasimi, chairman of Alef Group.

Al Mamsha is spread over a total area of about 3 million square feet, and the project will have a built-up area of 9.3 million square feet in addition to ground retail areas totalling to around 500,000 square feet.

Al Mamsha’s Zone 1 will comprise a total of 33 mixed-use buildings that combine retail and residential spaces connected with sidewalks and walkways.

Cars will only be parked on the basement levels, with visitors and residents using vertical transportation means such as elevators and escalators to get access to retail or residential floors.

In addition, residents at Al Mamsha will enjoy free access to dedicated cluster swimming pools, health club and gym, walkways, nursery, family entertainment centre, a dedicated kids’ zone, and retail spine.

Al Mamsha will offer studios, 1 bed, 2 beds and 3 beds apartments in addition to a selection of duplexes and penthouses and will feature a range of cafes and restaurants, and entertainment zones to host art galleries, Friday market, and outdoor events.

Sheikh Khalid said 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.

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Last Updated: Mon 29 Jan 2018 01:15 PM GST

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