Alef Group Announces 34% Increase in Sales in “Al Mamsha” During the First Half of This Year
The Sharjah-based developer Alef Group, a pioneer in developing premier lifestyle communities, destinations and experiences through investment and strategic joint ventures, has announced a 34% increase in its sales for its multi-use "Al Mamsha" project during the first six months of 2020.
The very encouraging results come in light of the difficult circumstances that the world has faced surrounding the spread of the COVID-19 pandemic, and demonstrate the strength and durability of the real estate sector in the emirate of Sharjah, despite all the challenges faced.
The first phase of the "Al Mamsha" project which will be delivered at the end of this year, as per our scheduled plan, made up of 7 buildings, 693 housing units, and 88 commercial stores, all of which cover a total area of 629 thousand square feet. The project offers a variety of units, from studios to room and hall apartments, two and three bedroom units to duplex apartments.
Al Mamsha project has been designed and built according to the highest engineering and technical standards using the finest quality of materials, under careful implementation and supervision and following all precautions set by the Ministry of Health and Community Protection.
Issa Ataya, Chief Executive Officer, Alef Group, emphasized that the multi-use Al Mamsha project has won the confidence of investors and buyers in the emirate, through achieving impressive sales results despite the current conditions. The results emphasize the strength of the real estate sector in the emirate.
Ataya continued, “In addition to completing Al Mamsha project with an emphasis on speed and high quality, we have also provided a package of services, offers and attractive discounts, and we have offered residential units for sale at competitive prices.”Ataya praised the Sharjah government for supporting the continuation of companies and investors in their efforts to develop their businesses and projects.
“Al Mamsha” is designed to provide a living environment with a high level of luxury and a community atmosphere, offering swimming pools, walking and jogging paths, childrens’ play areas, cycling tracks, and two large park spaces. In addition to the recreational spaces, the project provides cafes and restaurants and is a center of entertainment. All residential units come with built in electrical appliances such as ovens and fridges, which will provide for integrated living staff of the project.
Alef Group is a privately held lifestyle experience provider founded by Sheikh Khalid Sultan Al Qasimi in 2013. Headquartered in Sharjah UAE, Alef Group is a pioneer in developing premier lifestyle communities, destinations and experiences through investment and strategic joint ventures. With AED 4 billion worth of assets and a land bank of AED 1 billion, Alef Group’s premium developments lead the way in business and leisure projects complemented by the creation of high-quality residential communities. Capitalizing on the consistent growth of the emirate and its unique geographical position as the connecting link between Dubai and the Northern Emirates, Alef Group recognizes the exceptional potential of this evolving modern metropolis.