Alef Group Launches Al Mamsha Hamsa at ACRES 2025
Real Estate | Jan 22, 2025 | Zawya
Alef Group, a prominent real estate developer in Sharjah, UAE, has launched a new residential project named Al Mamsha Hamsa during ACRES 2025. This project follows the success of the group's previous clusters, Nama and Darb, and is designed to meet the increasing demand in the region. Al Mamsha Hamsa will comprise three buildings with a total of 420 residential units over a built-up area of 50,000 square meters. The apartments will range from one to three bedrooms and feature modern interiors along with ample retail options. Situated strategically near key locations such as Sharjah International Airport and University City, the development promises excellent connectivity and a serene lifestyle. Alef Group's CEO, Issa Ataya, expressed enthusiasm about the launch, emphasizing the company's ongoing commitment to enhancing the real estate landscape in Sharjah with their innovative and community-focused developments. Alef Group, founded by Sheikh Khalid Bin Sultan Al Qasimi, maintains a strong asset base and continues to lead in creating premier lifestyle experiences.
Sectors
- Real Estate Development
- Luxury Living
Geography
- United Arab Emirates – The new development by Alef Group, Al Mamsha Hamsa, is situated in Sharjah, which is one of the emirates in the UAE.
- Sharjah – Sharjah is the specific location for Alef Group's new project, known for its cultural heritage and rapidly growing economy.
Industry
- Real Estate Development – The article discusses a new residential real estate development project by Alef Group in Sharjah, reflecting the growth and demand in the real estate sector.
- Luxury Living – Al Mamsha Hamsa is designed as a premium residential community, emphasizing luxury living with modern amenities and serene environments.
Financials
- 420 units – The number of residential units included in the new Al Mamsha Hamsa development project.
- 50,000 square meters – The built-up area of the Al Mamsha Hamsa project.
- AED 12 billion – The asset base of Alef Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Alef Group | Developer | Company | Alef Group is a leading real estate developer in Sharjah, known for creating luxury lifestyle communities. |
| Issa Ataya | CEO | People | Issa Ataya is the CEO of Alef Group, overseeing the launch of the new Al Mamsha Hamsa development. |
| Sheikh Khalid Bin Sultan Al Qasimi | Founder | People | Sheikh Khalid was the founder of Alef Group and played a pivotal role in shaping its vision and strategy. |