Community living in Sharjah: Inside Alef's next-gen developments
Image credit: Alef/Supplied
While Dubai and Abu Dhabi grab the headlines, Sharjah is quietly crafting a powerful growth story of its own.
In the first half of 2024, real estate transactions in the emirate jumped over 35 per cent year-on-year—a clear sign of rising investor confidence and renewed market momentum.
Read-
Analysts point to Sharjah's improved regulatory frameworks as a key catalyst. These updates have helped boost investor trust, while the emirate's high quality of life at more accessible price points has drawn in families and mid-tier buyers. It's a mix that is turning heads.
'Sharjah's real estate appeal stems from its strategic location, offering proximity to Dubai while maintaining a unique cultural identity. The emirate's investor-friendly policies, including freehold ownership for expatriates and competitive pricing, make it an attractive destination for both residents and investors. Furthermore, Sharjah's emphasis on cultural preservation, education, and family-centric developments enhances its desirability,' Issa Ataya, CEO of Alef, told Gulf Business.
Image credit: Alef/Supplied
Strategic, cultural, and cost advantage
Sharjah's location — on Dubai's doorstep — offers investors easy access to one of the world's leading commercial centres, yet with real estate costs typically 30–50 per cent lower. It's a value proposition that's hard to ignore, especially when quality, infrastructure, and lifestyle are not compromised.
Culturally rich and education-focused, Sharjah continues to build liveable, well-planned communities. These attributes have cemented its appeal with families looking not just for a property, but for a long-term home.
April 2025 snapshot: Dhs4bn in deals
Momentum continues to build. In April 2025 alone, Sharjah saw 7,206 real estate transactions worth Dhs4bn, covering nearly 10.3 million square feet, according to the Sharjah Real Estate Registration Department.
The emirate's real estate expansion is being driven by integrated reforms — supportive policies, flexible legislation, and master-planned developments that are attracting both domestic and foreign capital.
Notable deals include a Dhs115m transaction in Al Majaz 3. The spread of activity across 117 areas also signals a broadening market base and a sector increasingly aligned with investor needs.
Sharjah is no longer a quiet alternative. With a rising profile, strong fundamentals, and a pro-growth stance, it's fast becoming a first-choice destination for savvy investors.
Alef: Redefining lifestyle development in Sharjah
Founded in 2013 by the late Sheikh Khalid Bin Sultan Al Qasimi, Alef is a privately held lifestyle developer with a sharp focus on shaping premium communities and experiences in Sharjah. With assets and land valued at Dhs12bn, the company is spearheading high-quality residential and mixed-use developments that merge business, leisure, and modern living.
Image credit: Alef/Supplied
A vision beyond buildings
Alef's philosophy is anchored in the ideals of its founder. Sheikh Khalid didn't simply want to build; he aimed to transform how people experience real estate in Sharjah. His vision: communities designed with purpose, where lifestyle, sustainability, and innovation intersect to elevate everyday living.
That vision came to life in 2017 with the launch of Al Mamsha. More than a project, it marked a shift to human-centric living — prioritising people, connectivity, and community.
Today, the company remains committed to smart, sustainable urban planning. Every project is designed to be environmentally conscious and responsive to the evolving needs of UAE residents. From masterplans to amenities, Alef focuses on delivering balanced, future-ready lifestyles.
Its mission is clear: to honour Sheikh Khalid's legacy by setting a new standard for living in Sharjah — driven by innovation, inclusivity, and progress.
A growing portfolio
Alef's expansion is deeply linked to Sharjah's evolving real estate landscape. By launching diverse communities — from the urban apartments of Al Mamsha and the new Olfah project to spacious villas in Hayyan — the developer caters to both lifestyle seekers and investors.
'Looking ahead, our expansion plans are set to extend beyond Sharjah's central region. We are exploring opportunities along the emirate's beachfront west and eastern corridors, aiming to introduce developments that blend modern living with natural beauty. Our commitment is to create integrated communities that not only offer quality living spaces but also enhance Sharjah's position as a premier real estate destination,' Attaya told Gulf Business.
Sharjah's broader strategy around infrastructure, urban planning, and affordable living has helped attract residents seeking long-term security and lifestyle balance — an environment in which Alef continues to thrive.
Sustainability and innovation in Alef projects
Sustainability is central to Alef's development strategy. The company is committed to building communities that support environmental responsibility, improve resident well-being, and deliver long-term value.
At Olfah, sustainability is embedded in the design. The project incorporates eco-conscious infrastructure such as fully insulated buildings, double-glazed windows, and energy recovery ventilation systems to enhance energy efficiency and indoor air quality. Additional features include LED lighting, a greywater system for irrigating landscaped areas, and sustainable, interactive water elements. Residents also benefit from a Building Management System (BMS) that optimises energy use and operational efficiency.
Olfah reflects Alef's vision of fusing luxury with nature. Spanning more than 84,000 square metres, it comprises twelve mid-rise buildings ranging from 9 to 11 storeys. Its centrepiece is Sharjah's largest private community park — an elevated podium space covering over 26,000 square metres. The park offers uninterrupted views and a tranquil setting, with recreational zones, children's play areas, an amphitheatre, BBQ spots, resort-style swimming pools, and wellness spaces. Ideally positioned, Olfah is just ten minutes from Sharjah International Airport and five minutes from major educational institutions, making it a strategic choice for families and professionals alike.
Sustainability also defines Al Mamsha, another flagship development by Alef. As Sharjah's first fully walkable community, it eliminates the need for internal vehicular traffic, helping to reduce emissions while encouraging active, healthier lifestyles. The development integrates smart infrastructure, greywater recycling for landscaping, ventilated walkways that minimise heat build-up, and double-glazed façades that regulate indoor temperatures and cut energy consumption.
Alef's approach goes beyond compliance — it's about embedding sustainability into the fabric of modern living. Through thoughtful planning and design, it is redefining what responsible urban development looks like in Sharjah.
Beyond conventional sustainability
'In Hayyan, Alef goes beyond conventional sustainability efforts by encouraging self-sufficient, eco-friendly living. The community offers private allotments within villa plots for residents to practice organic farming, promoting sustainable agriculture at the community level. Smart home technologies are also integrated into the villas, allowing residents to manage energy consumption efficiently and enjoy enhanced comfort and security. The community's expansive swimmable lagoon and green spaces further reinforce Alef's vision of connecting people with nature in a sustainable, balanced lifestyle,' Ataya stated.
Hayyan is a major development being rolled out in phases. Three zones are currently under construction, with handovers expected to begin by late 2026. On-site progress has already advanced significantly.
Designed as a townhouse and villa project, Hayyan embodies Alef's broader philosophy: lifestyle, retail, entertainment, and leisure must coexist within a single, integrated community.
A key highlight is the 'farm-to-table' concept. Each resident receives a private allotment to grow their own organic produce — bringing sustainable agriculture into daily life. Together with its rich lifestyle amenities, Hayyan reflects a complete, community-first approach.
Application of best practices
Sustainability is embedded in every phase of Alef's project cycle — from material sourcing to long-term community operations. Smart home systems are central to this strategy, helping homeowners reduce energy consumption and optimise efficiency.
The company also invests in advanced solutions for irrigation, water recycling, and emissions reduction. At Al Mamsha, Alef's sustainability credentials are on full display. It's Sharjah's first fully walkable community — no internal vehicular traffic is allowed. Thirty-three buildings span the development, all interconnected by pedestrian pathways. The car-free design cuts emissions and enhances the liveability of the space.
Even building orientation plays a role. Alef carefully plans the position of structures to harness natural wind flow, reduce heat, and improve ventilation. The result: more comfortable outdoor spaces and an environment designed around human experience and environmental harmony.
Smart communities and urban vision
'Our commitment extends to integrating smart technologies that optimise energy efficiency, security, and convenience across our developments. By adhering to green building standards and minimising carbon footprints, we ensure our projects align with international sustainability benchmarks. These initiatives not only address current environmental challenges but also position Alef as a forward-thinking developer committed to long-term ecological responsibility,' Ataya added.
In Hayyan, Alef continues to push boundaries in mixed-use planning. The community will feature a clubhouse, mosque, and retail outlets— bringing essential services and social spaces together. These elements are designed to support daily living and create a sense of belonging, transforming Hayyan into a self-sustained, inclusive neighbourhood.
Meanwhile, Al Mamsha Hamsa brings a more urban, contemporary flavour. This development comprises three buildings and 420 residential units. With landscaped zones, swimming pools, and calming water features, Hamsa offers a tranquil setting with direct access to retail and lifestyle amenities. 'Its proximity to key landmarks ensures convenience, catering to the needs of families, professionals, and discerning investors,' Ataya emphasised.
Alef's market position and future plans
Alef is closely aligned with this vision. Its portfolio — spanning sleek apartments to spacious villas — caters to a wide spectrum of buyers. In 2024, the company reported Dhs2.4bn in sales, up 33 per cent year-on-year, securing over 25 per cent of Sharjah's real estate market share.
At the ACRES 2025 exhibition, Alef signed 1,006 sales and purchase agreements worth Dhs1.37bn. The event also marked the official launch of Al Mamsha Hamsa, which received strong investor interest. The company also spotlighted Olfah and Hayyan — both praised for their design-led approach and lifestyle focus.
'This achievement at ACRES 2025 reflects the confidence that investors and residents place in Alef's vision of redefining modern living. The launch of Al Mamsha Hamsa, alongside the sustained interest in Olfah and Hayyan, underscores our commitment to delivering sustainable and innovative developments that align with the aspirations of Sharjah's residents and elevate the emirate's real estate landscape,' Ataya commented.
Looking ahead: Sharjah and beyond
Alef is now preparing for expansion both within Sharjah and across the UAE. Plans include branded residences in partnership with global developers, aimed at raising the bar for luxury living.
The company is exploring beachfront developments along Sharjah's western and eastern coasts. One of the upcoming projects will be on Maryam Island, expanding Alef's footprint along the waterfront.
Two new projects are currently in the conceptual phase and are set to be unveiled later this year. While full details are under wraps, the direction is clear: Alef will continue building smart, resilient, and community-driven spaces.
Its ambitions mirror a broader shift in the UAE's property landscape — where innovation, liveability, and long-term sustainability have become essential pillars, not just aspirational goals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
an hour ago
- Khaleej Times
Emirates, Etihad, other UAE airlines extend flight suspension after US strikes Iran
[Editor's Note: Follow our live blog for real-time updates on the latest developments in the Israel-Iran conflict.] UAE airlines on Sunday announced an extension of flight suspensions to several regional destinations due to widespread airspace closures, following the United States' decision to join Israel in strikes on Iranian nuclear sites. Aviation experts warn that US involvement could escalate regional tensions, potentially leading to further disruption of air travel to destinations such as Syria, Iraq, Iran, Israel, Jordan, and others. In response, the UAE and other Gulf nations have voiced concern, urging restraint and de-escalation. Abu Dhabi-based Etihad Airways has suspended its flights to Tel Aviv until July 15 due to the ongoing military conflict. 'Guests transiting through Abu Dhabi on their way to cancelled destinations will not be accepted for travel from their point of origin. Affected passengers are being offered alternative travel arrangements,' said Etihad, the UAE's national airline. 'This remains a highly dynamic situation. Additional changes or disruptions — including sudden airspace closures — may occur at short notice. Etihad is closely monitoring developments in coordination with relevant authorities and is taking all necessary precautions,' the airline added. Separately, Etihad flight EY652 from Kuwait International Airport (KWI) to Abu Dhabi Zayed International Airport (AUH) was cancelled on Sunday due to a technical issue. Flydubai also announced the temporary suspension of flights to and from Iran, Iraq, Syria, Israel, and St. Petersburg until June 30, 2025. 'Passengers connecting through Dubai to any of the affected destinations will not be accepted for travel from their point of origin until further notice,' the airline said. It advised affected passengers to check rebooking options on its website and monitor their flight status regularly. 'Please note that some flights may also face delays or rerouting,' it added. Emirates, Dubai's flagship carrier, has temporarily suspended all flights to Iran (Tehran) and Iraq (Baghdad and Basra) until June 30, 2025. Sharjah-based budget carrier Air Arabia has also halted flights to and from Iran, Iraq, Russia, Armenia, Georgia, and Azerbaijan through the end of the month. Additionally, flights to Jordan are suspended until June 25, 2025, due to the ongoing regional tensions and airspace restrictions. 'Several other flights are being delayed or rerouted as a result. Passengers transiting through Sharjah or Abu Dhabi to any of the affected destinations will not be accepted for travel at their point of origin until further notice,' the airline said.
Khaleej Times
2 hours ago
- Khaleej Times
From GIFT to Singapore: How global hubs are shaping the new playbook
- Associate Partner, MICS Everyone has heard of the UAE's headline single digit nine per cent corporate tax rate. But what most people don't realise is that some of the world's biggest companies despite being based in high-tax jurisdictions, have consistently paid effective tax rates in the single digits, typically ranging from six to nine per cent. How is that even possible? One simple answer: Smart, strategic tax optimisation. So how did these companies structure themselves to achieve such outcomes? Is it still feasible in today's complex and constantly evolving global tax environment? And if so, how complicated is the playbook? Let's unfold the global tax game – and how building the right structure can be your winning move. Where it all begins: Structuring with purpose When companies set up operations, their primary considerations often revolve around ease of doing business, customer proximity, and market access. Surprisingly, tax is rarely the top factor at least initially. But not all functions in a company are tied to these operational dependencies. Some, like headquarters, treasury centres, intellectual property (IP) ownership, holding companies, and SPVs, can be located with greater flexibility. And when done right, these choices can be game-changers for both operational efficiency and tax savings. The big Fours: Holding companies, HQ, treasury, and IP Here's where strategy enters the game: • Holding company: Often used to centralise ownership of subsidiaries and assets, and to efficiently manage dividends, capital gains, and group-level financing. • Headquarters: Can be placed in jurisdictions that offer not only strategic access but also favourable tax regimes. • Treasury functions: Since these involve managing global cash flows and financing, tax and regulatory predictability matter more than physical proximity. • Intellectual Property (IP): IP holding companies are frequently located in countries that offer tax incentives on royalties and capital gains. Locating these functions in jurisdictions with stability, feasibility, predictability, and favorable tax treatment can significantly enhance the bottom line. Equally important are withholding tax (WHT) implications and the availability of double taxation avoidance agreements (DTAAs), which directly impact the tax efficiency of cross-border payments such as dividends, interest, and royalties. Jurisdictions with strong treaty networks often provide reduced or zero WHT rates, making them particularly attractive for housing holding companies, treasury hubs, and IP ownership. There are famous examples – Apple and Google, among others – who have reaped enormous tax benefits simply by strategically housing their IP in favourable jurisdictions. Top jurisdictions for strategic tax functions Each jurisdiction has carved its niche: • Singapore: A globally trusted IP hub offering attractive tax incentives for IP development and commercialisation. • GIFT City (India): Rapidly emerging as a preferred jurisdiction for treasury operations and regional headquarters due to its regulatory clarity and tax exemptions. • Ireland and Luxembourg: Historically favoured for IP and financing structures, though tightening global tax norms have nudged companies to reassess. • UAE: Supported by an extensive network of DTAAs and evolving tax infrastructure, it is gaining ground as a versatile base for several strategic functions. UAE: A strategic player in the evolving tax landscape With the introduction of its corporate tax regime in 2023, the UAE repositioned itself as a credible and competitive jurisdiction in the global tax planning ecosystem. Operating from a qualifying free zone can allow key functions – including HQ, treasury, holding companies, SPVs, and IP – to potentially benefit from a zero per cent corporate tax, subject to meeting substance and activity-based requirements. In addition, access to a growing network of DTAAs allows for potentially favorable withholding tax treatment, enhancing the efficiency of global structures. Rather than aiming to be a low-tax outlier, the UAE is adapting to global standards while still offering targeted advantages that businesses can leverage based on their specific needs. A final reflection In the modern tax environment, where compliance and optimisation must go hand in hand, no single jurisdiction offers a one-size-fits-all solution. Singapore continues to lead as a preferred jurisdiction at least of Asia, for IP and regional HQs due to its R&D incentives and robust legal framework. GIFT City is rapidly gaining ground with focused benefits for treasury operations and financial entities. Ireland and Luxembourg, while reassessing their frameworks post-BEPS, still retain relevance for certain financing and licensing models. The UAE, with its blend of flexibility, treaty access, and evolving infrastructure, is now a serious consideration for global tax planning. Ultimately, the winning move lies in aligning your operational footprint with a tax strategy tailored to your business's functions, risk profile, and growth vision.
Khaleej Times
2 hours ago
- Khaleej Times
UAE infrastructure stocks likely to boom as country embarks on ambitious projects
While the summer season is usually a quieter period for financial markets due to widespread investor holidays, global sentiment remains overshadowed by persistent geopolitical tensions this summer. Escalating concerns over US tariff measures and the intensifying Israel–Iran conflict, with US entering the war on Sunday, have cast a pall over risk appetite, driving cautious investor positioning and heightened market volatility. Yet, against this backdrop of global unease, the UAE is pressing ahead with an ambitious slate of infrastructure projects, using the relative calm of the summer months to accelerate key developments. With lighter traffic during the holiday stretch, authorities are fast-tracking enhancements to the country's transport network, signaling an open window for investors seeking early exposure to the next wave of growth. Major infrastructure initiatives are underway to strengthen both east–west and north–south connectivity across the emirates through new roads and metro extensions. In Dubai, upgrades to Hessa Street and the expansion of the Metro network with the Blue Line are pivotal undertakings aimed at easing congestion and linking emerging residential and commercial hubs. Meanwhile, the landmark Etihad Rail project is progressing steadily, ultimately set to integrate all seven emirates with a modern rail link, opening new avenues for investment in real estate and infrastructure equity. Adding to the skyline's evolution, Dubai Creek Harbour is constructing what is projected to become the tallest tower in the world, surpassing the iconic Burj Khalifa. In tandem, Dubai South continues to evolve as the city's future primary aviation center with the forthcoming Al Maktoum International Airport, cementing the UAE's role as a regional transport and logistics powerhouse. 'These transformative projects are expected to cut travel times by more than 75 per cent' says Razan Hilal, Market Analyst, CMT at adding 'they will boost connectivity across burgeoning districts, laying the groundwork for robust property market performance, economic diversification, and sustainable urban planning for decades to come.' 'While short-term volatility persists due to external shocks, the UAE's commitment to long-term national development plans - Vision 2025, 2030, and 2040 - suggests that current market dips may present strategic entry points for long-term investors', observes Hilal. She adds: 'Amid this climate, portfolio diversification remains prudent. Commodities like oil continue to serve as a hedge against supply disruptions in the region, while gold and silver retain their appeal as safe-haven assets, particularly relevant as industrial demand for silver expands in the technology sector. Several publicly listed companies like Dewa, Union Properties, Tabreed and Salik stand to benefit directly from this wave of development, each playing a strategic role in energy, cooling, real estate, and road toll management respectively. However, despite this local momentum, the MSCI UAE Index has shed over 7 per cent this month, reflecting broader concerns over dollar weakness and geopolitical turmoil. Leading developers such as Emaar Properties have seen share price corrections of around 5 per cent, underscoring the cautious tone prevailing among regional investors. Overall, while global headwinds pose challenges, the UAE's clear focus on future-ready infrastructure and urban resilience reinforces its appeal as a steady beacon of opportunity for investors looking beyond short-term volatility.
