Latest news with #IssaAtaya
Gulf Business
6 days ago
- Business
- Gulf Business
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.
Zawya
29-04-2025
- Business
- Zawya
Alef launches Hamsa 2 in Al Mamsha Sharjah
Sharjah, UAE – Alef, the leading real estate developer in Sharjah, has officially launched Hamsa 2, the second residential building within the Hamsa neighbourhood at Al Mamsha. The launch follows the strong market demand for the first building in the Hamsa cluster and continues the momentum of Alef's successful delivery of modern, fully walkable communities in the heart of New Sharjah. Hamsa 2 offers a curated selection of 150 residential units spread across 8 floors. The building features a variety of apartment types, including 1-bedroom, 2-bedroom, and 3-bedroom units, each designed to meet the lifestyle needs of young professionals, growing families, and long-term investors alike. Issa Ataya, CEO of Alef, commented: "The launch of Hamsa 2 reflects our commitment to delivering contemporary, high-quality homes that meet the evolving expectations of Sharjah's residents and investors. As part of our continued efforts to shape the future of urban living in the emirate, we are proud to introduce this new addition to one of our most vibrant neighbourhoods.' Hamsa 2 is designed to promote wellbeing, comfort, and functionality, offering smart layouts with spacious interiors, floor-to-ceiling windows, and expansive balconies. The building is equipped with advanced amenities including landscaped podium gardens, children's play areas, shaded seating zones, swimming pools, and direct access to Al Mamsha's signature retail and dining destinations. With the launch of Hamsa 2, the neighbourhood now comprises two out of its planned three residential buildings. Upon completion, Hamsa will feature a total of 431 apartments, including 352 one-bedroom units, 52 two-bedroom units, and 27 three-bedroom units. The cluster is distinguished by its elevated podium structure with commercial units, water features, shaded walkways, and seamless access to Al Mamsha's wider pedestrian-friendly network. With its proximity to Sharjah International Airport, the University City of Sharjah, and major highways, Al Mamsha Hamsa ensures seamless connectivity and ease of living. About Alef Alef, founded by the late visionary Sheikh Khalid Bin Sultan Al Qasimi in 2013, stands today as a testament to his pioneering spirit in the realm of lifestyle experience provision. Operating from its central hub in Sharjah, UAE, this privately-owned entity has carved a niche for itself as a trailblazer in the creation of premier lifestyle communities, destinations, and experiences. The company's strategy hinges on insightful investment choices and the cultivation of strategic joint ventures, paving the way for innovation and excellence in the sector. With a commanding presence reflected in a robust AED 12 billion asset base and extensive land bank, Alef's premium developments are at the forefront, driving progress in both business and leisure initiatives. These developments are complemented by the company's dedication to building high calibre residential communities that set industry benchmarks.
Arabian Business
10-04-2025
- Business
- Arabian Business
Brand View
Brand View With its latest luxury launch in Ras Al Khaimah, Range Developments positions itself at the centre of a booming investment story alef group Alef Group's CEO Issa Ataya on smart cities, cultural capital, and how Sharjah is quietly redefining urban life in the UAE Brand View The deal marks Iraq's first tech acquisition and a major step forward for the country's digital economy Brand View Inside the vision of Dubai's most disruptive developer Brand View The Spring/Summer 2025 collection includes formal wear and casual pieces for all generations Brand View How the luxury hospitality company is transforming the business events landscape in Saudi Arabia's Eastern Region Brand View Global banking CFOs must balance cost-cutting and growth as inflationary pressures persist, AI adoption accelerates, and regulatory demands evolve Brand View InnoEX and the HKTDC Hong Kong Electronics Fair 2025 return this April, showcasing cutting-edge tech, AI, robotics, and highlighting low altitude economy Brand View The AED30 million commitment to education represents a seamless fusion of elegance and purpose Brand View Wings Craft Shop transforms retired aircraft parts into functional art, blending sustainability with aviation heritage to create unique and collectible designs Brand View Carmona is part of the eighth phase of Bloom Living and offers premium townhouses ranging from two- to three-bedrooms Brand View Milena Elmasoğlu explains how Versuni is transforming home living with innovative, sustainable solutions that simplify life and align with modern consumer values Brand View Changing the perception of crypto as a 'guys club' is key to boosting inclusion, Binance Chief Marketing Officer Rachel Conlan said Brand View In the spirit of Ramadan, a time of reflection and giving, Prague Clinics is offering free consultations, medical exams, and rapid blood tests throughout the month Brand View Through Genpharm, Smaira and Ghammachi have demonstrated that a successful company can be built on a purpose that drives strategy and actions, leading to sustainable commercial success Brand View Well-known for his T20 career, Pollard shares his excitement to be associated with Pearlshire, highlighting a partnership founded on excellence, integrity, and innovation Brand View As the Middle East's population continues to grow and industrial activity expands, the coming decade promises strong demand
Arabian Business
09-04-2025
- Business
- Arabian Business
Sharjah real estate 2025: Why investors are eyeing the UAE's emerging property market
As the UAE's real estate engine powers ahead, most eyes instinctively turn to the glittering towers of Dubai or the ultra-luxury coastal enclaves of Abu Dhabi. But shift your gaze just slightly to the north, and you'll find something just as compelling – something quieter, more deliberate, and arguably more strategic. Welcome to Sharjah. To understand what's driving this transformation, we sit down with Issa Ataya, CEO of Alef Group – Sharjah's largest and most influential real estate developer – to explore why the emirate is no longer content to play a supporting role. What follows is not just an insider's guide to one of the region's most dynamic markets, but a fresh lens on how real estate, culture, and public policy can unite to shape the cities of the future. Let's begin with the basics. As the UAE real estate sector continues its rapid expansion, what makes Sharjah such a compelling investment destination right now? Sharjah's business-friendly environment, backed by fair regulatory legislation, future-ready infrastructure, a highly talented workforce, and more than 60,000 SMEs and start-ups, have been key factors that have contributed to boosting FDI attractiveness. Sharjah's 6 specialised free zones and 33 industrial zones, coupled with its strategic location and global accessibility via sea and air ports on both the Gulf of Oman and the Arabian Gulf, have yet again proved the Emirate's appeal as a gateway to the GCC and the wider region, with an estimated GDP of $2.2 trillion for 2024. Sharjah is keen to attract and facilitate investments seeking growth in the Emirate's secure and stable environment. Leveraging the close relationship between the private and public sectors can facilitate investor access to incredible investment opportunities and provide all the support needed, from ideation to implementation. As Sharjah's leading real estate firm, with a market share exceeding 35 per cent, Alef plays a vital role in meeting the evolving needs of the new generation of entrepreneurs. We offer modern lifestyle models, fully integrated communities, and unique experiences that enhance luxurious living. Sharjah's regulatory climate also fosters innovation by creating long-term incentives for businesses and developers. Unlike other high-growth markets where volatility can pose risks, Sharjah stands out for its steady performance, community-centric planning, and the unique blend of tradition and modernity that investors increasingly see as the future of livable urban environments. The idea of 'lifestyle' has evolved dramatically over the past few years – especially post-pandemic. What major trends are you tracking across the real estate sector in 2024, and what do you expect in 2025? Over the past year, several trends in the real estate sector have been notable in Sharjah and globally, namely: Continued demand for homes with dedicated locations conducive to remote work: The transition to remote work has significantly impacted the real estate market. Globally, there is a reduced demand for office space, while the desire for residential and multifamily housing is rising. The pandemic has shifted our perspectives on living and working, leading to a rapid transformation of the real estate market. According to a survey conducted by Owl Labs, 77 per cent of respondents stated that they would be happier if they had the option to telecommute. While telecommuting may not benefit everyone, those who do it claim to be more productive than they would be in a traditional workplace. In the UAE, for example, a whopping 90 per cent of the workforce shows a penchant for hybrid or entirely remote work settings, according to a report by Matsh. Growing interest in eco-friendly and energy-efficient homes: Homebuyers are keenly interested in houses that align with their eco-friendly values. This shift towards sustainable living has given rise to a flourishing trend in the real estate market – the demand for eco-friendly homes. According to the latest report by Property Finder, UAE developers can leverage sustainability to add value to their properties, as 70 per cent of investors are willing to pay premiums for green facilities. Strong desire for smart homes to streamline daily living: In the dynamic world of residential living, smart homes have become symbols of innovation, comfort, and security, revolutionising traditional living spaces worldwide. According to a report by MarkNtel Advisors, the Middle East Smart Home Market is expected to grow at a CAGR of around 22 per cent from 2023 to 2028. Projects like Dubai South, Mohammed Bin Rashid City, and NEOM are signalling a smart, connected future. Preference for suburban living due to space and lifestyle changes post-pandemic: We have seen strong predictions for the real estate sector for 2024. These include overall recovery and stability for the real estate sector as a whole, further advancements in smart technology for the home and office that utilise AI-driven mechanisms, and continued emphasis on sustainable living. We are also expected to see a return to the urban landscape; as life continues to stabilise after the pandemic, there is a high chance of a resurgence back to city living due to lessened costs. We also expect to see increased affordable housing initiatives and efforts from governments and the private sector through incentives, policy changes, and innovative and sustainable approaches to construction. Finally, an interesting focus next year will be catering to the new generation of buyers; younger millennials entering the housing market may prioritise different amenities and community features, which may spur innovative and revolutionary takes on living. As developers, this means staying ahead of the curve – but also staying grounded. The best projects will be those that can fuse tech-enabled convenience with human-first design. How do Sharjah's real estate dynamics compare with Dubai's? Are the trends interlinked or diverging? Sharjah's geographical position relative to Dubai has meant that the Emirate has long been considered an important real estate market, particularly for those looking for a lively, modern yet traditional place to live and thrive in. As such, Sharjah serves as a home base for a significant number of people who work in Dubai and commute daily to their place of employment. This has led to the real estate market in Sharjah being heavily tied to the market in Dubai, with people moving to Sharjah in periods where Dubai rents rise, and moving back from Sharjah at times of lowering costs in Dubai. Both 2015 and 2016 saw a trend towards the latter, with prices in Dubai considered more affordable and therefore less movement north. Sharjah benefits residents by being relatively in the middle when it comes to cost of living, contributing to high occupancy rates compared to other Emirates. What we're seeing now, however, is a shift in perception. Sharjah is no longer just a cost-effective alternative – it's becoming a destination in its own right, with a growing cultural identity and infrastructure ecosystem that makes it viable long-term for families, entrepreneurs, and institutions. Let's talk product. What makes Alef Projects distinct, and why should an investor choose your communities over others? Alef Communities are committed to supporting Sharjah's vision and recognise the exceptional potential of this evolving modern metropolis. Sharjah's real estate market is highly stable, which is crucial in making it an attractive destination for those looking to invest. Alef creates an ultimate living experience and offers investors a guaranteed secure investment. Al Mamsha is Sharjah's first fully walkable community that combines modern living, retail, and leisure in an upscale, pedestrian-friendly, and tech-savvy environment. Hayyan represents a unique experience of forming the green heart of Sharjah. The project includes the largest swimming lagoon in the emirate, extending over 50,000 square feet. The project, comprising organic edible gardens and green trees, enhances the Emirate of Sharjah's vision to achieve a sustainable green environment with globally applicable environmental standards. We previously launched two neighbourhoods, Alma and Arim, both of which experienced exceptional demand. This strong market response has led us to introduce the Samr neighborhood, a new phase within the Hayyan development project. Our newly launched project, Olfah, was introduced in September this year. The project offers a genuine and immersive living experience, spanning 84,814.40 square meters. It features Sharjah's largest private community park, situated on an elevated podium covering over 26,000 square meters. Most apartments enjoy uninterrupted views of the expansive green spaces, creating a serene and engaging environment for residents. What sets Alef apart is not just scale or speed – but vision. Each project is built with intent: a commitment to sustainability, walkability, and community-centric design that elevates daily life. We often hear the comparison: 'Can Sharjah rival Dubai?' Do you believe the emirate can truly stand on equal footing in terms of real estate viability? As the third-largest of the seven Emirates that make up the UAE, Sharjah enjoys a large population, a strategic location for regional connectivity, and significant real estate activity, all of which contribute towards an expanding construction sector. Sharjah provides unmatched affordability and stability, making it a unique destination. Its competitive pricing, robust yields, and lower market volatility set it apart. Additionally, Sharjah boasts a high quality of life, exceptional infrastructure, and a thriving economy, enhancing its appeal further. The Emirate has several major real estate developments under construction, many of which are mixed-use developments that could help to radically transform the landscape in the Emirate. The opportunities available in Sharjah now mean that many more companies from the rest of the UAE, and other GCC countries, are looking to get involved in the near future, further opening the Emirate to outside investments. How important have government regulations been in paving the way for this growth? Has recent legislation in Sharjah made investment easier? The Sharjah Executive Council (SEC) has issued a decision at the end of 2022 that allows full ownership with no time restrictions in real estate projects to all nationalities. The decree allows citizens of any country to own real estate of all kinds in Sharjah. The real estate registration developments aim to keep up with the growth of this vital sector and to provide ownership opportunities to all nationalities in a 'regulated fashion while maintaining stability'. The legislation also protects the rights of owners and investors of all nationalities. Another major strength of Sharjah lies in the government's consistent dedication to advancing the emirate and supporting vital sectors, particularly real estate. Recent initiatives, incentives, and stimulus packages have played a crucial role in driving the growth of the property market. The government's strategic plans to establish the emirate as a hub for economic activity and tourism are also promising for increasing property demand. With sustained government backing, one can have confidence in the continued prosperity of the real estate sector in the years to come. As CEO, where are you steering the business next? What should we expect in the coming year? We continue to work heavily on expanding our real estate portfolio well into the next year and beyond. Our focus has always been on building solid and sustainable developments that cater to the exact needs of our robust clientele. In September, we launched our newest project, Olfah, featuring Sharjah's largest private community park and offering a unique combination of high-rise living and a connection to nature. This latest development wholeheartedly embodies the core values of Alef, striving to serve our community by providing luxury living spaces that are directly connected to nature. Most recently, we have launched Al Mamsha Hamsa at ACRES 2025, following the exceptional success and high demand generated by Al Mamsha Raseel. This new neighbourhood is set to further solidify Al Mamsha as a sought-after destination in Sharjah's real estate landscape. Al Mamsha Hamsa comprises of three buildings with a total of 420 units spanning 50,000 square metres of built-up area, featuring one- to three-bedroom apartments. Al Mamsha Sharjah serves both visitors and residents as the first fully pedestrian-friendly community in Sharjah, combining luxury living with unparalleled amenities in a comfortable and stylish environment. In Hayyan, we have successfully launched our latest neighbourhood, Samr, following the strong demand for Alma and Arim villas and townhouses. Alef has also announced the opening of new offices in Dubai to better serve its broker partners in the region in addition to the sales centres in both Sharjah and Abu Dhabi. We are gearing up to announce other exciting new projects/launches very soon this year. You mentioned partnerships earlier. Is Alef Group actively seeking collaborations or joint ventures? We at Alef place a premium on research and development and collaborations with private and public entities for bilateral relations. We are currently undertaking several discussions across multiple markets to establish long-lasting relationships. Lastly, let's talk lifestyle. What does Sharjah offer that sets it apart from the rest of the Emirates – from a cultural and everyday-living perspective? From vibrant souks and inspiring art galleries to enlightening mosques and historic monuments, Sharjah is aptly named the UNESCO cultural capital for the Arab World. The Sharjah government, Sharjah Art Foundation, and Sharjah Museums Authority have made incredible efforts to preserve and share Emirati history and heritage. Today, Sharjah has over 20 museums and galleries, featuring modern art, priceless paintings and Arabian artefacts that offer a comprehensive insight into the history of the UAE. The city also boasts several nature and adventure activities, including trekking and camping in nature reserves, water sports at nearly every Sharjah beach, and motorsports in the desert. The iconic Sharjah Corniche offers a beautiful night-time view of the Arabian Gulf. For residents of the UAE, Sharjah is also a preferred residential base with a wealth of family-friendly activities. From casual dining, cafe and leisure options to cultural programs and events, development in this city is focused on family and children. As a result, parents in this city always have several options for things to do with kids. Sharjah also benefits students; as the Emirate known for its love of cultural preservation and of academic excellence, Sharjah is home to the University of Sharjah, the American University of Sharjah, and more. The takeaway This isn't just about real estate – it's about redefining where and how we choose to live. In a country known for hypermodern skylines, Sharjah is focusing on a different formula: culture, connectivity, and community-first planning. And if Alef's projects are any indication, it's a focus that's beginning to pay off. From sustainable green neighbourhoods to tech-enabled walkable communities, what's being built in Sharjah today could very well become the blueprint for urban living across the Middle East tomorrow.
Zawya
26-03-2025
- Business
- Zawya
Alef awards $299mln contract for Sharjah community project
UAE - Leading UAE real estate developer Alef has announced that it has appointed CC7 as the main contractor for the Al Mamsha Raseel project, being developed at an investment of AED1.1 billion ($299 million). The development, part of the larger Al Mamsha Sharjah community, will comprise 11 buildings across the Darb and Nama clusters, delivering a total of 1,915 residential units. The project is set to redefine modern living in Sharjah, offering a blend of luxury, sustainability, and community-centric design, said the Emirati developer. Work is set to begin soon on the project and is likely to be completed in December 2028, it stated. Announcing the contract award, CEO Issa Ataya said: "The appointment of CC7 marks a significant milestone in the development of Al Mamsha Raseel. Their expertise and dedication to quality align perfectly with our vision of creating exceptional living spaces that cater to the needs of modern families." "This project underscores our commitment to supporting Sharjah's growth and delivering sustainable, community-focused developments," he noted. Al Mamsha Raseel (pure water in Arabic) is a captivating zone within the Al Mamsha Sharjah, designed to harmonise modern living with natural beauty. The development will feature stunning water elements, including interactive fountains in play areas, creating a serene and engaging environment for residents. With its thoughtfully planned walkways, lush landscaping, and elegant water features, this zone is set to provide a selection of enviable homes, complemented by open spaces that enhance the overall living experience.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
