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Home UAE Sharjah

A $373 million real estate transaction is signed by Alef Group

January 30, 2025
in Sharjah, UAE
Reading Time: 1 min read
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A $373 million real estate transaction is signed by Alef Group
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During the ACRES 2025 Sharjah Real Estate Exhibition, Alef Group, a prominent real estate developer in the emirate of Sharjah, signed 1,006 sales and purchase agreements (SPAs) totaling AED 1,371,547,922, marking an important milestone.

This outstanding achievement demonstrates the enormous desire for Alef Group’s creative, neighborhood-driven buildings.

Alef Group launched its newest project, Al Mamsha Hamsa, at the four-day exhibition at the Sharjah Expo Centre. The project received positive response and a lot of interest from both investors and visitors.

The business also displayed the Hayyan villa community and its recently opened Olfah project, both of which have maintained their appeal due to their distinctive designs, contemporary conveniences, and emphasis on producing high-quality, lively living spaces.

Issa Ataya, CEO of Alef Group, commented, “This achievement at ACRES 2025 reflects the confidence that investors and residents place in Alef Group’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.”

The newest development in Alef Group’s portfolio, Al Mamsha Hamsa, sets a new benchmark for lifestyle communities by fusing modern living with pedestrian-friendly areas and family-friendly amenities. While Hayyan continues to be one of Sharjah’s top villa communities, known for its vast green areas, seclusion, and upscale amenities, Olfah provides a peaceful haven with a smooth fusion of nature and contemporary design.

Tags: Alef GroupReal EstateReal Estate TransactionSharjahUAE

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