Al Mamsha Hamsa
Off-Plan

Al Mamsha Hamsa

From AED 919,000·Handover Nov 2029·10% down payment Payment
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AED 919,000
Starting Price
Nov 2029
Handover
10% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Al Mamsha Hamsa is the fourth phase of the Al Mamsha residential project from the developer Alef in the heart of Sharjah. The complex is a residential area consisting of three buildings, including a basement parking floor, a ground floor, a podium and 8 residential levels. The exterior of the buildings of the project is characterized by a modern and elegant design. The buildings are organically integrated into the landscape, complemented by beautiful greenery and water elements, creating a calm and refreshing atmosphere. The project includes apartments with 1-3 bedrooms, as well as commercial premises. All the residences have a modern design. Elegantly proportioned windows overlooking the park and spacious balconies with outdoor seating areas complement the sophistication of the interiors. Residents of the complex have access to a modern gym and swimming pool, as well as a lively shopping area where they can easily purchase all the necessary goods. The project is strategically located, which provides convenient access to the main attractions. Just 4 minutes to University City of Sharjah, 5 minutes to Sharjah School's Complex, 8 minutes to 06 Mall and 5 minutes to 311 Sheikh Mohammad Bin Zayed Road. Sharjah International Airport can be reached in 9 minutes and Dubai International Airport in 15 minutes.

Project Specifications
DeveloperAlef
LocationMuwaileh Commercial
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaMuwaileh Commercial
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 39,655 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,328
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 59,735 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Al Mamsha Hamsa launch basis1,021AED 919,000Current launch / asking basis
Muwaileh Commercial ready-stock comps1,500AED 1.35MIndicative resale benchmark
Muwaileh Commercial premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Al Mamsha Hamsa official render 1

Al Mamsha Hamsa official render 1

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Al Mamsha Hamsa official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Alef.

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Payment Structure

10% down payment

Flexible Payment

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Floor Plans

Al Mamsha Hamsa — 1 Bedroom Floor Plan

Amenities & Lifestyle

Community Lawn
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Leisure areas
Lift
Pool Deck
Resting Areas
Retail outlets
Security and CCTV
Shared Pool
Shared gym
Shared gym & fitness
Sitting Area
Smart home
Social zone
Walking paths

Location

Muwaileh Commercial

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Muwaileh CommercialMuwaileh CommercialDubai, UAE

Developer Track Record

01

Al Mamsha Hamsa by Alef

02

Located in Muwaileh Commercial

03

Starting from AED 919,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Nov 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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