
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Al Mamsha Hamsa launch basis | 1,021 | AED 919,000 | Current launch / asking basis |
| Muwaileh Commercial ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Muwaileh Commercial premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |














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Astraterra Properties
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Muwaileh Commercial
Al Mamsha Hamsa by Alef
Located in Muwaileh Commercial
Starting from AED 919,000
Unit mix includes 1 BR, 2 BR, 3 BR, Apartments
Expected handover: Nov 2029
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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