
Al Mamsha Raseel is the third phase of the Al Mamsha residential project from the developer Alef, in the heart of Sharjah. The project consists of a complex of 13 buildings, including a ground floor and 7-9 residential floors, which include apartments with 1-3 bedrooms, as well as commercial premises. The exterior of the buildings is characterized by a modern and elegant design that harmoniously fits into the surrounding landscape. The facades of the buildings are decorated in bright colors, creating a feeling of lightness and spaciousness. A landscaped area with greenery and recreation areas complements the overall picture. The interiors of the apartments are made using high-quality materials and modern design solutions. The well-thought-out layout allows for the most efficient use of space. Large windows provide good natural light. Numerous amenities and services are available to residents, including swimming pools, fitness centers, children's playgrounds, barbecue areas and walking paths. There are shops, restaurants and cafes on the territory of the complex, providing comfortable accommodation. Al Mamsha Raseel is advantageously located in terms of transport accessibility and proximity to major infrastructure facilities. University City of Sharjah or 06 Mall can be reached in 5 minutes, Sharjah International Airport in 10 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 Raseel launch basis | 1,032 | AED 929,000 | 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 |













Al Mamsha Raseel official render 1

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Astraterra Properties
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Muwaileh Commercial
Al Mamsha Raseel by Alef
Located in Muwaileh Commercial
Starting from AED 929,000
Unit mix includes 1 BR, 3 BR, Apartments
Expected handover: May 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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