Al Mamsha Raseel
Off-Plan

Al Mamsha Raseel

From AED 929,000·Handover May 2029·5% down payment Payment
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AED 929,000
Starting Price
May 2029
Handover
5% down payment
Payment Plan
1 BR · 3 BR
Type

Project Overview

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.

Project Specifications
DeveloperAlef
LocationMuwaileh Commercial
Unit Types1 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 40,086 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,429
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 60,385 / 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 Raseel launch basis1,032AED 929,000Current 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 Raseel official render 1

Al Mamsha Raseel official render 1

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Al Mamsha Raseel official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Alef.

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Payment Structure

5% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Children’s pool
Covered Parking
Dining outlets (coffee houses & restaurants)
Fountain
Kids Play Area
Kids splash pad
Landscape Open Areas
Landscaped garden
Leisure areas
Lift
Lobby
Pool Deck
Resting Areas
Security and CCTV
Shared gym & fitness
Smart home
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 Raseel by Alef

02

Located in Muwaileh Commercial

03

Starting from AED 929,000

04

Unit mix includes 1 BR, 3 BR, Apartments

05

Expected handover: May 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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