Olfah
Off-Plan

Olfah

From AED 899,000·Handover Dec 2029·5% down payment Payment
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AED 899,000
Starting Price
Dec 2029
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Olfah is a community surrounded by nature from Alef in Muwaileh, Sharjah. The complex consists of 12 buildings of different storeys, including a ground floor and from 9 to 11 residential floors with various residential facilities with 1-3 bedrooms. The project is designed in a modern architectural style with an emphasis on conciseness and functionality. The exterior of the buildings is characterized by large windows and freely open facades, which provide improved light and air circulation, as well as breathtaking panoramic views. The interiors are made using light colors and high-quality materials. The space is designed with maximum functionality and comfort in mind. The residence layouts include laundry rooms and balconies, while the 3-bedroom apartments have additional staff rooms. Various amenities are provided for residents of the complex, such as: a playground with water activities, green hills, walking paths, a children's playground, a climbing wall, several pools, an amphitheater and barbecue areas. Olfah is located in an attractive location next to the Sharjah Academy for Astronomy, Space Sciences and Technology. University City of Sharjah can be reached in 2 minutes, Sharjah Airport in 5 minutes, Dubai Airport in 15 minutes, and Dubai Downtown in 25-30 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 38,792 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,125
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 58,435 / 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
Olfah launch basis999AED 899,000Current 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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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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Floor Plans

Olfah — 1 Bedroom Floor Plan

Amenities & Lifestyle

BBQ
Bike path
Central A/C
Children’s pool
Climbing Wall
Community Lawn
Covered Parking
Jogging tracks
Kids Play Area
Kids splash pad
Landscape Open Areas
Landscaped garden
Leisure areas
Lift
Open Kids Play Area
Open air gym
Outdoor Theater
Outdoor parking
Pool Deck
Prayer room
Resting Areas
Retail outlets
Security and CCTV
Shared Jacuzzi
Shared Pool
Shared gym & fitness
Sitting Area
Social zone
Sports ground
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

Olfah by Alef

02

Located in Muwaileh Commercial

03

Starting from AED 899,000

04

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

05

Expected handover: Dec 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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