Sharjah-based developer Alef Group has revealed that 68% of construction work on the first phase of its multi-use project Al Mamsha has been completed.
Located just off Sheikh Mohammed bin Zayed Road in the heart of ‘New Sharjah, the project is considered to bring together modern living, retail and leisure in an upscale environment completely accessible on foot, according to the developer.
Phase one consists of seven buildings, 693 housing units and 88 A commercial stores, all spanning an area of 58436 sqm.
Issa Ataya, managing director of Alef Group, said: “The project will be delivered at the end of this year, as per the plan. To ensure everything aligns with our plans, our team follows the necessary precautionary measures and procedures according to the protocols set by the Ministry of Health and Community Protection.”
He explained that the group is providing a variety of services, offers and discounts, and offering housing units for sale at competitive prices, especially considering how the current conditions have affected vital sectors and the general economic situation.
“The group of facilities and exemptions included in the stimulus package recently launched for investors by the Sharjah Government under the wise guidance of HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, would assist in economic development by simplifying business procedures and help project owners work on the construction and delivery of their developments in time,” he added.
The Sharjah Government has undertaken several initiatives during the current circumstances that have helped renew the confidence of project owners to invest in the emirate. WAM reported that the emirate of Sharjah is known to assist investors during difficult conditions and is known for its flexible laws and legislation.
Sharjah has also been successful in attracting investors from the region and internationally, over the years by providing tremendous opportunities within the government and private sectors, WAM added.