Alef Group signs realty deals worth Dhs1.37 billion at ACRES
- 20 hours ago
Alef Group, a leading real estate developer in the emirate of Sharjah, achieved a significant milestone during the ACRES 2025 Sharjah Real Estate Exhibition by signing 1,006 sales and purchase agreements (SPAs) with a total value of Dhs1,371,547,922.
This remarkable accomplishment highlights the strong demand for Alef Group’s innovative, community-driven developments.
During the four-day event at the Sharjah Expo Centre, Alef Group unveiled its newest project, Al Mamsha Hamsa, which attracted significant interest and positive feedback from investors and visitors alike.
The company also showcased its recently launched Olfah project and the Hayyan villa community, both of which continued to draw attention for their unique designs, modern amenities, and focus on creating high-quality, vibrant living environments.
Issa Ataya, CEO of Alef Group, commented, “This achievement at ACRES 2025 reflects the confidence that investors and residents place in Alef Group’s vision of redefining modern living.”
“The launch of Al Mamsha Hamsa, alongside the sustained interest in Olfah and Hayyan, underscores our commitment to delivering sustainable and innovative developments that align with the aspirations of Sharjah’s residents and elevate the emirate’s real estate landscape.”
Al Mamsha Hamsa, the latest addition to Alef Group’s portfolio, combines contemporary living with pedestrian-friendly spaces and family-oriented amenities, setting a new standard for lifestyle communities. Olfah offers a tranquil retreat with a seamless blend of nature and modern design, while Hayyan remains a premier villa community in Sharjah, renowned for its expansive green spaces, privacy, and high-end amenities.
Alef Group, a leading real estate developer in Sharjah, announced its remarkable accomplishments in 2024. With sales exceeding Dhs2.4 billion, the company experienced a 30 per cent year-on-year (YoY) growth, securing over 25 per cent of the Sharjah real estate market.
These achievements underscore Alef Group’s position as a market leader and its commitment to delivering quality and excellence.
Commenting on these milestones, Issa Ataya, CEO of Alef Group, said, “2024 has been a transformative year for Alef Group. Our strategic vision and commitment to excellence have propelled us to new heights. We are excited to continue this momentum, with new developments and initiatives on the horizon that will further enhance our position as a leader in the real estate industry.”
Meanwhile as revealed by Abdulaziz Ahmed Al-Shamsi, Director General of the Sharjah Real Estate Registration Department, the Sharjah real estate has succeeded in achieving exceptional and unprecedented growth during 2024, with a transactions volume amounting to Dhs40 billion, and a growth rate of 48 per cent compared to 2023.
Al-Shamsi commented: “This is the highest trading volume achieved by Sharjah’s real estate since 2008, and this significant growth reflects the increasing number of investors of various nationalities and their demand to purchase different types of real estate.”
WAM
