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Al Mamsha Apartments in Sharjah

Name: Sales in Al Mamsha Apartments started!
Start: 2019-11-29T08:58:01.508415+00:00
End: 2023-12-31T23:59:59+0000
Location: Al Mamsha Apartments

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Project info

Object ID: 1822

Finished at	November 2019
Price, m²	From 2000$
Buy online	Details
Installment plan	no
Bank mortgage
Property type	Aparment building
Square	from 27.00 m²
Floors	7
Apartments	250
Building phase	Completed
Condition	Fresh renovation
Construction type	Monolyth
Security	Security
Conveniences	Parking Spa Fitness Pool
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

54,000$

Net profit

5,906$

Payback period

6.7 years

Avg property value increase per year

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About the project

Al Mamsha Apartments – the cradle of perfect moments.

Location

The community is located on the territory in Muweileh Area, Sharjah.

What is around?

Al Mamsha is in the center of new Sharjah, which makes it possible to reach all the major city’s destinations while University City is not far from here. Sheikh Mohammad Bin Zayed Road is also near, so, there’s no problem to get to Dubai or the airport.

Architecture

Al Mamsha occupies a 3 million sq. ft. territory performing contemporary designed buildings. The project includes three zones, and one of them represents the development of 33 mixed-use buildings. Strict geometric lines are masterfully combined with plants covering the roofs and light peach color.

Interior infrastructure

The community encourages eco-friendly environment support. There are plenty of green sidewalks and walkways throughout the territory. Al Mamsha offers a broad range of modern amenities including SPA, nurseries, sports features, entertainment areas, markets, concert stages, museums, art galleries, markets, and landscape gardens.

Transport

Al Mamsha is located not far from Sheikh Mohammad Bin Zayed Road while Dubai International Airport is 15 minutes away from the community.

About the units

The community offers studios, 1-, 2-, 3-bedroom apartments; 2-, and 3-bedroom duplex apartments. Studio sizes start from 296 sq. ft.; 1-bedroom – from 635 sq. ft.; 2-bedroom – 1,518 sq. ft.; 3-bedroom – 1722 sq. ft.

Developer

Alef Group is a privately held lifestyle experience provider founded by Sheikh Khalid Sultan Al Qasimi in 2013. Headquartered in Sharjah UAE…
Details about Alef Group