UAE’s Sharjah real estate group begins construction of $58m community project

DUBAI: Sharjah-based Alef Group has started construction of an 818,00 square feet development valued at 213 million dirhams ($58 million).

The Phase III of the Al Mamsha project will include 612 residential units spread over six buildings, state news agency WAM reported.

The construction comes as the Alef Group announced increase in sales for the previous two phases of the project, which the company said was due to growing demand for residential units in the northern Emirate.