Sharjah, UAE – Alef Group has unveiled Phase 2 of its AED 2.5 billion ($680 million) Olfah development in Sharjah, expanding the forest-designed walkable community in New Sharjah. The new phase brings additional three-bedroom apartments to market, meeting rising demand while maintaining a balance between modern comfort and natural serenity.
Located in New Sharjah, Olfah offers over 57,000 square meters of green space, making it Sharjah’s largest community park on a private podium. More than 75% of apartments feature direct views of landscaped parks, pools and the surrounding urban skyline.
“Alef Group’s launch of the second phase of buildings at Olfah marks another important milestone in our journey to redefine modern living in Sharjah. This expansion reflects our strategic vision to create vibrant, sustainable communities that elevate the quality of life for residents while supporting the emirate’s long-term urban development goals,” said Raed Kajoor Al Nuaimi, CEO of Alef Group.
Also read: Alef Group, Emaar Hospitality Launch Palace Residences Al Mamsha in Sharjah
The development integrates residential, retail, and leisure spaces, emphasising walkability and a car-free, pedestrian-friendly environment. Amenities include large balconies, custom-designed kitchens, wellness zones, playgrounds and direct access to expansive landscaped areas.
Sharjah’s real estate transaction value has surged to AED 44.3 billion in the first nine months of 2025, up nearly 60% year-on-year, with foreign and regional investor interest accelerating. Indian investors benefit from Sharjah’s affordability, strong rental yields, freehold property options and connectivity to Dubai and Sharjah airports.
Also read: Sharjah Foreign Real Estate Investments Surge 62% to AED 23.2 Billion in 2025
Olfah’s new apartments offer flexible payment plans and freehold ownership for non-GCC nationals, making it a compelling option for cross-border investment. Sustainable urban planning and the extensive green infrastructure align with global ESG investment trends in the region.
From the perspective of Indian investors, Sharjah stands out as an appealing destination in the UAE real estate market. It offers affordable property prices, often 30 to 50 percent lower than Dubai, while providing access to high returns and steady rental yields. Indian investors have been one of the largest foreign buyer groups in Sharjah, investing over AED 6 billion in recent months.
The emirate’s strategic location, with seamless access to Dubai’s airports, business hubs, and growing UAE markets, makes it particularly attractive for NRIs looking for long-term capital appreciation and lifestyle benefits. Additionally, Sharjah’s regulations enable freehold ownership by foreigners in designated zones, with simplified purchase processes, stable legal frameworks, and residency visa options linked to property investment—factors that support Indian investors’ confidence and investment decisions.
Discover more from Invest Dubai Today - Dubai Realty Insights
Subscribe to get the latest posts sent to your email.
