Olfah by Alef Group: Apartments in Muwaileh Commercial, Sharjah
Olfah is a residential apartment project from Alef Group, located in Muwaileh Commercial, Sharjah. Construction started in October 2024 and the project targets handover in March 2029. For an off-plan buyer assessing entry conditions, the payment structure is the first number to examine: 10% down secures your place in the project, with the remaining cost spread across the construction period and handover.
Where Muwaileh Commercial Puts You
Muwaileh Commercial is one of Sharjah's established residential and mixed-use zones. It sits close to the University City of Sharjah, anchoring a year-round population of students, academics, and working professionals. Dubai is roughly 20 to 30 minutes by car, placing this district within commuting range of Dubai's main employment centres while carrying Sharjah price levels.
For investors, the Muwaileh address suits tenants who want practical access to both cities at a Sharjah price point. For owner-occupiers, the location offers an established urban setting with the cost profile that comes with a Sharjah address relative to Dubai equivalents.
What AED 689K to AED 1.65M Buys You Here
The price range at Olfah runs from AED 689,000 at entry to AED 1,649,000 at the top. The spread of roughly AED 960,000 reflects different unit configurations rather than floor premiums or specification tiers.
One-bedroom units come in two layouts. Type A measures 758 sq ft starting from AED 839,000, working out to approximately AED 1,107 per sq ft. Type B gives slightly more room at 853 sq ft from the same AED 839,000 entry point, at roughly AED 984 per sq ft. At the top of the range, the three-bedroom apartment measures 1,844 sq ft starting from AED 1,649,000, at approximately AED 894 per sq ft.
The per-square-foot rate drops as unit size increases. Investors focused on yield will find the one-bedroom units the natural starting point. Buyers prioritising space, for family use or a longer hold, get better per-square-foot value at the three-bedroom level.
The Amenity Mix
| Category | Facilities |
|---|---|
| Fitness & Wellness | Gymnasium, Indoor Swimming Pool |
| Outdoor | Landscaped Gardens |
| Security | CCTV Security |
| Dining | Restaurants |
The indoor swimming pool is the standout in this list. Outdoor pools in the UAE face a constrained usable window through the summer heat; an indoor pool removes that seasonal restriction and delivers year-round access. On-site restaurants reduce the daily need to leave the building, which suits the working professional or small-family resident the Muwaileh location attracts. The amenity set positions Olfah clearly in the mid-market: practical, well-rounded facilities without a luxury specification.
Getting In for 10%
| Phase | Payment |
|---|---|
| Down Payment | 10% |
| During Construction | 50% |
| On Handover | 40% |
Ten percent down is a low initial commitment for UAE off-plan. On a one-bedroom at AED 839,000, that translates to an entry payment of approximately AED 83,900. On the three-bedroom at AED 1,649,000, the down payment is roughly AED 164,900. The 50% during construction distributes across approximately 32 months of remaining build time before the March 2029 handover. The 40% at handover is the largest single payment in the schedule.
There is no post-handover instalment plan. The property transfers fully paid at handover, giving investors a clean financial structure from the first day keys are received.
Completion in March 2029
Construction at Olfah began in October 2024. The expected handover is March 2029, placing the project at roughly its midpoint as of mid-2026. Buyers entering now commit to approximately 32 months of build-period payments before reaching the final 40% obligation at handover.