Nama Phase 5 By Alef
This project sits outside the full evidence tier: it is in Sharjah, where developer inventories are published less completely than in Dubai. The record below is what the corpus actually holds, with nothing filled in around the gaps.
The record
| Developer | Alef |
|---|---|
| Community | Muwaileh |
| City | Sharjah |
| Sale status | Likely sold out |
| Construction | Under construction |
| Classification | Off-plan |
| Property types | Apartment |
| Bedrooms offered | 1, 2, 3 |
| Priced unit records | 3 |
| Unit plans listed | 1 |
Read from developer-published inventories on 2026-07-30. Blank means the developer published nothing, not that the answer is zero.
Where this price sits
AED 1,045 per sqft, 19% below the Muwaileh median, and 48% below the Dubai median.
AED per sqft of built-up area, the median across 3 priced records published for this project, measured the same way for every project in the corpus so the three readings above are comparable. Asking prices, not transactions. See methodology.
Alef publishes 326 priced records across 15 projects in Muwaileh, at a median of AED 1,277 per sqft, 1% below the rate for the address as a whole. The full benchmark, every rival builder in Muwaileh beside it, is on Alef in Muwaileh.
The payment plan
This plan spreads the price over the months to handover and beyond, and money you have not paid yet is money you still have. Valuing every instalment on the day it actually falls due, at 5.0% a year, this schedule is worth 8.11% less than the headline, or AED 57,533 on the published entry price. It is not a discount anyone will give you at the counter, and the total you sign for does not change. It is what the timing is worth, and it is the number to compare against another project handing over at the same time.
This plan states a post-handover tail without saying how long it runs, so it is priced over 24 months, the shorter of the two lengths the corpus states. The real discount is probably deeper than shown. Computed from the published schedule and the stated handover date, at a 5.0% annual cost of money compounded monthly. It credits no rent, no capital growth and no allowance for a handover delay. Definition and the reason for the rate: methodology. Where this project sits against every other: the plan discount ranking.
On the published entry price of AED 709,000 that is AED 354,500 before handover and AED 212,700 after the keys. Run other prices through the payment plan calculator.
Booking, construction and handover are three independent medians, so they are normalised to 100 before drawing and the handover share carries the remainder. 31% of plans in Muwaileh schedule instalments after the keys.
More in Muwaileh
- AED/sqft
- 1,255
- From
- AED 904K
- Handover
- Q4 2029
- Before keys
- 30%
- AED/sqft
- 1,276
- From
- AED 1.66M
- Handover
- Q2 2028
- Before keys
- 35%
- AED/sqft
- 1,772
- From
- AED 1.45M
- Handover
- Q1 2029
- Before keys
- 40%
- AED/sqft
- 1,328
- From
- AED 729K
- Handover
- Q1 2028
- Before keys
- 70%
- AED/sqft
- 1,302
- From
- AED 1.52M
- Handover
- Q2 2028
- Before keys
- 40%
- AED/sqft
- 1,180
- From
- AED 999K
- Handover
- Q4 2029
- Before keys
- 34%
The full report: every community, every developer, ranked.
Muwaileh, Sharjah in context: price per sqft by community and developer, payment plan structures ranked by cash due before handover, the 2026 to 2029 delivery pipeline, and the CSV behind every table. PDF plus data, delivered instantly.
OffplanIndex is an independent index. We are not the developer, not the agent and not a party to any sale. Figures are developer-published asking prices as read on 2026-07-30, not transaction records. Back to the project index.