Palace Residences 2
Sharjah · Muwaileh · Al Mamsha
Palace Residences 2 is an apartment development by Alef Group in Al Mamsha, Sharjah. Prices start at AED 1,700,000. Homes are 1 to 3 bedroom apartments, from 868 to 1,927 square feet. The development is under construction, with handover scheduled for Q1 2029. Ownership is freehold.
Key facts
- Handover
- Q1 2029
- Status
- Under construction
- Ownership
- freehold
- Property types
- apartment
- Availability
- Limited availability, confirm with us
Payment plan
Standard
10%
Down payment
30%
During construction
60%
On handover
Available units
| Type | Area (sqft) | Bathrooms | Layouts | Starting price |
|---|---|---|---|---|
| 1 bedroom | 868 | 2 | 1 | AED 1,700,000 |
| 2 bedroom | 1,318 | 3 | 1 | AED 2,100,000 |
| 3 bedroom | 1,927 | 4 | 1 | AED 3,100,000 |
Amenities
- Indoor Swimming Pool
- Landscaped Gardens
- CCTV Security
- Gymnasium
- Restaurants
- Children's Play Area
Location
Palace Residences 2 sits in Al Mamsha.
Distance to landmarks (straight line)
- Dubai International Airport (DXB)12 km
- DIFC21 km
Straight-line distance from the project's coordinates, not a drive time.
Master plan
The developer’s own site plan for Palace Residences 2, showing how the buildings, roads and open space sit together.
How Palace Residences 2 compares
Entry here is AED 1.7M, against a median of AED 729,000 across the 22 priced projects in Al Mamsha, the highest entry price in the community. The plan opens at 10% down, against a Dubai median of 10%, in line with the market. Handover lands in Q1 2029, alongside 100 other projects completing in the same quarter. Alef Group has 42 projects in our catalogue, 22 of them in Al Mamsha.
Measured across our own catalogue of Dubai off-plan projects, refreshed with the source listings. Entry price is the lowest advertised unit price in a project, not an average transaction value.
What you pay, and when
The published payment plan is 10% on booking, 30% during construction and 60% at handover. At the AED 1,700,000 entry price, that is AED 170,000 to reserve a unit, AED 510,000 across the build, and AED 1,020,000 due on completion.
What the entry price works out at
The cheapest unit with a published size is 868 square feet at AED 1,700,000, which works out at AED 1,959 per square foot. Stated sizes run from 868 to 1,927 square feet.
Ownership and residency
Palace Residences 2 is a freehold development, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 property threshold for the 10 year UAE golden visa, though 2 bedroom units here start at AED 2,100,000 and clear it on their own.
Who it suits
The development is apartments in 1 to 3 bedroom layouts. 1 bedroom units start at AED 1,700,000 and 3 bedroom units at AED 3,100,000, so one building covers a first rental purchase and a family home.
What is on site
Shared facilities recorded for Palace Residences 2 are the standard Dubai block: indoor swimming pool, landscaped gardens, CCTV security, gymnasium, restaurants and children's play area. 3 floor plans are published for it.
Frequently asked
What is the starting price at Palace Residences 2?+
Palace Residences 2 starts at AED 1,700,000. The cheapest unit with a published size is 868 square feet, which is AED 1,959 per square foot.
When does Palace Residences 2 hand over?+
Palace Residences 2 is scheduled to hand over in Q1 2029, alongside 100 other projects we track in the same quarter.
What is the payment plan at Palace Residences 2?+
The published plan at Palace Residences 2 is 10% on booking, 30% during construction and 60% at handover, so AED 170,000 reserves a unit at the AED 1,700,000 entry price.
What sizes are available at Palace Residences 2?+
Palace Residences 2 is apartments in 1 to 3 bedroom layouts, from 868 to 1,927 square feet.
Can a foreign buyer own a home at Palace Residences 2?+
Palace Residences 2 is freehold, so a buyer of any nationality can own a unit outright and hold the title deed. The entry price is below the AED 2,000,000 threshold for the 10 year UAE golden visa.
Which community is Palace Residences 2 in?+
Palace Residences 2 is in Al Mamsha, Sharjah. We track 22 projects in Al Mamsha.
Who is building Palace Residences 2?+
Palace Residences 2 is developed by Alef Group, who have 42 projects in our catalogue.
Before you commit
Ask about Palace Residences 2
Payment plan, availability, floor plates, or a viewing of the show unit. It reaches an advisor with this project already attached, so the first reply answers the question rather than asking which one you meant.
Related off-plan projects
Others in Al Mamsha, then more from Alef Group.
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Palace Residences 2 is an off-plan development by Alef Group in Muwaileh, priced from AED 1,700,000 with handover in Q1 2029. See more Alef Group projects or all 22 off-plan projects in Al Mamsha. Developer data, verified by our team on 1 Sept 2026. Confirm current details with us before making a decision.