Palace Residences - Al Mamsha
Off-Plan

Palace Residences - Al Mamsha

From AED 1.45M·Handover Jan 2029·5% down payment Payment
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AED 1.45M
Starting Price
Jan 2029
Handover
5% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Palace Residences – Al Mamsha is the first branded residential development within the Al Mamsha community in Sharjah. The project is developed by Alef in collaboration with the Palace brand of Emaar Hospitality Group. Located in the southern part of Al Mamsha — the city’s first fully walkable district — the complex consists of two residential towers connected by a shared ground and podium levels with nine residential floors, featuring landscaped courtyards and well-designed communal spaces. The project offers one-, two-, and three-bedroom apartments. The interiors are designed in calm tones of white, grey, and natural wood, with open layouts, abundant natural light, and thoughtful ergonomics. Soft textures and high-quality materials create an atmosphere of modern comfort. Amenities include adult and children's pools, modern fitness facilities, lounge areas, family recreational zones, shaded walkways, and landscaped terraces. Retail and dining options are integrated into the podium level, enhancing everyday convenience for residents. Palace Residences – Al Mamsha has direct access to University City Road, one of Sharjah’s main urban arteries, and is located near 06 Mall and Al Mamsha Souks. Sharjah International Airport is 12 minutes away, while Dubai International Airport is 30 minutes away, ensuring excellent connectivity to key destinations across the region.

Project Specifications
DeveloperAlef
LocationMuwaileh Commercial
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaMuwaileh Commercial
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 62,352 / year
Cash-on-Cash
2.2%
Levered cashflow AED 14,667
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 93,925 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Palace Residences - Al Mamsha launch basis1,606AED 1.45MCurrent launch / asking basis
Muwaileh Commercial ready-stock comps1,500AED 1.35MIndicative resale benchmark
Muwaileh Commercial premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Palace Residences - Al Mamsha official render 1

Palace Residences - Al Mamsha official render 1

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Palace Residences - Al Mamsha official render 2

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Palace Residences - Al Mamsha official render 5

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Palace Residences - Al Mamsha official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Alef.

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Payment Structure

5% down payment

Flexible Payment

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Amenities & Lifestyle

Adults Pool
Children’s pool
Dining outlets (coffee houses & restaurants)
Fitness Zone
Kids Play Area
Lift
Lobby
Lounge
Parking
Pool Lounge
Recreational areas
Resting Areas
Retail outlets
Social zone
Terrace Garden
Walking paths

Location

Muwaileh Commercial

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Muwaileh CommercialMuwaileh CommercialDubai, UAE

Developer Track Record

01

Palace Residences - Al Mamsha by Alef

02

Located in Muwaileh Commercial

03

Starting from AED 1,445,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Jan 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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