
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.
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.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Palace Residences - Al Mamsha launch basis | 1,606 | AED 1.45M | Current launch / asking basis |
| Muwaileh Commercial ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Muwaileh Commercial premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |















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Astraterra Properties
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Muwaileh Commercial
Palace Residences - Al Mamsha by Alef
Located in Muwaileh Commercial
Starting from AED 1,445,000
Unit mix includes 1 BR, 2 BR, 3 BR, Apartments
Expected handover: Jan 2029
Official brochure and PDF marketing materials available
Official render/gallery images available
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Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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