Off-plan
Palace Residences 2
by Alef Group in Muwaileh
From AED 1,700,00040/60 payment planHandover Q1 2029
- From
- AED 1,700,000
- Handover
- Q1 2029
- Homes
- 1 to 3 bed
- Sizes
- 868 to 1,927 sq ft
- Payment plan
- 40/60
About Palace Residences 2
Alef Group develops Palace Residences 2 in Muwaileh, Sharjah, with design collaboration from Emaar Hospitality. The project has one, two, and three-bedroom apartments ranging from 868 to 1927 square feet.
Each apartment is designed to maximize natural light and open living spaces. Bedrooms and common rooms are proportioned for everyday living.
The development has an indoor swimming pool, gymnasium, and landscaped gardens. Restaurants serve residents on site, and a children's play area and CCTV security are available.
Sheikh Mohammed Bin Zayed Road connects the site to Dubai and northern emirates, with Emirates Road serving routes toward Ajman. Sharjah city center is within reach, and Dubai International Airport is approximately 30 to 40 minutes away.
Homes
Payment plan
- 10%Down payment
- 30%During construction
- 60%On handover
Amenities
- Indoor pool
- Gym
- Children's play area
- Landscaped gardens
- Restaurants and cafés
- 24-hour security
Construction and dates
- Planned handover
- Q1 2029
Location
About Muwaileh
Alef Group builds apartments in Muwaileh, a residential area of Sharjah.
Palace Residences 2 is a freehold project.
Masterplan
Questions about Palace Residences 2
- What is the price of Palace Residences 2?
Palace Residences 2 starts from AED 1,700,000, as of 24 September 2026. By home: 1 Bed Apartment from AED 1.7M; 2 Bed Apartment from AED 2.1M; 3 Bed Apartment from AED 3.1M.
- Is Palace Residences 2 expensive for Muwaileh?
From AED 1,959 a square foot, against a median of AED 1,189 for 21 new projects in Muwaileh.
- What is the payment plan for Palace Residences 2?
The developer’s payment plan for Palace Residences 2 is 40/60: 10% down payment, 30% during construction and 60% on handover, as of 4 October 2026.
- When is Palace Residences 2 handed over?
Handover is planned for Q1 2029.
- Are there floor plans for Palace Residences 2?
Yes. The floor plans for 1 Bed Apartment, 2 Bed Apartment and 3 Bed Apartment are on this page under Homes.
About Alef Group
Alef Group, established in 2013, develops homes in Sharjah. The company builds apartments, villas, townhouses and penthouses in areas including Muwaileh, Hayyan and Al Mamzar.
Also by Alef Group in Muwaileh: Nama Phase 6, Nama Phase 5, Al Mamsha Hamsa Phase 2, Nama Phase 3, Sawa 1
