Olfah 8
Muwaileh Commercial · Alef Group
Off-PlanUnder Construction
Palace Residences 1
Muwaileh Commercial · Sharjah
Starting from
AED 1,700,000
1, 2 & 3 BedroomsFrom 868 sq.ftApartments
About this project
Palace Residences 1 will be a residential development in Sharjah, set within an established urban community environment. The upcoming project by Alef Group in collaboration with Emaar Hospitality will offer spacious 1, 2 and 3-bedroom apartments designed for varied household requirements. It will be arranged to prioritise space, natural light and functional internal planning across each residence.
Residents will have access to a range of shared facilities, including adult and children swimming pools, a landscaped podium with shaded seating areas, fitness and wellness spaces and resident lounges intended for social and leisure use. It will be connected via Sheikh Mohammed Bin Zayed Road (E311), linking Sharjah directly with Dubai through a key intercity route.
Features
- Lobby in Building
- Gym or Health Club
- Swimming Pool
- Kids Play Area
- Cafeteria or Canteen
Run the numbers
Estimated monthly payment
AED 7,368
On a AED 1,360,000 loan over 25 years
Cash required upfront
Down payment20%AED 340,000
DLD transfer fee4% + AED 520AED 68,520
Agency fee2% + VATAED 35,700
Trustee office feeAED 4,200
Mortgage registration0.25% + AED 290AED 3,690
Total upfrontAED 452,110
Indicative figures for guidance only, based on published DLD rates. They are not a mortgage offer, valuation, or financial advice. Speak to our team for a personalised breakdown.
Off-plan is one part of what we do.
Off-plan advisory
Get expert off-plan advice
Our consultants place off-plan across every developer on this list rather than for any one of them, so the recommendation is not decided before you ask. Send us anything on this page, or a project you have been shown elsewhere.
What you get back
- The full cost
- The 4% Land Department transfer fee, the service charge from handover, and the developer's own handover charges. Not the headline price.
- The developer's record
- What they have delivered before, whether it landed on time, and what the finished specification actually committed to.
- The competition
- What else completes in the same community in the same year, because that is what you will be selling or renting against.
- A straight no
- When the numbers do not work, we say so. We would rather place you in something completed than sell you a wait.
Working across Emaar, DAMAC, Nakheel, Sobha, Ellington, Arada and Modon