The buddha statue here is the largest buddha statue housed by three storeys and is 39 feet high but is more serene in nature. Shey Palace, the erstwhile royal residence of the Laddakh monarchs, is the main attraction of Shey. The palace offers views of vast expanse of the surrounding valleys.A statue of Padmasambhava, with Dogzang Guru Limbune on either side, stands on the right side of Buddha. Right infront of Buddha a large bowl of wax with a central flame, representive of divinity and purity, continues to burn for complete one year before being replaced by another one. To the right side is the a statue of a blue horseman, Paldan Lamo and to the left is a statue of the red horseman of Chakmen, representing the king of Ladakh
The Murals on the walls depict the 16 Arhats (Worthy Ones who have achieved Nirvana), 8 on each side; two famous disciples of Buddha and Tsong-kha-pa, founder of the Yellow Hat sect of Buddhism.