By Staff writer
Developer Nshama makes announcement as it unveils first townhouses; says it has seen 'overwhelming demand'
Town Square, the Dubai mega project being developed by Nshama, has unveiled its first townhouses, with the first residents set to move in next year.
At a special preview, Nshama revealed Zahra Townhouses, which it said have been launched to "overwhelming investor response".
Nshama said in a statement that the homes will be ready for occupancy in 2017.
Fred Durie, CEO of Nshama, said: “We have maintained a clear timeline and adhered to it ever since we launched Nshama’s flagship project, Town Square, in 2015.
"As the first affordable lifestyle community in Dubai, it sets industry benchmarks for the standards that we uphold. With every lifestyle amenity in close proximity, Town Square will be a sought-after residential destination in the city, enabling the city’s residents to move from a rental model to owned homes.”
Nshama said it has commenced work on 1,050 townhouses and 1,100 apartments in addition to other infrastructure work.
It added that it has already sold over 2,000 units to date, with new launches being planned soon.
Town Square is anchored by a central square that is the size of 16 football fields. A number of lifestyle choices await residents and visitors such as Vida Town Square Dubai hotel and a Reel Cinemas cineplex and open-air cinema.
Residents are also in easy access of a 2.5 million sq ft retail precinct featuring more than 600 stores and F&B outlets, green trails, outdoors sports courts and cycling tracks, among other amenities.
Town Square also offers day-care facilities, playgrounds, play zones for all ages, swimming pools, fitness centre, athletic spa, interactive water features, skate parks, playgrounds, adventure zones, medical facilities and splash parks.
Nshama said it is providing one-bedroom apartments at AED614,888 and three-bedroom apartments at around AED1 million as well as townhouses for AED999,988.
Located centrally in New Dubai, Town Square is in close proximity to the Arabian Ranches Golf Course, Dubai Polo & Equestrian Club and Al Maktoum International Airport, near the site for the World Expo 2020.