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Tue 29 Nov 2016 01:55 PM

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Dubai's Town Square says to hand over first 2,000 homes in 2017

About 5,000 residences, as part of different neighbourhoods in Dubai mega project, are currently being built

Dubai's Town Square says to hand over first 2,000 homes in 2017

Town Square, the 750-acre development in Dubai, will hand over the first 2,000 homes to customers in 2017, as construction progress continues to stay on track.

With more than 5,000 workers on site, the infrastructure and related works are progressing rapidly, developer Nshama said in a statement.

It added that construction contracts worth over AED3 billion have been awarded to different entities for eight residential projects and for infrastructure work.

About 5,000 residences, as part of different neighbourhoods, are currently being built, and about 2,000 will be handed over by the end of 2017, it added.

The Central Square, which is the size of 16 football fields, is also coming to life. It will feature the Vida Townsquare Dubai hotel and a Reel Cinemas cineplex in addition to a 2.5 million sq ft retail precinct featuring over 600 stores and F&B outlets.

Fred Durie, CEO of Nshama, said: “We are happy to show our customers and potential buyers the construction progress of our freehold property. The value proposition that we put forward is unbeatable. For the first time, customers have the opportunity to shift from a rental model to owned homes in a mega-development with all the modern amenities including hotels, cinemas, leisure outlets and a vibrant central square with a wide choice of retail and F&B.”

He added: “We are working with only the best-in-class contractors and consultants, who have accelerated their workflow using the latest technologies to ensure on-time delivery.”

The key contractors chosen by Nshama include Shapoorji Pallonji, Kier Dubai, Al Naboodah Contracting, Beaver Gulf Group and Binladin Contracting Group. Work on the Zahra Townhouses and Apartments, Zahra Breeze Apartments, Hayat Townhouses, Safi Apartments, Warda and Jenna Apartments and various infrastructure projects.

Durie added: “Across all aspects of the development, we have set clear construction milestones. Town Square will be a proud addition to the residential portfolio of Dubai, made distinctive for its affordability and fascinating lifestyle attractions.”

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khalid 3 years ago

i hope it does not become the new international city type of neighbourhood.

One Guy 3 years ago

Just a quick question, why would anyone want to live in an apartment in the middle of no where? I thought that's what Villas were for?