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Sat 2 May 2015 09:41 AM

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Nshama launches sales on new $95k Dubai apartments

Developer behind Town Square mega project unveils Safi apartments; go on sale on Saturday

Nshama launches sales on new $95k Dubai apartments

Nshama, the developer behind Dubai's Town Square mega project, has announced it is to launch a new range of apartments costing from just over $95,000.

Safi Apartments is the latest collection of homes to be launched in the 750-acre mixed-use development and will go on sale on Saturday.

Featuring studios and 1, 2 and 3-bedroom apartments, Safi prices start at AED349,988 ($95,287) for a studio and go up to AED999,988 for a three-bedroom apartment.

Town Square is the flagship project of Nshama and will be anchored by a central square that is the size of 16 football fields.

It features a range of lifestyle choices including the Vida Town Square Dubai hotel and a Reel Cinemas cineplex and open-air cinema. There will also be a 2.5 million retail precinct featuring more than 600 stores and F&B outlets, green trails, outdoors sports courts and cycling tracks.

The launch of Safi Apartments follows what Nshama describes as the "overwhelming response" to the launch of Zahra and Hayat Townhouses and Zahra Apartments.

Fred Durie, CEO of Nshama, said: "The strong response from end-use buyers for our residences underlines the real market demand for thoughtfully designed homes that are offered at highly competitive price points."

He added: "We have awarded several construction contracts and Town Square is now taking shape. Safi Apartments offers another remarkable opportunity, especially for first-time home-owners and families to build their future in one of Dubai's stylish, vibrant and youthful neighbourhoods."

Safi Apartments will have amenities including four fitness centres, one in each block, and swimming pools.

Town Square is located in New Dubai near Al Barsha and will feature over 3,000 townhouses and over 18,000 apartments as well as substantial retail, hospitality and commercial space.

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