Zahra Apartments Town Square

Launched in April 2015. Zahra Apartments consists of two blocks (Zahra Apartments 1 and 2). There are a total of 306 apartments which consist of studio, 1, 2 and 3 bedroom units. This will be the first apartment project to be delivered in Town Square.

Property Types Available: Apartments
Location: Dubai Bypass Road, Al Qudra Road
Status: Under Construction
Year Launched: 2015
Estimated Completion Date: December 2017
Developer: NSHAMA
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Low-rise
Life Cycle: Under Construction
Under Construction Buildings: 2
Under-Construction Apartments: 306

Investment Guide NSHAMA Town Square - Sep 2016

 Published on Sep 22 2016   5,937 Views

 Source: LOOKUP.AE

 Category: Investment Guide

A comprehensive look at the Town Square development by NSHAMA.

About Zahra Apartments Town Square

General Guide:

- First apartment project launched in Town Square

- Was launched shortly after the Zahra Townhouses

- There was incredible excitement for this launch as the developer had advertised studios starting from AED 300,000 approximately

- However, as is with all projects launched in Town Square since then (till Oct 2016): the building only had a handful of studio and one bedroom units while the majority building consisted of 2 & 3 bedroom units.

Original Payment-Plan:

10% down

10% in August 2015

10% in December 2015

10% in April 2016

15% in August 2016 (40% construction milestone)

15% in December 2016 (60% construction milestone)

15% in May 2017 (80% construction milestone)

10% in September 2017 (90% construction milestone)

5% on completion (December 2017)

Updated Payment-Plan (As of March 2017):

10% booking

10% Jul 2017

80% 30 Dec 2017

Ramadan 2017 Payment Plan:

- 10% Down Payment

- 10% December 2017

- 80% Upon Handover

Project Completion Status (as per DLD): 78.52% (as of Oct 9, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 33

Project Number: 1637

Real Estate Developer: NSHAMA DEVELOPMENT

Trust Account Number: 00110628660014

Account Trustee Name: NOOR BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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