Zahra Apartments Town Square - NSHAMA Town Square - Dubailand  

Launched in April 2015. Zahra Apartments consists of two blocks (Zahra Apartments 1 and 2). There are a total of 546 apartments which consist of studio, 1, 2 and 3 bedroom units. This was the first apartment project to be delivered in Town Square.

Master Community: NSHAMA Town Square
Property Types Available: Apartments
Location: Dubai Bypass Road, Al Qudra Road
Status: Ready
Year Launched: 2015
Year Completed: 2018
Estimated Completion Date: December 2017
Developer: NSHAMA
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: Low-rise
Life Cycle: Emerging
Special Classification: Residential Building , Residential Building with some retail
Ready Buildings: 2
Under-Construction Apartments: 546

Investment Feasibility & Decision Drivers

Snapshot summary for investing in Zahra Apartments Town Square

Investment Score

Value for Money
85%
Project Uniqueness
80%
Location & Connectivity
70%
Rental Yield Expectation
70%
Capital Growth Expectation
70%
More information on investment scores

Total Score

Synopsis

Sale Status: Developer Sold out. Units available from secondary market.

Payment Plan: No Payment-Plan. Cash or Finance Buyers.

Ideal for: End-Users & Investors

Price Range: AED 800 PSF - AED 850 PSF

Unit Types Available: Apartment

Speak to an Expert Now

What Our Experts Think

The building is now ready and handovers are currently taking place. Limited inventory left direct from the developer and 2 & 3 bedroom from NSHAMA are on offer on the 10-90 payment plan, where buyer needs to pay 10% to receive the keys. The balance 90% is payable over 5 years. The expected ROI is around 7.5 %. These are ready apartments in a fully integrated community on Al Quadra Road, with plenty of green space, parks, and amenities for children and families to enjoy. The community is around 25 min. from Downtown Dubai, 35 min. from the Dubai International Airport, and 30 min. from the Al Maktoum International airport and the EXPO site.

Investment Guide NSHAMA Town Square - Sep 2016

 Published on Sep 22 2016   6,735 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): 84.65% (as of 23 June 2018)

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 

Help us to improve this section