Naseem is a collection of three and four bedroom townhouses by NSHAMA located in TownSquare Dubai. After successfully launching and selling out the first four phases of townhouses, NSHAMA has launched Naseem. The sales will take place starting Saturday, March 10, 2018.
Prices will start from AED 1,228,888.
NSHAMA has already completed phase 1 townhouses already.
Unit Types & Sizes
- Type 1 (Middle Unit 3 Bedroom + Maid's): 2,219 - 2,241 sq. ft.
- Type 2 (Middle Unit 3 Bedroom + Maid's): 2,131 - 2,153 sq. ft.
- Type 3 (End Unit 4 Bedroom + Maid's): 2,446 sq. ft.
- Type 4 (End Unit 4 Bedroom + Maid's): 2,428 sq. ft.
|5%||June 2018 |
|10%||June 2020 (Upon 40% Construction Completion)|
|50%||December 2020 (Upon 100% Construction Completion)|
About Town Square - NSHAMA
Announced in early March 2015, Town Square is a mega development that is to be built in stages along the intersection of Al Qudra Road and Dubai By-pass Road.
NSHAMA Town Square is a mega development which will eventually have 3,000 townhouses and 18,000 apartments. The 31 million sq. ft. development will be anchored by a central square the size of 16 football fields which will be surrounded by 350 shops, restaurants, cafes and a shaded public plaza.The central square will also host a Vida branded hotel, a REEL Cinema cineplex and an open air cinema. Other facilities in Town Square will include extensive walking and cycling trails, a connection to the Dubai Cycle Track, a proposed Metro-line and Etihad Rail. According to press-releases, NSHAMA are in talks with school and clinic operators.
In March and May of 2015, NSHAMA launched two phases of townhouses called Zahra & Hayat - each phase offering various types of 3 & 4 bedroom townhouses. Prices of these townhouses ranged from AED 1.0 - 1.4 million for the 3 bedroom townhouses and AED 1.4 - 1.7 million for the 4 bedroom townhouses. Both phases were sold out on launch day itself. In September 2016, NSHAMA announced a new phase of townhouses - Safi Townhouses which will consist of 3 & 4 bedroom townhouses to be handed over in 2019. Safi Townhouses were sold out on launch day itself. From mid-2016 on-wards, secondary market transactions for townhouses in Zahra and Hayat have commenced. Buyers can now find units from the secondary market. In November of 2016, NSHAMA launched a fourth enclave of townhouses called Noor which also consists of 3 & 4 bedroom townhouses.
As of March 2018, the following apartment projects have been launched in Town Square:
- Zahra Apartments
- Safi Apartments
- Jenna Town Square
- Warda Town Square
- Zahra Breeze Apartments
- Hayat Boulevard
- Rawda 2
Each of these buildings offers mainly 2 & 3 bedroom apartments of various sizes (except Una, which are only studio and one bedroom apartments).
What is the process of purchasing? Buyers can purchase a townhouse directly from the developer once they have announced the release date. Buyers can also purchase the previously launched townhosues from the secondary market in either the Zahra or Hayat phase. As of March 2018, various options are available for buying apartments in different buildings within Town Square. Our representatives will be happy to assist you in this regard. At the time of issuing the booking deposit, the buyer will also have to pay a 4% Oqood (Land Department Title Registration) Fee.
Is Town Square a good buying proposition? For townhouses, Town Square remains pretty much the most affordable option in Dubai, even when purchasing from the secondary market and paying premiums. Apartment are a decent investment as well.
The community is mainly geared towards 2 & 3 bedroom units, however NSHAMA has recently launched a new building concept, which will feature only studios and one bedrooms. There are various sizes and layouts in each of these buildings. As an example, 2 bedroom apartments can range in size between 800 - 1,200 sq. ft. Typically, starting prices for the smaller 2 bedroom units is from AED 850,000. This kind of purchase will give buyers a strong rental yield.
Dubai Land Classification & Escrow Account Details:
Land Number: 236
Project Number: 1936
Real Estate Developer: NSHAMA
Trust Account Number: 00111033350013
Account Trustee Name: NOOR BANK
RERA Permit No : 15128
Brokerage Firm: Taktical Realty Group LLC