Elaya by Nshama is a sophisticated residential project positioned in the heart of Town Square Dubai. Crafted to harmonize modern urban lifestyle with the tranquility of nature, Elaya provides a diverse selection of 1, 2, and 3-bedroom apartments. This particular iconic project prioritizes privacy and comfort, showcasing sleek contemporary architecture and high-end interiors that serve as a sanctuary of efficiency and grace.
Each particular residence at Elaya is meticulously designed with premium materials, including glazed porcelain flooring, built-in wardrobes, and fully equipped kitchens with European appliances. Floor-to-ceiling windows ensure living spaces are bathed in natural light while giving picturesque views of the surrounding green landscapes and boulevard. With construction progress already reaching approximately 26% as of late 2025, the project is moving steadily toward its estimated completion in August 2026.
Property Details
| Feature | Details |
| Developer | Nshama Properties |
| Location | Town Square Dubai |
| Property Type | Apartment |
| Starting Price | AED 950,000 |
| Government Fee | 4% DLD Fee |
| Unit Status | Off-Plan (Under Construction) |
| Ownership | Freehold |
| Estimated Completion | August 31, 2026 |
| Views | Town Square Park, Boulevard, and Landscaped Courtyard |
Features & Amenities
| Feature | Details |
| Health & Fitness | State-of-the-art gymnasium, wellness center, and jogging/cycling trails |
| Swimming & Fun | Residential swimming pool, kids’ splash pad, and wave pool |
| Sports Arena | Basketball court, football pitch, tennis courts, and padel courts |
| Family Lifestyle | Indoor/outdoor children’s play areas, carousel, and outdoor cinema |
| Convenience | 250+ retail outlets, diverse dining options, and on-site supermarkets |
| Community Spaces | BBQ areas, landscaped gardens, mosque, and veterinary clinic |
Location & Connectivity
Elaya boasts a strategic location at the intersection of Al Qudra Road (D63) and Emirates Road, making sure of seamless access to Dubai’s major landmarks:
- 05 mins, Town Square Park
- 10 mins, Plantation Equestrian and Polo Club
- 15 mins, Dubai Miracle Garden
- 20 mins, Jebel Ali Racecourse & Expo City
- 25 mins, The Dubai Mall & Downtown Dubai
- 28 mins, Dubai International Airport (DXB)
Payment Plan
| Stage | Percentage | Notes |
| Down Payment | 10% | Due on the booking date |
| During Construction | 40% | Paid in 4 installments (10% each) |
| On Handover | 50% | Final balance due upon 100% completion |
Note: This investor-friendly 50/50 payment structure allows for manageable installments throughout the building phase.
Floor Plans
Unit sizes at Elaya at Town Square Dubai: Modern Luxury by Nshama run from 614 to 1,529 square feet: 1-Bedroom Apartment at 614 sq ft, 2-Bedroom Apartment at 1,016 sq ft and 3-Bedroom Apartment at 1,529 sq ft. These are the developer stated areas. Ask us for the registered size on a specific unit before you offer, because the two do not always agree.
| Unit Type | Size Range (Sq. Ft.) | Key Features |
| 1-Bedroom Apartment | ~614 Sq. Ft. | Open-plan layout with fitted kitchen and balcony |
| 2-Bedroom Apartment | 1,016 to 1,167 Sq. Ft. | Corner units with master en-suite and large living area |
| 3-Bedroom Apartment | ~1,529 Sq. Ft. | Large family homes with maid’s room and storage |
Note: Detailed floor plans and layout variations are available upon request.
Why Invest in Elaya at Town Square
- Proven ROI: Town Square is one of Dubai’s most profitable rental hubs, with 1-bedroom units currently generating an average 8.7% gross yield.
- High Demand Location: Situated within walking distance of Town Square Park, the project appeals to the high-demand family demographic.
- Capital Appreciation: Buying early in the construction phase (currently 26% complete) offers significant potential for value growth by the 2026 handover.
- Golden Visa Eligibility: Properties valued at AED 2M+ (select 3-bedroom units) qualify owners for the UAE Golden Visa.
- Comprehensive Community: Residents benefit from fully operational infrastructure including schools, hospitals (Medcare), and grocery hubs (Spinneys/Carrefour).
FAQs About Elaya
Q1: What is the current construction status of Elaya?
A: Construction is moving swiftly and has reached approximately 26.27% completion as of October 2025.
Q2: Are developer units still available?
A: Currently, developer stock is largely sold out; however, there are approximately 16 premium resale properties available in the project.
Q3: When is the handover scheduled?
A: The estimated delivery date for Elaya is August 31, 2026.
Q4: Is Town Square a freehold community?
A: Yes, Elaya is a freehold development, meaning 100% ownership is available for all nationalities.
Q5: Does the apartment come with parking?
A: Yes, every apartment in Elaya includes at least one allocated parking space within the building.
Contact Cresco Real Estate Today
Would you like me to provide the current list of the 16 available resale properties for Elaya, or would you like to explore similar projects in Town Square like Fiori or Rosewell?
More about Town Square
Read the Cresco area guide to Town Square. Prices, rental yields, handover timelines, schools, commute times and what actually sells there.
Open the Town Square area guide
You may also want to read how buying off plan works and work out the rental yield.
What buyers actually registered in Town Square
Dubai Land Department registered transactions, not advertised asking prices.
Between 30 June 2026 and 18 August 2026, 69 residential sales were registered in Town Square. The median was AED 1,150,000 and the middle half fell between AED 850,000 and AED 1,350,000. This project is advertised from AED 950,000, which sits inside that range.
For the unit type this project leads with, 1 B/R, the registered median in Town Square was AED 820,000 across 17 sales, at AED 1,397 per square foot and a median size of 602 sq ft.
| This project, advertised entry price | AED 950,000 |
| Registered median price, Town Square | AED 1,150,000 |
| Middle half of registered sales | AED 850,000 to AED 1,350,000 |
| Registered median per sq ft | AED 1,313 |
| Registered median unit size | 937 sq ft |
| Share bought off plan | 16% |
| Ready stock, median per sq ft | AED 1,309 from 58 sales |
| Registered residential sales in the period | 69 |
Registered sales by bedroom count in Town Square
| Type | Sales | Median price | Per sq ft | Median size |
|---|---|---|---|---|
| 1 B/R | 17 | AED 820,000 | AED 1,397 | 602 sq ft |
| 2 B/R | 36 | AED 1,220,000 | AED 1,246 | 949 sq ft |
| 3 B/R | 9 | AED 1,875,000 | AED 1,321 | 1,424 sq ft |
Source: Dubai Land Department open data. Registered sales of residential units between 30 June 2026 and 18 August 2026. Mortgages and gift transfers are excluded because they are not arms length sales. Sizes are converted from square metres at 10.7639 sq ft per sq m. The entry price shown for this project is our advertised starting price and is not a registered transaction. Community figures are medians across every project in the community, not this project alone. We do not publish a price per square foot for this project because advertised size ranges are not a reliable basis for that calculation.
What actually transacted in Town Square
Before you judge a launch price, look at what the community around it registered. Over the last twelve months Town Square recorded 4,613 registered rental contracts and 796 ready sales, all filed with the Dubai Land Department. These are signed contracts, not asking prices.
Rent registered at AED 94 per sqft against a ready sale price of AED 1,354 per sqft. That is a gross yield of 6.9% on ready stock in this community.
We use ready sale prices rather than blended prices deliberately. You cannot rent a home that has not been handed over, so an off plan launch price in a yield calculation produces a number that cannot happen.
Registered rents in Town Square moved +8.5 against the twelve months before.
The shorter window disagrees. On the most recent three months of contracts the same community reads -0.8%. Summer seasonality and smaller samples both sit inside that number, but we publish it rather than quote only the figure that flatters the market.
| Unit type | Contracts registered | Average annual rent (AED) | Rent per sqft (AED) | Change vs 12 months earlier |
|---|---|---|---|---|
| Studio | 360 | 42,663 | 125 | +10.7 |
| 1 bedroom | 1,963 | 57,534 | 99 | +8.4 |
| 2 bedroom | 1,903 | 85,207 | 85 | +11.9 |
| 3 bedroom | 384 | 118,503 | 78 | +8.9 |
| All apartments | 4,613 | 72,927 | 94 | +8.5 |
Full Town Square guide · Live Dubai market update · Run these numbers on a specific unit
Data verified 31 August 2026. Dubai Land Department registered transactions via Bayut TruView, rolling 12 months to August 2026.
