Town Square
Town Square Zahra
تاون سكوير الزهراءNSHMI DEVELOPMENT L.L.C · Selling since 2015 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · villa complex · 1,197 units · 8 buildings · 320 villas · 41 plots · DLD target completion August 2019
Registered developer: NSHMI DEVELOPMENT L.L.C (DLD no. 1063)
Escrow account with Dubai Islamic Bank · Zoned by Dubai Development Authority (DDA)
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Median per sqft
AED 1,251/sqft
3yr CAGR · resales
+11.4%
Resale record
105 months
Registered resales here span 105 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Town Square Zahra — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Town Square Zahra over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Town Square Zahra itself; the rest are homes of the same size in Town Square, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| 1 bed | AED 780K | AED 65,000/yrsame size in Town Square | 8.3% | 17 |
| 2 beds | AED 1.16M | AED 87,000/yrsame size in Town Square | 7.5% | 61 |
| 3 beds | AED 2.4M | AED 150,000/yrsame size in Town Square | 6.3% | 45 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a 1 bed here reads 10.8% instead of 8.3%, because it prices the home at AED 599.89K — the median across every sale on record — rather than the AED 780K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 4/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| 1 bed | AED 2,510 | AED 62,490 | 8.3% | 8.0% |
| 2 beds | AED 3,743 | AED 83,257 | 7.5% | 7.2% |
| 3 beds | AED 8,091 | AED 141,909 | 6.3% | 5.9% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Town Square Zahra
How much does a home in Town Square Zahra cost?
Over the last twelve months a completed 1-bedroom in Town Square Zahra sold for a median AED 780K (17 ready sales), a 2-bedroom for AED 1.16M (61 ready sales), a 3-bedroom for AED 2.4M (45 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Town Square Zahra?
A 1-bedroom rents for a median AED 65,000/yr (homes of about that size in Town Square, 383 new tenancies), a 2-bedroom rents for a median AED 87,000/yr (homes of about that size in Town Square, 559 new tenancies), a 3-bedroom rents for a median AED 150,000/yr (homes of about that size in Town Square, 725 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Town Square Zahra, so every figure above is the rent for homes of that size in Town Square — the area's rent, not this project's own.
What rental yield does Town Square Zahra give?
Gross yields on completed homes in Town Square Zahra run about 8.3% on a 1-bedroom, 7.5% on a 2-bedroom, 6.3% on a 3-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Town Square Zahra selling off-plan or as resales?
0% of the 133 sales registered in Town Square Zahra in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Town Square Zahra start selling?
The Land Department's register holds 2,543 sales in Town Square Zahra, the earliest registered in 2015. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Town Square median
-8.9%
Priced at or below the area's real median.
Developer track record
8,632 real transactions
7 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
Moderate competitionWhen Town Square Zahra completed in August 2019, 4 other other projects in Town Square were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 13 more other projects in Town Square are still in the pipeline overall.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest supermarket
782 m
Spinneys
Supermarkets
- Spinneys782 m
- Carrefour1.4 km
- Spinneys1.5 km
- Spinneys1.5 km
Parks
- Town Square Park1.1 km
- Mira Oasis 3 Park1.2 km
- Central Park (under construction)1.4 km
Straight-line distances — actual walking or driving routes will be longer. Measured from the centre of Town Square — we couldn't pin this project's exact address, so treat these as area-level, not door-to-door. Places data from OpenStreetMap.
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Buildings in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Town Square
Lana On The Park
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,229/sqft
Rosewell
Unknown developer
AED 1,809/sqft
Camden
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,768/sqft
Fiori
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,683/sqft
Alton
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,796/sqft
Buying in Town Square Zahra?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample