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Off-planKeys were due Sep 2026 (may be out of date)

Elaya

New homes in Elaya start at AED 730,888; the keys were due Sep 2026; you pay 10% to book, 50% while it is built and 40% at the keys.

Keys: Sep 2026; The developer's handover date. It has passed and may be out of date, so ask us for the current one.
Payment plan: 10 / 50 / 40; 10% to book, 50% while it is built, 40% at the keys
Bedrooms: 1 to 3 beds
Sizes: 613 to 1,529 sq ft
Ownership: Freehold
Property types: Apartment
Registration fee: 4% of the price; Paid to the Dubai Land Department

Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.

From price per sq ft: AED 1,192 per sq ft; At the smallest size listed
RERA project: 2986; Check it in Dubai REST, the Dubai Land Department's official app.
Built: 6%; Being built. DLD register, Jun 12, 2026
Escrow account: بنك أبوظبي الأول ش.م.ع.; The bank that holds your payments
Registered homes: 153; In 1 buildings

Paying for it

You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.

Show the amounts for a price of

When	Stage	Share	Amount
When you book	Booking	10%	AED 73,089
As it is built	While it is built	50%	AED 365,444
At the keys (Sep 2026)	Keys	40%	AED 292,355

Booking payment, 10%: AED 73,089
Dubai Land Department fee (Oqood), 4%: AED 29,236
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.: AED 102,325

The handover date (Sep 2026) is too close or already past to estimate the dates. Ask us for the developer's current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.

Before you buy

Pay into the project's escrow account only.: This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Check the developer's record.: The Dubai Land Department project register lists 11 finished projects by this developer since 2020. 11 of the 11 were finished by the completion date DLD holds now. DLD replaces that date when a project is given more time and keeps no earlier dates, so this can't show which ones ran late.
Budget for the service charge.: Buildings in this area paid a median of AED 14 per sq ft a year in 2023, from 10 buildings on the Dubai Land Department register. For the smallest home (613 sq ft) that is about AED 9,000 a year.
Register the sale with Oqood.: The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.

Is the price fair?

Dubai Land Department recorded 150 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Town Square, from Oct 20, 2025 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.

Too few similar homes in Elaya sold in 24 months, so we compare with off-plan sales across Town Square.

Median price AED 1,851 per sq ft

AED 1,666 per sq ftAED 2,101 per sq ft

This project AED 1,192 per sq ft, below every sale

Half of the sales sold for AED 1,817 to AED 1,882 per sq ft

The median is the middle sale: half sold for less, half for more.

Show as table

Price per sq ft	Sales
AED 1,666 to AED 1,720 per sq ft	5
AED 1,720 to AED 1,775 per sq ft	7
AED 1,775 to AED 1,829 per sq ft	35
AED 1,829 to AED 1,883 per sq ft	68
AED 1,883 to AED 1,938 per sq ft	28
AED 1,938 to AED 1,992 per sq ft	0
AED 1,992 to AED 2,047 per sq ft	0
AED 2,047 to AED 2,101 per sq ft	7

The 3 closest sales

Picked from the 150 similar sales above, closest in size to this project's smallest home.

Oct 2026AED 1,125,888AED 1,838 per sq ftEvelyn on the Park, 613 sq ft
Oct 2026AED 1,150,888AED 1,879 per sq ftEvelyn on the Park, 613 sq ft
Sep 2026AED 1,125,888AED 1,838 per sq ftEvelyn on the Park, 613 sq ft

Sale prices from Dubai Land Department, Oct 20, 2025 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.

What similar homes sold for

The median price of off-plan homes with the same number of bedrooms that sold in Town Square in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.

Type	Off-plan median	Sales	Against similar sales
1-bed apartmentFrom AED 730,888 here	Off-plan medianAED 1,118,000AED 1,752 per sq ft	Sales428	Price far from 150 similar sales
2-bed apartment	Off-plan medianAED 1,587,000AED 1,638 per sq ft	Sales609
3-bed apartment	Off-plan medianAED 2,469,000AED 1,646 per sq ft	Sales73

Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.

Rent and yield

Gross yield at the from price: 8.2%
Typical for similar ready homes: 7.6%
Median rent of 1-bed apartments in Town Square: AED 60,000 a year
Rent contracts counted: 940
Rented between: Apr 1, 2025 and Mar 31, 2026

1-bed apartment: AED 60,000 a year
2-bed apartment: AED 90,000 a year
3-bed apartment: AED 125,000 a year

Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 60,000 ÷ AED 730,888 = 8.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.

Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.

On your doorstep

Jebel Ali School2.6 km, 5 min driveSchool
Ranches Primary School2.6 km, 8 min driveBritish school
Dwight School Dubai6 km, 17 min driveIB school
Arabian Ranches Community Center5.6 km, 11 min driveMall
Trump International Golf Club, DAMAC Hills3.9 km, 14 min driveGolf
Central Park (under construction)950 m, 16 min walkPark

Straight-line distance; minutes by road or on foot from OpenStreetMap routing, or estimated where the route is unknown. Places © OpenStreetMap contributors. School curricula from KHDA.

About Elaya

Elaya is a Nshama apartment building in Town Square with one- to three-bedroom homes from AED 730,888. The listed handover date of September 2026 has passed and may be out of date, so ask for the completion certificate and the confirmed handover date before you pay.

The listing gives September 2026 for handover, two months ago, so the date may be out of date. Ask Nshama whether the building has its completion certificate and the real handover date.

The price check for this project isn't reliable enough to quote. Check what the from price buys before comparing.

The plan is 10% on booking, 50% during construction and 40% at handover. At the from price that is about AED 73,100 to book, then about AED 365,400 during the build and AED 292,400 at handover. Ask when the 50% construction payment falls due. Separately, the 4% DLD fee comes to about AED 29,200; ask when it is due.

Homes have one to three bedrooms, one bedroom at about 614 sq ft, two at about 1,016 sq ft and three at about 1,530 sq ft. Homes have fully fitted kitchens, glazed porcelain floors and built-in wardrobes. A landscaped courtyard holds a pool and children's play areas, and the community has jogging and cycling paths, cafes and shops. A polyclinic is about 1.1 km away and Jebel Ali School and Ranches Primary School are each about 2.6 km. The nearest metro, Jumeirah Golf Estates, is about 11.8 km away, around 26 minutes by car.

The developer

Nshama

See every project by Nshama

Other projects by Nshama

Floor plans

The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.

1 BR
2 BR
3 BR

How prices moved

Median price of 1-bed apartments in Town Square, over the 12 months to each dateUp 40% from Dec 2024 to Sep 2026.

Dec 2024AED 1,252 per sq ft

Sep 2026AED 1,752 per sq ft

Show as table

12 months to	Median price	Sales
Sep 2026	AED 1,752 per sq ft	428 sales
Jun 2026	AED 1,708 per sq ft	555 sales
Mar 2026	AED 1,616 per sq ft	668 sales
Dec 2025	AED 1,548 per sq ft	627 sales
Sep 2025	AED 1,495 per sq ft	552 sales
Jun 2025	AED 1,404 per sq ft	554 sales
Mar 2025	AED 1,289 per sq ft	695 sales
Dec 2024	AED 1,252 per sq ft	762 sales

Off-plan sales registered with the Dubai Land Department.

Questions about this project

When is handover?

The listed handover date of September 2026 has passed and may be out of date. Ask Nshama for the completion certificate and the confirmed handover date.

What does each payment step cost?

At the from price: about AED 73,100 on booking, AED 365,400 during construction and AED 292,400 at handover. Separately, the 4% DLD fee comes to about AED 29,200; ask when it is due.

How much space do I get?

One bedroom is about 614 sq ft, two about 1,016 sq ft and three about 1,530 sq ft.

What is in the building and around it?

A courtyard pool and children's play areas, with jogging and cycling paths, cafes and shops in the community.

How far are the metro and schools?

The nearest metro is about 11.8 km away, around 26 minutes by car, and the nearest schools are about 2.6 km away.

Can foreigners buy here?

Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.

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