
Elaya is an impressive development by Nshama, located in the Town Square district. The building consists of a ground level, a podium, and 13 residential floors. It features one-, two-, and three-bedroom apartments with functional layouts and stylish interiors. Large windows and balconies bring in natural light and offer scenic views of the park or surrounding neighborhood. The façade is designed in a modern style with neutral tones, reflecting the elegance of the architecture. Residents of Elaya enjoy a wide range of amenities, including a swimming pool, gym, sports courts, a children’s area with water play features, as well as cafes and restaurants. Just across from the complex lies the expansive Town Square Park, which offers relaxation areas, jogging, walking and cycling paths, and BBQ zones. Town Square is located in the southwestern part of Dubai and benefits from proximity to major city roads, ensuring quick access to key destinations. Expo City and Dubai Hills Mall are 20 minutes away, Burj Al Arab and Dubai Marina are reachable in 25 minutes, and it takes around 30 minutes to get to Dubai Mall and Dubai International Airport.
Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.
Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.
| Benchmark | AED / sq ft | Indicative Ticket | Context |
|---|---|---|---|
| Elaya launch basis | 1,056 | AED 950,000 | Current launch / asking basis |
| Town Square ready-stock comps | 1,500 | AED 1.35M | Indicative resale benchmark |
| Town Square premium peer launches | 1,850 | AED 1.67M | New-launch peer set |
| Trophy alternative proxy | 2,250 | AED 2.02M | Higher-end anchor for negotiation context |














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Astraterra Properties
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Town Square
Elaya by Nshama
Located in Town Square
Starting from AED 950,000
Unit mix includes 1 BR, Apartments
Expected handover: Sep 2026
Official brochure and PDF marketing materials available
Official render/gallery images available
Limited units available · Direct developer pricing · Serious buyer routing
Share your capital range, preferred area or unit type, reservation timeline, and whether you want branded-residence or trophy-level stock. We use that to filter inventory before sending options.
Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae
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