Elaya
Off-Plan

Elaya

From AED 950,000·Handover Sep 2026·Developer payment plan available Payment
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AED 950,000
Starting Price
Sep 2026
Handover
Developer payment plan available
Payment Plan
1 BR · Apartments
Type

Project Overview

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.

Project Specifications
DeveloperNshama
LocationTown Square
Unit Types1 BR, Apartments
AreaTown Square
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

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.

Projected Cap Rate
4.3%
NOI AED 40,993 / year
Cash-on-Cash
2.2%
Levered cashflow AED 9,643
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 61,750 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Elaya launch basis1,056AED 950,000Current launch / asking basis
Town Square ready-stock comps1,500AED 1.35MIndicative resale benchmark
Town Square premium peer launches1,850AED 1.67MNew-launch peer set
Trophy alternative proxy2,250AED 2.02MHigher-end anchor for negotiation context

Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Nshama.

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Payment Structure

Developer payment plan available

Flexible Payment

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Amenities & Lifestyle

BBQ
Basketball court
Bike path
Central A/C
Dining outlets (coffee houses & restaurants)
Football field
Green Lawn (Dog Park)
Jogging tracks
Kids Play Area
Kids splash pad
Landscaped park
Laundry
Leisure areas
Lift
Lobby
Lounge
Mosque
Paddle court
Pets Allowed
Resting Areas
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness
Skate Park
Sleep Over Snug (Nursery)
Social zone
Tennis court
Walking paths

Location

Town Square

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Town SquareTown SquareDubai, UAE

Developer Track Record

01

Elaya by Nshama

02

Located in Town Square

03

Starting from AED 950,000

04

Unit mix includes 1 BR, Apartments

05

Expected handover: Sep 2026

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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Limited units available · Direct developer pricing · Serious buyer routing

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