Odessa
Off-Plan

Odessa

From AED 2.51M·Handover Dec 2027·10% down payment Payment
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AED 2.51M
Starting Price
Dec 2027
Handover
10% down payment
Payment Plan
3 BR · Apartments
Type

Project Overview

Odessa is a modern residential complex by the developer Nshama, located in the Town Square district. The architectural concept includes a ground level with a stylish lobby, two parking levels, and 13 residential floors. The complex stands out with its clean lines and large windows, emphasizing a contemporary style while allowing plenty of natural light. The facade harmonizes with the greenery, offering a balance of urban living and nature. Odessa features one-, two-, and three-bedroom apartments, as well as spacious three-bedroom duplexes. Interiors prioritize practicality, with bright living rooms, stylish bedrooms with porcelain stoneware flooring, and functional kitchens with built-in appliances. Residents enjoy a variety of amenities: a large leisure pool, a modern gym, barbecue areas, and children's playgrounds. Nearby, Town Square Park offers green spaces, cycling paths, and jogging tracks. Shops, cafés, a fitness club, and a veterinary clinic are all within walking distance, ensuring everyday convenience. The complex is ideally located for access to Dubai’s key attractions: just 24 minutes to Dubai Mall and 20 minutes to Dubai Hills Mall. Proximity to Al Qudra Road allows easy access to major highways, ensuring great connectivity.

Project Specifications
DeveloperNshama
LocationTown Square
Unit Types3 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 108,388 / year
Cash-on-Cash
2.2%
Levered cashflow AED 25,496
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 163,273 / 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
Odessa launch basis2,791AED 2.51MCurrent 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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Odessa official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from Nshama.

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Payment Structure

10% down payment

Flexible Payment

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Amenities & Lifestyle

BBQ
Basketball court
Bike path
Dining outlets (coffee houses & restaurants)
Dog walking area
Football field
Jogging tracks
Kids Play Area
Kids splash pad
Landscaped park
Laundry
Leisure areas
Lift
Lobby
Paddle court
Pets Allowed
Recreational areas
Retail outlets
Shared Pool
Shared gym & fitness
Sports ground
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

Odessa by Nshama

02

Located in Town Square

03

Starting from AED 2,511,888

04

Unit mix includes 3 BR, Apartments

05

Expected handover: Dec 2027

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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