Dubai’s Nshama Launches Dhs1m Townhouses In New Mega Project
Dubai-based Nshama, the private developer which recently launched Town Square, a mega mixed use development in the emirate, has launched 300 units from the first phase for sale. Three and four bedroom units in the Zahra Townhouses community, located on the northern side of the 750-acre development, will be priced from Dhs999,888 onwards, the company announced. The three-bedroom units are spread across 200 to 208sqm, while the four bedroom townhouses are sized at 225sqm. The townhouses have a private rear garden, room for domestic help, open bistro kitchen layout and covered garage.
“Our aim is to target residents earning between Dhs20,000 to Dhs35,000 per month who are now renting property,” said Fred Durie, CEO of Nshama.
The first phase of the project is anticipated to cost around Dhs1 billion, Durie said, with delivery of the first units set to begin in Q3 or Q4 2017.
However, he refused to divulge the cost of the entire development. Nshama owns the entire 750-acre site, although officials did not reveal how the company acquired it. Featuring 3,000 townhouses and 18,000 apartments, the overall Town Square development has been slated as a 10-year project, with roughly 3,000 units expected to be launched every year.