About the Developer
NSHAMA is a Dubai-based young and modern developer. The company was founded in 2014 by its CEO Fred Durie, the former chief executive of Emaar International one of the leading developers in the United Arab Emirates.
Town Square Dubai is the flagship master development by NSHAMA and one of the most ambitious projects in Dubai. The project takes an area almost 3 millions square metres that equal to 16 football fields.
This new community is large enough compared to others and even can be considered an independent suburb. This area has facilities such as community centers, retail stores, entertainment areas, parks, and many more.
In the Town Square, property types include studios, 1 to 3-bedroom apartments and townhouses that can be rented and sold. The total number of residential units is 3,000 townhouses and 18,000 apartments.
When it comes to average ROI, it should be noted that studios have higher ROI than other units. In general it is 7,4%. The 2-bedroom apartments come with 6.8% ROI.
1 and 3-bedroom apartments follow in general with the same ROI 6.3% Townhouses offer a return 7.6 % for 3BR units, while 4BR houses have a 6.7% ROI.