Townhouses sell for under AED1m

05.03.2015
Town Square — located further down the road from Arabian Ranches — will cover 750 acres and feature 3,500 town houses and 18,000 apartments.

One developer in Dubai is attracting attention by offering a “limited” number of three-bedroom units at its newly launched Town Square community at prices just below AED1 million, Gulf News reported.

In all, 300 ‘Zahra’ town houses are being released by Nshama Development and another 700 units will be on offer in the coming week or two.

Town Square — located further down the road from Arabian Ranches — will cover 750 acres and feature 3,500 town houses and 18,000 apartments. The whole project will have a build phase of 10 years, with around 3,000 homes being delivered each year.

The three-bedroom units range from 200 square metres to 208 while the four-beds are 225 square metres. “Zahra has been launched after careful market evaluation — we have identified a strong need from a large segment of the population, who aspire to be homeowners,” said Fred Durie, CEO.

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