New homes in Elaya start at AED 730,888; the keys were due Sep 2026; you pay 10% to book, 50% while it is built and 40% at the keys.
Keys
Sep 2026
The developer's handover date. It has passed and may be out of date, so check the current one with the developer.
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
1 to 3 beds
Sizes
613 to 1,529 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,192 per sq ft
At the smallest size listed
RERA project
2986
Check it in Dubai REST, the Dubai Land Department's official app.
Built
100%
Finished. DLD register, Nov 11, 2026
Escrow account
بنك ابوظبي الأول ش.م.ع
The bank that holds your payments
Registered homes
153
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
When you bookBooking · 10%
Booking
10%
AED 73,089+ AED 29,236 DLD fee
AED 102,325
As it is builtWhile it is built · 50%
While it is built
50%
AED 365,444
AED 467,769
At the keys (Sep 2026)Keys · 40%
Keys
40%
AED 292,355
AED 760,124
Booking payment, 10%
AED 73,089
Dubai Land Department fee (Oqood), 4%
AED 29,236
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 102,325
Total costPrice plus the DLD fee
AED 760,124
The handover date (Sep 2026) is too close or already past to estimate the dates. Ask the developer for its current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Check the developer's record.
The Dubai Land Department project register lists 13 finished projects by this developer since 2020. 11 of the 13 were finished by the completion date DLD holds now. DLD replaces that date when a project is given more time and keeps no earlier dates, so this can't show which ones ran late. We have recorded the completion dates of their 18 projects under way since Jun 12, 2026. None has moved since then.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 149 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Town Square, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in Elaya sold in 24 months, so we compare with off-plan sales across Town Square.
Dubai Land Department recorded 149 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Town Square, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,851 per sq ft
AED 1,671 to AED 1,724 per sq ft
3 sales
AED 1,724 to AED 1,778 per sq ft
7 sales
AED 1,778 to AED 1,832 per sq ft
37 sales
AED 1,832 to AED 1,886 per sq ft
71 sales
AED 1,886 to AED 1,940 per sq ft
24 sales
AED 1,940 to AED 1,993 per sq ft
0 sales
AED 1,993 to AED 2,047 per sq ft
0 sales
AED 2,047 to AED 2,101 per sq ft
7 sales
AED 1,671 per sq ftAED 2,101 per sq ft
This project AED 1,192 per sq ft, below every sale
Half of the sales sold for AED 1,821 to AED 1,882 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,671 to AED 1,724 per sq ft
3
AED 1,724 to AED 1,778 per sq ft
7
AED 1,778 to AED 1,832 per sq ft
37
AED 1,832 to AED 1,886 per sq ft
71
AED 1,886 to AED 1,940 per sq ft
24
AED 1,940 to AED 1,993 per sq ft
0
AED 1,993 to AED 2,047 per sq ft
0
AED 2,047 to AED 2,101 per sq ft
7
The 3 closest sales
Picked from the 149 similar sales above, closest in size to this project's smallest home.
Oct 2026AED 1,125,888AED 1,838 per sq ftEvelyn on the Park, 613 sq ft
Oct 2026AED 1,125,888AED 1,838 per sq ftEvelyn on the Park, 613 sq ft
Oct 2026AED 1,150,888AED 1,879 per sq ftEvelyn on the Park, 613 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Town Square in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 730,888 here
Off-plan medianAED 1,118,000AED 1,752 per sq ft
Sales428
Price far from 149 similar sales
2-bed apartment
Off-plan medianAED 1,587,000AED 1,638 per sq ft
Sales609
3-bed apartment
Off-plan medianAED 2,469,000AED 1,646 per sq ft
Sales73
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
8.2%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
6.8%
Typical gross yield of similar ready homes
7.6%
Median rent of 1-bed apartments in Town Square
AED 60,000 a year
Service charge a year, from the keysThe area median, AED 14 per sq ft from 10 buildings, as of 2023, for the smallest home (613 sq ft)
AED 8,582
Rent contracts counted
940
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 60,000 a year
2-bed apartment
AED 90,000 a year
3-bed apartment
AED 125,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 60,000 ÷ AED 730,888 = 8.2%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Jebel Ali School2.6 km, 5 min driveSchool
Ranches Primary School2.6 km, 8 min driveBritish school
Dwight School Dubai6 km, 17 min driveIB school
Arabian Ranches Community Center5.6 km, 11 min driveMall
Trump International Golf Club, DAMAC Hills3.9 km, 14 min driveGolf
Elaya is a Nshama apartment building in Town Square with one- to three-bedroom homes from AED 730,888. The listed handover date of September 2026 has passed and may be out of date, so ask for the completion certificate and the confirmed handover date before you pay.
The listing gives September 2026 for handover, two months ago, so the date may be out of date. Ask Nshama whether the building has its completion certificate and the real handover date.
The price check for this project isn't reliable enough to quote. Check what the from price buys before comparing.
The plan is 10% on booking, 50% during construction and 40% at handover. At the from price that is about AED 73,100 to book, then about AED 365,400 during the build and AED 292,400 at handover. Ask when the 50% construction payment falls due. Separately, the 4% DLD fee comes to about AED 29,200; ask when it is due.
Homes have one to three bedrooms, one bedroom at about 614 sq ft, two at about 1,016 sq ft and three at about 1,530 sq ft. Homes have fully fitted kitchens, glazed porcelain floors and built-in wardrobes. A landscaped courtyard holds a pool and children's play areas, and the community has jogging and cycling paths, cafes and shops. A polyclinic is about 1.1 km away and Jebel Ali School and Ranches Primary School are each about 2.6 km. The nearest metro, Jumeirah Golf Estates, is about 11.8 km away, around 26 minutes by car.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
2 BR
3 BR
How prices moved
Median price of 1-bed apartments in Town Square, over the 12 months to each dateUp 40% from Dec 2024 to Sep 2026.
Dec 2024AED 1,252 per sq ft
Sep 2026AED 1,752 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,752 per sq ft
428 sales
Jun 2026
AED 1,708 per sq ft
555 sales
Mar 2026
AED 1,616 per sq ft
668 sales
Dec 2025
AED 1,548 per sq ft
627 sales
Sep 2025
AED 1,495 per sq ft
552 sales
Jun 2025
AED 1,404 per sq ft
554 sales
Mar 2025
AED 1,289 per sq ft
695 sales
Dec 2024
AED 1,252 per sq ft
762 sales
Off-plan sales only.
Questions about this project
When is handover?
The listed handover date of September 2026 has passed and may be out of date. Ask Nshama for the completion certificate and the confirmed handover date.
What does each payment step cost?
At the from price: about AED 73,100 on booking, AED 365,400 during construction and AED 292,400 at handover. Separately, the 4% DLD fee comes to about AED 29,200; ask when it is due.
How much space do I get?
One bedroom is about 614 sq ft, two about 1,016 sq ft and three about 1,530 sq ft.
What is in the building and around it?
A courtyard pool and children's play areas, with jogging and cycling paths, cafes and shops in the community.
How far are the metro and schools?
The nearest metro is about 11.8 km away, around 26 minutes by car, and the nearest schools are about 2.6 km away.
Can foreigners buy here?
Yes. The listing gives the ownership as freehold, so foreign buyers can own outright.
