Dubai’s Nshama Launches ‘Safi’, Units From Dhs350,000 In Town Square

Dubai’s Nshama has launched another residential community within its massive Town Square project, it announced on Tuesday.

The collection, called Safi, will feature studios and apartments, with prices starting Dhs349,988 for a studio, Dhs499,988 for a one-bedroom, Dhs699,988 for a two-bedroom and Dhs999,988 for a three-bedroom apartment.

All the units come with tiled floors and sound-proof windows, and the master-bedrooms also have in-built wardrobes and an en-suite bathroom.

Amenities for residents include four fitness centres – one in each block, swimming pools, district cooling and high-speed data connectivity, a statement said.

Residents will also have access to a spa, skate parks, playgrounds, adventure play zones, splash parks, mosques and a local hospital.

Sales for the units will be held on May 2, 2015, the company said.

Safi follows the launch of over 300 units in Zahra Apartments in April this year, priced Dhs349, 988 upwards, and townhouse communities Zahra and Hayat, starting at around Dhs1 million for three-bedroom homes.

Fred Durie, CEO of Nshama, said: “The strong response from end-use buyers for our residences underlines the real market demand for homes that are offered at highly competitive price points.

“We have awarded several construction contracts and Town Square is now taking shape.”

Launched in February 2014, Town Square, set over 31 million sq ft, features 3,000 townhouses and 18,000 apartments in total, and has been slated as a 10-year project, with roughly 3,000 units expected to be launched every year.

Located near Al Barsha, the development will also feature a 2.5 million sq ft retail precinct featuring over 600 stores and F&B outlets, a central square – the size of 16 football fields, a Vida Town Square Dubai hotel, a Reel Cinemas cineplex and open-air cinema.

Amenities include day-care facilities, playgrounds, play zones, swimming pools, fitness centre, athletic spa, skate parks, playgrounds, adventure zones, medical facilities and splash parks.

Established in 2014, Nshama is one of the newest property developers in Dubai and most of its senior management were previously working with Dubai’s biggest developer, Emaar Properties.

Town Square is the company’s first major project.