Nshama
Affordable to mid-market, family communities. Privately held. Its shareholders are not public.
My view
Town Square is one of the more affordable ways into a family community in Dubai. Value is the point, so I am strict about entry price and the travel time in rush hour.
What I check hardest: Real commute times at school-run hours, and rent on completed units.
The facts
- Who owns it
- Privately held. Its shareholders are not public.
- Leadership
- CEO Fred Durie
- Segment (my read)
- Affordable to mid-market, family communities
- Known for
- Town Square Dubai, a 750-acre community
- Town Square
- 750 acres of townhouses and apartments Source
Sources: Gulf News: Nshama looks to fire up Dubai market with sub-Dh1m offer. Sales figures are each company's own or a published ranking, and are not always like for like: some are group-wide, some Dubai only. Check a developer's project registration and escrow with the Dubai Land Department (or the relevant emirate) before you pay anything.
Where Nshama is active
Town Square (3).
Current projects
- CamdenAsk about this project
- Evelyn on the ParkAsk about this project
- Fiori ResidencesAsk about this project
Details come from the developer and change often. Confirm availability, prices, payment plans and handover dates before you act. Locations on the map are shown at community level.
What I check before any Nshama purchase
- The payment plan. What each instalment is tied to, and what happens if a milestone slips.
- The escrow account. That your payments go into the project's regulated escrow account.
- The record. Past handovers on time, build quality and how snagging was handled.
- The numbers. Price per square foot against comparable projects, service charges and likely rent.
- Your exit. Resale rules, any developer approval needed, and fees on the way out. See the fees guide.
Questions I am asked
Is Nshama government-backed, listed or private?
Private. Privately held. Its shareholders are not public.
Where does Nshama have projects?
On my property map Nshama has 3 projects across 1 area, including Town Square.
When are Nshama projects due for handover?
The handover dates the developer has given for these projects run from 2028. Dates are the developer's own timelines and can move, so confirm before acting.
How do I check a Nshama project before buying?
Check the payment plan and what each instalment is tied to, that your payments go into the project escrow account, the developer's record on past handovers, service charges, and whether the price per square foot matches comparable projects. I go through each of these with you before you reserve anything.
Planning to finance this?
Answer three quick questions and GCC Mortgages will come back with what you can borrow and which banks fit, before you commit to anything.
Thinking about a Nshama project?
Tell me your budget, timeframe and objective, and I will tell you honestly which launches fit and which do not, whether or not that ends up being with me.