NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C

Elaya

Under Construction · 6%|153 units · 1 building

Alerts: Get notified of every new DLD-registered sale and rental contract.

Elaya is an under-construction apartment development by NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C in Town Square, Al Yelayiss 2, comprising 153 registered units. 163 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,082 per sqft. At AED 1,082 per sqft, Elaya prices 23% below the Town Square average of AED 1,409 per sqft on registered sales.

PIX© price · ↓7.0% YoY

1.20MAED

Typical

1,082AED

PSF

Gross yield

Awaiting handover

PIX© rent ÷ PIX© price

Sale records

163

DLD · all time

Rent contracts

Awaiting handover

Ejari · all time

SATELLITE

LocationTown Square in Al Yelayiss 2

Drive times · typical

Downtown Dubai28 min · 29.6 km

DXB Airport33 min · 41.4 km

DIFC33 min · 33.6 km

Dubai Marina28 min · 28.4 km

Palm Jumeirah31 min · 30.2 km

Nearest · straight-line

Metro stationJumeirah Golf Estates Metro Station 112.6 km

MallTown Square Community Center1.1 km

SchoolSkateraati - Townsquare0.5 km

HospitalMedcare Medical Centre, Town Square Dubai0.8 km

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Elaya1,082AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY
PIX© Core Project-Wide 614 – 2,580 sqft	153	1.20M	1,082	↓7.0%
1 Bed · Apartment 614 – 1,121 sqft	61
2 Bed · Apartment 1,016 – 2,580 sqft	78
3 Bed · Apartment 1,530 – 2,530 sqft	14

No rental contracts registered — the project has not handed over.

Sales — Project-Wide163 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Unit	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
1 Aug 2026	2 Bed	Floor 3	1,016	1,280,000	1,260	+12.9%	Standard	Off-Plan Sale
9 Jul 2026	1 Bed	Floor 1	864	820,000	949	+1.6%	Standard	Off-Plan Sale
26 Feb 2026	1 Bed	Floor 11	614	865,000	1,408	+15.2%	Standard	Off-Plan Sale

Rentals — Project-Wide

PIX© rent analysis

No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare7 peers could not be placed

This project

Elaya

Compared with

Hayat Boulevard

PIX© PSF

1,124

Rank

#28 of 31

#27 of 31

Typical price

1.15M

Yield

—

Units

153

684

Sales

163

Rents

—

810

Developer

NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C

NSHMI DEVELOPMENT L.L.C

Handover

U/C

2020

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Savannah NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · Due 2027 · Off-plan pricing	154					153	—
	The Mayfair NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	242					309	—
	Grove NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	378					413	—
	Ora NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	157					163	—
	Kaya NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	164					177	—
	Hillcrest NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · Due 2027 · Off-plan pricing	171					163	—
	Hayat Boulevard NSHMI DEVELOPMENT L.L.C · 2020 · Off-plan pricing	684					33	810
28	Elaya NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	153	1,124	Subject	1.15M	—	163	—
	FIA NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C · U/C · Off-plan pricing	192					196	—
	Zahra NSHMI DEVELOPMENT L.L.C · 2019 · Off-plan pricing	1,207					21	1,553
	Jenna And Warda NSHMI DEVELOPMENT L.L.C · 2019 · Off-plan pricing	729					46	795

Community median 1,391 AED/sqft. Showing the closest-ranked peers of 31 ranked projects in the community. 6 excluded for trading only in the ready market. 4 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Town Square

The closest-priced registered projects in Town Square.

HayatAED 1,069/sqft
Jenna And WardaAED 1,054/sqft
Rawda ApartmentsAED 1,143/sqft
KayaAED 1,146/sqft
FIAAED 1,159/sqft
HillcrestAED 1,170/sqft

Common questions about Elaya

Answered from Dubai Land Department registered transactions.

How much does a property in Elaya cost?

Property in Elaya sells at a current PIX© price of AED 1,082 per sqft, or about AED 1,204,971 for a typical unit, based on 163 sales registered with the Dubai Land Department.

When is Elaya handing over?

Elaya is under construction, and is 6% complete against the Dubai Land Department's reported progress.

Who is the developer of Elaya?

Elaya is developed by NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Elaya?

Elaya holds 153 registered units, per the Dubai Land Department unit register.

Have prices in Elaya gone up or down?

Price per sqft has fallen -7.0% over the last 12 months, to AED 1,082, across 163 registered sales.