Elaya

Under Construction · Date not reported|153 units · 1 tower

Elaya is an under-construction community by NSHMI DEVELOPMENT L.L.C in Town Square, comprising 153 registered units. 163 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,074 per sqft. At AED 1,074 per sqft, Elaya prices 24% below the Town Square median of AED 1,418 per sqft on registered sales.

PIX© price · ↓6.8% YoY

1.19MAED

Typical

1,074AED

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

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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Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 3

…

2 Bed on Floor 3

Size
Record: Apr 2024 to Sep 2026
Owners: 2
Tenants: 0
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	PSF	vs prior	Held	Note
2Owner 2	5 Sep 2026				12 d	Current owner
1Owner 1	1 Apr 2024				2.4 yrs

PIX© Airbnb Calculator

Your nightly rate and occupancy, against this unit’s registered record.

2 Bed · Floor 3

Nightly rateAED

Occupancy (237 nights)

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Elaya1,074AED/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	1.19M	1,074	↓6.8%
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	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
5 Sep 2026	2 Bed	Floor 3	1,166	1,325,000	1,137	+13.7%	Standard	Off-Plan Sale
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

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 compare5 peers could not be placed

This project

Elaya

Compared with

FIA

PIX© PSF

1,094

Rank

#38 of 38

#37 of 38

Typical price

1.16M

Yield

—

Units

153

192

Sales

163

194

Rents

—

Developer

NSHMI DEVELOPMENT L.L.C

Handover

U/C

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	The Diplomat Residences NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	154					183	170
	Grove NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	160					175	—
	The Mayfair NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	244					312	—
	Savannah NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	154					155	—
	Lexington NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	142					138	—
	Kaya NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	164					179	—
	ORA By Nshama Properties NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	157					164	—
	Hillcrest NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	171					163	—
	Hayat Boulevard NSHMI DEVELOPMENT L.L.C · Completed · Off-plan pricing	684					31	1,890
	FIA NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	192					194	—
38	Elaya NSHMI DEVELOPMENT L.L.C · U/C · Off-plan pricing	153	1,094	Subject	1.16M	—	163	—

Community median 1,418 AED/sqft. Showing the closest-ranked peers of 38 ranked projects in the community. 1 community project excluded for insufficient recorded sales. 23 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.

FIAAED 1,115/sqft
Hayat BoulevardAED 1,143/sqft
HillcrestAED 1,170/sqft
ORA By Nshama PropertiesAED 1,210/sqft
KayaAED 1,232/sqft
LexingtonAED 1,260/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 1,074 per sqft, or about AED 1,186,549 for a typical unit, based on 163 sales registered with the Dubai Land Department.

When is Elaya handing over?

Elaya is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Elaya?

Elaya is developed by NSHMI DEVELOPMENT 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 -6.8% over the last 12 months, to AED 1,074, across 163 registered sales.