
Town Square
اليلايس 2officially Al Yelayiss 2
Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in Town Square was AED 1,392/sqft over the 30 days to 7 October 2026, from 115 sales recorded so far.
AED 1,392/sqft
30 days to 7 October 2026 · 115 sales
+76.4%
+7%
53%
12 months to 7 October 2026 · 2,087 sales
6.6%
Ready homes, 12 months to 7 October 2026 · 981 sales · 2,887 new lets
104
All years, 2017–2026 · 6,234 resales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
A typical residential sale here was AED 1,430,888 for about 942 sqft in the 12 months to 7 October 2026 (2,087 sales); across all 19,491 recorded sales the typical price is AED 1,188,888.
Ready-home prices here have moved +76.4% across the 108 months (Oct 2017 – Oct 2026) of Land Department records we hold. That is a pace of +7% a year if it kept going.
That is all 108 months of records for this area, shown as a yearly pace. It averages over every rise and fall in that time, so it describes the long run rather than the market today. Treat it as history, not a forecast.
Off-plan and ready are different markets
Off-plan
AED 1,681/sqft
1,106 sales, 12 months to 7 October 2026
AED 997/sqft
13,264 sales since 2013
Ready
AED 1,350/sqft
981 sales, 12 months to 7 October 2026
AED 994/sqft
6,227 sales since 2013
In the 12 months to 7 October 2026, across 2,087 sales (1,106 off-plan, 981 completed homes), off-plan sold 25% above completed homes here.
Across every recorded sale since 2013, off-plan sold 0% above completed homes here.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What each size costs in Town Square
Typical size and price for every bedroom count. A size with at least 15 recorded sales is well evidenced; a size with fewer is still shown, with a red (i) and the number of sales behind it. The Dubai Land Department records the number of bedrooms on nearly every sale, so these figures come from real sales, not estimates. The main price is for the last 12 months. The typical price across every sale on record sits under it.
Rent: the typical rent on new lets, matched by bedrooms or by size.
Apartments
| Size | Typical floor area | Price, last 12 months · ready and off-plan | Per sqft, all years | Typical rent | Sales, all years |
|---|---|---|---|---|---|
| Studio | 336 sqft | AED 560,000 64 sales all years AED 454,888 | AED 1,341/sqft | AED 45,000/yr 198 rent contracts | 641 |
| 1 bed | 636 sqft | AED 1,040,888 649 sales all years AED 741,888 | AED 1,209/sqft | AED 64,000/yr 797 rent contracts | 4,644 |
| 2 beds | 975 sqft | AED 1,525,000 931 sales all years AED 1,100,000 | AED 1,046/sqft | AED 90,000/yr 817 rent contracts | 6,270 |
| 3 beds | 1,451 sqft | AED 2,316,888 143 sales all years AED 1,497,888 | AED 923/sqft | AED 125,500/yr 150 rent contracts | 1,481 |
| 4 beds | 2,317 sqft | AED 2,685,000 2 sales all years AED 2,100,000 | AED 909/sqft | — | 13 |
Villas and townhouses, as the Land Department records them
| Size | Typical floor area | Price, last 12 months · ready and off-plan | Per sqft, all years | Typical rent | Sales, all years |
|---|---|---|---|---|---|
| 3 beds | 2,023 sqft | AED 2,850,000 199 sales all years AED 1,450,888 | AED 697/sqft | AED 150,000/yr 727 rent contracts | 4,815 |
| 4 beds | 2,922 sqft | AED 3,500,000 76 sales all years AED 1,751,888 | AED 589/sqft | AED 180,000/yr 228 rent contracts | 1,627 |
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
What exists here, and who may own it
Most figures on this page are about sales and rents. This one counts what exists, not what sold: the units on the Land Department’s register.
Units on record
12,467
In Town Square, from the Land Department's register of flats.
Freehold
100%
Every unit in Town Square with a recorded type is freehold, so foreign ownership is permitted throughout.
Typical size
891 sqft
Typical size of the 12,467 units that record one.
By size of home
No villas in this register.
Dubai Land Department · unit register The Land Department's unit register · counts, not valuations. File dated 8 Oct 2026 · synced 9 Oct 2026.
Villas on the Land Department's register in Al Yelayiss 2
The Land Department files these villas under its area Al Yelayiss 2, which this page covers as Town Square. Every villa record in that Land Department area is counted.
The Land Department's buildings file lists 3,792 villas in Al Yelayiss 2; 0 of them stand alone on a plot in the land register with both sizes recorded, which is fewer than the 30 needed, so no plot band is shown.
In the Land Department's buildings file dated 5 Oct 2026 and in the Land Department's land register dated 10 Oct 2026.
Dubai Land Department · building register The Land Department's buildings file · each villa record's built-up area and bedrooms, as recorded. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · land register The Land Department's land register · the plot a villa stands alone on, as the Municipality measures it · no owner. File dated 10 Oct 2026 · synced 11 Oct 2026.
Rental market
From 6,226 Ejari rent contracts , last 12 months. These are the rents tenants agreed to pay, not advertised rents.
Typical yearly rent
AED 90,000/yr
for ~979 sqft
Rent per sqft
AED 82/sqft
per year
Renewals
54%
of contracts
Contracts
6,226
last 12 months
What it costs to rent here
Typical yearly rent, by size of home. Each group's bars are measured against its own largest rent.
Apartments
- StudioAED 45,000/yr
- 1 bedAED 64,000/yr
- 2 bedsAED 90,000/yr
- 3 bedsAED 125,500/yr
Villas and townhouses, as the Land Department records them
- 3 bedsAED 150,000/yr
- 4 bedsAED 180,000/yr
Matched by number of bedrooms where Ejari records one (most contracts do), and by floor area where it does not. The table below says which for each row. Renewing tenants pay about 13% less per sqft than someone signing a new lease here.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Town Square over the same twelve months. Rents come from Ejari rent contracts and prices from recorded sales. Off-plan sales are left out of the price, because rent is paid on built homes and off-plan sells at a premium.
Apartments
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| Studio | AED 560K | AED 45,000/yrby bedroom · 198 new lets | 8.0% | 60 |
| 1 bed | AED 845K | AED 64,000/yrby bedroom · 797 new lets | 7.6% | 226 |
| 2 beds | AED 1.32M | AED 90,000/yrby bedroom · 817 new lets | 6.8% | 335 |
| 3 beds | AED 2M | AED 125,500/yrby bedroom · 150 new lets | 6.3% | 69 |
Villas and townhouses, as the Land Department records them
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| 3 beds | AED 2.85M | AED 150,000/yrby bedroom · 727 new lets | 5.3% | 199 |
| 4 beds | AED 3.5M | AED 180,000/yrby bedroom · 228 new lets | 5.1% | 76 |
The highest yield before costs here is on a studio at 8.0%. Studio apartments here yield more than 3-bedroom apartments: 8.0% against 6.3%.
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price. In a market that has risen as far as Dubai’s, the average is a historical price. Worked out with the typical price across every sale on record (AED 454.89K), a studio here reads 9.9% instead of 8.0%. The yield in the table above uses the AED 560K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from the typical owners’ association budget in this area — AED 5/sqft across 12 projects, recorded for 2021–2026 (8 for 2026). Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| Apartments | ||||
| Studio | AED 1,514 | AED 43,486 | 8.0% | 7.8% |
| 1 bed | AED 2,862 | AED 61,138 | 7.6% | 7.2% |
| 2 beds | AED 4,386 | AED 85,614 | 6.8% | 6.5% |
| 3 beds | AED 6,530 | AED 118,970 | 6.3% | 5.9% |
| Villas and townhouses, as the Land Department records them | ||||
| 3 beds | AED 9,102 | AED 140,898 | 5.3% | 4.9% |
| 4 beds | AED 13,148 | AED 166,852 | 5.1% | 4.8% |
Only the service charge is taken off.
A separate reserve-fund line appears in 12 of the 12 project budgets counted together here; the middle of those is AED 0.6/sqft.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Town Square
How much is rent in Town Square?
The typical rent (the median: half of the rent contracts were above this, half below) in Town Square is AED 45,000/yr for a studio, AED 64,000/yr for a 1-bedroom, AED 90,000/yr for a 2-bedroom and AED 125,500/yr for a 3-bedroom. These rents come from the rent contracts recorded in Ejari (Dubai's rent registration system) in Town Square over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Each rent is matched to homes by bedroom count where Ejari records one, which most contracts do, and by floor area where it does not. Each row on this page says which.
How much do properties cost in Town Square?
The typical price (the median: half sold for more than this, half for less) for residential sales in Town Square was AED 1,392/sqft over the 30 days to 7 October 2026, from the 115 sales recorded so far for those days. Late records are still arriving, so that count can grow. Over the 12 months to 7 October 2026, homes here typically sold for about AED 1.43M and measured about 942 sqft (2,087 sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices.
What rental yield does Town Square give?
The yield before costs on ready homes in Town Square is about 8.0% on a studio apartment, 7.6% on a 1-bedroom apartment, 6.8% on a 2-bedroom apartment and 6.3% on a 3-bedroom apartment. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Studio apartments here yield more than 3-bedroom apartments: 8.0% against 6.3%. Service charges, agency commission and empty periods are not taken off, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Town Square freehold?
Yes. Every unit in Town Square whose ownership type is recorded in the Land Department's register is freehold, so foreign nationals may own property here outright. The register holds 12,467 units for the area.
How have property prices in Town Square changed over the last two years?
The typical price (the median: half sold for more than this, half for less) of ready homes in Town Square was AED 1,332/sqft in Q3 2026 (201 sales), against AED 1,133/sqft in Q4 2024 (313 sales). That is a change of +17.6% across those quarters. By quarter, the typical price of ready homes was AED 1,133/sqft in Q4 2024, AED 1,229/sqft in Q1 2025, AED 1,264/sqft in Q2 2025, AED 1,334/sqft in Q3 2025, AED 1,334/sqft in Q4 2025, AED 1,383/sqft in Q1 2026, AED 1,355/sqft in Q2 2026 and AED 1,332/sqft in Q3 2026. Off-plan sales had a typical price of AED 1,542/sqft in Q3 2026 (143 sales) and are never counted together with ready homes here. These are typical prices of recorded sales, not a price index: a quarter's move against the one before it partly reflects which homes sold, and sales for Q3 2026 are still being recorded.
Is Town Square mostly off-plan or completed homes?
53% of the 2,087 sales recorded in Town Square in the 12 months to 7 October 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. The two sell at different prices, so one price per square foot for both together would describe neither.
Prices by quarter, Q4 2024 to Q3 2026
Typical sale price per sqft in Town Square, by calendar quarter of the sale date, with ready homes and off-plan sales kept apart. Only complete quarters are shown. A quarter with 60 or more sales is well evidenced; one with fewer is still shown, with a red (i) and the number of sales, and no change against a year earlier is worked out from it.
| Quarter | Ready homes · typical price per sqft | vs a year earlier | Off-plan · typical price per sqft |
|---|---|---|---|
| Q4 2024 | AED 1,133/sqft313 sales | +16.1% | AED 1,351/sqft326 registrations |
| Q1 2025 | AED 1,229/sqft242 sales | +23.7% | AED 1,433/sqft380 registrations |
| Q2 2025 | AED 1,264/sqft284 sales | +23.9% | AED 1,486/sqft385 registrations |
| Q3 2025 | AED 1,334/sqft347 sales | +26.2% | AED 1,533/sqft393 registrations |
| Q4 2025 | AED 1,334/sqft311 sales | +17.7% | AED 1,657/sqft404 registrations |
| Q1 2026 | AED 1,383/sqft282 sales | +12.5% | AED 1,763/sqft415 registrations |
| Q2 2026 | AED 1,355/sqft199 sales | +7.2% | AED 1,645/sqft160 registrations |
| Q3 2026still being recorded | AED 1,332/sqft201 sales | -0.2% | AED 1,542/sqft143 registrations |
Ready-home typical price +17.6% from Q4 2024 (AED 1,133/sqft, 313 sales) to Q3 2026 (AED 1,332/sqft, 201 sales).
Q3 2026 holds 201 ready sales against about 264 in each of the three quarters before it: sales for it are still being recorded, and its typical price will settle in later months.
The typical price moves with the mix of homes that sold, not only with prices.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Typical price per sqft, month by month
Ready and off-plan together · the newest month is still filling up.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Mortgage registrations in Town Square
There were 1,334 mortgage registrations here in the 12 months to 7 October 2026. That is the date of the newest mortgage registration in our Dubai-wide records. These count registrations, not buyers. The register records each loan on its own and does not link it to a sale, so we cannot tell you what share of purchases were paid for with a mortgage.
- 1,033 new registrations
- 226 delayed, on off-plan
- 29 modifications
- 16 lease finance
- 3 portfolio registrations
- 27 other types
A modification or a transfer is not a new purchase.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Valuations recorded here
Counted from the Land Department's valuations file dated 10 Oct 2026, over the 12 months to 9 Oct 2026.
- Fewer than 20 valuations of flats were recorded in Town Square in the 12 months to 9 Oct 2026, so Keyva shows no count.
- Fewer than 20 valuations of villas were recorded in Town Square in the 12 months to 9 Oct 2026, so Keyva shows no count.
A valuation here is an appraisal recorded with the Land Department. It is not a price anyone paid, and the file does not say why each one was recorded. Keyva shows the count and no value.
Dubai Land Department · valuation records Land Department valuations counted as recorded, per property sub-type, in the 12 months to 9 Oct 2026, with a count shown only from 20 valuations · counts, never a price. File dated 10 Oct 2026 · synced 11 Oct 2026.
Areas at a similar price
Closest to Town Square on typical price per sqft, each over the same 30 days.
Dubai Land Residence Complex
30 days to 7 Oct 2026 · 407 sales
AED 1,391/sqft
about the same
Majan
30 days to 7 Oct 2026 · 592 sales
AED 1,416/sqft
+2%
Liwan
30 days to 7 Oct 2026 · 83 sales
AED 1,359/sqft
-2%
Jumeirah Village Circle
30 days to 7 Oct 2026 · 808 sales
AED 1,427/sqft
+3%
Barsha Heights
30 days to 7 Oct 2026 · 14 sales
AED 1,350/sqft
-3%
Saih Shuaib 2
30 days to 7 Oct 2026 · 116 sales
AED 1,460/sqft
+5%
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · area codes The Land Department's own area names and codes. File dated 2 Oct 2026 · synced 3 Oct 2026.
Buildings in Town Square
Each has at least twenty sales on record, so its own typical price means something. Ordered by how many sales each has had, most first.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Projects in Town Square · 45 recorded
Alton
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,796/sqft
Feb 2026 · 6 home sales
Ascot Residences
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,361/sqft
Sep 2026 · 2 home sales
Augusta
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,190/sqft
1–7 Oct 2026 · 1 home sale
Berkshire Park
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,556/sqft
Nov 2025 · 5 home sales
Camden
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,768/sqft
Jul 2026 · 5 home sales
Elaya
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,291/sqft
1–7 Oct 2026 · 1 home sale
Ellison
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,089/sqft
Sep 2026 · 2 home sales
Evelyn On The Park
Unknown developer
AED 1,838/sqft
Aug 2026 · 7 home sales
Fia
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,206/sqft
Jun 2026 · 3 home sales
Fiori
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,683/sqft
Feb 2026 · 5 home sales
Grove
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,209/sqft
Jul 2026 · 5 home sales
Haya On The Park
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,563/sqft
Jun 2026 · 5 home sales
Hayat Boulevard
NSHMI DEVELOPMENT L.L.C
AED 1,174/sqft
Aug 2026 · 5 home sales
Hillcrest
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,103/sqft
Jul 2026 · 2 home sales
Holland Gardens
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,161/sqft
Jul 2026 · 8 home sales
Kaya
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,256/sqft
Sep 2026 · 2 home sales
Lana On The Park
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,280/sqft
1–7 Oct 2026 · 1 home sale
Lexington
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,489/sqft
Sep 2026 · 1 home sale
Liva
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,528/sqft
Jul 2026 · 6 home sales
Maha Townhouses
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,545/sqft
Jul 2026 · 5 home sales
Montclair
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
No month with 5+ recorded home sales since Oct 2025
Naseem Townhouses
Nshama Properties Owned By Nshmi Development One Person Company L.L.C
AED 1,437/sqft
Nov 2025 · 5 home sales
Noor Townhouses
NSHMI DEVELOPMENT L.L.C
AED 1,371/sqft
Jan 2026 · 6 home sales
Oakmont
Unknown developer
AED 1,939/sqft
Apr 2026 · 18 home sales
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.