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Town Square, Dubai

Town Square

اليلايس 2

officially 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.

Typical price per sqft

AED 1,392/sqft

30 days to 7 October 2026 · 115 sales

Price change over 108 months · ready homes

+76.4%

Pace, scaled up to a year · ready homes

+7%

Sold off-plan

53%

12 months to 7 October 2026 · 2,087 sales

Yield before costs

6.6%

Ready homes, 12 months to 7 October 2026 · 981 sales · 2,887 new lets

Mortgages per 100 resales

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

53%
Sold off-plan
of 2,087 sales, 12 months to 7 October 2026

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

SizeTypical floor areaPrice, last 12 months · ready and off-planPer sqft, all yearsTypical rentSales, all years
Studio336 sqft
AED 560,000
64 sales
all years AED 454,888
AED 1,341/sqftAED 45,000/yr
198 rent contracts
641
1 bed636 sqft
AED 1,040,888
649 sales
all years AED 741,888
AED 1,209/sqftAED 64,000/yr
797 rent contracts
4,644
2 beds975 sqft
AED 1,525,000
931 sales
all years AED 1,100,000
AED 1,046/sqftAED 90,000/yr
817 rent contracts
6,270
3 beds1,451 sqft
AED 2,316,888
143 sales
all years AED 1,497,888
AED 923/sqftAED 125,500/yr
150 rent contracts
1,481
4 beds2,317 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

SizeTypical floor areaPrice, last 12 months · ready and off-planPer sqft, all yearsTypical rentSales, all years
3 beds2,023 sqft
AED 2,850,000
199 sales
all years AED 1,450,888
AED 697/sqftAED 150,000/yr
727 rent contracts
4,815
4 beds2,922 sqft
AED 3,500,000
76 sales
all years AED 1,751,888
AED 589/sqftAED 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

2 B/R5,492
1 B/R5,343
3 B/R1,204
Studio421
4 B/R7

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

SizePrice now, ready homesRents forYield before costsReady sales, 12 months
StudioAED 560KAED 45,000/yrby bedroom · 198 new lets8.0%60
1 bedAED 845KAED 64,000/yrby bedroom · 797 new lets7.6%226
2 bedsAED 1.32MAED 90,000/yrby bedroom · 817 new lets6.8%335
3 bedsAED 2MAED 125,500/yrby bedroom · 150 new lets6.3%69

Villas and townhouses, as the Land Department records them

SizePrice now, ready homesRents forYield before costsReady sales, 12 months
3 bedsAED 2.85MAED 150,000/yrby bedroom · 727 new lets5.3%199
4 bedsAED 3.5MAED 180,000/yrby bedroom · 228 new lets5.1%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.

SizeCharge / yearRent after itYield before costsYield after service charge
Apartments
StudioAED 1,514AED 43,4868.0%7.8%
1 bedAED 2,862AED 61,1387.6%7.2%
2 bedsAED 4,386AED 85,6146.8%6.5%
3 bedsAED 6,530AED 118,9706.3%5.9%
Villas and townhouses, as the Land Department records them
3 bedsAED 9,102AED 140,8985.3%4.9%
4 bedsAED 13,148AED 166,8525.1%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.

QuarterReady homes · typical price per sqftvs a year earlierOff-plan · typical price per sqft
Q4 2024AED 1,133/sqft313 sales+16.1%AED 1,351/sqft326 registrations
Q1 2025AED 1,229/sqft242 sales+23.7%AED 1,433/sqft380 registrations
Q2 2025AED 1,264/sqft284 sales+23.9%AED 1,486/sqft385 registrations
Q3 2025AED 1,334/sqft347 sales+26.2%AED 1,533/sqft393 registrations
Q4 2025AED 1,334/sqft311 sales+17.7%AED 1,657/sqft404 registrations
Q1 2026AED 1,383/sqft282 sales+12.5%AED 1,763/sqft415 registrations
Q2 2026AED 1,355/sqft199 sales+7.2%AED 1,645/sqft160 registrations
Q3 2026still being recordedAED 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.

AED 1,931/sqftNov 2013Oct 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.

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 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.

Every building in Town Square

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

Evelyn On The Park

Unknown developer

AED 1,838/sqft

Aug 2026 · 7 home sales

Hayat Boulevard

NSHMI DEVELOPMENT L.L.C

AED 1,174/sqft

Aug 2026 · 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

See all 45 projects in Town Square →

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.