Town Square to begin handover in 2017
The 31 million square feet development boasts about 5,000 residences.
Town Square is on track to handover around 2,000 of the 5,000 homes, currently under construction in the development, to customers in 2017.
The 31 million square feet development boasts about 5,000 residences, as part of different neighbourhoods, and will define a new lifestyle choice for Dubai residents when it emerges as a thriving neighbourhood next year.
With more than 5,000 workers on site, the infrastructure and related works are progressing rapidly. Construction contracts worth over Dh3 billion have been awarded to different entities for eight residential projects and for infrastructure work. The Central Square, which is the size of 16 football fields, is slowly coming to life, and will feature the Vida Townsquare Dubai hotel and a Reel Cinemas cineplex in addition to a 2.5 million square feet retail precinct featuring over 600 stores and F&B outlets, among others.
Fred Durie, CEO of Nshama, said: "We are happy to show our customers and potential buyers the construction progress of our freehold property. The value proposition that we put forward is unbeatable. For the first time, customers have the opportunity to shift from a rental model to owned homes in a mega-development with all the modern amenities including hotels, cinemas, leisure outlets and a vibrant central square with a wide choice of retail and F&B."
He added: "We are working with only the best-in-class contractors and consultants, who have accelerated their workflow using the latest technologies to ensure on-time delivery. The economies of scale that we can bring and our focus on resource use optimisation set us apart, and enable us to deliver unmatched value for our customers."
The key contractors chosen by Nshama include Shapoorji Pallonji, Kier Dubai, Al Naboodah Contracting, Beaver Gulf Group and Binladin Contracting Group. Work on the Zahra Townhouses and Apartments, Zahra Breeze Apartments, Hayat Townhouses, Safi Apartments, Warda and Jenna Apartments and various infrastructure projects.
Town Square has launched several residential choices to date - including apartments and townhouses - all which have gained overwhelming investor response. Most recently, Town Square launched Noor Townhouses, featuring only three- and four-bedroom homes, in three trendy neighbourhoods with its own community club.
As of November, the progress report of Town Square includes the execution of nearly one-third of all work for the 730 Hayat Townhomes. Similar progress has been achieved on Zahra Apartments, 546 in all. The construction of the Zahra Townhouses, only 320 in number, has made remarkable progress with a completion of nearly 65 per cent.
Nearly one-fifth of the work on Safi Apartments, which feature 579 homes, has been completed with superstructure progressing on level three, and blockwork being undertaken on the first three levels. MEP work is also being executed on the ground and podium levels. The piling work for the 658 homes under Jenna and Warda are nearly complete, while excavation work on the first two zones for the 618 Zahra Breeze Apartments is also progressing as per schedule.