Town Square Market Report: October 2026
In October 2026, the median apartment price in Town Square was AED 1,380 per sq ft, across 127 residential sales transactions worth AED 195 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
October 2026, compared with September 2026
- 127
- Residential sales transactions +16.5%
- AED195 million
- Sales value +10.0%
- AED1,380
- Apartments, median price per sq ft −3.4%
- AED2.9 million
- Villas and townhouses, median price⚠ 17 −2.9%
- 31%
- Off-plan share of sales 39 off-plan sales
- 334
- New lease registrations (Ejari) −10.5%
- AED100
- Apartment rent per sq ft, a year −4.0%
- 7.3%
- Gross rental yield, apartments −0.5 pts
Apartments, median price per sq ft
Villas and townhouses, median price
Lighter bars: fewer than 30 sales
Apartment rent, median per sq ft a year
Villa and townhouse rent, median a year
Apartment sales
Off-planReadyTotal sales
Villa and townhouse sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
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FAQ
How many residential sales transactions were recorded in Town Square in October 2026?
Residential sales transactions in Town Square totalled 127 in October 2026, worth AED 195 million. Sales rose 16.5% month-on-month. Off-plan sales accounted for 31% of the total and owner resales 50%.
What is the price per sq ft in Town Square?
The median apartment price in Town Square was AED 1,380 per sq ft in October 2026, across 110 sales; it declined 3.4% month-on-month, and was 17% below the Dubai median. The median villa and townhouse price was AED 2.9 million, across 17 sales; it declined 2.9% month-on-month.
Are property prices in Town Square going up or down?
The monthly median apartment price in Town Square declined 13.4% between January 2026 and October 2026.
How much does a home in Town Square cost by number of bedrooms?
In Town Square in October 2026, median prices were AED 1.4 million for a 2-bedroom apartment (46 sales); AED 895,000 for a 1-bedroom apartment (40 sales); AED 2.9 million for a 3-bedroom villa or townhouse (13 sales); AED 3.6 million for a 4-bedroom villa or townhouse (4 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 6 | AED 550,000 | AED 1,587 |
| 1-bed | 40 | AED 895,000 | AED 1,390 |
| 2-bed | 46 | AED 1.4 million | AED 1,329 |
| ⚠3-bed | 18 | AED 2.1 million | AED 1,354 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠3-bed | 13 | AED 2.9 million | 52 | AED 150,000 | 5.3% |
| ⚠4-bed | 4 | AED 3.6 million | 22 | AED 182,500 | 5.1% |
What is the average rent in Town Square?
The median rental rate on new apartment lease registrations (Ejari) in Town Square was AED 100 per sq ft a year in October 2026, across 260 registrations. New villa and townhouse lease registrations had a median rental rate of AED 155,000 a year, across 74 registrations. 334 new leases and 388 renewals were registered with Ejari.
What is the rental yield in Town Square?
The gross rental yield on ready apartments in Town Square was 7.3% in October 2026, comparing median new rents with median ready sale prices per sq ft. For villas and townhouses it was 5.4%, comparing median new rents with median ready sale prices.
How much does property in Town Square cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Town Square in October 2026, the median apartment price of AED 1,380 per sq ft is approximately $376 per sq ft; the median villa and townhouse price of AED 2.9 million is approximately $776,038; the median new apartment rental rate of AED 100 per sq ft a year is approximately $27.
How does Town Square compare with Dubai?
The median apartment price in Town Square was 17% below the Dubai median in October 2026, at AED 1,380 per sq ft compared with AED 1,661.
| Measure | Town Square | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,380 | AED 1,661 |
| ⚠Villas and townhouses, median | AED 2.9 million | AED 3.6 million |
| New apartment rent, per sq ft a year | AED 100 | AED 95 |
| Gross yield, apartments | 7.3% | 6.9% |
| Villa rent, median a year | AED 155,000 | AED 180,000 |
| ⚠Gross yield, villas | 5.4% | 5.0% |
| Off-plan share of sales | 31% | 59% |
Which buildings in Town Square recorded the most sales?
The Mayfair by Nshama recorded the most sales of any building in Town Square in October 2026, with 26 sales worth AED 36.0 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠The MayfairAl Yelayiss 2 | Nshama | 26 | AED 36.0 million | 0% | AED 1,371 |
| ⚠Town Square ZahraTown Square | Nshama | 9 | AED 12.0 million | 0% | AED 1,234 |
| ⚠GroveTown Square | Nshama | 7 | AED 8.2 million | 100% | AED 1,283 |
| ⚠UnaTown Square | Nshama | 6 | AED 3.9 million | 0% | AED 1,543 |
| ⚠Town Square Jenna And WardaTown Square | Nshama | 5 | AED 6.4 million | 0% | AED 1,390 |
| ⚠Town Square SafiTown Square | Nshama | 5 | AED 5.8 million | 0% | AED 1,228 |
| ⚠LivaTown Square | Nshama | 5 | AED 3.6 million | 0% | AED 1,575 |
| Noor TownhousesTown Square | – | 4 | AED 11.9 million | 0% | – |
| Town Square HayatTown Square | – | 4 | AED 10.6 million | 0% | – |
| ⚠The BaltimoreAl Yelayiss 2 | Nshama | 4 | AED 7.6 million | 100% | AED 1,659 |
Which developers recorded the most off-plan sales in Town Square?
Nshama recorded the most off-plan sales in Town Square in October 2026, with 38 sales worth AED 57.9 million, accounting for 97% of off-plan sales.
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Nshama | 38 | AED 57.9 million | 97% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Town Square Market Report: October 2026. Data: Dubai Land Department. Published 4 November 2026. https://richmondproperties.ae/insights/market-reports/town-square/2026-10. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for October 2026, compared with September 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 4 November 2026. This report is for general information and is not financial or investment advice.