Town Square Market Report: Q3 2026
In Q3 2026, the median apartment price in Town Square was AED 1,392 per sq ft, across 341 residential sales transactions worth AED 555 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 341
- Residential sales transactions −5.3%
- AED555 million
- Sales value Broadly unchanged
- AED1,392
- Apartments, median price per sq ft −5.6%
- AED2.9 million
- Villas and townhouses, median price −1.7%
- 41%
- Off-plan share of sales 139 off-plan sales
- 1,023
- New lease registrations (Ejari) +33.9%
- AED101
- Apartment rent per sq ft, a year +5.5%
- 7.7%
- Gross rental yield, apartments +0.6 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 Q3 2026?
Residential sales transactions in Town Square totalled 341 in Q3 2026, worth AED 555 million. Sales declined 5.3% quarter-on-quarter. Off-plan sales accounted for 41% of the total and owner resales 53%.
What is the price per sq ft in Town Square?
The median apartment price in Town Square was AED 1,392 per sq ft in Q3 2026, across 281 sales; it declined 5.6% quarter-on-quarter, and was 18% below the Dubai median. The median villa and townhouse price was AED 2.9 million, across 59 sales; it declined 1.7% quarter-on-quarter.
Are property prices in Town Square going up or down?
The median apartment price in Town Square declined 15.7% between Q1 2026 and Q3 2026, from AED 1,651 to AED 1,392 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 700 | AED 1.11 billion | AED 1,651 | AED 3.0 million | 662 | AED 110 | 8.0% |
| Q2 2026 | 360 | AED 557 million | AED 1,475 | AED 3.0 million | 764 | AED 96 | 7.1% |
| Q3 2026 | 341 | AED 555 million | AED 1,392 | AED 2.9 million | 1,023 | AED 101 | 7.7% |
How much does a home in Town Square cost by number of bedrooms?
In Town Square in Q3 2026, median prices were AED 1.5 million for a 2-bedroom apartment (160 sales); AED 930,000 for a 1-bedroom apartment (83 sales); AED 2.9 million for a 3-bedroom villa or townhouse (46 sales); AED 3.5 million for a 4-bedroom villa or townhouse (13 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 11 | AED 520,000 | AED 1,569 |
| 1-bed | 83 | AED 930,000 | AED 1,455 |
| 2-bed | 160 | AED 1.5 million | AED 1,350 |
| ⚠3-bed | 27 | AED 2.3 million | AED 1,363 |
| ⚠4-bed | 1 | AED 2.9 million | AED 1,239 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| 3-bed | 46 | AED 2.9 million | 175 | AED 145,000 | 5.1% |
| ⚠4-bed | 13 | AED 3.5 million | 73 | AED 170,000 | 4.9% |
What is the average rent in Town Square?
The median rental rate on new apartment lease registrations (Ejari) in Town Square was AED 101 per sq ft a year in Q3 2026, across 775 registrations. New villa and townhouse lease registrations had a median rental rate of AED 150,000 a year, across 248 registrations. 1,023 new leases and 1,274 renewals were registered with Ejari.
What is the rental yield in Town Square?
The gross rental yield on ready apartments in Town Square was 7.7% in Q3 2026, comparing median new rents with median ready sale prices per sq ft. For villas and townhouses it was 5.2%, 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 Q3 2026, the median apartment price of AED 1,392 per sq ft is approximately $379 per sq ft; the median villa and townhouse price of AED 2.9 million is approximately $789,653; the median new apartment rental rate of AED 101 per sq ft a year is approximately $28.
How does Town Square compare with Dubai?
The median apartment price in Town Square was 18% below the Dubai median in Q3 2026, at AED 1,392 per sq ft compared with AED 1,692.
| Measure | Town Square | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 1,392 | AED 1,692 |
| Villas and townhouses, median | AED 2.9 million | AED 3.7 million |
| New apartment rent, per sq ft a year | AED 101 | AED 94 |
| Gross yield, apartments | 7.7% | 6.8% |
| Villa rent, median a year | AED 150,000 | AED 180,000 |
| Gross yield, villas | 5.2% | 4.4% |
| Off-plan share of sales | 41% | 69% |
Which buildings in Town Square recorded the most sales?
Town Square Zahra by Nshama recorded the most sales of any building in Town Square in Q3 2026, with 25 sales worth AED 39.7 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠Town Square ZahraTown Square | Nshama | 25 | AED 39.7 million | 0% | AED 1,193 |
| ⚠The HamiltonAl Yelayiss 2 | Nshama | 18 | AED 29.7 million | 0% | AED 1,369 |
| ⚠Town Square Jenna And WardaTown Square | Nshama | 17 | AED 25.9 million | 0% | AED 1,324 |
| ⚠SymphonyTown Square | Nshama | 15 | AED 18.5 million | 100% | AED 1,445 |
| ⚠The MayfairAl Yelayiss 2 | Nshama | 14 | AED 17.8 million | 43% | AED 1,328 |
| ⚠Hayat BoulevardTown Square | Nshama | 14 | AED 17.0 million | 0% | AED 1,192 |
| ⚠Holland GardensAl Yelayiss 2 | Nshama | 13 | AED 16.4 million | 0% | AED 1,180 |
| ⚠Rawda ApartmentsTown Square | Nshama | 13 | AED 16.0 million | 0% | AED 1,279 |
| ⚠Evelyn on the ParkAl Yelayiss 2 | Nshama | 12 | AED 16.6 million | 100% | AED 1,838 |
| ⚠GroveTown Square | Nshama | 12 | AED 15.9 million | 100% | AED 1,316 |
Which developers recorded the most off-plan sales in Town Square?
Nshama recorded the most off-plan sales in Town Square in Q3 2026, with 123 sales worth AED 179 million, accounting for 88% of off-plan sales.
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Nshama | 123 | AED 179 million | 88% |
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: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/town-square/2026-q3. 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 Q3 2026 (July to September), compared with Q2 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 2 November 2026. This report is for general information and is not financial or investment advice.