−6% The Mayfair
2 BR · Apartment · 2 bathrooms
Price history
Listed since 22 September 2026. The price has been cut once — dates and figures from the listing itself.
- 20 October 2026 AED 1 600 000
- 23 October 2026 AED 1 500 000 -6%
About the building
7-storey residential building in Town Square. Developer — Nshama Development. Architect — Al Wasl Al Jadeed Consultants.
Where it is
The pin is placed by project — accurate to the development, not the door.
Town Square
Nshama’s large affordable community around a central park: townhouses and apartments, all from one developer.
- consistent single-developer quality
- a genuinely good central park
- family townhouses
What to check: Nshama continues to release phases here, so factor a continuing supply pipeline into any capital growth assumption and check what is still under construction near your unit.
Full district guide →Questions and answers about lot NP4-539396
How much is this 2-bedroom apartment in The Mayfair?
Lot NP4-539396 is priced at AED 1 500 000, about $408 000. The size is 1 033 sq ft (96 m²), which works out at AED 1 452 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 600 000 to AED 1 500 000: AED 100 000 less, or 6%. It was cut once. On the market since 22 September 2026.
Is this expensive or cheap for Town Square?
The database holds 9 lots in Town Square, starting from AED 1 190 000. The area median is AED 1 422 per sq ft; this lot, at AED 1 452, is level with it. 8 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Town Square area guide →Is the property ready or still under construction?
According to the listing, the property is ready.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 300 000; a loan of AED 1 200 000 over 25 years at 3.75–4.99% a year comes to roughly AED 6 200–7 000 a month. A non-resident puts down from 40% (AED 600 000) and pays about AED 4 600–5 300 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 60 000 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 500 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about The Mayfair?
The building has 7 floors. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 2.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-539396 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: The Mayfair
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Town Square
Ask a question
Telegram is the fastest way — I answer personally.
Message on Telegram