−4% Elaya
2 BR · Apartment · 3 bathrooms
Price history
Listed since 28 October 2026. The price has been cut once — dates and figures from the listing itself.
- 28 October 2026 AED 1 500 000
- 4 November 2026 AED 1 440 000 -4%
Where it is
The pin is placed by district — I send the exact address on request.
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 NP4-593876
How much is this 2-bedroom apartment in Elaya?
Lot NP4-593876 is priced at AED 1 440 000, about $392 000. The size is 1 199 sq ft (111 m²), which works out at AED 1 201 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 1 500 000 to AED 1 440 000: AED 60 000 less, or 4%. It was cut once. On the market since 28 October 2026.
How does this price compare with other lots in Elaya?
The database holds 2 lots in Elaya right now, from AED 1 440 000 to AED 1 450 000. 2 of them share this type and bedroom count: this lot is the cheapest.
Is this expensive or cheap for Town Square?
The database holds 15 lots in Town Square, starting from AED 950 000. The area median is AED 1 425 per sq ft; this lot, at AED 1 201, is 16% below it. 13 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 288 000; a loan of AED 1 152 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 900–6 700 a month. A non-resident puts down from 40% (AED 576 000) and pays about AED 4 400–5 000 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 57 600 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 560 000 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 does the seller say about the property itself?
From the listing: bathrooms — 3.
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 NP4-593876 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Elaya
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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