Overview

Property Description

It is the eighth phase of the Town Square residential community, and it will consist of 220 modern townhouses with living spaces ranging from 2,100 sq. ft. to 2,300 sq. ft. The spacious properties with 3 and 4 bedrooms will be designed in a modern style and will offer plenty of free space. A development company called Nshama Group is responsible for developing Shams residential complexes, and Town Square is its flagship development. Shams Townhouses are currently being constructed, and they are expected to be completed in the third quarter of 2024. In the Shams sub-community, a 3-bedroom townhouse with spacious layouts costs a minimum of AED 1,700,000 (USD 463,000). In the Shams development, service charges are AED 3 (USD 1) per square foot. *Prices are valid for 2022 only The Shams Townhouses residential complex in the Town Square community is targeted towards families with children due to their spacious layouts and plenty of amenities. Besides being suitable for living, the development offers profitable investment opportunities as well. For a 3-bedroom townhouse located in the Town Square community, the starting rental price is AED 94,000 (USD 25,600) per year, which means that the ROI is approximately 5-6%. By 2025, the Town Square neighbourhood is expected to have about 85,000 residents. In addition, the community is one of the most popular projects for renting villas and townhouses at affordable prices, which guarantees a high return on investment rate and high demand among tenants. Upon purchasing real estate in Shams, owners will be able to apply for an investor visa for three years that allows them to sponsor their spouse, children, and parents. The visa also provides benefits such as the right to reside in the UAE, acquire a UAE driving license, open a bank account, etc. In the newly launched 8th phase of the Town Square community, Shams, Metropolitan Premium Properties has highly-skilled specialists who can help you purchase modern and spacious townhouses. In the emirate of Dubai, our company offers a range of real estate services, including buying, renting, and selling properties. The property management service we offer can also help you to generate a long-term income from the property you purchased. This type of service includes real estate valuations, setting a rental price, repairs, tenant screening, marketing services, legal issues, payments management, and much more. Over 269 property management projects are managed by Metropolitan Premium Properties.

Location