Real Estate

Durie and Muwahid (right) sign the agreement for the construction of Town Square apartment blocks.

Durie and Muwahid (right) sign the agreement for the construction of Town Square apartment blocks.

Town Square deal

August 2015

Private developer Nshama has appointed Unec, a regional construction company, to build the first two apartment blocks at Town Square, Dubai’s first-of-its-kind smartly designed, stylish, green neighbourhood.

The agreement marks the first stage of construction, ahead of schedule, of the Zahra Apartments and Safi Apartments within Town Square, which have gained strong investor response.

Fred Durie, CEO of Nshama, says: “The commencement of construction of the first two apartment buildings is a milestone for the Town Square project. The building work is ahead of schedule and Unec is fully set on course to deliver quality homes that fulfil the expectations of our residents. Zahra Apartments and Safi Apartments will boast exemplary contemporary designs and excellent build quality.” 

On his part, Abdul Halim Muwahid, CEO of Unec, says: “Unec has over 35 years of construction excellence, and we’ve built a reputation and portfolio that covers a wide range of project experiences. The partnership with Nshama for the first apartment buildings within its Town Square development enables us to deliver the very best in our offering and to demonstrate our expertise in delivering properties to highly specific standards in the UAE.”

Town Square is located in New Dubai near Al Barsha, in close proximity to Arabian Ranches Golf Course, Dubai Polo and Equestrian Club and Al Maktoum International Airport, near the site for the World Expo 2020. The development will feature over 3,000 townhouses and over 18,000 apartments as well as substantial retail, hospitality and commercial space. It has a high land-to-building ratio, with more open spaces for a greener community.

The vibrant development is anchored by a central square, the size of 16 football fields, and features a range of lifestyle choices including Vida Town Square Dubai Hotel and a Reel Cinemas cineplex and open-air cinema.

In addition to a 2.5-million-sq-ft retail precinct with more than 600 stores and food and beverage (F&B) outlets, Town Square also features day-care facilities, playgrounds, play zones for all ages, swimming pools, fitness centre, athletic spa, interactive water features, skate parks, playgrounds, adventure zones, modern medical facilities and splash parks.

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