Elaya

1. Is it on schedule?6% built in July 2026; the register gives no handover date · DLD project register, Jul 20266%Context
2. Is my money protected?Payments go to an escrow account at بنك أبوظبي الأول ش.م.ع., as registered with the Land DepartmentEscrowContext
3. Is the price fair?AED 1,231/sqft, 26.9% below the Town Square off-plan median across 26 projects-26.9%Context
4. Is it selling?12 off-plan sales registered in the last 12 months, of 153 units; the latest on 1 Oct 202612Context
5. Who is building it?Nshama, licence no. 1162; 0 of its 14 dated live projects are past their registered dates0%Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك أبوظبي الأول ش.م.ع.

Developer, as licensed

NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C (no. 1162)

Master developer

Nshama

Registered start

September 2024

Configuration

G+2P+14+parking in Ground floor & Podium floors.The project designed to have a concrete structure and block with internal and external finishes.

Construction progress is the percentage DLD recorded in its project register as of July 2026, the latest DLD record for this project; the register lags DLD’s inspections by months, so it is dated separately. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

What does Elaya cost per square foot?

AED 1,231 per sqft, the median of 12 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 1.09M. That is 26.9% below the Town Square off-plan median across 26 projects.

Is Elaya in escrow?

Yes: the Land Department register names بنك أبوظبي الأول ش.م.ع. as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of Elaya?

NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C, licence no. 1162, by the register’s own licence number; the master developer that owns the land is Nshama. Dubai Land Department project register as of July 2026.

How many units does Elaya have?

153 registered units, of which 0 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.