One-Bedroom Apartment at Solana Residences, Town Square — Off-Plan Distress Resale

Property Overview

This is a one-bedroom apartment at Solana Residences in Town Square (Nshama), offered at AED 1,500,000. The 1,073 sqft unit is described by the agent as the largest unit in the building, is stated to be 30% paid, and comes with a two-year post-handover payment plan. Handover is stated for Q4 2027. It is submitted as an off-plan distress resale.

Property Highlights

• Type: 1-bedroom apartment
• Size: 1,073 sqft
• Asking price: AED 1,500,000
• Rate: AED 1,398 per sqft
• Payment: 30% paid to date (agent-stated)
• Payment plan: two-year post-handover plan (agent-stated)
• Handover: Q4 2027 (agent-stated)
• Note: described by the agent as the largest unit in the building
• Developer: Nshama
• Community: Town Square

Deal Basis

This listing is submitted as an off-plan distress resale. No original purchase price, dated market comparison or DLD transaction was supplied, so DPF has not calculated a savings amount or discount percentage and does not state one. At AED 1,500,000 for 1,073 sqft, the asking price is AED 1,398 per square foot. Any below-original-price or below-market claim would require a supplied benchmark before it could be shown on the page.

About the Project, Developer and Community

Solana Residences is stated to be within Town Square, the master-planned community by Nshama on Al Qudra Road, known for its central park, retail and townhouse-and-apartment mix with connectivity via Sheikh Mohammed Bin Zayed Road and Al Qudra Road. As an off-plan property, it is under construction toward its stated handover. The exact project name, building and completion date should be confirmed against Nshama's official documentation.

Layout and Payment

The agent describes a 1,073 sqft one-bedroom, said to be the largest unit in the building, currently 30% paid, with a two-year post-handover payment plan. The exact layout, bathrooms, parking, the outstanding balance and the payment-plan terms should be confirmed on the floor plan and in the Sale and Purchase Agreement.

Verification Notes

• Agent-supplied facts: 1-bedroom type, size (1,073 sqft), asking price (AED 1,500,000), 30% paid, two-year post-handover plan, Q4 2027 handover, and 'largest unit in building'.
• DPF-calculated figure: price per square foot (AED 1,398).
• No benchmark supplied: no original purchase price, dated market comparison or DLD transaction, so no savings amount or percentage is calculated or stated. Classified 'Off-Plan Distress' (off-plan property offered as distress without other benchmark evidence).
• Project confirmation: 'Solana Residences' could not be independently confirmed as a specific Town Square building in public sources; Town Square itself is an Nshama community. Confirm the exact project/building name and spelling (note a separately-named 'Sola Residences' exists at Wasl Gate, a different community).
• 'Largest unit in the building' is an agent claim and is not a DPF-verified fact.