Dubai to get new 'Town Square'

New project will be at the intersection of Al Qudra Road and Emirates Road. (Supplied)

Nshama, a Dubai-based developer, has launched the Town Square development at the intersection of Al Qudra Road and Emirates Road.

Spread over about 750 acres, the project will feature over 3,000 townhouses, 18,000 apartments, 350 shops, one Vida hotel, several parks, healthcare facilities, schools and cycling trails, according to company website.

“All our projects are similarly planned to meet the growing middle-income demand for end-user homes,” said company Chief Executive Officer Fred Durie.

The developer is also building a lifestyle development that focuses on sustainability, culture and education through a joint venture with Mohammed Bin Rashid Al Maktoum Foundation (MBRF).

The cost of project was not given. No timeline was given on when construction will start and be completed.

Emirates 24|7 reported earlier that 78 new projects were launched in 2014 with the Dubai Land Department reviving at least 43 stalled projects worth over Dh10 billion through its Tayseer and Tanmia initiatives in the past few years.

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