Diplomat Residences Town Square Dubai

The Diplomat Residences is a completed six-storey building by Nshama in Town Square Dubai, with furnished studios and 1 to 3 bedroom apartments. The source listing shows it from AED 649.89 K, about Rs 1.67 crore at Rs 25.75 per dirham, for 1 bedroom apartments, and gives possession as December 2024. Nshama's list price for a 1 bedroom was AED 649,888, the same figure rounded.

This is a delivered building. Handover was set for December 2024 and the block is now let and lived in: Bayut carries dozens of rental listings for it, between AED 42,000 and AED 115,000 a year. What you are buying is either a remaining Nshama unit or a resale from a first owner, and the numbers on this page treat it that way. At about AED 1,045 per sq ft, it is also the cheapest apartment rate in this batch that you can inspect today.

At a glance

Price and unit pricing

About AED 1,045 per sq ft is a quarter below the JVC median of AED 1,347 (July 2026, DLD data) and roughly 40 per cent below Nshama's new off-plan releases in the same community, which start near AED 1,460 per sq ft at Berkshire Park and AED 1,725 at Alton. That gap is the reason to look at delivered Town Square stock before the launches. The list price is Nshama's; resale asking prices for tenanted units can be higher, and the DLD transaction record for the specific unit will show what the first owner paid.

Payment plan and total cost

The launch plan was 10 per cent down, 40 per cent during construction, 10 per cent on handover and 40 per cent after handover. That post-handover tail may still be running on a resale unit, in which case the seller needs Nshama's no-objection certificate and you take over or clear the balance. On a Nshama unit or a clean resale it is a ready purchase, paid at transfer or with a UAE mortgage. Worked on the listed price:

Service charges for a completed Town Square block are set by the DLD-approved budget and available from Nshama or the owners' association; the sources we checked do not print the figure. Expect about AED 10 to 15 per sq ft a year, or AED 6,200 to 9,300 on a 621 sq ft unit. Final figures as per the sale agreement.

Location and connectivity

Town Square is on Al Qudra Road near Emirates Road, south of Arabian Ranches and Motor City. Dubai Hills Mall is about 15 to 20 minutes' drive, Motor City and Sports City about 15 minutes, Mall of the Emirates 25 minutes, Downtown and Dubai Marina 30 minutes, Al Maktoum International Airport 25 to 30 minutes and Dubai International Airport about 35 minutes. There is no metro. The 538,000 sq ft park, the retail and cinema strip, schools and clinics are all open, and because the Diplomat is finished you can walk from the door to each of them before you buy.

Amenities and specifications

Units are sold furnished, which is unusual for Nshama and explains part of the rent premium: the 1 bedroom lets to tenants who want to move in with a suitcase. The block has the standard Town Square pool, gym and play area, with the park outside. Furniture condition varies unit by unit after two years of letting; inspect the actual apartment, not a show flat. Parking is typically one bay per unit. Specification as per the unit inspected.

About the developer

Nshama is the master developer of Town Square and has been handing over there since 2017 across phases including Zahra, Safi, Hayat, Una, the Diplomat and, in May 2025, The Regent with 238 units. Portal reviews put its delivered total at over 6,500 units in the community (one source says over 15,000; use the lower figure) with about 89 per cent on-time delivery, nine-month delays on the earliest phases and no cancelled phase. For a completed building the developer's record matters less than the building's own condition and service charge account, both of which you can check.

For overseas buyers

Any nationality. Dubai's designated freehold areas are open to buyers of every nationality, resident or not: no local partner, no residence visa needed in order to buy, and the Land Department issues the title deed in your own name. On the AED 649,890 entry price the 4% Dubai Land Department transfer fee is about AED 25,996 (USD 7,100), and registration, trustee and agency charges take the all-in cost to roughly 6% to 7% over the price. UAE banks lend non-residents about 50% to 60% of the price, which is why the developer payment plan above carries most overseas purchases. The paragraphs below work the numbers for an Indian buyer, the largest single group buying in Dubai, but the ownership, visa and yield rules are the same whatever passport you hold.

Ownership. Town Square is freehold; a foreign buyer holds the title deed outright, and this unit is ready, so the deed transfers on payment.

Remittance. The total of about AED 690,000 fits comfortably inside one person's USD 250,000 per financial year LRS limit (about AED 918,000). A single buyer can pay in full in one remittance. TCS applies above the annual threshold and is claimable in your Indian return.

Golden Visa. Not from one unit. The threshold is AED 2 million of property; three 1 bedrooms in one name would reach it.

Yield and tax. No property or rental income tax in Dubai. Bayut's rental listings for the building run AED 42,000 to 115,000 a year across unit types with an average near AED 88,000; brokers quote 8 to 10 per cent gross on the furnished 1 bedrooms, and Town Square's community average is 6.7 to 8 per cent. Plan on 7 to 8 per cent gross and 5.5 to 6.5 per cent net after service charges and furnishing upkeep. Rent is taxable in India as income from house property after the 30 per cent standard deduction; the India-UAE treaty prevents double taxation.

Exit. Town Square has a deep resale market and a furnished, tenanted 1 bedroom at AED 1,045 per sq ft is an easy sale to the next yield buyer. The ceiling is the community's new-launch pricing: if Nshama keeps selling new blocks at AED 1,400 to 1,700 per sq ft, delivered stock has room to rise.

Pros

• Completed, tenanted and inspectable; handed over December 2024
• About AED 1,045 per sq ft, roughly 40 per cent below Nshama's new releases in the same community
• Furnished units with 8 to 10 per cent gross yields quoted on 1 bedrooms
• The whole purchase fits one person's annual LRS limit in one remittance
• Park, retail, schools and clinics open on foot

Cons

• Below the Rs 2 crore level; the site's price gate is met, but not the Golden Visa
• Studio, 2 and 3 BHK prices not published; unit count not published
• A resale may carry an unfinished post-handover plan needing Nshama's consent
• Furniture condition varies after two years of letting
• No metro, 30 minutes from Downtown, and heavy resale competition in the community

Who this is for

• First-time Dubai buyers from India who want a ready, furnished, rentable unit under Rs 1.8 crore all-in
• Yield investors targeting 7 to 8 per cent gross
• Buyers who prefer a completed Town Square unit to a 2027 or 2028 launch

Who should look elsewhere

• Anyone who needs the Golden Visa from a single purchase
• Buyers who want a central or metro-served address
• Anyone who wants a brand-new unit with a construction-linked plan

Our verdict

The Diplomat is the value entry to Town Square in this batch: finished, furnished, let, and priced 40 per cent under the same developer's new launches a few streets away. Check the unit's DLD record, whether a post-handover plan is still running on it, and the furniture, then buy for the rent. For the new-build alternatives see Berkshire Park and Alton, and for another delivered block The Regent Residences, all on our Dubai section. All projects are listed here.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of the Diplomat Residences?

The source listing shows it from AED 649.89 K, about Rs 1.67 crore, for a 1 bedroom of about 621 sq ft; Nshama's list price was AED 649,888. Studio, 2 and 3 bedroom prices are not published.

Is there a payment plan?

The launch plan was 10/40/10/40 with 40 per cent post-handover. The building is complete, so a unit now is a ready sale at transfer or by mortgage; a resale may still carry the seller's post-handover balance. Add the 4 per cent DLD fee.

When was it handed over?

December 2024. The building is complete and tenanted.

Is it registered with RERA?

It was sold off-plan under DLD escrow and is now complete with title deeds issued. Verify the unit's deed on the Dubai REST app.

Does it qualify for the Golden Visa?

Not from one unit. The threshold is AED 2 million of property.

What are the service charges?

Set by the DLD-approved budget and available from Nshama or the owners' association. Expect about AED 10 to 15 per sq ft a year, or AED 6,200 to 9,300 on a 1 bedroom.

What rental yield can I expect?

Bayut listings run AED 42,000 to 115,000 a year across unit types; brokers quote 8 to 10 per cent gross on furnished 1 bedrooms. Plan on 7 to 8 per cent gross and 5.5 to 6.5 per cent net.

Can a foreign national buy, and how is the money sent?

Yes, Town Square is freehold, and the total of about AED 690,000 fits inside one person's USD 250,000 annual LRS (the Reserve Bank of India's Liberalised Remittance Scheme) limit. Buyers of any other nationality can own on the same terms: Dubai's designated freehold areas are open to all nationalities, there is no residency requirement and no local partner, and the Land Department issues the title deed in your own name.

What has Nshama delivered?

Over 6,500 units in Town Square since 2017, including the Diplomat and The Regent's 238 units in May 2025, with about 89 per cent on-time delivery and no cancelled phase per portal reviews.

Talk to Realty Hunting for the units available at the Diplomat Residences, the DLD record on a specific apartment and a viewing plan.