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Disruptive Real Estate

Nshama · Town Square

Odessa

  • Apartments
  • Duplexes
Starting from
AED 950,000
Bedrooms
1–3 BR
Size
On request
Payment plan
On request
Completion
Pre-launch
Available
178 / 178
Handover
Q4 2027

About Odessa

Odessa Town Square Apartments by Nshama

Odessa is a G+2 podium+13-storey residential building rising within Town Square, the master community developed by Nshama. The building comprises 178 units across a single tower, with construction scheduled to run from August 2025 to a December 2027 handover. Odessa sits about five minutes from the community's central park, positioning it among the more park-proximate apartments in Town Square.

The unit mix covers 1, 2 and 3-bedroom apartments alongside spacious 3-bedroom duplexes, giving the building a broader typology range than most single-tower launches in the area. This spread suits both young professionals seeking compact layouts and families wanting duplex-style living without moving to a villa community.

Odessa Dubai Architecture & Interior Finish

The facade uses bold linear detailing and expansive glazing, a departure from the more traditional low-rise blocks found elsewhere in Town Square. Large window openings maximize natural light across the living and dining areas.

Interiors are finished with porcelain flooring in the bedrooms and built-in wardrobes throughout. Master suites include en-suite bathrooms designed for privacy from secondary bedrooms. Kitchens come fitted with built-in appliances and continuous counter runs, prioritizing practical storage over decorative excess.

Off Plan Town Square Investment Case

As an off plan Town Square project, Odessa gives buyers an entry point into a community that has matured over several development phases, with retail, parks and schools already operating rather than planned. This reduces the completion risk typically associated with first-phase master communities.

Nshama's escrow account is held with First Abu Dhabi Bank, standard practice for off-plan developments regulated by Dubai's escrow law. With a 0% completion status as of the reporting date and a 2027 handover, Odessa remains an early-stage entry into the Town Square pipeline.

Community Amenities Access

Town Square spans a 50,000 sqm town park with an 8,000 sqm dedicated green area, a 1 km cycling trail and a 10 km running track. The community also holds 260,000 sqm of open greenery, 3 sports arenas and more than 250 retail outlets across its retail strip.

Odessa residents get direct access to this shared infrastructure without the building itself needing to replicate large-scale outdoor facilities, allowing the tower's own amenities to focus on pool, gym and family-oriented recreation.

Key highlights

  • 178 units across a single G+2P+13 storey tower
  • 1, 2 and 3-bedroom apartments plus 3-bedroom duplexes
  • Handover scheduled for December 2027
  • Five minutes from Town Square's central park
  • Escrow held with First Abu Dhabi Bank
  • Developed by Nshama within Town Square

Why this project

  • 1, 2 and 3-bedroom apartments and 3-bedroom duplexes five minutes from Town Square's central park, handover Q4 2027.

Amenities

  • Swimming pool
  • Gym
  • BBQ area
  • Indoor kid's play area
  • Outdoor kid's play area
  • Retail outlets
  • Cycling trails
  • Running track
  • Sports arenas

Location

Connectivity From Town Square

Town Square is positioned with drive times of roughly 20 minutes to Dubai Hills Mall and Burj Al Arab, 24 minutes to District 2020, 25 minutes to Dubai International Airport, 28 minutes to Dubai World Central and 29 minutes to Dubai Mall. This places Odessa within a manageable commute of the city's main retail and business hubs despite its position further from the central corridor.

For residents without a car, Town Square's retail and park infrastructure is designed for walkability within the community itself, with the internal 10 km running track and 1 km cycling network linking residential clusters to the central park and retail strip.

Neighbourhood Character

Town Square is built around a family-first layout: low to mid-rise apartment buildings surround a large central park, with schools, supermarkets and food and beverage outlets integrated into the retail strip. Odessa's location five minutes from the park places it among the closer buildings to this hub, an advantage for residents prioritizing outdoor access over proximity to Sheikh Mohammed Bin Zayed Road.

Project information

Developer
Nshama
Location
Town Square
Handover
Q4 2027
Total units
178
RERA Escrow
First Abu Dhabi Bank
DLD Project #
3450

DLD-verified today

Project intelligence

Live DLD data

Real Dubai Land Department transactions and rent contracts — not developer marketing.

Odessa — handover progress

0%
LaunchAug 2025
Today16mo to handover
HandoverQ4 2027

Resale at Odessa

57 transactions · last 12 months

Avg / sqft
AED 1,498
Avg price
AED 1,418,607
Year-on-year
-1.2%
Range
AED 950,888AED 2,517,888
By unit size
  • 1 BRAED 1,511/sqft20 sales
  • 2 BRAED 1,481/sqft32 sales
  • 3 BRAED 1,551/sqft5 sales

Town Square market

1 br · 757 sales analyzed

High activity
Avg / sqft
AED 1,572
Sales last 6 mo
254
Year-on-year
+2.4%
Off-plan vs ready
19.3% pricier
AED 1,651 vs 1,385
6.3%

Indicative gross yield

At the starting price of AED 950,000, typical rent for a 1 br in Town Square (AED 60,000/year, ~AED 5,000/month) implies a 6.3% gross yield.

Based on 500 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.

Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.

Bedrooms available at Odessa

Frequently asked questions about Odessa

Who is developing Odessa?

Odessa is developed by Nshama, the master developer behind the Town Square community.

Is Town Square a good place to live?

Town Square is designed as a family-oriented community with a 50,000 sqm central park, retail strip with over 250 outlets, cycling and running trails, and schools, making it well suited to families and young professionals seeking space outside the city core.

How far is Odessa from the Town Square park?

Odessa is located approximately five minutes from the community's central park.

How many units and buildings make up the Odessa project?

Odessa is a single building with 178 residential units, configured as G+2 podium levels plus 13 floors and a rooftop.

Where is the project's escrow account held?

The project escrow account is held with First Abu Dhabi Bank, in line with Dubai's regulated off-plan sales framework.

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