Olbia
- Apartments
- Duplexes
- Bedrooms
- 1–3 BR
- Size
- On request
- Payment plan
- On request
- Completion
- Pre-launch
- Available
- 156 / 156
- Handover
- Q3 2028
About Olbia
Olbia Apartments in Town Square
Olbia is a single-tower development of 156 units within Town Square, configured as ground plus two podium levels plus 10 residential floors with parking across the ground and podium floors. The building offers a collection of 1, 2 and 3-bedroom apartments alongside larger 3-bedroom duplex units, giving buyers a spread of layouts within one address.
Construction is scheduled to begin January 2026 with handover targeted for May 2028. The project is developed by Nshama, the master developer behind Town Square, and sits adjacent to The Promenade, the community's newest retail and dining boulevard.
Architecture & Interior Design
OLBIA's design language favours clean, sleek facades over ornamentation, positioning the building as a modern counterpoint to Town Square's earlier, more traditional low-rise blocks. Interiors are laid out around open-plan dining and living areas designed to maximise natural light and everyday flow.
Bedrooms come with generous built-in wardrobe storage, and master suites include en-suite bathrooms. The layouts are built for practicality first, with functional circulation between living, dining and sleeping zones rather than oversized showcase spaces.
Town Square Community Facilities
Town Square is built around a 50,000 sqm central park, 260,000 sqm of greenery, 13 km of cycling trails and a 10 km running track, plus over 250 retail outlets and 8,000 sqm of sports arenas across the wider masterplan. Olbia's residents draw on this shared infrastructure rather than a standalone amenity stack.
Within the building itself, recreational facilities include a swimming pool, gym, kids' play areas, a BBQ area, a pet washroom and direct access to the main park, keeping day-to-day amenity use close to home.
Off Plan Investment Case
As an off plan launch in an established community, Olbia benefits from Town Square's built-out retail base and park infrastructure rather than relying on future phases to deliver amenity value. The mix of standard apartments and duplexes broadens the buyer pool across end-users and investors targeting rental demand in a family-oriented part of Dubai.
With a 2028 handover and construction not yet underway, buyers are entering at the earliest pricing stage of the project's payment plan cycle, a typical entry point for off plan Town Square apartments and off plan projects in the wider community.
Key highlights
- 156 units across a single G+2P+10 tower in Town Square
- 1, 2 and 3-bedroom apartments plus 3-bedroom duplexes
- Positioned directly beside The Promenade retail boulevard
- Handover targeted for May 2028
- Developed by Nshama, master developer of Town Square
- Access to Town Square's 50,000 sqm park and 13 km of cycling trails
Why this project
- 156-unit tower beside The Promenade in Town Square, with 1, 2 and 3-bedroom apartments plus 3-bedroom duplexes.
Amenities
- •Swimming pool
- •gym
- •kids' play areas
- •BBQ area
- •pet washroom
- •direct access to main park
- •cycling trails
- •running track
- •retail outlets
Location
Location & Connectivity
Olbia sits directly beside The Promenade, Town Square's landscaped boulevard of cafes and boutique retail, giving residents walkable access to daily conveniences. From the community, Dubai Hills Mall is roughly 20 minutes by car, Burj Al Arab and District 2020 are each around 20 to 25 minutes, and Dubai Mall is approximately 29 minutes away.
Dubai International Airport is about 25 minutes from the community, while Al Maktoum International Airport (DWC) is roughly 28 minutes away, positioning Town Square within reasonable reach of both of Dubai's air gateways despite its position away from the coastal core.
Project information
- Developer
- Nshama
- Location
- Town Square
- Handover
- Q3 2028
- Total units
- 156
- RERA Escrow
- First Abu Dhabi Bank
- DLD Project #
- 3749
DLD-verified today
Project intelligence
Live DLD dataReal Dubai Land Department transactions and rent contracts — not developer marketing.
Olbia — handover progress
0%Resale at Olbia
133 transactions · last 12 months
- 1 BRAED 1,610/sqft64 sales
- 2 BRAED 1,559/sqft60 sales
- 3 BRAED 1,634/sqft9 sales
Town Square market
1 br · 754 sales analyzed
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 Olbia
- 1 Bedroom
- 2 Bedrooms
- 3 Bedrooms
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