Off-planThe Diplomat Residences, Town Square
HIGHLIGHTS
About The Diplomat Residences
The Diplomat Residences is an off-plan residential project in Town Square, Dubai. Spread over six floors, the studio, 1, 2 and 3-bedroom apartments can be booked with a down payment of 10%. The project by Nshama Group is expected to be completed in Q4 2024.
The development will have various fitness options, including a gym and swimming pool, besides leisure facilities like a jogging track, barbecue facility and play area for children. The location will allow easy access to shopping, dining and leisure options, important highways and public transportation.
Town Square is a popular residential locality in Dubai. Located far from the central areas, it has a peaceful environment and is accessible via Al Qudra Road and Emirates Road. The community has several completed and off-plan residential projects.
In a Nutshell
- Type of building: Residential
- Expected date of completion: 2024
- Location: Town Square
- Developer: Nshama Group
- Unit type: Studio, 1, 2 and 3-bedroom apartments
- Amenities: Gym, pool, barbeque area, jogging track and kids’ play area
BUILDING DETAILS
Payment Plan
The payment plan of The Diplomat Residences is quite attractive for investors and home seekers. Here is the payment schedule:
| MILESTONE | INSTALMENT | %PAYMENT |
|---|---|---|
|
MILESTONE 1st installment |
INSTALMENT Down Payment |
%PAYMENT 10% |
|
MILESTONE 2nd Installment |
INSTALMENT March 2023 |
%PAYMENT 10% |
|
MILESTONE 3rd Installment |
INSTALMENT May 2023 |
%PAYMENT 5% |
|
MILESTONE 4th installment |
INSTALMENT August 2023 |
%PAYMENT 5% |
|
MILESTONE 5th Installment |
INSTALMENT February 2024 |
%PAYMENT 10% |
|
MILESTONE 6th Installment |
INSTALMENT August 2024 |
%PAYMENT 10% |
|
MILESTONE 7th Installment |
INSTALMENT On Handover (Dec 2024) |
%PAYMENT 10% |
|
MILESTONE 8th Installment |
INSTALMENT Post Handover (Jun 2025) |
%PAYMENT 10% |
|
MILESTONE 9th Installment |
INSTALMENT Post Handover (Dec 2025) |
%PAYMENT 10% |
|
MILESTONE 10th Installment |
INSTALMENT Post Handover (Jun 2026) |
%PAYMENT 10% |
|
MILESTONE 11th Installment |
INSTALMENT Post Handover (Dec 2026) |
%PAYMENT 10% |
Important takeaways:
- The apartments can be booked with an initial payment of 10%.
- 50% of the property price has to be paid till completion.
- The remaining 40% must be paid in 2 years after handover.
Expected Completion Date
The expected date of completion is Q4, 2024.
Facilities in The Diplomat Residences
IN-HOUSE FACILITIES
There will be a modern gym in The Diplomat Residences. The building will also have a swimming pool and sports facilities like a walking, jogging and cycling track.
PARKING
Residents will get covered parking in The Diplomat Residences.
ELEVATORS
The high-speed elevators in The Diplomat Residences will ensure quick access to all its floors.
SECURITY, CENTRAL AIR-CONDITIONING AND MAINTENANCE SERVICES
The security staff will ensure safety using CCTV cameras. The Diplomat Residences will also have maintenance personnel.
The Diplomat Residences Floor Plans
Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing The Diplomat Residences floor plans.
Apartment Types in The Diplomat Residences
STUDIO APARTMENTS IN THE DIPLOMAT RESIDENCES
Studio apartments in The Diplomat Residences will have an area of 317 sq. ft. The units will feature an open kitchen, marble floors, a dining and sleeping area.
1-BEDROOM APARTMENTS IN THE DIPLOMAT RESIDENCES
1-bedroom apartments in The Diplomat Residences will come with an area of 621 sq. ft. These apartments will feature a modern bathroom, built-in wardrobes and a fitted kitchen. The balcony can be accessed from the living area.
2-BEDROOM APARTMENTS IN THE DIPLOMAT RESIDENCES
2-bedroom apartments in The Diplomat Residences will feature an area of 900 sq. ft. to 907 sq. ft. The units will have a master bedroom with an attached bath along with a common bathroom, a living area, a balcony and an open style fitted kitchen.
3-BEDROOM APARTMENTS IN THE DIPLOMAT RESIDENCES
3-bedroom apartments in The Diplomat Residences will cover an area of 1,460 sq. ft. These units will have three spacious bedrooms. The master bedroom will have an attached bathroom and a small balcony while the second balcony will be accessible through the living/dining area. The apartments will feature a closed-style fitted kitchen, a store room and two common bathrooms.
MOST POPULAR APARTMENT TYPES IN THE DIPLOMAT RESIDENCES
According to Bayut, 2-bedroom flats in The Diplomat Residences enjoy the highest popularity. They are followed by 1-bed apartments in the second spot. 3-bedroom flats take up the third position on the list. Studio apartments rank in the fourth position.
Sales Trends in The Diplomat Residences
Information for average price is currently not available on The Diplomat Residences.
Rental Yield in The Diplomat Residences
1-bed apartments offer the highest ROI in The Diplomat Residences of 8.61%. 2-bedroom flats generate about 8.48% return on investment. Studio apartments offer an ROI of about 6.89%.
NEARBY AMENITIES
Transportation near The Diplomat Residences
BUS STATIONS NEAR THE DIPLOMAT RESIDENCES
Hayat Townhouses Bus Stop is 3 minutes away from the location and is serviced by bus J02.
Restaurants near The Diplomat Residences
Restaurants near The Diplomat Residences by Nshama are:
- Food Circles
- Slate Kitchen & Café
- Bait Jafra
- The Lime Tree Café & Kitchen
- Casa De Ronnie
All the eateries mentioned are located within a 9-minute drive from the development. For Indian food, you can visit Food Circles; for fast food, head over to Slate Kitchen & Cafe.
Supermarkets near The Diplomat Residences
Supermarkets near The Diplomat Residences Town Square Dubai include:
- Carrefour Market
- Spinneys
Both these stores are accessible within an 8-minute drive and are counted among the best supermarkets in Dubai.
Nearby Attractions
- Town Square Park
- Trump International Golf Course
- Dubai Butterfly Garden
Town Square Park
Town Square Park is among the best pet-friendly parks in Dubai and is just 5 minutes away from the location. It is a popular leisure venue with fun activities like the Train Ride, Carousel and Splash Pad.
Trump International Golf Course
Located in DAMAC Hills, Trump International Golf Course is about a 16-minute drive from The Diplomat Residences and is one of the best Golf Clubs in Dubai. Operated by Trump International Organisation, the 18-hole golf course has an area of 55 million sq. ft and is designed by Tiger Woods.
Dubai Butterfly Garden
Known for featuring 15,000 butterflies of more than 26 kinds, Dubai Butterfly Garden is an 18-minute drive from the building. It has 10 custom domes designed to provide and offer an enjoyable experience to the visitors.
FAQs
WHAT ARE THE APARTMENT TYPES IN THE DIPLOMAT RESIDENCES?
The Diplomat Residences Town Square will have studio, 1, 2 and 3-bedroom apartments.
WHEN IS THE DIPLOMAT RESIDENCES EXPECTED TO BE COMPLETED?
The Diplomat Residences Dubai is expected to be completed in Q4 2024.
*Featured image credit: Nshama
