Updated 3 October 2026 · Source: Dubai Land Department records · All Dubai area guides
What does a studio apartment cost in Town Square?
The median studio apartment in Town Square sold for AED 560,000 over the past 12 months, across 51 DLD-recorded sales. Renting one costs a median of AED 40,950 a year, about AED 3,413 a month, based on 549 Ejari contracts. For comparison, a 1-bedroom went for AED 1.03M, a 2-bedroom for AED 1.53M, a 3-bedroom for AED 2.3M.
DLD records Town Square under the official district name Al Yelayiss 2. Figures on this page cover that whole district.
Town Square prices and rents by bedroom
| Type | Median price | Sales | Median annual rent | Contracts |
|---|---|---|---|---|
| Studio | AED 560,000 | 51 | AED 40,950 | 549 |
| 1-Bedroom | AED 1,029,444 | 492 | AED 57,350 | 2,930 |
| 2-Bedroom | AED 1,526,888 | 709 | AED 82,000 | 2,917 |
| 3-Bedroom | AED 2,300,000 | 109 | AED 120,000 | 609 |
Sources: DLD-recorded sales (12 months) and Ejari rent contracts (24 months), to 3 October 2026. DLD district: Al Yelayiss 2.
Rows with fewer than 30 records are left out.
Is a studio in Town Square good value?
A studio in Town Square costs about 13.7 years of median rent to buy. Across the district, price per sq ft is down 6.1% on a year earlier.
Renting a studio in Town Square: what to know
For landlords, the area's gross yield was 5.7% in the September 2026 report. Contracts are annual, and most landlords ask for payment in one to four cheques. Offering fewer cheques is often the easiest way to negotiate the rent down.
Town Square price per sq ft, quarter by quarter
From Q4 2024 to Q3 2026, the median price per square foot in Town Square went from AED 1,247 to AED 1,385, up 11.1%. The table lists every quarter with at least 10 recorded sales.
| Quarter | Median AED per sq ft |
|---|---|
| Q3 2026 | AED 1,385 |
| Q2 2026 | AED 1,432 |
| Q1 2026 | AED 1,611 |
| Q4 2025 | AED 1,518 |
| Q3 2025 | AED 1,448 |
| Q2 2025 | AED 1,397 |
| Q1 2025 | AED 1,339 |
| Q4 2024 | AED 1,247 |
Source: DLD-recorded sales, quarters with at least 10 sales. DLD district: Al Yelayiss 2.
Market reports
For the wider picture, read our monthly reports built from the same DLD records.
- Dubai market report, August 2026: Prices firm as volume slips in August. A pause, or a turn?
Before you buy in Town Square
- Ask for the service charge per sq ft and the last two years of statements.
- Check whether the unit is ready or off-plan. For off-plan, get the handover date and payment plan in writing.
- Compare the asking price with recorded sales in the same building, not just the area median.
- Get mortgage pre-approval before you make an offer, so you know your real budget.
Questions buyers and owners ask
How many studio apartments sold in Town Square last year?
DLD recorded 51 sales of studio apartments in the 12 months to 3 October 2026, at a median of AED 560,000.
Is AED 40,950 a fair rent for a studio in Town Square?
It's the median, so half of the 549 recent contracts were above it and half below. Floor, view and furnishing move the number.
Are most studio sales in Town Square off-plan?
Off-plan made up 7.8% of studio sales over the past 12 months.
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