Ascot Residences, Town Square
Ascot Residences is a low-rise apartment building in Town Square, DubaiLand, developed by Nshama Development. Construction began in February 2023 and the building was handed over by November 2024, offering studio to three-bedroom apartments. This guide covers Ascot Residences' developer, unit types, pricing and honest Airbnb income potential, with links to the sister Building Guides already published for Town Square. Management is available from Royale Stays for a fee starting from 15%.
Developer
Nshama Development
Unit types
Studio to 3-bedroom apartments
Handover
November 2024
Location
Town Square, DubaiLand
About Ascot Residences
Ascot Residences is a low-rise residential building in Town Square, DubaiLand, developed by Nshama Development through its subsidiary Nshama Properties. Construction began in February 2023, and the building was handed over by November 2024, reaching full construction sign-off by early 2025. It offers a mix of studio, one-, two- and three-bedroom apartments.
Developer, timeline and unit mix are cross-confirmed across the developer's own official site (nshama.ae), Propsearch.ae, Tanami Properties and the independent Ascot Residences project microsite (ascot-residence.com). Storey count is NOT stated here: Propsearch.ae lists the building at 6 storeys, while ascot-residence.com's own copy describes it as a 5-storey project, a genuine cross-source conflict. Both sources agree the building is low-rise, so that qualitative description is used instead of an unresolved exact figure.
Location & Nearby Landmarks
Ascot Residences sits within Town Square, a large master-planned community in DubaiLand (Dubai Land Department registration area Al Yelayiss 2), built around Town Square Park. Noor Community Park (0.2 km), Hayat Park (0.4 km) and Town Square Park itself (0.7 km) are all within a short walk, and the community is roughly 20 minutes' drive from Downtown Dubai.
Further afield, Global Village (7.8 km), Dubai Miracle Garden (8.5 km) and IMG Worlds of Adventure (9.5 km) are all within a short drive, along with Trump International Golf Club (5.1 km) and Arabian Ranches Golf Club (6.4 km). Families have Dubai British School Mira (0.9 km) and Dubai International Academy Town Square (2.0 km) nearby.
Three other Royale Stays Building Guides already cover Town Square and are worth checking for comparison: Una Apartments, Liva Apartments and Town Square Safi 1A.
Unit Types
Ascot Residences offers studio, one-, two- and three-bedroom apartments. Reported sizes run from around 318 sq ft for a studio up to roughly 1,293 to 1,402 sq ft for a three-bedroom unit, with one-bedrooms around 555 to 567 sq ft and two-bedrooms around 829 to 859 sq ft, depending on layout.
Sources: Propsearch.ae's Ascot Residences building guide and Tanami Properties' project listing page, whose overall size ranges (roughly 318 to 1,293-1,402 sq ft) closely agree.
Amenities
Shared amenities at Ascot Residences include a swimming pool, gymnasium and fitness centre, barbecue areas, a basketball court, a football pitch, cycle routes, jogging trails, a kids' play area with splash pad, a skate park, a squash court, and a dog park. A mosque, nurseries, pharmacies, supermarkets and cafes are also close by within the Town Square community.
Transportation & Access
Town Square is a car-dependent suburban community with no confirmed Metro or Tram access. Ascot Residences is roughly 20 minutes' drive from Downtown Dubai via Al Qudra Road, so a car, whether owned, taxi or ride-hailing, is the practical way to get around.
Sale Prices & What to Expect
Dubai Land Department-recorded sale transactions in 2026 show a studio at Ascot Residences selling for AED 510,000 (318 sq ft), and two-bedroom units selling for AED 1,200,000 to AED 1,340,000 (923 to 907 sq ft). Current asking prices start from around AED 850,000 per Tanami Properties' live listing page, higher than the DLD-recorded studio sale, consistent with normal asking-versus-sold variance.
Separately, mortgage registration records from the same period (loan values, not necessarily the final sale price) ranged AED 660,000 to 1,080,000 for two-bedroom units, AED 680,000 for a one-bedroom and AED 1,600,000 for a three-bedroom. Sources: Propsearch.ae's embedded Dubai Land Department transaction records and Tanami Properties' listing page.
Airbnb & Short-Term Rental Income Potential
Ascot Residences is a standard residential apartment building developed by Nshama, not a hotel or serviced-apartment brand, so there is no confirmed policy barrier to running a licensed Dubai holiday home here. Town Square already has real, active short-term rental demand: deluxehomes.com, a direct competitor, runs a dedicated short-term rental page for a neighbouring Town Square building (Rawda 1), though no listing tied specifically to Ascot Residences was found during this research.
Every short-term rental in Dubai requires a DTCM holiday home permit, applied for directly by the owner in a standard residential building like Ascot Residences. Royale Stays can manage the listing, covering furnishing, photography, pricing, check-in and guest communications, for a fee starting from 15%. See Royale Stays' Dubai holiday home permit guide for the current permit process, or the wider Airbnb property management in Dubai guide for how Royale Stays runs a listing end to end.
Questions