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Grove

by NSHAMA PROPERTIES OWNED BY NSHMI DEVELOPMENT ONE PERSON COMPANY L.L.C·TOWN SQUAREResidentialFreeholdOff-plan Heavy

Development & Handover Profile

⏳ Not Started

Construction Progress0.5%

Project Start

May 20, 2024

Expected Handover

N/A

Official Status

NOT_STARTED

Total Units

378

Avg Unit Size

970 sqft

Freehold Ratio

100%

Escrow Agent

First Abu Dhabi Bank

Median Price

AED 1.16M

PSF

AED 1,202/sqft

Sales 12M

vs Area

-3.0%

Asset Turnover

ⓘ

1.3%

Liquidity (12M)

Physical Inventory Profile

Total Registered Units

378

Avg Unit Size

970 sqft

1BR

35.2%

2BR

54.5%

3BR

8.2%

2.1%

Room Configuration

Unit Type	Count	Share
2BR	206	54.5%
1BR	133	35.2%
3BR	31	8.2%
NA	8	2.1%

Price & Volume Trend

Unit Liquidity Matrix

Compares physical inventory against actual 12M sales volume. A Demand Index near 1.0 indicates a perfectly balanced secondary market for that unit type.

Unit Type	Inventory Share	Sales Share (12M)	Demand Index	Status
2BR	55.7% 206 units	73.8% 31 sold	1.32	🔥 HIGH DEMAND
1BR	35.9% 133 units	21.4% 9 sold	0.60	⚠️ LOW DEMAND
3BR	8.4% 31 units	4.8% 2 sold	0.57	⚠️ STAGNANT

Recent Transactions

Date	Area	Rooms	Price	PSF	Status	Ownership
12 Oct 2026 Published 13 Oct 2026	TOWN SQUARE	2BR	AED 1.43M	AED 854/sqft	Off-plan	Freehold
6 Oct 2026	TOWN SQUARE	2BR	AED 1.25M	AED 1,241/sqft	Off-plan	Freehold
28 Sep 2026	TOWN SQUARE	2BR	AED 1.32M	AED 1,320/sqft	Off-plan	Freehold
25 Sep 2026 Published 28 Sep 2026	TOWN SQUARE	2BR	AED 1.44M	AED 1,436/sqft	Off-plan	Freehold
18 Sep 2026 Published 21 Sep 2026	TOWN SQUARE	2BR	AED 2.05M	AED 2,005/sqft	Off-plan	Freehold
27 Aug 2026	TOWN SQUARE	2BR	AED 1.28M	AED 1,356/sqft	Off-plan	Freehold
24 Aug 2026	TOWN SQUARE	2BR	AED 1.32M	AED 1,059/sqft	Off-plan	Freehold
20 Aug 2026	TOWN SQUARE	1BR	AED 935K	AED 1,429/sqft	Off-plan	Freehold
3 Aug 2026 Published 4 Aug 2026	TOWN SQUARE	2BR	AED 1.35M	AED 1,259/sqft	Off-plan	Freehold
24 Jul 2026 Published 27 Jul 2026	TOWN SQUARE	2BR	AED 1.26M	AED 1,313/sqft	Off-plan	Freehold
22 Jul 2026	TOWN SQUARE	2BR	AED 1.30M	AED 1,209/sqft	Off-plan	Freehold
7 Jul 2026	TOWN SQUARE	1BR	AED 1.25M	AED 1,126/sqft	Off-plan	Freehold
3 Jul 2026 Published 6 Jul 2026	TOWN SQUARE	2BR	AED 1.41M	AED 907/sqft	Off-plan	Freehold
3 Jul 2026 Published 6 Jul 2026	TOWN SQUARE	1BR	AED 960K	AED 1,468/sqft	Off-plan	Freehold
30 Jun 2026	TOWN SQUARE	2BR	AED 1.46M	AED 1,405/sqft	Off-plan	Freehold
17 Jun 2026 Published 18 Jun 2026	TOWN SQUARE	2BR	AED 1.53M	AED 1,467/sqft	Off-plan	Freehold
12 Jun 2026	TOWN SQUARE	2BR	AED 1.45M	AED 1,514/sqft	Off-plan	Freehold
11 Jun 2026	TOWN SQUARE	1BR	AED 830K	AED 1,290/sqft	Off-plan	Freehold
18 May 2026 Published 19 May 2026	TOWN SQUARE	2BR	AED 1.30M	AED 1,178/sqft	Off-plan	Freehold
15 May 2026 Published 18 May 2026	TOWN SQUARE	2BR	AED 1.39M	AED 1,386/sqft	Off-plan	Freehold
14 May 2026	TOWN SQUARE	2BR	AED 1.59M	AED 1,208/sqft	Off-plan	Freehold
7 May 2026	TOWN SQUARE	2BR	AED 1.31M	AED 1,279/sqft	Off-plan	Freehold
30 Apr 2026	TOWN SQUARE	2BR	AED 1.42M	AED 1,321/sqft	Off-plan	Freehold
24 Apr 2026	TOWN SQUARE	2BR	AED 1.48M	AED 1,440/sqft	Off-plan	Freehold
10 Apr 2026 Published 13 Apr 2026	TOWN SQUARE	3BR	AED 1.91M	AED 1,248/sqft	Off-plan	Freehold
7 Apr 2026	TOWN SQUARE	2BR	AED 1.52M	AED 1,515/sqft	Off-plan	Freehold
23 Mar 2026	TOWN SQUARE	2BR	AED 1.39M	AED 1,380/sqft	Off-plan	Freehold
23 Mar 2026 Published 24 Mar 2026	TOWN SQUARE	1BR	AED 900K	AED 1,372/sqft	Off-plan	Freehold
18 Mar 2026	TOWN SQUARE	2BR	AED 1.55M	AED 1,491/sqft	Off-plan	Freehold
17 Feb 2026 Published 18 Feb 2026	TOWN SQUARE	2BR	AED 1.38M	AED 1,438/sqft	Off-plan	Freehold