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UAE developer Arada launches debut Sharjah project

SHARJAH, March 13, 2017

UAE’s newest developer Arada has today launched Nasma Residences, its inaugural project in Sharjah focused on aspirational yet accessible living in an urban setting.

Arada is a partnership enterprise jointly founded by KBW Investments chairman Prince Khaled bin Alwaleed bin Talal and Basma Group chairman Sheikh Sultan bin Ahmed Al Qasimi.

Residents and investors in the project, which is expected to be completed in late 2018, can now own their homes in a master-planned community of over 800 contemporary residential properties featuring a host of community facilities in the heart of a vibrant cultural and business hub.

Nasma Residences will offer a best-in-class living experience across a choice of two- and three-bedroom townhouses, four-bedroom semi-detached homes and five-bedroom signature villas, said the company chairman.

Addressing investors and residents, Sheikh Sultan said: "We are proud to be launching Nasma Residences just over a month following Arada’s announcement. This is a clear indication of the reliability and credibility that we conveyed to the market from the outset."

The project also translates our aspirations to stay in line with Sharjah leadership’s vision to create urban communities with vast green spaces. Nasma Residences is our value-added proposition to consumers demanding higher living standards combining product quality and affordability," he stated.

"The aesthetically-designed homes will marry form and function and be built with careful workmanship to ensure quality delivery. The development will spread over 5 million sq ft of land area carefully planned to ensure a balance between living areas and community facilities," remarked Sheikh Sultan.

Keeping residents’ comfort and convenience in mind, Nasma Residences will be anchored by four community offerings: a 13-acre lushly landscaped park with cycling and jogging tracks and large play areas; a multi-purpose community centre with a club house offering sports and recreation facilities; a nursery and clinic; an international school; a retail mall and a range of casual dining experiences.
 
"We are confident that the project will be well-received by families and investors who are seeking ergonomically-designed homes in a strategically-located and emerging destination" stated Sheikh Sultan.

Nasma Residences will be known as the hallmark of intelligent design guaranteeing a private living space yet an engaging neighbourhood with over 50 per cent of the masterplan dedicated to community facilities.

With homes ranging in size from 1,500 sq ft to 3,500 sq ft, complemented by generous plots, there is an offering to suit every prospective homeowner. With homes starting at Dh995,000 ($270,800), it offers an attractive opportunity for investors who want to buy in a lively new urban destination.

Interested buyers can get a peek into Arada's debut project at the sales centre in Radisson Blu Sharjah from 10am to 7pm Saturday-Thursday starting from March 21, said Arada in its statement.

Located at the intersection of Emirates Road Highway 611 and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the new state-of-the-art Sharjah Convention Centre, Nasma Residences offers a superior location in the heart of new Sharjah, it stated.

It is also just 10 minutes from Sharjah International Airport and Sharjah University City. The location is ideal for a convenient and traffic-free commute from Sharjah to Dubai or the Northern Emirates, it added.-TradeArabia News Service




Tags: Sharjah | project | UAE developer |

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