Tuesday 29 September 2020

Arada's Sharjah residential project 60pc complete

SHARJAH, September 3, 2018

UAE developer Arada has announced that construction in Phase One of its community development, Nasma Residences, is progressing at a steady pace with nearly 60 per cent of the work already completed and on track for handover by the end of this year.

Nasma Residences offers a superior location in the heart of one of Sharjah's most energetic and fast-growing areas. It is located at the intersection of Emirates Road (E611) and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the recently announced Sharjah Botanic Garden.

It is also just 15 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.

In addition to the fast track work, the Sharjah developer is also giving finishing touches to the development's first completed property, a semi-detached villa, which is now open to the public as a Show Home.

The Show Home will be located on the north-eastern corner of Nasma Residences, adjacent to a pop-up sales centre and a viewing platform that will allow interested buyers to view the whole of the 5 million sq ft community.

Arada Chairman Sheikh Sultan bin Ahmed Al Qasimi said: "The opening of this Show Home - which doubles up as our first completed property - is the perfect way to show that Arada is delivering on its promises. We believe this will give potential homebuyers a unique opportunity to see, touch and enjoy the incredible living experience we are creating at Nasma Residences."

The rapid construction progress in Phase One of Nasma Residences has been matched in Phase Two, where development is now 20 per cent complete.

Meanwhile, work on Nasma Square, the 6,500 sq-ft shopping mall for the community, has reached the project's first floor, and is expected to be completed by the end of this year.

Arada has also confirmed that over 500 homes have now been purchased at the community, which is now almost two thirds sold out, said the top official.

The news comes following the launch of Phase Four sales in July, which also saw the introduction of the Bareem Townhouses, a stylish collection of competitively priced two- and three-bedroom homes at the project.

Launched in March 2017, Nasma Residences sold out the first of the community's five phases in less than a month, making it the fastest-selling residential real estate project in Sharjah. It has been carefully planned to ensure a balance between living areas and community facilities.

In total, Nasma Residences contains more than 800 homes, as well as Nasma Square, a fully fledged community centre, and a GEMS international school.

With homes ranging in size from 1,400 sq. ft. to 4,400 sq. ft, complemented by generous plots, there is an offering to suit every prospective homeowner. Starting from Dh899,000, Nasma Residences offers an attractive opportunity for investors who want to buy in a lively new urban destination.

The development also makes use of lush green spaces, including a 13-acre landscaped destination park that incorporates cycling and jogging tracks, as well as large play areas, and two smaller public parks. The entire project is scheduled to be completed by the end of 2019.-TradeArabia News Service

Tags: UAE | Sharjah | Residential project | Arada |

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