Construction & Real Estate

Arada launches new villas at Nasma Residences

Arada, a leading UAE developer, has announced the launch of a new type of property, the Sama Majlis Villa, at its Nasma Residences community in the heart of New Sharjah. 
 
The developer confirmed that construction work on the project's first phase is 20 per cent complete and that Arada is on schedule to deliver its first homes to buyers by the end of this year.
 
The Sama Majlis Villa is a four-bedroom independent property with an open-air majlis based on an upstairs terrace. The exceptionally designed home was launched at a special sales event held on March 10, where it met with significant interest from investors from around the UAE and beyond. 
 
Other units on sale at Nasma Residences include two-, three- and four-bedroom townhouses and semi-detached villas, and four- and five-bedroom signature villas.
 
The Sama Majlis Villa is being sold in Phase Three of Nasma Residences, an 800-villa and townhouse community ideally located adjacent to Emirates Road and Maliha Road. 
 
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.
 
The main construction contract for work on Phase One of Nasma Residences was awarded to Intermass Engineering & Contracting, while contracts for Phase Two were won by two separate companies: Intermass and Klampfer Middle East. Work on Phase Two has already commenced, with excavation and foundation works under way. Arada expects to award the contract for Phase Three in May, with the entire community scheduled to be completed by the end of 2019.
 
Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: "With construction work on the first phase of Nasma Residences already a fifth complete, we are on course to deliver Arada's first homes by the end of this year. The introduction of the Sama Majlis Villa also shows our intention to provide a wide portfolio of beautifully designed homes for both investors and end-users."
 
Spread over an area of 5 million sq ft, Nasma Residences has been carefully planned to ensure a balance between living areas and community facilities. Keeping homeowners' comfort and convenience top of 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 club house offering sports and recreation facilities; children's nursery and full-service medical clinic; a Gems international school; and Nasma Square, a 70,000-sq-ft retail mall.
 
With homes ranging in size from 1,500 sq ft to 4,400 sq ft, complemented by generous plots, there is an offering to suit every prospective homeowner. Homes start from Dh1.04 million ($284,511). - TradeArabia News Service