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UAE developer Arada launches Phase 3 of Nasma Residences

UAE-based developer Arada has unveiled the launch of Phase 3 of its Nasma Residences masterplanned development in Sharjah

Nasma Residences masterplanned development in Sharjah.
Nasma Residences masterplanned development in Sharjah.

UAE-based developer Arada has unveiled the launch of Phase 3 of its Nasma Residences masterplanned development in Sharjah.

Phase 3 will incorporate an entirely new unit, the Three Bedroom Signature Villa. Other units on sale include two-, three-, and four-bedroom townhouses and semi-detached villas, and four- and five-bedroom detached signature villas.

Enabling work on the project began in September with contracts awarded for Phase 1 and 2 of the fully self-sustained villa and townhouse community, the developer said in a statement.

The main construction contract for work on Phase 1 of Nasma Residences was awarded to Sharjah-based Intermass Engineering & Contracting LLC.

 

Arada is on track to deliver Phase 1 by the end of 2018.

Launched in March 2017, Arada experienced strong sales in Phase 2 of the masterplanned project, selling out the first of the community’s five phases in less than a month

Spread over an area of 464,515m2, Nasma Residences is the fastest-selling residential real estate project in Sharjah. Unit sizes range from 140m2 to 408m2 and will have a starting price of nearly $285,000 (AED1m).

Amenities will include 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, and Nasma Square, a retail mall.

Arada has also announced a deal to open a GEMS international school within the community.

HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: “We’re excited to launch Phase 3 of Nasma Residences, and to have started construction of our first project on schedule.

“Furthermore, the new GEMS school reinforces our commitment to providing a fully inclusive experience to every homeowner in Nasma Residences.

“Our vision is that every resident should be able to access best-in-class services, including a high-quality, international education for their children, all within a beautifully designed and landscaped community.” 

 

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Construction Week - Issue 747
Aug 03, 2019