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Sharjah: ARADA launches maiden project

Fledgling UAE developer ARADA has launched the company’s first project in Sharjah, an 800 unit master-planned community with a host of facilities.

With an expected completion date for late 2018, Nasma Residences will offer a choice of two and three bedroom townhouses, four bedroom semi-detached homes and five bedroom signature villas.

The development will expand over 5 million sq. ft. of land area and be anchored by four community offerings: a 13 acre 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; an international school; and a retail mall offering a large-scale anchor shopping experience for day-to-day and specialty needs and a range of casual dining experiences.

ARADA is a joint venture founded by KBW Investments Chairman HRH Prince Khaled bin Alwaleed bin Talal and Basma Group Chairman HE Sheikh Sultan bin Ahmed Al Qasimi.

HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of ARADA, said: “We are very 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. 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.”

Nasma Residences is located at the intersection of Emirates Road Highway #611 and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the new Sharjah Convention Centre.

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 AED 995,000, it offers an attractive opportunity for investors who want to buy in a lively new urban destination.

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