Works on Nasma Residences Phase 1 on track, says ARADA
Sharjah developer ARADA announced that construction in Phase 1 of its Nasma Residences is now 60% complete, as it gears up to start handing over units at the end of 2018.
In addition, the finishing touches have been put 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 is 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 46ha community.
HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of ARADA, 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 1 of Nasma Residences has been matched in Phase 2, where development is now 20% complete. Meanwhile, work on Nasma Square, the 604sqm shopping mall for the community, has reached the project’s first floor and is expected 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.
Launched in March 2017, Nasma Residences sold out the first of the community’s five phases in less than a month. In total, Nasma Residences contains more than 800 homes, as well as Nasma Square, a fully fledged community centre, and a GEMS international school.
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.
Nasma Residences 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.
With homes ranging in size from 130sqm to 409sqm, complemented by generous plots, homes start from AED 899,000 and offers an attractive opportunity for investors who want to buy in a new urban destination.