SHAR­JAH’S ARADA AWARDS NASMA RES­I­DENCES PHASE 2 CON­STRUC­TION CON­TRACTS

ARADA has awarded main con­struc­tion con­tracts for phase 2 of Nasma Res­i­dences, a fully self-sus­tained villa and town­house com­mu­nity in the heart of Shar­jah, to two sep­a­rate com­pa­nies.

Construction BusinessNews Middle East - - Update -

Shar­jah-based In­ter­mass En­gi­neer­ing and Con­tract­ing and Klampfer Mid­dle East, a joint ven­ture be­tween Basma Group and KBW In­vest­ments, will con­struct the 18 vil­las and town­houses that make up phase 2 of ARADA’S lrst project. Mo­bil­i­sa­tion on site be­gan in Fe­bru­ary, and han­dover of units to home­own­ers is sched­uled for the lrst Quar­ter of 2019.

Launched in March 2017, Nasma Res­i­dences sold out the lrst of the com­mu­nity’s lve phases in less than a month, mak­ing it the fastest-sell­ing res­i­den­tial real es­tate project in Shar­jah. In to­tal, the project con­tains 800 homes, and is sched­uled to be com­pleted by the end of 2019.

The main con­struc­tion con­tract for work on phase 1 of Nasma Res­i­dences was also awarded to In­ter­mass En­gi­neer­ing and Con­tract­ing. En­abling works be­gan on site in Septem­ber last year, and the lrst phase is on track to be de­liv­ered to buy­ers by the end of 2018.

The news fol­lows the an­nounce­ment in De­cem­ber that the world’s largest pri­vate ed­u­ca­tion op­er­a­tor, GEMS, will open an in­ter­na­tional school in Nasma Res­i­dences, en­sur­ing that home­own­ers in the com­mu­nity have ac­cess to premium ed­u­ca­tion for their chil­dren on their doorstep.

HE Sheikh Sul­tan bin Ahmed Al Qasimi, chair­man of ARADA, said: “This year is hugely im­por­tant one for Nasma Res­i­dences, as we work to­wards hand­ing over our lrst homes in the lnal Quar­ter. These con­tracts for phase 2 of this com­mu­nity shows our com­mit­ment to home­buy­ers to move Quickly and de­liver on sched­ule.” Spread over an area of 6 ,515sqm, Nasma Res­i­dences has been care­fully planned to en­sure a bal­ance be­tween liv­ing ar­eas and com­mu­nity fa­cil­i­ties. The res­i­dences will be an­chored by a num­ber of com­mu­nity of­fer­ings – a 1 -acre lush land­scaped park with cy­cling and jog­ging tracks and large play ar­eas; a multi-pur­pose com­mu­nity cen­tre with club­house of­fer­ing sports and recre­ation fa­cil­i­ties; chil­dren’s nurs­ery and full-ser­vice med­i­cal clinic; the GEMS in­ter­na­tional school; and Nasma Square, a re­tail mall.

With homes rang­ing in size from 1 9sqm to 08sqm, com­ple­mented by gen­er­ous plots, there is an of­fer­ing to suit every prospec­tive home­owner. With homes start­ing from AED1.0 mn, it of­fers an at­trac­tive op­por­tu­nity for in­vestors who want to buy in a lively new ur­ban des­ti­na­tion.

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