Sharjah’s realty sector gets another boost
sharjah — Arada, the UAE’s newest developer, is launching the second phase of Nasma Residences after unprecedented buyer demand for the Sharjah residential community resulted in the first phase selling out ahead of schedule.
As part of phase two, Nasma Residences’ five-bedroom Signature Villa will also be available to purchase for the first time, adding to the two- and three-bedroom townhouses, and four-bedroom semidetached villas already on offer.
In a sign that development of further amenities at Nasma Residences is taking place alongside home sales, Arada has also confirmed that construction on the community’s shopping centre, Nasma Square, will begin in July. The 6,500 sqft mall will feature a large-scale anchor shopping experience, complemented by a range of casual dining outlets, to service residents not only of Nasma Residences but adjacent communities as well.
With phase one scheduled for completion in late-2018, Nasma Residences will feature a total of over 800 contemporary villas and townhouses, delivered over four phases, as well as a host of community facilities in the heart of a cultural and business hub.
Arada Chairman Sheikh Sultan bin Ahmed Al Qasimi said: “We are delighted to see strong interest from end-users in Nasma Residences. This is confirmation not only of the community’s excellent location and product choice, but also of the outstanding amenities that our residents will be able to enjoy once Nasma Residences is complete. We also see this as a strong indication of investor confidence in Sharjah itself, largely thanks to the government’s efforts to encourage more urban communities with large green spaces.”
Spread over an area of five million sqft, Nasma Residences has been carefully planned to ensure a balance between living areas and community
We also see [robust sales of Nasma units] as a strong indication of consumer confidence in Sharjah itself Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada
facilities. Nasma Residences will 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; a children’s nursery and full-service medical clinic; an international school; and Nasma Square. Nasma Residences’ location is ideal for a convenient and traffic-free commute from Sharjah to Dubai or the Northern Emirates.
Homes will range from 1,500 sqft to 4,400 sqft complemented by generous plots, and will start at Dh995,000.