Jun 20 2018   | Source: tradearabia.com 

Arada to launch key phase of Sharjah community project

Arada, the UAE’s newest developer of key residential properties, is launching Phase Four of its premium Sharjah community, Nasma Residences, following exceptional sales in the project’s earlier phases.

The release of 302 units in this key phase will see the introduction of the Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families, into the community, said a statement from Arada.

Featuring a clean, modernist design that makes the best use of available space, Bareem Townhouses are priced extremely competitively, in line with Arada’s commitment to provide impeccably built homes at a price point that is accessible for everyone.

Spread over a 5-million-sq-ft area, Nasma Residences has been carefully planned to ensure a balance between living areas and community facilities.

Keeping homeowners’ comfort and convenience top of mind, Nasma Residences will be anchored by a number of community offerings: a 13-acre lushly landscaped park with cycling and jogging tracks and large play areas; a multi-purpose community centre with a club-house offering sports and recreation facilities; children’s nursery and full-service medical clinic.

According to Arada, the infrastructure contract for the project has been awarded to Darwish Engineering Emirates.

Work on Nasma Residences is progressing rapidly, with Phase One now 35 per cent complete and on track to be delivered by the end of this year. Mobilisation on Phase Two took place earlier this year, and the main contract for Phase Three construction is expected to be awarded in July, stated the developer.

On the project's progress, Arada said work on the community’s 6,500-sq-ft shopping centre had reached ground floor level, and was expected to be completed by the end of the year.

Chairman Sheikh Sultan bin Ahmed Al Qasimi said: "With only one more phase to come before Arada’s first project, Nasma Residences, is completely sold out, we are expecting a significant response from investors and end-users."

Launched in March 2017, Nasma Residences sold out the first of the community’s five phases in less than a month, making it the fastest-selling residential real estate project in Sharjah. The project, which boasts more than 800 homes, as well as a community centre and parks, is scheduled to be completed by the end of 2019.

"The Bareem Townhouses at Nasma Residences are an excellent addition to the homes on offer at this well-designed community; they have been created with owners’ interests at heart, and we look forward to delivering them towards the end of next year," noted Al Qassimi.

These townhouses will be launched during a special sales event at the Ritz-Carlton, DIFC, on Saturday (June 23) evening.

Nasma Residences offers a superior location in the heart of new Sharjah. It is located at the intersection of Emirates Road (E611) and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the new state-of-the-art Sharjah Convention Centre. It is also just 15 minutes from Sharjah International Airport and Sharjah University City. The location is ideal for a convenient and traffic-free commute from Sharjah to Dubai or the Northern Emirates.

With homes ranging in size from 1,400 sq ft to 4,400 sq ft, complemented by generous plots, there is an offering to suit every prospective homeowner. With homes starting from Dh899,000, it offers an attractive opportunity for investors who want to buy in a lively new urban destination, said the Sharjah developer.

Also available in Phase Four, which is due to be handed over to owners by the end of 2019, are a select number of the Sharjah developer's four- and five-bedroom signature villas, it added.

 

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