- First Phase of Nasma Residences sells out less than a month after launch
- ARADA’s debut project is Sharjah’s fastest-selling residential community
- New release of Signature Villas to go on sale from 13 May
- Ground-breaking on community’s shopping mall, Nasma Square, to take place in July
Sharjah, United Arab Emirates: 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. Investors flocked to take advantage of Nasma Residences’ carefully masterplanned community, ample green space and generous facilities.
As part of Phase 2, 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 semi-detached 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 center, Nasma Square, will begin in July. The 6,500 sq. ft. 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 1 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 vibrant cultural and business hub.
ARADA’s Chairman, HE 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 5 million sq. ft., 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 four community offerings: a 13-acre lushly 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 Nasma Square, a retail mall.
Nasma Residences offers a superior location in the heart of new Sharjah. It 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 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 1,500 sq. ft. to 4,400 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.
Interested buyers may find out more about Nasma Residences by visiting the sales centre located at the Radisson Blu Sharjah in the Views Beachfront Meeting Space from 10:00am to 7:00pm Saturday-Thursday.
ARADA is a partnership enterprise dedicated to the creation of prime residential properties. Headquartered in the United Arab Emirates, ARADA commenced operations in early December 2016 with a focus on ‘creating communities’ aiming to address the ever-expanding mid-market segment. ARADA has been jointly founded by HRH Prince Khaled bin Alwaleed bin Talal, founding Chairman of KBW Investments, and HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Basma Group, with the intention of delivering superior properties to the UAE real estate segment.
About Basma Group Sharjah:
Basma Group was founded in 2005 in the Emirate of Sharjah. Chaired by HE Sheikh Sultan bin Ahmed Al Qasimi, the Group is operating in the field of investments in economic projects. Basma Group achieved strategic partnerships and contributions in various sectors, including commercial real estate, agricultural and environmental services. Basma Group strives to constantly introduce new concepts toward growing further in becoming a pioneer in developing and contributing in new ventures.
About KBW Investments:
KBW Investments, founded and chaired by HRH Prince Khaled bin Alwaleed bin Talal, works across a number of sectors including construction, finance, consultancy, and development. With a diversified portfolio presence in three continents, the Group’s focus is synergistic acquisitions and company formations to continue to build on existing strengths and further develop KBW Investments brands. The Group, actively investing in both large scale companies and early stage startups, is headquartered in Dubai, United Arab Emirates.