Arada has announced that construction of phase 1 of its Nasma Residences project in Sharjah is now 60% complete
Developer Arada has announced that construction of phase 1 of its Nasma Residences project in Sharjah is now 60 percent complete, with plans to start handing over units at the end of this year.
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 company said.
It added that the construction progress in phase 1 of Nasma Residences has been matched in phase 2, where development is now 20 percent complete.
Meanwhile, work on Nasma Square, the 6,500 square foot 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.
The news follows the launch of phase 4 sales in July, which also saw the introduction of the Bareem Townhouses
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.
In total, Nasma Residences contains more than 800 homes, as well as Nasma Square, a community centre, and a GEMS international school.
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 Sharjah Botanic Garden.