Developer Arada has announced the start of the handover process for homes in phase 2 of its Sharjah community, Nasma Residences.
The first set of the 184 villas and townhouses in this phase was completed last week, with the developer now in the process of handing over units to their new owners.
Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: “We’ve been stepping up the pace of handovers since we started delivering homes in phase 1 of Nasma Residences in May. There are now only a limited number of units left for sale at this incredible new community, and we expect to be fully sold out by the end of this year.”
Nasma Residences became Sharjah’s fastest-selling community when its first phase sold out in less than a month.
Launched in March 2017, the project features 968 townhouses and villas in total, delivered over five phases.
Arada said it is on track to hand over homes in phase 3 by the end of the first quarter of 2020, and units in the final two phases by the end of the second quarter of 2020.
Spread over a 5 million square foot area in Al Tay suburb, the heart of New Sharjah, Nasma Residences also hosts a GEMS international school and a 13-acre landscaped park.
Nasma Square, a 70,000 square foot shopping centre, is scheduled to be completed in the first quarter of next year, while Nasma Central, a community space featuring shops, cafes, a gym, a swimming pool and a nursery, is set to open in the third quarter of 2020.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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