UAE developer launches phase 2 of residences

Ground-breaking on community’s shopping mall to take place in July
UAE developer launches phase 2 of residences
By Staff writer
Thu 11 May 2017 08:16 AM

ARADA, a UAE-based developer, will launch the second phase of Nasma Residences after the first phase sold out ahead of schedule.

The new phase will include five-bedroom signature villa, adding to the two and three bedroom townhouses, and four bedroom semi-detached villas already on offer. With phase one scheduled for completion in late 2018, Nasma Residences will feature a total of over 800 villas and townhouses, delivered over four phases.

The developer will commence construction on 6,500 square feet community’s shopping centre, Nasma Square, in July.

ARADA’s 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 5 million square feet, 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; children’s nursery and full-service medical clinic; an international school; and Nasma Square, a retail mall.

Prices for home start from AED995,000, a company statement said.

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