UAE-based developer, ARADA, announced the launch of Phase 3 of Nasma Residences, the builder’s first community, after experiencing strong sales in Phase 2 of its masterplanned project.
In addition, ARADA has also confirmed that GEMS will open a school in Nasma Residences. Both announcements come shortly after enabling work began at the fully self-sustained villa and townhouse community located in the heart of New Sharjah.
Phase 3 of Nasma Residences will incorporate an entirely new unit, the three-bedroom signature villa. Other units on sale include two-, three-, and four-bedroom townhouses and semi-detached villas, and four- and five-bedroom detached signature villas.
HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of ARADA, said: Were excited to launch Phase 3 of Nasma Residences and have started construction of our first project on schedule. Furthermore, the new GEMS school reinforces our commitment to providing a fully inclusive experience to every homeowner in Nasma Residences. Our vision is that every resident should be able to access best-in-class services, including a high-quality, international education for their children, all within a beautifully designed and landscaped community.
Dino Varkey, chief executive officer of GEMS Education, said: Were delighted to bring the very highest quality education to Nasma Residences, with a new affordable international school.
Launched in March 2017, Nasma Residences sold out the first of the communitys five phases in less than a month. The main construction contract for work on Phase 1 of Nasma Residences was awarded to Sharjah-based Intermass Engineering & Contracting. Enabling works began onsite on 1 September this year, and the first phase is on track to be delivered to homeowners by the end of 2018.
Spread over an area of 46ha, 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; childrens nursery and full-service medical clinic; the GEMS international school; and Nasma Square, a retail mall.
With homes ranging in size from 139sqm to 408sqm, complemented by generous plots, there is an offering to suit every prospective homeowner. With homes starting from AED1.045mn, it offers an attractive opportunity for investors who want to buy in a lively new urban destination.