Developer ARADA unveiled the Phase 4 of its Sharjah community, Nasma Residences, following impressive sales in the projects earlier phases.
The release of 302 units in Phase 4 will also include the launch of the Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families.
Featuring a clean, modernist design that makes the best use of available space, the Bareem Townhouses are priced extremely competitively, in line with ARADAs commitment to provide impeccably built homes at a price point that is accessible for everyone. Also available in Phase 4, which is due to be handed over to owners by the end of 2019, are a select number of ARADAs four- and five-bedroom Signature Villas.
HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of ARADA, said: With only one more phase to come before ARADAs first project, Nasma Residences, is completely sold out, we are expecting a significant response from investors and end-users. The Bareem Townhouses at Nasma Residences are an excellent addition to the homes on offer at this well-designed community; they have been created with owners interests at heart, and we look forward to delivering them towards the end of next year.
Work on Nasma Residences is progressing rapidly, with Phase 1 now 35% complete and on track to be delivered by the end of this year. Mobilisation on Phase 2 took place earlier this year, and the main contract for Phase 3 construction is expected to be awarded in July.
ARADA has also announced that the infrastructure contract for Nasma Residences has been awarded to Darwish Engineering Emirates, and that work on the communitys 604sqm shopping centre has reached ground floor level, and is expected to be completed by the end of this year.
Launched in March 2017, Nasma Residences sold out the first of the communitys five phases in less than a month, making it the fastest-selling residential real estate project in Sharjah. In total, the project contains more than 800 homes, as well as a community centre called Nasma Square, parks and a GEMS international school, and is scheduled to be completed by the end of 2019.
With homes ranging in size from 130 to 408sqm, complemented by generous plots, there is an offering to suit every prospective homeowner. With homes starting from AED899,000, it offers an attractive opportunity for investors who want to buy in a lively new urban destination.