UAE-based developer Arada said it has begun the handover process for homes in Phase Three of Nasma Residences, the developer’s premier community spread over a 5-million-sq-ft area in the heart of New Sharjah.
Phase Three at Nasma Residences contains a wide range of townhouses, semi-detached villas and Signature Villas, as well as the Sama Majlis Villa, a four-bedroom home with an open-air majlis based on an upstairs terrace, which is a new offering for the Sharjah market, said the Emirati developer in a statement.
Consisting of 197 villas and townhouses, work on Phase Three of Nasma Residences began in December 2018, with 103 homes in this part of the project already finished. The remaining units will be completed by the month end, it added.
Chairman Sheikh Sultan bin Ahmed Al Qasimi said: “It is a particular source of pride that we have been able to hand over these homes during a challenging period for the real estate industry and the wider community generally.”
“Arada has worked hard to deliver on our commitments to customers while at the same time maintaining the health and safety of both our employees and our contractors’ workforces onsite. We are now focused on delivering the remaining two phases in this remarkable community by the end of this year,” he noted.
According to him, Nasma Residences became Sharjah’s fastest-selling community when its first phase sold out within less than a month.
Launched in March 2017, the project features 993 townhouses and villas in total, delivered over five phases. Arada began delivering homes in May 2019 and is on track to hand over the remaining two phases in the project by the end of 2020.
Spread over a 5-million-sq-ft area in Al Tay suburb, the heart of New Sharjah, Nasma Residences hosts a wealth of amenities, including a GEMS international school and a 13-acre landscaped park.
Nasma Central, the project’s community and retail hub, features 44,000 sq ft of leasable space and will play host to a range of brands, including Starbucks and leading regional supermarket chain Spinneys when it opens to the public later on this year