Here’s all you need to know about Nasma Residences, the inaugural project from UAE-based developer, Arada.
Located in Sharjah, less than 30 minutes’ drive from Dubai International Airport, the community will feature 800 residential units and a broad range of public amenities.
The Sharjah-headquartered developer has managed to sell out all units of Phase 1 of Nasma Residences within a month.
Project name: Nasma Residences
Location: Al Tay, Sharjah, UAE
Residential units (townhouses and villas): 800
Starting price per unit: $270,000 (AED995,000)
Gross development value (GDV): $408m (AED1.5bn)
Nasma Square: 6,600m2 shopping mall
Neighbourhood park: 5.3ha
Children’s play areas: 3,000m2 each (approx.)
Community centre: Including club house, and sports and recreation facilities
Infrastructure completed: April 2017
Phases of construction: Five, with three-month intervals
Phase 1 residential units: 107
Phase 1 amenities: Nasma Square, neighbourhood park, and international school (TBC)
Phase 1 tender to be floated: May 2017
Phase 1 contractor to be selected: June 2017
Phase 1 construction to commence: July 2017
Phase 1 completion deadline: October 2018
Phase 2 construction to commence: October 2017
Overall project completion deadline: H2 2019