Arada begins handing over homes in Phase 2 of Nasma Residences to owners

Arada begins handing over homes in Phase 2 of Nasma Residences to owners

News: 8 September 2019

  • Developer steps up pace of delivery at record-breaking Sharjah community after first homes delivered in May this year
  • Nasma Residences is now 85% sold, and is scheduled for full completion in Q2 2020

Arada has started the handover process for homes in Phase 2 of its record-breaking Sharjah community, Nasma Residences. The first set of the 184 villas and townhouses in this phase was completed on Thursday 5 September, with the developer now in the process of handing over units to their new owners.

HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said: “We’ve been stepping up the pace of handovers since we started delivering homes in Phase 1 of Nasma Residences in May. There are now only a limited number of units left for sale at this incredible new community, and we expect to be fully sold out by the end of this year.”

Nasma Residences became Sharjah’s fastest-selling community when its first phase sold out in less than a month. It was also named Best Community for 2018 by the Sharjah Real Estate Registration Department, the government regulator of the Emirate’s property sector, earlier this year.

Launched in March 2017, the project features 968 townhouses and villas in total, delivered over five phases. Arada is on track to hand over homes in Phase 3 by the end of the first quarter of 2020, and units in the final two phases by the end of the second quarter of 2020.

Spread over a 5 million square foot 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 Square, a 70,000 square foot shopping centre, is scheduled to be completed in the first quarter of next year, while Nasma Central, a community space featuring shops, cafes, a gym, a swimming pool and a nursery, is set to open in the third quarter of 2020. Other amenities include a mosque and two smaller community parks.

Located near the intersection of Emirates Road and Maliha Road, Nasma Residences has excellent connectivity with Dubai and the rest of the Northern Emirates. Recent upgrades in road infrastructure close to the community have improved commute times to Dubai, while the recently opened Sharjah Mosque, the Emirate’s largest with a capacity for 25,000 worshippers, is just two kilometres away.

Nasma Residences is also located just minutes away from the upcoming Sharjah Botanical Garden, Tilal City and the new Sharjah Convention Centre.