Newly-established developer, ARADA, launches first project in support of the government’s vision to create urban communities
ARADA, the UAE’s newest developer, has today launched Nasma Residences, the company’s first project in Sharjah focused on aspirational yet accessible living in an urban setting. With an expected completion date for late 2018, residents and investors can now own their homes in a thoughtfully master-planned community of over 800 contemporary residential properties and a host of community facilities in the heart of a vibrant cultural and business hub. ARADA is a partnership enterprise jointly founded by KBW Investments Chairman HRH Prince Khaled bin Alwaleed bin Talal and Basma Group Chairman HE Sheikh Sultan bin Ahmed Al Qasimi.
Nasma Residences will offer a best-in-class living experience across a choice of two and three bedroom townhouses, four bedroom semi-detached homes and five bedroom signature villas. The aesthetically designed homes will marry form and function and be built with careful workmanship to ensure quality delivery. The development will expand over 5,000,000 sq. ft. of land area carefully planned to ensure a balance between living areas and community facilities.
Keeping homeowners’ comfort and convenience top of mind, 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 multipurpose community centre with club house offering sports and recreation facilities; a children’s nursery and full-service medical clinic; an international school; and a retail mall offering a large-scale anchor shopping experience for day-to-day and specialty needs and a range of casual dining experiences.
Addressing investors and residents, HE Sheikh Sultan bin Ahmed Al Qasimi, Chairman of ARADA, said: “We are very proud to be launching Nasma Residences just over a month following ARADA’s announcement. This is a clear indication of the reliability and credibility that we conveyed to the market from the outset. The project also translates our aspirations to stay in line with Sharjah leadership’s vision to create urban communities with vast green spaces. Nasma Residences is our value-added proposition to consumers demanding higher living standards combining product quality and affordability. We are confident that the project will be well-received by families and investors who are seeking ergonomically-designed homes in a strategically-located and emerging destination.”
Nasma Residences offers a superior location in the heart of new Sharjah. It is located at the intersection of Emirates Road Highway #611 and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the new state-of-the-art Sharjah Convention Centre. It is also just 10 minutes from Sharjah International Airport and Sharjah University City. The location is ideal for a convenient and traffic-free commute from Sharjah to Dubai or the Northern Emirates.
Nasma Residences will be known as the hallmark of intelligent design guaranteeing a private living space yet an engaging neighborhood with over 50 per cent of the masterplan dedicated to community facilities. With homes ranging in size from 1,500 sq. ft. to 3,500 sq. ft., complemented by generous plots, there is an offering to suit every prospective homeowner. With homes starting at AED 995,000, it offers an attractive opportunity for investors who want to buy in a lively new urban destination.
Interested buyers will be welcomed to view the Nasma Residences at the sales centre located at the Radisson Blu Sharjah in the Views Beachfront Meeting Space from 10:00am to 7:00pm Saturday-Thursday, starting on March 21, 2017.
Related: KBW Investments and Basma Group co-found ARADA to develop residential properties
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