Update: on the progress of ARADA's $354m Nasma Residences, Sharjah
When Construction Week interviewed the group chief executive officer of KBW Investments, Ahmed AlKhoshaibi, in April 2017, not even two months had passed since Nasma Residences was launched. At the time, however, the project’s road infrastructure had already been completed, and all 107 units comprising Phase 1 of the five-phase development had been sold. The latter was achieved in less than a month, making Nasma one of the fastest-selling residential projects in Sharjah, and establishing ARADA – a partnership enterprise jointly formed in January 2017 by Saudi Arabia’s KBW Investments and the UAE’s Basma Group – as a significant new presence in the UAE property market.
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