The Sharjah-based real estate developer has launched a 2,600-bed purpose-built student accommodation hub called Nest
Real estate developer Arada has announced the launch of Sharjah’s first purpose-built student accommodation, which it claims will guarantee investors 10 per cent return on investment for five years.
The accommodation complex, called Nest, will be part of the $6.5bn mega-project Aljada, and will feature 10 five-storey buildings spread across a 35,000 square metre area on the University City side of the development.
Each block will, designed with internal courtyards and meeting spaces, will contain a selection of studios and two, four, five, and eight-bed dormitories, as well as laundry rooms, shared TV rooms and study areas. In total there are 1,288 units and 2,600 bed spaces.