UAE's newest developer Arada has started the handover process for homes in Phase Two of its new Sharjah community, Nasma Residences.
The first set of the 184 villas and townhouses in this phase was completed last week, with the developer now in the process of handing over units to their new owners.
Launched in March 2017, the project features 968 townhouses and villas in total, delivered over five phases.
Arada said it was on track to hand over homes in Phase Three 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.
Chairman Sheikh Sultan bin Ahmed Al Qasimi said: "We’ve been stepping up the pace of handovers since we started delivering homes in Phase One 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, stated Al Qasimi.
Nasma Square, a 70,000-sq-ft shopping centre, is scheduled to be completed in the first quarter, while Nasma Central, a community space featuring shops, cafes, a gym, a swimming pool and a nursery, will open in Q3 of 2020. Other amenities include a mosque and two smaller community parks, he added.
Located near the intersection of Emirates Road and Maliha Road, Nasma Residences has excellent connectivity with Dubai and the rest of the Northern Emirates. It is also situated just minutes away from the upcoming Sharjah Botanical Garden, Tilal City and the new Sharjah Convention Centre.-TradeArabia News Service
Arada starts handing over Sharjah community homes
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