Construction on Arada’s Nasma Residences in Sharjah has hit the 60% completion mark as the UAE developer eyes the end of this year to start handing over units to their new owners.
In a statement, Arada said the ‘finishing touches’ have also been put to the development’s first completed property, a semi-detached villa, which is now open to the public as a show home – located on the north-eastern corner of the 46.5ha community.
Arada said the second phase of the project, which began in March this year, has matched the pace of the first which has already hit the 20% completion mark.
Sharjah-based engineering firm Intermass was awarded one of the two contracts for the second phase. The second contract was awarded to Klampfer Middle East, a Sharjah-headquartered company founded by KBW Investments and Basma Group.
Work on Nasma Square, the 6500ft2 shopping mall for the community, has also reached the project’s first floor and is expected to complete by the end of this year, the group added.
Launched in March last year, Nasma Residences – located at the intersection of Emirates Road (E611) and Maliha Road – sold its first five phases in less than a month, with the development set to eventually contain more than 800 homes.
Arada said ‘over 500 homes have now been purchased at the community’, two thirds of which have already been sold. Homes at the development will range in size from 1,400ft2 to 4,400ft2, complemented by “generous plots”.
The entire project is scheduled to complete by the end of 2019.