Work on Phase 1 of Sharjah-based developer Arada’s Nasma Residences is 35% complete, and on track to be delivered by the end of this year, it has been confirmed.
Mobilisation work began for Phase 2 earlier this year, and the main contract to build Nasma Residences’ Phase 3 will be awarded next month.
IN PICTURES: Arada's Nasma Residences in Sharjah
Darwish Engineering Emirates won the infrastructure contract for Nasma Residences, Arada revealed.
Meanwhile, work on the community’s 6,500ft2 shopping centre has reached ground floor level, and is also due to complete by the end of 2018.
A GEMS International school being developed within the project is scheduled to complete by the end of 2019.
Arada revealed these details as it announced the launch of Nasma Residences’ Phase 4.
CONSTRUCTION UPDATE: Arada's $354m Nasma Residences megaproject in Sharjah
A total of 302 units will be launched from the master-planned residential development’s fourth phase, simultaneously marking the launch of Bareem Townhouses. A sales event for the phase will be held at the Ritz-Carlton, DIFC, this Saturday.
Bareem is a cluster of two- and three-bedroom homes, targeted towards couples and young families.
Phase 4 is due to be handed over by the end of 2019, and includes the four- and five-bedroom Signature Villas collection.
Commenting on the project’s progress, HE Sheikh Sultan bin Ahmed Al Qasimi, chairman of Arada, said: “With only one more phase to come before Arada’s first project, Nasma Residences, is completely sold out, we are expecting a significant response from investors and end-users.
“The Bareem Townhouses at Nasma Residences are an excellent addition to the homes on offer at this well-designed community; they have been created with owners’ interests at heart, and we look forward to delivering them towards the end of next year.”