Arad started the handover process for homes of the third phase of the Nasma Residence project, which broke records. The project spread over a sprawling 5 million sq ft area in Al Tayy suburb, the heart of New Sharjah.
Work began on the third phase of the project, which includes 197 villas and townhouses in December 2018, and the construction of 103 houses has been completed, with the remaining units to be completed by the end of June.
Phase Three of the Nasma Residence project includes a wide range of townhouses, semi-detached villas, and luxury villas, in addition to the Sama Majlis Villa, which is a four-bedroom villa with an open-air majlis based on the top floor terrace, which is a new type In the Sharjah real estate market.
Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arad’s Board of Directors, said: “We are proud to be able to handover these homes during this challenging period for the real estate sector and society as a whole. Arad has worked hard to deliver on our commitments to customers while at the same time maintaining the health and safety of our employees and workers. We are currently focusing on handing over the remaining two phases of this project by the end of this year. “
The project, which was launched in March 2017, includes 993 villas and townhouses, delivered in 5 phases. Arad began delivering homes in May 2019 and is expected to hand over the last two phases by the end of 2020.