With a gross development value (GDV) of $408m, Nasma Residences will complete by mid-2019.
Nasma Residences is the inaugural project from UAE-headquartered developer, Arada.
Located in Sharjah, less than 30 minutes’ drive from Dubai International Airport, the community will feature 800 residential units and a broad range of public amenities.
Arada was formed in January 2017 as part of a partnership enterprise between Saudi Arabia’s KBW Investments and the UAE’s Basma Group.
The Sharjah-headquartered developer launched Nasma Residences less than two months following its establishment, selling out all Phase 1 units within the space of a month.
The following feature contains all of the information you need to know about Arada’s debut development.
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