ARADA awards Nasma Residences Phase 2 contracts to Intermass and Klampfer

WCN Editorial Team 16 Feb 2018 MIDDLE EAST BUILDINGS

Intermass Engineering & Contracting and Klampfer Middle East have been awarded main contracts for the construction of 184 villas and townhouses of Phase 2 of ARADA’s first project, Nasma Residences, in Sharjah, UAE.

Klampfer Middle East is a joint venture between Basma Group and KBW Investments.

Mobilisation onsite will begin in February, and units will he handed over to homeowners in the first quarter of 2019.

Nasma Residences, which was launched in March 2017, sold out the first of the community’s five phases in less than a month.

The project features 800 homes and is scheduled to be completed by the end of 2019.

The main contract for construction of Phase 1 of Nasma Residences was also awarded to Intermass Engineering & Contracting.

Enabling works commenced onsite in September 2017 and the first phase is expected to be delivered to buyers by the end of 2018.

Spread over an area of five million ft2, Nasma Residences will also feature community offerings such as a 13-acre landscaped park with cycling and jogging tracks and large play areas; a multi-purpose community centre with club house; children’s nursery and full-service medical clinic; GEMS international school; and Nasma Square, a retail mall.

Nasma Residences is located at the intersection of Emirates Road (E611) and Maliha Road, adjacent to the newly developing Tilal City, Tilal Mall and the new Sharjah Convention Centre. It is also located close to Sharjah International Airport and Sharjah University City.

Each home ranges in size from 1,500ft2 to 4,400ft2 and starts from AED1,045,000 ($284,501).

ARADA chairman Sheikh Sultan bin Ahmed Al Qasimi said: “This year is a hugely important one for Nasma Residences, as we work towards handing over our first homes in the final quarter.

“These contracts for Phase 2 of this community show our commitment to homebuyers to move quickly and deliver on schedule.”

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