Page 4 - Al Tijarah - July 2019
P. 4

Arada hands over first homes of Sharjah’s

                                       Nasma Residences

       48  Arada has begun handing over homes at
         its Nasma Residences development. The
         Sharjah-based developer says it began the
         handover process of phase one in April,
         with the first keys being handed over on
         28 May. Phase one of the development
         includes 107 villas and townhouses.

         According  to a statement,  the first
         homeowners were presented with their
         keys and a welcome pack by HE Sheikh
         Sultan bin Ahmed Al Qasimi,  chairman
         of Arada, during a short ceremony that
         took place on the front door of their new

         “Today marks a milestone in the history of   Arada  also  announced  that  the  Sheikh Sultan  added, “We are now
         Arada. Since the founding of the company   construction  contracts for phases  four   focusing on selling the last remaining units
         in 2016,  some 3,500  buyers have put   and five of Nasma Residences have been   in Nasma Residences, as well as making
         their  faith in Arada by purchasing their   awarded. Intermass Engineering and   sure that every home is delivered by the
         future homes with us. It therefore gives   Contracting was appointed to build 302   end of June next year.”
         us immense pleasure to be able to repay   units in phase  four, while  Mohammed
         that trust by handing over our first   Abdulmohsin  Al-Kharafi  and  Sons  Construction at Nasma Residences
         units. These  owners are today moving   Company will build  the 178  units in   began in December 2017, and the entire
         into  a community that benefits from an   phase five. The entire community will be   community is scheduled for completion
         exceptional  location, incredible  facilities   completed by the end of June 2020, the   by the end of the second quarter of
         and modern design,” said Sheikh Sultan.  developer said.             2020.

                       Sharjah DSCD launches economic

                                            survey project

         The Sharjah Department of Statistics and                             objective to collect performance data of
         Community Development  (DSCD) has                                    public  and  private sector  companies, as
         rolled out the implementation phase of its                           well as non-profits. The final  report  will
         latest economic survey project, which will                           be a comprehensive analysis of  sector-
         encompass all administrative communities                             by-sector growth of Sharjah,  its  current
         and free zones in the emirate.                                       economic realities,  and will accurately
                                                                              identify each  sector's contributions to
         The project was unveiled in January this                             the emirate's economic diversification
         year. More than 5,800 organisations from                             process.
         all areas and  cities of  Sharjah including
         860 major companies have been notified                               In addition to measuring  the  overall
         by DSCD about the survey. The survey's                               economic performance of the emirate in
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