Nasma Residences show home opens to public

Show home garden at Nasma Residences
Updated 03 September 2018

Nasma Residences show home opens to public

ARADA has announced that construction in Phase 1 of its community, Nasma Residences, is now 60 percent complete, as it gears up to start handing over units at the end of this year. In addition, the finishing touches have been put to the development’s first completed property, a semi-detached villa, which is now open to the public as a show home.
The show home is located on the north-eastern corner of Nasma Residences, adjacent to a pop-up sales center and a viewing platform that will allow interested buyers to view the whole of the 5 million square foot community. It is now open between Saturdays and Thursdays between 9 a.m. and 6 p.m.
Sheikh Sultan bin Ahmed Al-Qasimi, chairman of ARADA, said: “The opening of this show home — which doubles up as our first completed property — is the perfect way to show that ARADA is delivering on its promises. We believe this will give potential homebuyers a unique opportunity to see, touch and enjoy the incredible living experience we are creating at Nasma Residences.”
The rapid construction progress in Phase 1 of Nasma Residences has been matched in Phase 2, where development is now 20 percent complete. Meanwhile, work on Nasma Square, the 6,500 square foot shopping mall for the community, has reached the project’s first floor, and is expected to be completed by the end of this year. ARADA has also confirmed that over 500 homes have now been purchased at the community, which is now almost two-thirds sold out.
The news follows the launch of Phase 4 sales in July, which also saw the introduction of the Bareem Townhouses, a stylish collection of competitively priced two- and three-bedroom homes at the project.
Launched in March 2017, Nasma Residences sold out the first of the community’s five phases in less than a month, making it the fastest-selling residential real estate project in Sharjah. It has been carefully planned to ensure a balance between living areas and community facilities. In total, Nasma Residences contains more than 800 homes, as well as Nasma Square, a fully fledged community center, and a GEMS international school.

Emirates NBD opens branch in Alkhobar

Updated 20 September 2018

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.