Arada sells out two Nest apartment blocks in Aljada in a single day

24 June 2019

Arada has sold out two entire buildings in its Nest community in a single day, following unprecedented demand from local investors for the purpose-built student housing complex located within the Aljada master plan.

At the launch event for Nest 6 and 7 on 15 June, the developer sold out both of the first two blocks in the second phase of the development. Units in this phase of Nest are being offered to investors with a guaranteed return of investment of 10% annually for a period of 10 years, with prices beginning from AED240,000.

Investor attention is now turning to the next building in the community, Nest 8, which is now on offer to the public.

Nest enables individual real estate investors to purchase directly in the student housing segment in the Gulf for the first time, an area that has seen major interest in traditional markets such as the United States and Europe.

Located just 10 minutes’ walk from one of the Middle East’s fastest-growing education hubs, Sharjah’s University City, Nest offers unrivalled facilities and amenities, all set within a smart technology-enabled space that sets a new standard for student housing in the region.

Spread over a 35,000 square metre area on the University City side of Aljada, Nest features a total of 12 five-story buildings, all of which have been carefully designed with internal courtyards and spaces that provide meeting spaces for residents.

Each block contains a selection of studios and two-, four-, five- and eight-bed dormitories, alongside laundry rooms, shared TV rooms and study areas. Different parts of the community have been allocated to accommodation for men and women, ensuring comfort and privacy for every tenant.

Related: In Gulf first, Arada brings direct student accommodation offering to investors via the launch of Nest at Aljada