Arada unveils new investment opportunity after announcing the launch of Nest, an integrated student accommodation complex. Developer Arada is introducing a new investment opportunity after announcing the launch of Nest, an integrated student accommodation complex in its Sharjah mega project Aljada.
The move will enable 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, Arada said in a statement.
Located close to Sharjah’s University City, Nest features a total of 10 five-storey buildings containing 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, it added.
Nest’s list of facilities includes an art studio, a music hall, a library, a running track and a central dining hall, while tenants will also be provided with access to male- and female-only swimming pools, gyms and study areas.
Arada has also committed to providing Nest residents with a number of part-time employment opportunities at local retail and food and beverage outlets, both in the complex and in Aljada as a whole.
