Bloom Confirms Projects on Track for Timely Completion

Press release
Published April 16th, 2018 - 11:33 GMT
Sameh Muhtadi, CEO Bloom Holding
Sameh Muhtadi, CEO Bloom Holding

Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, today announced that it is on track to delivering its major projects on schedule.

The developer provided investors and home buyers with updates of the ongoing construction activities across its diverse range of projects in Abu Dhabi and Dubai as part of its participation in the 12th edition of Cityscape Abu Dhabi currently underway at the Abu Dhabi National Exhibition Centre (ADNEC).

At Cityscape Abu Dhabi, Bloom Properties is showcasing an extensive selection of residential offerings to investors from stand no. 6D10 in hall no. 6. These projects include Bloom Heights and Bloom Towers in Dubai’s Jumeirah Village Circle (JVC), as well as Park View and Soho Square mixed-use developments on Saadiyat in Abu Dhabi.

Bloom Properties has also introduced an exclusive zero percent down payment, and waiver on registration fees and service charge for one year on its Abu Dhabi developments. Valid only during the show from April 17 to 19, 2018, the offer is in line with Bloom’s efforts to enable buyers to purchase its high-value residential units at convenient terms.

Sameh Muhtadi, CEO Bloom Holding, said: “Bloom Properties is marking an emphatic participation in this year’s Cityscape Abu Dhabi to reaffirm its confidence in the local real estate market. At Bloom, we believe that we can accomplish sustainable success only if we make our offerings more attractive to a cross-section of investors and tailor these offerings to their unique requirements. Our exclusive Cityscape Abu Dhabi offer provides a good reason for buyers to invest in our projects and benefit from their unmatched value propositions.”

Bloom Properties also updated investors that the construction work is progressing steadily and on-schedule at its key developments.

In Abu Dhabi, the main works on Park View and Soho Square are on track in the university neighborhood of Saadiyat, with hand over set for Q4 2018.

In Dubai, Bloom has recently awarded the main construction contract for Bloom Towers, while the construction works at Bloom Heights is also progressing to plan. The developments are scheduled for hand over in Q4 2020 and Q4 2019 respectively.

Bloom Properties “a Bloom Holding Company” specializes in the development of integrated and sustainable communities that offer an enriching lifestyle and enhanced quality of life. In collaboration with premium designers and architects, the company develops a range of residential, commercial and mixed-use projects in prime locations across the MENA region. Bloom Properties also provides customized leasing and property management solutions.

Background Information

Bloom Properties

Over the past seven years, Bloom Holding has transformed and enriched the lifestyle of its customers by building distinctive integrated communities, providing premium education close to home, offering luxury hospitality and easing and embellishing day-to day living with facilities management and landscaping services.

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