Bloom Properties’ Projects Remain on Track for Handover Despite COVID-19

Press release
Published April 26th, 2020 - 08:36 GMT
Bloom Properties’ Projects Remain on Track for Handover Despite COVID-19
Bloom Properties
Highlights
Abu Dhabi - Leading real estate developer, Bloom Properties, has announced significant construction progress across its projects in Jumeirah Village Circle in Dubai.

Abu Dhabi - Leading real estate developer, Bloom Properties, has announced significant construction progress across its projects in Jumeirah Village Circle in Dubai.

Despite the challenges brought by COVID-19 pandemic, Bloom Towers and Bloom Heights both are on-track to be completed on schedule.

With rigorous health and safety measures in place, construction works on Bloom Properties’ sites are fully operational. The main work advances rapidly on both developments, with, respectively, 72% and 60% of Bloom Towers and Bloom Heights now complete.

As part of its long-term commitment to provide buyers with investment opportunities that blend high-quality locations, build quality and price in sustainable communities, Bloom Properties has over 6000 units scheduled for delivery in upcoming projects. Future projects include the fifth phase of Bloom’s high-end residential community, Bloom Gardens in Abu Dhabi.

Bloom Holding stated: “Our operations, projects and businesses will continue despite the effects of the COVID-19 situation, with a main focus on the timely delivery of our existing developments in Dubai, where construction continues to make significant progress across Bloom Towers and Bloom Heights. We are working closely with our contractors to ensure on-schedule delivery for customers.

“We have an ambitious development cycle and we are applying our intimate knowledge of the market to launch developments that correspond directly to the diverse needs of buyers and investors.”

Bloom Towers consists of three residential towers with 944 units. The units range from studios and one-bedroom apartments. The show apartment is now ready and open for viewing.

Bloom Heights has 686 spacious residential apartments ranging from studios to three-bedroom apartments across two high-rise towers with world class amenities.

Bloom Towers and Bloom Heights will embrace smart technology which transforms the way customers experience their workspaces and homes. Units in both projects are available for sale with attractive payment plans including a stage payment programme schedule of 10% down payment, 15% during construction and 75% three years post-handover for Bloom Heights and five years post-handover for Bloom Towers. Investors and homeowners of units at Bloom Towers will also enjoy three years of free service charge.

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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