To Leverage Status as Licenced Master Developer under the Emirate’s New Real Estate Regulatory Law
To Launch Fourth Phase of Award Winning Bloom Gardens Development
Bloom Holding, a subsidiary of National Holding, specialized in the development of integrated and sustainable communities, will highlight key investment opportunities as part of its participation at the upcoming edition of Cityscape Abu Dhabi, the developer announced today.
Bloom Holding will showcase a diversified project portfolio that spans across residential, commercial, education, hospitality and leisure sectors. Bloom will also leverage its status as a licenced master developer by the Abu Dhabi Department of Municipal Affairs under the provision of the new real estate regulatory law that seeks to reinforce the emirate’s real estate sector.
More specifically, Bloom will showcase Bloom Gardens launched in 2008 located on the Eastern Corniche in Abu Dhabi, as well as Bloom Central located on Sheikh Rashid Bin Saeed Al Maktoum Street (Airport Road), the Abu Dhabi Marina located in the Marina Al Bateen area, Park View and Soho Square projects both launched in 2015 on Saadiyat, and Stella Maris in Dubai Marina.
At Cityscape Abu Dhabi, the developer will launch Bloom Gardens Phase 4. A unique and contemporary in design phase of the award winning master planned community of Bloom Gardens which is easily accessible from every vibrant district of the capital.
Marking its tenth anniversary this year, Cityscape Abu Dhabi is set to run from 12th to 14th of April at the Abu Dhabi National Exhibition Centre (ADNEC).
Sameh Muhtadi, CEO, Bloom Holding, said: “Cityscape Abu Dhabi provides us with ample opportunities to network with potential buyers and investors from our key markets. At the event, we will showcase our project portfolio and expertise in delivering exceptional developments in unique locations. We look forward to using this platform to update our investors on the pace and stages of construction across our projects.
He added: “On a broader canvas, we will also share insights on latest trends in the region’s real estate market, including the introduction of Abu Dhabi’s new real estate law which requires all Abu Dhabi projects launched before January 1st 2016 to be fully compliant by the end of this year. Bloom is working to achieve this important milestone well ahead of the compliance deadline in order to support the improved regulation of Abu Dhabi’s real estate market.”
Bloom has recently commenced the construction of Phase 3 of the overall approved Bloom Gardens community master plan that involves the development of 147 housing units. In parallel, the company has also started the leasing of 49 well-appointed two- and three-bedroom residences and 7,000 square meters of premium office space within Bloom Central, a 25-storey mixed-use project strategically located in the heart of Abu Dhabi city.
Bloom Holding, a subsidiary of National Holding, is a group of companies dedicated to developing sustainable and integrated urban communities that offer an enriching lifestyle and quality of life. The Group is driven by its vision to surpass the expectations of buyers and investors through partnerships with best-in-class providers in education, hospitality, health care and property services. Bloom Holding has an established and growing portfolio of projects within the UAE, the MENA region, Europe and the United States.
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