Tuesday 7 July 2020

Bloom Properties' major projects set for 2020 handover

DUBAI, October 22, 2019

Leading real estate developer Bloom Properties said significant progress had been made on its key Abu Dhabi projects - Park View and Soho Square - which are currently under being handed over, while its Dubai projects - Bloom Towers and Bloom Heights - are set for delivery by the end of 2020.

The Emirati developer revealed this while providing a market update detailing the significant recent construction progress made across its development portfolio on Saadiyat Island and in Jumeirah Village Circle.

The construction works have been completed and handovers have commenced at Bloom Properties’ prestigious Saadiyat island’s Park View and Soho Square developments, it added.

A subsidiary of National Holding, Bloom Holding is one of the UAE’s foremost holding companies, committed to building, operating and investing in premium communities.

On Bloom Towers, the company said 41% of the project was now complete with the main work advancing rapidly across the development.

Bloom Towers consists of three residential towers with 944 units - ranging from studios to one-bedroom apartments.

Mobilisation, foundation and enabling works are now substantially completed and structural works, internal finishes and MEP works are progressing at a steady pace, said Bloom Properties in its statement. The show apartment is now ready and open for viewing, it added.

On the Bloom Heights, the Abu Dhabi developer said work was in full swing on the project with 30% of the towers already completed.

The development boasts 686 spacious residential apartments ranging from studios to three-bedroom apartments across two high-rise towers with world class amenities.

Mobilization, foundation and enabling works are substantially complete, while MEP, structure, blockworks and finishes are well under way and on track for the handover date later in 2020, it added.

Acting CEO Jeremy Lester said: "Bloom has overseen significant construction progress over recent months, which is very positive news for our customers. All our developments offer significant attraction for those looking for a sweetspot of location, quality and price and there are still opportunities for owners and investors to secure exceptional long-term value, especially given the advanced  construction progress."

"We continue to work closely with our contractors to ensure on-schedule delivery for customers to the highest standards," he noted.

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, he added.-TradeArabia News Service


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